What is Synutra International Earnings Yield (Joel Greenblatt) %?
Synutra International's Enterprise Value for the quarter that ended in Dec. 2016 was $774.3 Mil.
Synutra International's EBIT for the trailing twelve months (TTM) ended in Dec. 2016 was $24.0 Mil. Synutra International's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was 3.10%.
The historical rank and industry rank for Synutra International's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SYUT's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 4.965 * 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) %. Synutra International's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2016 was 11.78%. 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.
Synutra International Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Synutra International'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.
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Synutra International Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Synutra International's Earnings Yield (Joel Greenblatt) %
For the Packaged Foods subindustry, Synutra International'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.
Synutra International's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Synutra International's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Synutra International's Earnings Yield (Joel Greenblatt) % falls into.
Synutra International 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.
Synutra Internationals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2016 is calculated as
Synutra International's EBIT for the trailing twelve months (TTM) ended in Dec. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $24.0 Mil.
Synutra International (NAS:SYUT) 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.
Synutra International Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Synutra International's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Synutra International (Synutra International) Business Description
Synutra International Inc was formed on October 30, 1998. The Company is engaged in the production, distribution & sales of dairy based nutritional products under Shengyuan or Synutra line of brands in China. Its other nutritional product includes prepared foods, nutritional ingredients & supplements. It is focused on selling powdered formula products for infants and adults, and is also engaged in other nutritional product offerings, such as prepared foods and certain nutritional supplements. It sells the products through an extensive nationwide sales and distribution network covering all provinces and provincial-level municipalities in mainland China. It has three reportable segments; nutritional food, nutritional supplement and other business. The Nutritional Food segment includes the sale of powdered infant and adult formula products, with brands including Super, My Angel and Dutch Cow, as well as the sale of prepared foods under the Huiliduo brand; Nutritional Supplement: includes the production and sale of nutritional supplements such as chondroitin sulfate to third parties, and microencapsulated Docosahexanoic Acid ("DHA") and Arachidonic Acid ("ARA") to the nutritional food segment for use in powdered formula production; and Other Business includes non-core businesses such as ancillary sales of excess or unusable ingredients and materials to industrial customers, providing genetic diagnostic services for new born babies, and sales of cosmetics to pregnant women. Its business requires certain key raw materials, such as milk powder and whey powder. The Company competes with both multinational and domestic infant formula producers.
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