What is Alleima AB Earnings Yield (Joel Greenblatt) %?
Alleima AB's Enterprise Value for the quarter that ended in Mar. 2024 was $1,656 Mil.
Alleima AB's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $125 Mil. Alleima AB's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 7.51%.
The historical rank and industry rank for Alleima AB's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SAMHF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.28 Med: 17.52 Max: 32.4
Current: 7.56
During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of Alleima AB was 32.40%. The lowest was 7.28%. And the median was 17.52%.
SAMHF's Earnings Yield (Joel Greenblatt) % is ranked better than 55.82% of 636
companies
in the Steel industry
Industry Median: 6.815
vs SAMHF: 7.56
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) %. Alleima AB's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 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.
Alleima AB Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Alleima 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.
Alleima AB Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Alleima AB's Earnings Yield (Joel Greenblatt) %
For the Steel subindustry, Alleima 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.
Alleima AB's Earnings Yield (Joel Greenblatt) % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Alleima AB's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Alleima AB's Earnings Yield (Joel Greenblatt) % falls into.
Alleima 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.
Alleima ABs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Alleima AB's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $125 Mil.
Alleima AB (OTCPK:SAMHF) 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.
Alleima AB Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Alleima AB's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Alleima AB is a developer, manufacturer, and supplier of high-value-added products in advanced stainless steels and special alloys as well as products for industrial heating. The company's products are sold in approximately 90 countries across the globe. The company's offering includes products like seamless steel tubes for the energy, chemical, and aerospace industries, precision strip steel for white goods compressors, air conditioners and knife applications, based on more than 900 active alloy recipes.
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