What is Kumba Iron Ore Earnings Yield (Joel Greenblatt) %?
Kumba Iron Ore's Enterprise Value for the quarter that ended in Dec. 2023 was $10,990 Mil.
Kumba Iron Ore's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $2,214 Mil. Kumba Iron Ore's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 20.37%.
The historical rank and industry rank for Kumba Iron Ore's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
KIROY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.34 Med: 21.34 Max: 77.03
Current: 25.77
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Kumba Iron Ore was 77.03%. The lowest was 4.34%. And the median was 21.34%.
KIROY's Earnings Yield (Joel Greenblatt) % is ranked better than 91.09% of 640
companies
in the Steel industry
Industry Median: 6.85
vs KIROY: 25.77
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) %. Kumba Iron Ore's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 23.68%. 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.
Kumba Iron Ore Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Kumba Iron Ore'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.
Kumba Iron Ore Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Kumba Iron Ore's Earnings Yield (Joel Greenblatt) %
For the Steel subindustry, Kumba Iron Ore'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.
Kumba Iron Ore's Earnings Yield (Joel Greenblatt) % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Kumba Iron Ore's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kumba Iron Ore's Earnings Yield (Joel Greenblatt) % falls into.
Kumba Iron Ore 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.
Kumba Iron Ores 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.
Kumba Iron Ore (OTCPK:KIROY) 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.
Kumba Iron Ore Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Kumba Iron Ore's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kumba Iron Ore (Kumba Iron Ore) Business Description
Kumba Iron Ore Ltd is engaged in the exploration, mining, processing blending and sale of iron ore to the global steel industry. The company primarily operates in South Africa, with mining operations in the Northern Cape and Limpopo provinces, as well as a head office in Centurion, Gauteng, and a port operation in Saldanha Bay, Western Cape. The company's flagship asset is the Sishen mine, which it holds a majority stake, located near the town of Kathu in the Northern Cape Province. The Sishen mine is an opencast mine and produces the bulk of the group's iron ore, most of which is exported. It also holds interest in Kolomela mine.
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