What is Multistack International Earnings Yield (Joel Greenblatt) %?
Multistack International's Enterprise Value for the quarter that ended in Dec. 2023 was A$3.41 Mil.
Multistack International's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1.05 Mil. Multistack International's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -30.96%.
The historical rank and industry rank for Multistack International's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ASX:MSI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -272.14 Med: 31.8 Max: 1090.66
Current: -23.42
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Multistack International was 1090.66%. The lowest was -272.14%. And the median was 31.80%.
ASX:MSI's Earnings Yield (Joel Greenblatt) % is ranked worse than 94.64% of 3039
companies
in the Industrial Products industry
Industry Median: 4.14
vs ASX:MSI: -23.42
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) %. Multistack International's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.
Multistack International Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Multistack International'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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Multistack International Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Multistack International's Earnings Yield (Joel Greenblatt) %
For the Specialty Industrial Machinery subindustry, Multistack International'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.
Multistack International's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Multistack International's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Multistack International's Earnings Yield (Joel Greenblatt) % falls into.
Multistack International 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.
Multistack Internationals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
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.
Multistack International (ASX:MSI) 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
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.
Multistack International Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Multistack International's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Multistack International (ASX:MSI) Business Description
Multistack International Ltd engages in the marketing and distribution of industrial air conditioning equipment through its wholly-owned subsidiary, DunnAir International Ltd. The company has two segments namely Heating, ventilation, air conditioning, and Passive investment operations. It generates maximum revenue from the Heating, ventilation, and air conditioning segment. The company distributes its products in New Zealand, the Philippines, South Korea, and the middle east region. Its products include Water-Cooled, Air-Cooled, MagLev Water-Cooled, MagLev Air-Cooled, Heat Pump/Dedicated Heat Recovery Chillers, Centrifugal Modules, and Air-Cooled Split.
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