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PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Earnings Yield (Joel Greenblatt) % : 9.30% (As of Mar. 2024)


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What is PT Mandiri Herindo Adiperkasa Tbk Earnings Yield (Joel Greenblatt) %?

PT Mandiri Herindo Adiperkasa Tbk's Enterprise Value for the quarter that ended in Mar. 2024 was Rp3,074,766 Mil. PT Mandiri Herindo Adiperkasa Tbk's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was Rp285,929 Mil. PT Mandiri Herindo Adiperkasa Tbk's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 9.30%.

The historical rank and industry rank for PT Mandiri Herindo Adiperkasa Tbk's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

ISX:MAHA' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.8   Med: 7.96   Max: 15.36
Current: 8.3

During the past 4 years, the highest Earnings Yield (Joel Greenblatt) of PT Mandiri Herindo Adiperkasa Tbk was 15.36%. The lowest was 5.80%. And the median was 7.96%.

ISX:MAHA's Earnings Yield (Joel Greenblatt) % is ranked better than
58.23% of 1003 companies
in the Transportation industry
Industry Median: 6.81 vs ISX:MAHA: 8.30

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) %. PT Mandiri Herindo Adiperkasa Tbk's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 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.


PT Mandiri Herindo Adiperkasa Tbk Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for PT Mandiri Herindo Adiperkasa Tbk'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.

* Premium members only.

PT Mandiri Herindo Adiperkasa Tbk Earnings Yield (Joel Greenblatt) % Chart

PT Mandiri Herindo Adiperkasa Tbk Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
- - - 12.38

PT Mandiri Herindo Adiperkasa Tbk Quarterly Data
Dec20 Dec21 Mar22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only - - 7.51 12.38 9.30

Competitive Comparison of PT Mandiri Herindo Adiperkasa Tbk's Earnings Yield (Joel Greenblatt) %

For the Trucking subindustry, PT Mandiri Herindo Adiperkasa Tbk'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.


PT Mandiri Herindo Adiperkasa Tbk's Earnings Yield (Joel Greenblatt) % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT Mandiri Herindo Adiperkasa Tbk's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where PT Mandiri Herindo Adiperkasa Tbk's Earnings Yield (Joel Greenblatt) % falls into.



PT Mandiri Herindo Adiperkasa Tbk 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.

PT Mandiri Herindo Adiperkasa Tbks Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=382255.146/3087225.242
=12.38 %

PT Mandiri Herindo Adiperkasa Tbk's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was Rp285,929 Mil.



PT Mandiri Herindo Adiperkasa Tbk  (ISX:MAHA) 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.

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


PT Mandiri Herindo Adiperkasa Tbk Earnings Yield (Joel Greenblatt) % Related Terms

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PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Business Description

Traded in Other Exchanges
N/A
Address
Senopati Raya No. 8B, Office 8, Floor 31, SCBD Lot 28, Jakarta, IDN, 12190
PT Mandiri Herindo Adiperkasa Tbk is one of the mineral and coal transportation service providers, supported by resources and professional personnel with integrity. Mandiri Services strives to provide safe, efficient, and effective mining services. Its focus is to provide prosperity and energy to the people of Indonesia through consistent and sustainable innovation toward a better future. The company focuses on coal hauling service activities after overburden removal activities are carried out by contractors. The Company also has several types of units in the implementation of coal transportation services, namely single trailers, double trailers and dump trucks with variations in payload capacity and equipment specifications according to the needs of the employer.

PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Headlines

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