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FM Global Logistics Holdings Bhd (XKLS:7210) Earnings Yield (Joel Greenblatt) % : 10.86% (As of Jun. 2024)


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What is FM Global Logistics Holdings Bhd Earnings Yield (Joel Greenblatt) %?

FM Global Logistics Holdings Bhd's Enterprise Value for the quarter that ended in Jun. 2024 was RM503.9 Mil. FM Global Logistics Holdings Bhd's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 was RM54.7 Mil. FM Global Logistics Holdings Bhd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2024 was 10.86%.

The historical rank and industry rank for FM Global Logistics Holdings Bhd's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

XKLS:7210' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.15   Med: 11.73   Max: 19.77
Current: 11.51

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of FM Global Logistics Holdings Bhd was 19.77%. The lowest was 5.15%. And the median was 11.73%.

XKLS:7210's Earnings Yield (Joel Greenblatt) % is ranked better than
70.98% of 996 companies
in the Transportation industry
Industry Median: 6.96 vs XKLS:7210: 11.51

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) %. FM Global Logistics Holdings Bhd's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2024 was 31.93%. 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.


FM Global Logistics Holdings Bhd Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for FM Global Logistics 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.

FM Global Logistics Holdings Bhd Earnings Yield (Joel Greenblatt) % Chart

FM Global Logistics Holdings Bhd Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.25 9.78 17.30 19.01 10.86

FM Global Logistics Holdings Bhd Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.01 17.42 12.85 11.67 10.86

Competitive Comparison of FM Global Logistics Holdings Bhd's Earnings Yield (Joel Greenblatt) %

For the Integrated Freight & Logistics subindustry, FM Global Logistics 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.


FM Global Logistics Holdings Bhd's Earnings Yield (Joel Greenblatt) % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, FM Global Logistics Holdings Bhd's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where FM Global Logistics Holdings Bhd's Earnings Yield (Joel Greenblatt) % falls into.



FM Global Logistics 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.

FM Global Logistics Holdings Bhds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2024 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=54.689/503.94845
=10.85 %

FM Global Logistics Holdings Bhd's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM54.7 Mil.



FM Global Logistics Holdings Bhd  (XKLS:7210) 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.


FM Global Logistics Holdings Bhd Earnings Yield (Joel Greenblatt) % Related Terms

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FM Global Logistics Holdings Bhd Business Description

Traded in Other Exchanges
N/A
Address
Lot 37, Lebuh Sultan Mohamed 1, Wisma Freight Management, Kawasan Perindustrian Bandar Sultan Suleiman, Port Klang, SGR, MYS, 42000
FM Global Logistics Holdings Bhd is a provider of international freight services that include sea, land, air and tug and barge. The company's segments include Malaysia, Australia, Indonesia, Thailand, Vietnam, India, and the United States of America. It derives a majority of its revenue from Malaysia.

FM Global Logistics Holdings Bhd Headlines

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