What is Kaiser Aluminum Earnings Yield (Joel Greenblatt) %?
Kaiser Aluminum's Enterprise Value for the quarter that ended in Dec. 2023 was $2,137 Mil.
Kaiser Aluminum's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $100 Mil. Kaiser Aluminum's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 4.69%.
The historical rank and industry rank for Kaiser Aluminum's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
KALU'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -25.22 Med: 7.49 Max: 13.86
Current: 4.12
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Kaiser Aluminum was 13.86%. The lowest was -25.22%. And the median was 7.49%.
KALU's Earnings Yield (Joel Greenblatt) % is ranked better than 85.69% of 2669
companies
in the Metals & Mining industry
Industry Median: -12.16
vs KALU: 4.12
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) %. Kaiser Aluminum's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 1.60%. 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.
Kaiser Aluminum Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Kaiser Aluminum'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.
Kaiser Aluminum Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Kaiser Aluminum's Earnings Yield (Joel Greenblatt) %
For the Aluminum subindustry, Kaiser Aluminum'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.
Kaiser Aluminum's Earnings Yield (Joel Greenblatt) % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kaiser Aluminum's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kaiser Aluminum's Earnings Yield (Joel Greenblatt) % falls into.
Kaiser Aluminum 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.
Kaiser Aluminums Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Kaiser Aluminum'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 $100 Mil.
Kaiser Aluminum (NAS:KALU) 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.
Kaiser Aluminum Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Kaiser Aluminum's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kaiser Aluminum (Kaiser Aluminum) Business Description
Kaiser Aluminum Corp produces and sells semi-fabricated specialty aluminum products primarily to industrial customers. The company purchases primary and scrap aluminum, primarily from its five largest suppliers, and processes it into specialized value-added products. It hedges its aluminum costs in an attempt to match commodity price changes between the time it purchases the raw materials and sells the finished products. Kaiser produces high-strength aluminum products for the aerospace industry, specialized aluminum extrusions for the automotive industry, and also sells products to customers in the general engineering industry. Nearly all of Kaiser's revenue is generated in the US, with the remainder coming from Canada. The company's operations are also located in the U.S. and Canada.
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