What is Frasers Commercial Trust Earnings Yield (Joel Greenblatt) %?
Frasers Commercial Trust's Enterprise Value for the quarter that ended in Dec. 2019 was S$0.00 Mil.
Frasers Commercial Trust's EBIT for the trailing twelve months (TTM) ended in Dec. 2019 was S$191.75 Mil. Frasers Commercial Trust's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2019 was 8.87%.
The historical rank and industry rank for Frasers Commercial Trust's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SGX:UP8'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.3 Med: 7.2 Max: 18
Current: 10.46
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Frasers Commercial Trust was 18.00%. The lowest was 2.30%. And the median was 7.20%.
SGX:UP8's Earnings Yield (Joel Greenblatt) % is not ranked
in the REITs industry.
Industry Median: 2.9
vs SGX:UP8: 10.46
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) %. Frasers Commercial Trust's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2019 was 15.49%. 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.
Frasers Commercial Trust Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Frasers Commercial Trust'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.
For the REIT - Office subindustry, Frasers Commercial Trust'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.
Frasers Commercial Trust's Earnings Yield (Joel Greenblatt) % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Frasers Commercial Trust's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Frasers Commercial Trust's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Frasers Commercial Trusts Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2019 is calculated as
Frasers Commercial Trust's EBIT for the trailing twelve months (TTM) ended in Dec. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was S$191.75 Mil.
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.
Frasers Commercial Trust Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Frasers Commercial Trust's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Frasers Commercial Trust (SGX:UP8) Business Description
Frasers Commercial Trust is an office and business park real estate investment trust with properties valued at around SGD 2.1 billion. The trust owns six properties: three in Australia, two in Singapore, and one in the United Kingdom. The trust wholly owns four of them, while Central Park and Farnborough Business Park are 50%-owned. Only two properties that the trust owns are located in the heart of a central business district. The trust is externally managed by Frasers Commercial Asset Management, and parent Frasers Property retains a 26% stake.
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