The historical rank and industry rank for Siliconware Precision Industries Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SPIL's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Semiconductors industry.
Industry Median: 2.02 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. Siliconware Precision Industries Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2018 was 7.50%. 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.
Siliconware Precision Industries Co Earnings Yield (Joel Greenblatt) % Historical Data
* 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.
Siliconware Precision Industries Co Earnings Yield (Joel Greenblatt) % Chart
For the Semiconductors subindustry, Siliconware Precision Industries Co'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.
Siliconware Precision Industries Co's Earnings Yield (Joel Greenblatt) % Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Siliconware Precision Industries Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Siliconware Precision Industries Co's Earnings Yield (Joel Greenblatt) % falls into.
Siliconware Precision Industries Co 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.
Siliconware Precision Industries Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $276 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.
Siliconware Precision Industries Co Earnings Yield (Joel Greenblatt) % Related Terms
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Siliconware Precision Industries Co (Siliconware Precision Industries Co) Business Description
Siliconware Precision Industries is a leading subcontractor of outsourced assembly and testing services for the semiconductor industry. The company was founded in Taiwan in 1984 and went public in the U.S. through the issuance of ADRs in 2000. Its cost management, disciplined capital spending, and strong balance sheet have set it apart from most of its peers.
Siliconware Precision Industries Co (Siliconware Precision Industries Co) Headlines
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