What is York Timber Holdings Earnings Yield (Joel Greenblatt) %?
York Timber Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was R1,118 Mil.
York Timber Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was R-399 Mil. York Timber Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 0.00%.
The historical rank and industry rank for York Timber Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
JSE:YRK'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -43.61 Med: 14.54 Max: 43.1
Current: -35.71
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of York Timber Holdings was 43.10%. The lowest was -43.61%. And the median was 14.54%.
JSE:YRK's Earnings Yield (Joel Greenblatt) % is ranked worse than 96.64% of 298
companies
in the Forest Products industry
Industry Median: 3.965
vs JSE:YRK: -35.71
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) %. York Timber Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.
York Timber Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for York Timber 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.
York Timber Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of York Timber Holdings's Earnings Yield (Joel Greenblatt) %
For the Lumber & Wood Production subindustry, York Timber 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.
York Timber Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, York Timber Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where York Timber Holdings's Earnings Yield (Joel Greenblatt) % falls into.
York Timber 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.
York Timber Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2023 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.
York Timber Holdings (JSE:YRK) 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.
York Timber Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of York Timber Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
York Timber Holdings (JSE:YRK) Business Description
York Timber Holdings Ltd is an integrated forestry company. The company's operating segment includes Processing plants; Wholesale, Forestry and Fleet and Agriculture. It generates maximum revenue from the Processing plants segment. The processing plants segment is divided into two divisions namely Sawmilling and Plywood. Geographically, it derives a majority of revenue from South Africa and also has a presence in the Southern Africa Development Community (SADC) and the United Kingdom, Belgium, China, and the United States of America.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
JSE:YRK has been successfully added to your 