What is Cullinan Holdings Earnings Yield (Joel Greenblatt) %?
Cullinan Holdings's Enterprise Value for the quarter that ended in Sep. 2017 was R0.00 Mil.
Cullinan Holdings's EBIT for the trailing twelve months (TTM) ended in Sep. 2017 was R86.39 Mil. Cullinan Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2017 was 12.67%.
The historical rank and industry rank for Cullinan Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
JSE:CULP.PFD'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.9 Med: 7.4 Max: 99.4
Current: 10.05
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Cullinan Holdings was 99.40%. The lowest was 2.90%. And the median was 7.40%.
JSE:CULP.PFD's Earnings Yield (Joel Greenblatt) % is not ranked
in the Travel & Leisure industry.
Industry Median: 4.33
vs JSE:CULP.PFD: 10.05
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) %. Cullinan Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2017 was 11.55%. 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.
Cullinan Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Cullinan 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.
Competitive Comparison of Cullinan Holdings's Earnings Yield (Joel Greenblatt) %
For the Leisure subindustry, Cullinan 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.
Cullinan Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Cullinan Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Cullinan Holdings'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.
Cullinan Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2017 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.
Cullinan Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Cullinan Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Cullinan Holdings (JSE:CULP.PFD) Business Description
Cullinan Holdings Ltd is engaged in leisure business sector. The business of the company operates in segments that include Marine and Boating; which supplies marine and boating equipment to boat builders and wholesalers; Travel and Tourism, which provides outbound tours, inbound tours, and coaching and touring; Financial Services, which provides bridging finance primarily on property transfers, marine finance aimed at boat building; and Corporate Services, which focus on projects to support community development. The Travel and Tourism business segment generates maximum revenue for the company.
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