What is Del Monte Pacific Earnings Yield (Joel Greenblatt) %?
Del Monte Pacific's Enterprise Value for the quarter that ended in Jul. 2024 was €2,356 Mil.
Del Monte Pacific's EBIT for the trailing twelve months (TTM) ended in Jul. 2024 was €33 Mil. Del Monte Pacific's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jul. 2024 was 1.37%.
The historical rank and industry rank for Del Monte Pacific's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:X0T'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.93 Med: 5.53 Max: 31.26
Current: 1.44
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Del Monte Pacific was 31.26%. The lowest was 0.93%. And the median was 5.53%.
FRA:X0T's Earnings Yield (Joel Greenblatt) % is ranked worse than 70.72% of 1964
companies
in the Consumer Packaged Goods industry
Industry Median: 5.27
vs FRA:X0T: 1.44
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) %. Del Monte Pacific's Forward Rate of Return (Yacktman) % for the quarter that ended in Jul. 2024 was 0.00%. 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.
Del Monte Pacific Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Del Monte Pacific'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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Del Monte Pacific Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Del Monte Pacific's Earnings Yield (Joel Greenblatt) %
For the Packaged Foods subindustry, Del Monte Pacific'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.
Del Monte Pacific's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Del Monte Pacific's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Del Monte Pacific's Earnings Yield (Joel Greenblatt) % falls into.
Del Monte Pacific 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.
Del Monte Pacifics Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Apr. 2024 is calculated as
Del Monte Pacific's EBIT for the trailing twelve months (TTM) ended in Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €33 Mil.
Del Monte Pacific (FRA:X0T) 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.
Del Monte Pacific Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Del Monte Pacific's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Del Monte Pacific Ltd is engaged in growing, processing, developing, manufacturing, marketing, distributing, and selling packaged fruits and vegetables, and other food products. The company operates through four divisions Packaged fruit and vegetable which includes the sale of processed fruit and vegetable products under the Del Monte and S&W brands; the Beverage segment includes the sale of pineapple juice in the can, tetra, and PET packaging, and pineapple juice concentrate; Culinary segment includes sale of packaged tomato-based products such as ketchup, tomato sauce, pasta sauce, recipe sauce, pizza sauce, pasta and other; and Fresh fruit and others includes sale of S&W branded fresh pineapples in Asia Pacific. The majority of the company's revenue comes from the Americas.
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