What is African And Overseas Enterprises Earnings Yield (Joel Greenblatt) %?
African And Overseas Enterprises's Enterprise Value for the quarter that ended in Dec. 2023 was R817.0 Mil.
African And Overseas Enterprises's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was R124.8 Mil. African And Overseas Enterprises's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 0.00%.
The historical rank and industry rank for African And Overseas Enterprises's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
JSE:AOVP'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8.6 Med: 7.2 Max: 23.7
Current: 21.69
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of African And Overseas Enterprises was 23.70%. The lowest was -8.60%. And the median was 7.20%.
JSE:AOVP's Earnings Yield (Joel Greenblatt) % is ranked better than 93.2% of 1117
companies
in the Retail - Cyclical industry
Industry Median: 4.85
vs JSE:AOVP: 21.69
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) %. African And Overseas Enterprises'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.
African And Overseas Enterprises Earnings Yield (Joel Greenblatt) % Historical Data
* 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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African And Overseas Enterprises Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of African And Overseas Enterprises's Earnings Yield (Joel Greenblatt) %
For the Apparel Retail subindustry, African And Overseas Enterprises'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.
African And Overseas Enterprises's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, African And Overseas Enterprises's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where African And Overseas Enterprises's Earnings Yield (Joel Greenblatt) % falls into.
African And Overseas Enterprises 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.
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.
African And Overseas Enterprises Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of African And Overseas Enterprises's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
African And Overseas Enterprises (JSE:AOVP) Business Description
African And Overseas Enterprises Ltd is an investment holding company. The company operates in five segments: Retail division comprises the retailing of fashion apparel through Queenspark stores in South Africa. Property division comprises of the group's property portfolio based in Cape Town which includes both investment and owner-occupied properties.; Water infrastructure segment comprises an indirect investment made in a private water and wastewater utility group operating in the South African provinces of Mpumalanga and KwaZulu-Natal, Media and broadcasting comprises the provision of media and satellite equipment and services through Telemedia, and the Group Services division manages the corporate responsibility and includes corporate costs. The Retail Segment derives maximum revenue.
African And Overseas Enterprises (JSE:AOVP) Headlines
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