Tiger Brands's Enterprise Value for the quarter that ended in Sep. 2023 was $1,349 Mil.
Tiger Brands's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was $202 Mil. Tiger Brands's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 14.77%.
The historical rank and industry rank for Tiger Brands's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TBLMY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.85 Med: 8.18 Max: 22.14
Current: 11.64
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Tiger Brands was 22.14%. The lowest was 4.85%. And the median was 8.18%.
TBLMY's Earnings Yield (Joel Greenblatt) % is ranked better than 80.53% of 1941
companies
in the Consumer Packaged Goods industry
Industry Median: 5.05
vs TBLMY: 11.64
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) %. Tiger Brands's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2023 was 0.74%. 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.
Tiger Brands Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Tiger Brands'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.
Tiger Brands Annual Data
Trend
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Earnings Yield (Joel Greenblatt) %
14.53
6.92
7.49
14.66
14.77
Tiger Brands Semi-Annual Data
Mar14
Sep14
Mar15
Sep15
Mar16
Sep16
Mar17
Sep17
Mar18
Sep18
Mar19
Sep19
Mar20
Sep20
Mar21
Sep21
Mar22
Sep22
Mar23
Sep23
Earnings Yield (Joel Greenblatt) %
7.49
-
14.66
-
14.77
Competitive Comparison
For the Packaged Foods subindustry, Tiger Brands'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.
Tiger Brands Earnings Yield (Joel Greenblatt) % Distribution
For the Consumer Packaged Goods industry and Consumer Defensive sector, Tiger Brands's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tiger Brands'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.
Tiger Brandss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2023 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
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.
Tiger Brands Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Tiger Brands's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tiger Brands Ltd is an African manufacturer of branded food, home-care, and personal-care products. Present in 22 African countries, the company also has global distribution in the rest of the world: Germany, the United Kingdom, Sweden, Ireland, Canada, Sweden, the Philippines, Singapore, and Taiwan, among others. The product offering includes perishables, personal-care products, home-care products, snacks, baby care, beverages, grains, groceries, and out-of-home meals. The company reports under the following segments: grains, consumer brands, Home, Personal Care and Baby (HPCB), and export and international. The Grains segment is the largest segment. Some of the best-known brands are Oros, Hall's, Rose's, Ace, Albany, Purity, Ice Cap, Hugo's, and All Good.
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