What is Sahaviriya Steel Industries Earnings Yield (Joel Greenblatt) %?
Sahaviriya Steel Industries's Enterprise Value for the quarter that ended in Dec. 2019 was ฿0.00 Mil.
Sahaviriya Steel Industries's EBIT for the trailing twelve months (TTM) ended in Dec. 2019 was ฿-1,742.12 Mil. Sahaviriya Steel Industries's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2019 was -10.65%.
The historical rank and industry rank for Sahaviriya Steel Industries's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BKK:SSI-R'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -251.14 Med: 1.95 Max: 715.1
Current: -250
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Sahaviriya Steel Industries was 715.10%. The lowest was -251.14%. And the median was 1.95%.
BKK:SSI-R's Earnings Yield (Joel Greenblatt) % is not ranked
in the Steel industry.
Industry Median: 6.71
vs BKK:SSI-R: -250.00
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) %. Sahaviriya Steel Industries's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2019 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.
Sahaviriya Steel Industries Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Sahaviriya Steel Industries'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.
For the Steel subindustry, Sahaviriya Steel Industries'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.
Sahaviriya Steel Industries's Earnings Yield (Joel Greenblatt) % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Sahaviriya Steel Industries's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Sahaviriya Steel Industries's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Sahaviriya Steel Industriess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2019 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.
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.
Sahaviriya Steel Industries Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Sahaviriya Steel Industries's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Sahaviriya Steel Industries (BKK:SSI-R) Business Description
Sahaviriya Steel Industries PLC is a producer of hot-rolled steel sheet coils in Southeast Asia. The company's reportable segments consist of Manufacture of hot-rolled coils, Maintenance services, and Deep-sea port services. Its product includes hot-rolled steel sheet in coils and hot-rolled steel sheet pickled and oiled which is used as raw material for industries such as construction, pipe, and tube, gas cylinder, container, furniture, automotive, and cold rolled steel. In addition, it also supplies steel sheets to various sectors such as automobile, energy, transportation and construction sectors.
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