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Cal-Maine Foods (Cal-Maine Foods) Earnings Yield (Joel Greenblatt) % : 16.53% (As of Feb. 2024)


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What is Cal-Maine Foods Earnings Yield (Joel Greenblatt) %?

Cal-Maine Foods's Enterprise Value for the quarter that ended in Feb. 2024 was $2,122 Mil. Cal-Maine Foods's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was $351 Mil. Cal-Maine Foods's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was 16.53%.

The historical rank and industry rank for Cal-Maine Foods's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

CALM' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.41   Med: 7.32   Max: 67.22
Current: 12.94

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Cal-Maine Foods was 67.22%. The lowest was -7.41%. And the median was 7.32%.

CALM's Earnings Yield (Joel Greenblatt) % is ranked better than
83.98% of 1947 companies
in the Consumer Packaged Goods industry
Industry Median: 4.99 vs CALM: 12.94

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) %. Cal-Maine Foods's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2024 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.


Cal-Maine Foods Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Cal-Maine Foods'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.

Cal-Maine Foods Earnings Yield (Joel Greenblatt) % Chart

Cal-Maine Foods Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.80 1.06 -0.63 7.69 59.52

Cal-Maine Foods Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 46.73 59.52 47.85 33.90 16.53

Competitive Comparison of Cal-Maine Foods's Earnings Yield (Joel Greenblatt) %

For the Farm Products subindustry, Cal-Maine Foods'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.


Cal-Maine Foods's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Cal-Maine Foods's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Cal-Maine Foods's Earnings Yield (Joel Greenblatt) % falls into.



Cal-Maine Foods 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.

Cal-Maine Foodss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in May. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=999.133/1679.7772
=59.48 %

Cal-Maine Foods's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $351 Mil.



Cal-Maine Foods  (NAS:CALM) 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.


Cal-Maine Foods Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Cal-Maine Foods's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Cal-Maine Foods (Cal-Maine Foods) Business Description

Traded in Other Exchanges
Address
1052 Highland Colony Parkway, Suite 200, Ridgeland, MS, USA, 39157
Cal-Maine Foods Inc produces and sells shell eggs. Its main market is the United States. The company's product portfolio contains nutritionally enhanced, cage-free, organic, and brown eggs. Cal-Maine Foods markets the shell eggs to a diverse group of customers, including grocery-store chains, club stores, and food service distributors. The company's brands are Egg-Land's, Land O' Lakes, Farmhouse, and 4-Grain. The Company has one reportable operating segment, which is the production, grading, packaging, marketing and distribution of shell eggs.
Executives
Charles Jeff Hardin officer: Vice President Marketing 3650 GUENTHER ROAD, LAGRANGE TX 78945
Michael Todd Walters officer: COO 1052 HIGHLAND COLONY PKWY, RIDGELAND MS 39157
Letitia Callender Hughes director 48 AVERY CIRCLE, JACKSON MS 39211
James E Poole director PO BOX 5167, JACKSON MS 39296
Matthew Samuel Glover officer: Vice President - Accounting 1052 HIGHLAND COLONY PKWY, RIDGELAND MS 39157
Camille S Young director 2992 WEST BEACH BLVD, GULFPORT MS 39501
Adolphus B Baker director, 10 percent owner, officer: Chairman, President & CEO P. O. BOX 2960, JACKSON MS 39207
Jean Morris Adams 10 percent owner 312 VIEWPOINTE PLACE, CLINTON MS 39056
Holladay Robert L Jr officer: VP - General Counsel 3320 W. WOODROW WILSON AVE, JACKSON MS 39209
Max P Bowman director, officer: Vice President, CFO, Sec/Treas 3320 W. WOODROW WILSON AVE., JACKSON MS 39209
Dlnl, Llc 10 percent owner 3320 W. WOODROW WILSON AVE., JACKSON MS 39209
Adams Fred R Jr 10 percent owner C/O CM FOODS, PO BOX 2960, JACKSON MS 39207
Steve W Sanders director 2 OAKLEIGH PLACE, JACKSON MS 39211
Michael D Castleberry officer: Vice President, Controller 3320 W. WOODROW WILSON AVE, JACKSON MS 39209
Timothy A Dawson director, officer: Vice President, CFO, Sec/Treas CAL-MAINE FOODS, INC., PO BOX 2960, JACKSON MS 39207