GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » FMC Corp (NYSE:FMC) » Definitions » Earnings Yield (Joel Greenblatt) %
中文

FMC (FMC) Earnings Yield (Joel Greenblatt) %

: 4.60% (As of Dec. 2023)
View and export this data going back to 1986. Start your Free Trial

FMC's Enterprise Value for the quarter that ended in Dec. 2023 was $11,691 Mil. FMC's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $537 Mil. FMC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 4.60%.

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

FMC' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.34   Med: 4.99   Max: 8.96
Current: 4.83

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of FMC was 8.96%. The lowest was -2.34%. And the median was 4.99%.

FMC's Earnings Yield (Joel Greenblatt) % is ranked worse than
51.76% of 255 companies
in the Agriculture industry
Industry Median: 4.97 vs FMC: 4.83

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) %. FMC's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 9.35%. 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.


FMC Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for FMC'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.

FMC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.09 4.97 6.18 6.14 4.60

FMC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 6.14 5.98 6.15 7.53 4.60

Competitive Comparison

For the Agricultural Inputs subindustry, FMC'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.


FMC Earnings Yield (Joel Greenblatt) % Distribution

For the Agriculture industry and Basic Materials sector, FMC's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where FMC's Earnings Yield (Joel Greenblatt) % falls into.



FMC 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.

FMCs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=537.4/11691.48105
=4.60 %

FMC'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 $537 Mil.



FMC  (NYSE:FMC) 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.


FMC Earnings Yield (Joel Greenblatt) % Related Terms

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


FMC (FMC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » FMC Corp (NYSE:FMC) » Definitions » Earnings Yield (Joel Greenblatt) %
Traded in Other Exchanges
Address
2929 Walnut Street, Philadelphia, PA, USA, 19104
FMC is a pure-play global crop protection company with a fairly balanced product portfolio across geographies and crop exposure. Through acquisitions, FMC is now one of the five largest patented crop protection companies and focuses on the development of new products, including biologicals, through its research and development pipeline.
Executives
Robert C Pallash director 17000 ROTUNDA DRIVE, DEARBORN MI 48120
Jacqueline Scanlan officer: Executive VP & Chief HRO HAEMONETICS CORPORATION, 400 WOOD ROAD, BRAINTREE MA 02184
Ronaldo Pereira officer: EVP, President, FMC Americas 1620 MONK RD, GLADWYNE PA 19035
Nicholas Pfeiffer officer: Corporate Controller 1735 MARKET STREET, PHILADELPHIA PA 19103
Patricia Verduin director ONE CONAGRA DRIVE, OMAHA NE 68102
Mark Douglas officer: Pres., Agricultural Solutions ROHM AND HAAS COMPANY, 100 INDEPENDENCE MALL WEST, PHILADELPHIA PA 19106
Vsevolod Rostovtsev officer: VP & Chief Technology Officer 909 TWYCKENHAM ROAD, MEDIA PA 19063
Andrew D Sandifer officer: EVP and CFO FMC CORPORATION, 2929 WALNUT STREET, PHILADELPHIA PA 19104
Michael Finian Reilly officer: EVP, General Counsel & Sec. FMC CORPORATION, 2929 WALNUT STREET, PHILADELPHIA PA 19104
Kathy Lynn Fortmann director INTERNATIONAL FLAVORS & FRAGRANCES INC., 521 WEST 57TH STREET, NEW YORK NY 10019
Kathleen Shelton officer: EVP, Chief Technology Officer 630 UNIVERSITY PLACE, SWARTHMORE PA 19081
Diane Allemang officer: EVP & Chief Marketing Officer 1615 NORTH CLEVELAND STREET, ARLINGTON VA 22201
Carol Anthony Davidson director
Eduardo E Cordeiro director C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Volpe Vincent R Jr director C/O DRESSER-RAND GROUP INC, PAUL CLARK DRIVE, OLEAN NY 14760

FMC (FMC) Headlines

From GuruFocus

Q2 2022 FMC Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q1 2022 FMC Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2021 FMC Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2021 FMC Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2023 FMC Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024