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Sectra AB (OSTO:SECT B) Earnings Yield (Joel Greenblatt) % : 0.96% (As of Oct. 2024)


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What is Sectra AB Earnings Yield (Joel Greenblatt) %?

Sectra AB's Enterprise Value for the quarter that ended in Oct. 2024 was kr53,991 Mil. Sectra AB's EBIT for the trailing twelve months (TTM) ended in Oct. 2024 was kr519 Mil. Sectra AB's Earnings Yield (Joel Greenblatt) for the quarter that ended in Oct. 2024 was 0.96%.

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

OSTO:SECT B' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.88   Med: 1.95   Max: 5.14
Current: 1

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Sectra AB was 5.14%. The lowest was 0.88%. And the median was 1.95%.

OSTO:SECT B's Earnings Yield (Joel Greenblatt) % is ranked better than
54.9% of 858 companies
in the Medical Devices & Instruments industry
Industry Median: 0 vs OSTO:SECT B: 1.00

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) %. Sectra AB's Forward Rate of Return (Yacktman) % for the quarter that ended in Oct. 2024 was 15.51%. 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.


Sectra AB Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Sectra AB'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.

Sectra AB Earnings Yield (Joel Greenblatt) % Chart

Sectra AB Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.92 1.53 1.70 1.59 1.34

Sectra AB Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.44 1.47 1.34 1.27 0.96

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

For the Medical Devices subindustry, Sectra AB'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.


Sectra AB's Earnings Yield (Joel Greenblatt) % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Sectra AB's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Sectra AB 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.

Sectra ABs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Apr. 2024 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=556.058/41459.7544
=1.34 %

Sectra AB's EBIT for the trailing twelve months (TTM) ended in Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr519 Mil.



Sectra AB  (OSTO:SECT B) 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.

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


Sectra AB Earnings Yield (Joel Greenblatt) % Related Terms

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Sectra AB Business Description

Traded in Other Exchanges
Address
Teknikringen 20, Linkoping, SWE, SE-583 30
Sectra AB develops IT solutions and services for storing, viewing, and working with medical images. The operating business segments are Imaging IT Solutions, Secure Communications, Business Innovation, and Other Operations. It generates maximum revenue from the Imaging IT Solutions segment. The company also offers maintenance in the form of support, system monitoring, and consulting services related to integration, system design, data migration, and business development. Geographically, it derives a majority of its revenue from Sweden and also has a presence in the Netherlands; North America; Australia/New Zealand; the United Kingdom, and the Rest of Europe.

Sectra AB Headlines

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