What is Golden Agri-Resources Earnings Yield (Joel Greenblatt) %?
Golden Agri-Resources's Enterprise Value for the quarter that ended in Dec. 2023 was €4,132 Mil.
Golden Agri-Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was €552 Mil. Golden Agri-Resources's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 12.87%.
The historical rank and industry rank for Golden Agri-Resources's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:4G3A'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.95 Med: 6.83 Max: 32.63
Current: 13.12
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Golden Agri-Resources was 32.63%. The lowest was 1.95%. And the median was 6.83%.
FRA:4G3A's Earnings Yield (Joel Greenblatt) % is ranked better than 84.07% of 1946
companies
in the Consumer Packaged Goods industry
Industry Median: 4.92
vs FRA:4G3A: 13.12
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) %. Golden Agri-Resources's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 33.97%. 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.
Golden Agri-Resources Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Golden Agri-Resources'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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Golden Agri-Resources Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Golden Agri-Resources's Earnings Yield (Joel Greenblatt) %
For the Farm Products subindustry, Golden Agri-Resources'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.
Golden Agri-Resources's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Golden Agri-Resources's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Golden Agri-Resources's Earnings Yield (Joel Greenblatt) % falls into.
Golden Agri-Resources 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.
Golden Agri-Resourcess 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.
Golden Agri-Resources (FRA:4G3A) 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.
Golden Agri-Resources Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Golden Agri-Resources's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Golden Agri-Resources (FRA:4G3A) Business Description
Golden Agri-Resources Ltd is an integrated palm oil plantation company. It operates through two segments: Plantations and palm oil mills, and Palm, laurics, and others. The plantation and palm oil mills segment comprises the products from the upstream business. The Palm, laurics and others comprise the processing and merchandising of palm and oilseed-based products i.e. bulk, branded, oleo-chemicals and other vegetable oils. The majority of the revenue is generated from the Palm, laurics and other segments. The company generates the majority of its revenue from the Rest of Asia.
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