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Ninety One (FRA:L91) Earnings Yield (Joel Greenblatt) % : -2.43% (As of Mar. 2024)


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What is Ninety One Earnings Yield (Joel Greenblatt) %?

Ninety One's Enterprise Value for the quarter that ended in Mar. 2024 was €-10,681.2 Mil. Ninety One's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was €257.0 Mil. Ninety One's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was -2.43%.

The historical rank and industry rank for Ninety One's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

FRA:L91' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.06   Med: -2.9   Max: -2.31
Current: -2.5

During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of Ninety One was -2.31%. The lowest was -4.06%. And the median was -2.90%.

FRA:L91's Earnings Yield (Joel Greenblatt) % is ranked better than
78.24% of 1714 companies
in the Asset Management industry
Industry Median: 0 vs FRA:L91: -2.50

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) %. Ninety One's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 33.42%. 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.


Ninety One Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Ninety One'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.

Ninety One Earnings Yield (Joel Greenblatt) % Chart

Ninety One Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial -3.59 -2.89 -3.07 -2.52 -2.43

Ninety One Semi-Annual Data
Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.07 - -2.52 - -2.43

Competitive Comparison of Ninety One's Earnings Yield (Joel Greenblatt) %

For the Asset Management subindustry, Ninety One'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.


Ninety One's Earnings Yield (Joel Greenblatt) % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ninety One's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Ninety One's Earnings Yield (Joel Greenblatt) % falls into.



Ninety One 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.

Ninety Ones Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=257.997/-10681.20569
=-2.42 %

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.



Ninety One  (FRA:L91) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Ninety One Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Ninety One's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Ninety One Business Description

Industry
Traded in Other Exchanges
Address
36 Hans Strijdom Avenue, Foreshore, Cape Town, WC, ZAF, 8001
Ninety One Ltd is an asset manager. The company provides a range of differentiated strategies managed by its specialist investment teams, providing access to a diverse range of asset classes and regions. It serves its client base via five regional teams namely Africa, the United Kingdom, Asia Pacific, the Americas and Europe and across two distribution channels Institutional and Advisor. Institutional clients include private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations and central banks, while Advisor clients include large retail groups, wealth managers, private banks and intermediaries serving individual investors.

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