What is Bowler Metcalf Earnings Yield (Joel Greenblatt) %?
Bowler Metcalf's Enterprise Value for the quarter that ended in Jun. 2024 was R530.8 Mil.
Bowler Metcalf's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 was R146.5 Mil. Bowler Metcalf's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2024 was 27.62%.
The historical rank and industry rank for Bowler Metcalf's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
JSE:BCF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.49 Med: 22.68 Max: 78.21
Current: 21.9
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Bowler Metcalf was 78.21%. The lowest was 12.49%. And the median was 22.68%.
JSE:BCF's Earnings Yield (Joel Greenblatt) % is ranked better than 90.65% of 417
companies
in the Packaging & Containers industry
Industry Median: 4.79
vs JSE:BCF: 21.90
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) %. Bowler Metcalf's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2024 was 5.94%. 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.
Bowler Metcalf Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Bowler Metcalf'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.
Competitive Comparison of Bowler Metcalf's Earnings Yield (Joel Greenblatt) %
For the Packaging & Containers subindustry, Bowler Metcalf'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.
Bowler Metcalf's Earnings Yield (Joel Greenblatt) % Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Bowler Metcalf's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bowler Metcalf'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.
Bowler Metcalfs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2024 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.
Bowler Metcalf Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Bowler Metcalf's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Bowler Metcalf Ltd is engaged in the business of containers and packaging. The company's operating segment includes Plastic Packaging and Property Investment. It generates maximum revenue from the Plastic Packaging segment. The plastics division specializes in the manufacture of rigid plastic packaging for the toiletry, cosmetic, household, pharmaceutical, and food markets. Its mode of manufacture comprises injection and blow molding, extrusion and injection stretch blow molding.
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