What is New Toyo International Holdings Earnings Yield (Joel Greenblatt) %?
New Toyo International Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was S$112.0 Mil.
New Toyo International Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was S$18.2 Mil. New Toyo International Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 16.21%.
The historical rank and industry rank for New Toyo International Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SGX:N08'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9.67 Med: 13.32 Max: 29.25
Current: 19.68
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of New Toyo International Holdings was 29.25%. The lowest was -9.67%. And the median was 13.32%.
SGX:N08's Earnings Yield (Joel Greenblatt) % is ranked better than 91.85% of 405
companies
in the Packaging & Containers industry
Industry Median: 5.38
vs SGX:N08: 19.68
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) %. New Toyo International Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 23.76%. 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.
New Toyo International Holdings Earnings Yield (Joel Greenblatt) % Historical Data
* 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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New Toyo International Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of New Toyo International Holdings's Earnings Yield (Joel Greenblatt) %
For the Packaging & Containers subindustry, New Toyo International 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.
New Toyo International Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, New Toyo International Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where New Toyo International Holdings's Earnings Yield (Joel Greenblatt) % falls into.
New Toyo International 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.
New Toyo International Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 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.
New Toyo International Holdings (SGX:N08) 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.
New Toyo International Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of New Toyo International Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
New Toyo International Holdings (SGX:N08) Business Description
New Toyo International Holdings Ltd along with its subsidiaries is engaged in printing and sale of paper packaging materials. Its operating segments include Specialty papers which manufacture and sell laminated aluminum paper products and other packaging products. Printed cartons and labels segment includes printing and sale of paper packaging materials. The trading segment includes the sale of raw materials, paper products, and equipment. Tissue paper segment manufactures and sells paper products. Investment holding segment includes Investing activities, including investment in properties. It generates the majority of the revenue from Specialty papers segment.
New Toyo International Holdings (SGX:N08) Headlines
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