What is Matba Rofex Sociedad Anonima Earnings Yield (Joel Greenblatt) %?
Matba Rofex Sociedad Anonima's Enterprise Value for the quarter that ended in Dec. 2023 was ARS-84,265 Mil.
Matba Rofex Sociedad Anonima's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was ARS15,835 Mil. Matba Rofex Sociedad Anonima's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -18.80%.
The historical rank and industry rank for Matba Rofex Sociedad Anonima's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BUE:MTR'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -417.67 Med: 2.23 Max: 116.08
Current: -18.8
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Matba Rofex Sociedad Anonima was 116.08%. The lowest was -417.67%. And the median was 2.23%.
BUE:MTR's Earnings Yield (Joel Greenblatt) % is not ranked
in the Capital Markets industry.
Industry Median: 2.425
vs BUE:MTR: -18.80
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) %. Matba Rofex Sociedad Anonima's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 30.51%. 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.
The historical data trend for Matba Rofex Sociedad Anonima'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.
For the Financial Data & Stock Exchanges subindustry, Matba Rofex Sociedad Anonima'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.
Matba Rofex Sociedad Anonima's Earnings Yield (Joel Greenblatt) % Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Matba Rofex Sociedad Anonima's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Matba Rofex Sociedad Anonima's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Matba Rofex Sociedad Anonimas Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2023 is calculated as
Matba Rofex Sociedad Anonima'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 ARS15,835 Mil.
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.
Thank you for viewing the detailed overview of Matba Rofex Sociedad Anonima's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Matba Rofex Sociedad Anonima (BUE:MTR) Business Description
Matba Rofex Sociedad Anonima is an agricultural futures and options Exchange in Latin America. Approximately, more than 75 members trade futures and options contracts on agricultural commodities using the open outcry system or company's electronic platform. The company registers, guarantees, clears and settles every contract traded at the Exchange. It also offers through Fundación MATba a large number of educational and training programs. These programs cover a range of topics involving derivatives, strategies and back office administration, among others.
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