What is Lonrho Earnings Yield (Joel Greenblatt) %?
Lonrho's Enterprise Value for the quarter that ended in Dec. 2012 was €298.7 Mil.
Lonrho's EBIT for the trailing twelve months (TTM) ended in Dec. 2012 was €6.0 Mil. Lonrho's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2012 was 0.00%.
The historical rank and industry rank for Lonrho's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:LOY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9.41 Med: 0 Max: 0
Current: -9.41
FRA:LOY's Earnings Yield (Joel Greenblatt) % is not ranked
in the Conglomerates industry.
Industry Median: 6.65
vs FRA:LOY: -9.41
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) %. Lonrho's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2012 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.
Lonrho Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Lonrho'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.
Competitive Comparison of Lonrho's Earnings Yield (Joel Greenblatt) %
For the Conglomerates subindustry, Lonrho'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.
Lonrho's Earnings Yield (Joel Greenblatt) % Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Lonrho's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lonrho'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.
Lonrhos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2012 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.
Lonrho Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Lonrho's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Lonrho PLC is engaged in providing the infrastructure and services required for the growing oil, mineral and agricultural sectors in Africa. The Company has a diverse portfolio of investments across Sub-Saharan Africa in four core operating sectors: Agribusiness, Infrastructure, Hotels and Support Services. Agribusiness vertically integrates the production, sourcing, logistics, processing and distribution of agricultural products from Sub-Saharan Africa to the consumer. The division supplies to its retailers in Sub-Saharan Africa, Europe, the USA, Middle East, Scandinavia and the Far East. The division also distributes agricultural and heavy machinery. Infrastructure division develops and manages oil logistics terminals. Luba Freeport, the oil service terminal in the Gulf of Guinea, has attracted oil service companies to be long term tenants at the port to service offshore exploration and production rigs. The Company's Hotel division includes hotels centred on the commercial, conference and business related markets across the Continent. It owns or manages hotels in Lubumbashi and Kinshasa in the Democratic Republic of the Congo, Maputo in Mozambique, Gaborone in Botswana and Mutare in Zimbabwe. IT business is a full systems integrator and manager that designs, builds, develops and integrates IT solutions for large corporate clients, banks and governments and then undertakes management contracts to run and manage installations. The IT division is a distributor for Cisco, Microsoft, Dell and Hewlett Packard systems and equipment.
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