What is Boustead Holdings Bhd Earnings Yield (Joel Greenblatt) %?
Boustead Holdings Bhd's Enterprise Value for the quarter that ended in Mar. 2023 was RM9,364 Mil.
Boustead Holdings Bhd's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 was RM70 Mil. Boustead Holdings Bhd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2023 was 0.75%.
The historical rank and industry rank for Boustead Holdings Bhd's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XKLS:2771's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Conglomerates industry.
Industry Median: 6.76 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. Boustead Holdings Bhd's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 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.
Boustead Holdings Bhd Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Boustead Holdings Bhd'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.
Boustead Holdings Bhd Earnings Yield (Joel Greenblatt) % Chart
For the Conglomerates subindustry, Boustead Holdings Bhd'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.
Boustead Holdings Bhd's Earnings Yield (Joel Greenblatt) % Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Boustead Holdings Bhd's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Boustead Holdings Bhd's Earnings Yield (Joel Greenblatt) % falls into.
Boustead Holdings Bhd 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.
Boustead Holdings Bhds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
Boustead Holdings Bhd's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was RM70 Mil.
Boustead Holdings Bhd (XKLS:2771) 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.
Boustead Holdings Bhd Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Boustead Holdings Bhd's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Boustead Holdings Bhd (XKLS:2771) Business Description
Boustead Holdings Bhd is a conglomerate. The company operates in six segments. The plantation division primarily involves the planting of oil palm and processing of crude palm oil. The heavy industries division primarily involves shipbuilding, fabrication of offshore structures, and vessel restoration and maintenance. The Property and Industrial Division division primarily involves real estate development and leasing, as well as hotel operation. The pharmaceutical division manufactures, trades, and markets pharmaceutical products. The trading and industrial division operates a petrol station network and manufactures and trades building materials.
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