What is Combined Motor Holdings Earnings Yield (Joel Greenblatt) %?
Combined Motor Holdings's Enterprise Value for the quarter that ended in Feb. 2024 was R2,994 Mil.
Combined Motor Holdings's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was R837 Mil. Combined Motor Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was 27.93%.
The historical rank and industry rank for Combined Motor Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
JSE:CMH'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.74 Med: 20.26 Max: 34.24
Current: 27.32
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Combined Motor Holdings was 34.24%. The lowest was 13.74%. And the median was 20.26%.
JSE:CMH's Earnings Yield (Joel Greenblatt) % is ranked better than 92.71% of 1317
companies
in the Vehicles & Parts industry
Industry Median: 6.08
vs JSE:CMH: 27.32
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) %. Combined Motor Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2024 was 36.29%. 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.
Combined Motor Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Combined Motor Holdings'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.
Combined Motor Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Combined Motor Holdings's Earnings Yield (Joel Greenblatt) %
For the Auto & Truck Dealerships subindustry, Combined Motor Holdings'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.
Combined Motor Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Combined Motor Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Combined Motor Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Combined Motor Holdings 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.
Combined Motor Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Feb. 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.
Combined Motor Holdings (JSE:CMH) 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.
Combined Motor Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Combined Motor Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Combined Motor Holdings (JSE:CMH) Business Description
Combined Motor Holdings Ltd is a South Africa-based investment holding company. The company with its subsidiaries is primarily engaged in retail motor, car hire, and financial services. The company operates in four business segments namely Motor retail and distribution segment which comprises of retail motor dealerships of Volvo, Land Rover, Jaguar, Honda, Ford, Mazda, General Motors, Lexus, Mitsubishi, Volkswagen, Toyota, and Morris Garages, among others which also contributes a major part of revenue; Car Hire segment; Financial services segment and, Corporate services and others segment. The majority of its revenue is earned from the South African market.
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