What is Air Astana JSC Earnings Yield (Joel Greenblatt) %?
Air Astana JSC's Enterprise Value for the quarter that ended in Dec. 2023 was $0.0 Mil.
Air Astana JSC's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $82.0 Mil. Air Astana JSC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 0.00%.
The historical rank and industry rank for Air Astana JSC's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LSE:AIRA'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.13 Med: 15.4 Max: 16.67
Current: 7.13
During the past 4 years, the highest Earnings Yield (Joel Greenblatt) of Air Astana JSC was 16.67%. The lowest was 7.13%. And the median was 15.40%.
LSE:AIRA's Earnings Yield (Joel Greenblatt) % is ranked better than 51.95% of 1001
companies
in the Transportation industry
Industry Median: 6.79
vs LSE:AIRA: 7.13
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) %. Air Astana JSC'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.
Air Astana JSC Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Air Astana JSC'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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Air Astana JSC Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Air Astana JSC's Earnings Yield (Joel Greenblatt) %
For the Airlines subindustry, Air Astana JSC'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.
Air Astana JSC's Earnings Yield (Joel Greenblatt) % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Air Astana JSC's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Air Astana JSC's Earnings Yield (Joel Greenblatt) % falls into.
Air Astana JSC 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.
Air Astana JSCs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Air Astana JSC's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $82.0 Mil.
Air Astana JSC (LSE:AIRA) 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.
Air Astana JSC Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Air Astana JSC's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Air Astana JSC is an airline company. It provides scheduled, point-to-point and transit, short-haul and long-haul air travel and cargo on domestic, intra-regional, and international routes across Central Asia, the Caucasus, Europe (including Turkey), the Middle East and Asia (including India and China) and has a fleet of 47 aircraft. The company group has two operating segments, Air Astana and FlyArystan. Air Astana's activities consist of mainly domestic and international passenger and cargo air transportation as a full-service brand. Fly Arystan activities consist of mainly domestic and international passenger and cargo air transportation as a low-cost brand. Maximum revenue is generated from the Air Astana segment.
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