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SKF AB (FRA:SKFB) 5-Year Yield-on-Cost % : 4.67 (As of Apr. 29, 2024)


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What is SKF AB 5-Year Yield-on-Cost %?

SKF AB's yield on cost for the quarter that ended in Mar. 2024 was 4.67.


The historical rank and industry rank for SKF AB's 5-Year Yield-on-Cost % or its related term are showing as below:

FRA:SKFB' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.66   Med: 4.71   Max: 9.63
Current: 4.67


During the past 13 years, SKF AB's highest Yield on Cost was 9.63. The lowest was 1.66. And the median was 4.71.


FRA:SKFB's 5-Year Yield-on-Cost % is ranked better than
78.24% of 1852 companies
in the Industrial Products industry
Industry Median: 2.07 vs FRA:SKFB: 4.67

Competitive Comparison of SKF AB's 5-Year Yield-on-Cost %

For the Tools & Accessories subindustry, SKF AB's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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.


SKF AB's 5-Year Yield-on-Cost % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, SKF AB's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where SKF AB's 5-Year Yield-on-Cost % falls into.



SKF AB 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of SKF AB is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

SKF AB  (FRA:SKFB) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.


SKF AB 5-Year Yield-on-Cost % Related Terms

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SKF AB (FRA:SKFB) Business Description

Address
Sven Wingquists Gata 2, Gothenburg, SWE, SE-415 50
SKF's history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world's ball bearings. However, most of them have sector niches as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, which has a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.

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