iOCO (JSE:IOC) Earnings Yield (Joel Greenblatt) % : 6.08% (As of Jul. 2024)

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What is iOCO Earnings Yield (Joel Greenblatt) %?

iOCO's Enterprise Value for the quarter that ended in Jul. 2024 was R714 Mil. iOCO's EBIT for the trailing twelve months (TTM) ended in Jul. 2024 was R43 Mil. iOCO's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jul. 2024 was 6.08%.

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

JSE:IOC' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -89601.9 Med: -2.16 Max: 18547.54
Current: 3.53

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of iOCO was 18547.54%. The lowest was -89601.90%. And the median was -2.16%.

JSE:IOC's Earnings Yield (Joel Greenblatt) % is ranked better than
63.16% of 2850 companies
in the Software industry
Industry Median: 1.305 vs JSE:IOC: 3.53

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) %. iOCO'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.

iOCO Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for iOCO'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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iOCO Earnings Yield (Joel Greenblatt) % Chart

iOCO Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Earnings Yield (Joel Greenblatt) %

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-357.14

-36.63

-11.56

-1.16

6.08

iOCO Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															-11.56	-	-1.16	-	6.08

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

For the Information Technology Services subindustry, iOCO'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.

iOCO's Earnings Yield (Joel Greenblatt) % Distribution in the Software Industry

For the Software industry and Technology sector, iOCO's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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

iOCO 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.

iOCOs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jul. 2024 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	43.38	/	714.04788
	=	6.08 %

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.

iOCO (JSE:IOC) 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

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

iOCO Earnings Yield (Joel Greenblatt) % Related Terms

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iOCO Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » iOCO Ltd (JSE:IOC) » Definitions » Earnings Yield (Joel Greenblatt) %

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Traded in Other Exchanges

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Address

164 Katherine Street, 1st Floor, Block E, Pinmill Farm, Sandton, GT, ZAF, 2148

Website

https://www.eoh.co.za

EOH Holdings Ltd is a South Africa-based firm offering IT services, software, IT infrastructure, industrial technologies, and outsourcing services. The company operates through three segments. iOCO segment consists of the Information and Communications Technology (ICT) operations in South Africa and internationally. NEXTEC segment consists of Industrial Technologies and Business Process Outsourcing. IP segment comprises proprietary software and solutions for customers.