Aryzta AG (Aryzta AG) Earnings Yield (Joel Greenblatt) % : 7.94% (As of Jul. 2023)

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What is Aryzta AG Earnings Yield (Joel Greenblatt) %?

Aryzta AG's Enterprise Value for the quarter that ended in Jul. 2023 was $2,123 Mil. Aryzta AG's EBIT for the trailing twelve months (TTM) ended in Jul. 2023 was $167 Mil. Aryzta AG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jul. 2023 was 7.94%.

The historical rank and industry rank for Aryzta AG's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

ARZTF' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -47.76 Med: 2.52 Max: 14.64
Current: 6.86

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Aryzta AG was 14.64%. The lowest was -47.76%. And the median was 2.52%.

ARZTF's Earnings Yield (Joel Greenblatt) % is ranked better than
61.15% of 1946 companies
in the Consumer Packaged Goods industry
Industry Median: 4.91 vs ARZTF: 6.86

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Aryzta AG's Forward Rate of Return (Yacktman) % for the quarter that ended in Jul. 2023 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.

Aryzta AG Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Aryzta AG's Earnings Yield (Joel Greenblatt) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Aryzta AG Earnings Yield (Joel Greenblatt) % Chart

Aryzta AG Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Earnings Yield (Joel Greenblatt) %

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-16.03

2.52

-25.91

-0.08

2.98

Aryzta AG Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															-0.08	-	2.98	-	7.94

Competitive Comparison of Aryzta AG's Earnings Yield (Joel Greenblatt) %

For the Packaged Foods subindustry, Aryzta AG's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Aryzta AG's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Aryzta AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Aryzta AG's Earnings Yield (Joel Greenblatt) % falls into.

Aryzta AG Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

Aryzta AGs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jul. 2022 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	41.811	/	1222.0104496
	=	3.42 %

For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.

Aryzta AG (OTCPK:ARZTF) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.

Be Aware

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

Aryzta AG Earnings Yield (Joel Greenblatt) % Related Terms

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Aryzta AG (Aryzta AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Aryzta AG (OTCPK:ARZTF) » Definitions » Earnings Yield (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

ARZTY:USA ARYNz:UK 0MFY:UK YZAU:Germany ARYN:Switzerland

Address

Ifangstrasse 9, Schlieren, CHE, 8952

Website

https://www.aryzta.com

Aryzta AG is an international specialist food company. Geographically, it has a presence in Switzerland, Germany, France, and other countries. By product segment, bread rolls and artisan loaves are the largest segment, followed by sweet baked & morning goods.