What is Marfrig Global Foods Earnings Yield (Joel Greenblatt) %?
Marfrig Global Foods's Enterprise Value for the quarter that ended in Dec. 2023 was $12,250 Mil.
Marfrig Global Foods's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $217 Mil. Marfrig Global Foods's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 1.42%.
The historical rank and industry rank for Marfrig Global Foods's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MRRTY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.66 Med: 4.63 Max: 36.48
Current: 1.84
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Marfrig Global Foods was 36.48%. The lowest was -2.66%. And the median was 4.63%.
MRRTY's Earnings Yield (Joel Greenblatt) % is ranked worse than 65.2% of 1951
companies
in the Consumer Packaged Goods industry
Industry Median: 4.86
vs MRRTY: 1.84
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) %. Marfrig Global Foods's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 109.62%. 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.
Marfrig Global Foods Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Marfrig Global Foods'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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Marfrig Global Foods Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Marfrig Global Foods's Earnings Yield (Joel Greenblatt) %
For the Packaged Foods subindustry, Marfrig Global Foods'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.
Marfrig Global Foods's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Marfrig Global Foods's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Marfrig Global Foods's Earnings Yield (Joel Greenblatt) % falls into.
Marfrig Global Foods 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.
Marfrig Global Foodss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Marfrig Global Foods's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $217 Mil.
Marfrig Global Foods (OTCPK:MRRTY) 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.
Marfrig Global Foods Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Marfrig Global Foods's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Marfrig Global Foods (Marfrig Global Foods) Business Description
Marfrig Global Foods SA is a Brazilian-based food processing company that produces, processes, and distributes meat and non-meat products. The company has operations worldwide, including in Brazil, Argentina, Chile, Uruguay, and the United States. The company's activities include production and processing of foods made from animal proteins as well as other products such as frozen vegetables and sauces. The company organizes itself into four main segments: Beef - North America, Beef - South America, Poultry, Pork and Processed Products - BRF and Corporate. The company earns more than half of its revenue through its operations in Beef - North America.
Marfrig Global Foods (Marfrig Global Foods) Headlines
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