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Screen Holdings Co (TSE:7735) Earnings Yield (Joel Greenblatt) % : 5.42% (As of Mar. 2024)


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What is Screen Holdings Co Earnings Yield (Joel Greenblatt) %?

Screen Holdings Co's Enterprise Value for the quarter that ended in Mar. 2024 was 円1,740,579 Mil. Screen Holdings Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was 円94,355 Mil. Screen Holdings Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 5.42%.

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

TSE:7735' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.6   Med: 8.69   Max: 28.62
Current: 7.1

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Screen Holdings Co was 28.62%. The lowest was -3.60%. And the median was 8.69%.

TSE:7735's Earnings Yield (Joel Greenblatt) % is ranked better than
80.52% of 996 companies
in the Semiconductors industry
Industry Median: 2.03 vs TSE:7735: 7.10

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) %. Screen Holdings Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 22.16%. 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.


Screen Holdings Co Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Screen Holdings Co'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.

Screen Holdings Co Earnings Yield (Joel Greenblatt) % Chart

Screen Holdings Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.22 4.87 11.68 19.42 5.42

Screen Holdings Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 19.42 11.45 14.88 9.10 5.42

Competitive Comparison of Screen Holdings Co's Earnings Yield (Joel Greenblatt) %

For the Semiconductor Equipment & Materials subindustry, Screen Holdings Co'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.


Screen Holdings Co's Earnings Yield (Joel Greenblatt) % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Screen Holdings Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Screen Holdings Co's Earnings Yield (Joel Greenblatt) % falls into.



Screen Holdings Co 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.

Screen Holdings Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=94355/1740578.828
=5.42 %

Screen Holdings Co'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 円94,355 Mil.



Screen Holdings Co  (TSE:7735) 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.


Screen Holdings Co Earnings Yield (Joel Greenblatt) % Related Terms

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Screen Holdings Co (TSE:7735) Business Description

Industry
Traded in Other Exchanges
Address
Tenjinkita-machi 1-1, Teranouchi-agaru, 4-chome, Horikawa-dori, Kamigyo-ku, Kyoto, JPN, 602-8585
Screen Holdings Co Ltd operates in the Japanese semiconductor industry. The majority of its revenue is derived from the sale of semiconductor manufacturing equipment, which is part of its Semiconductor Equipment segment. Its other segments include Graphics and Precision Solutions, Fine Tech Solutions and Others. The Graphics segment is concerned with the sale of printing and printed circuit board related machinery. The Fine Tech Solutions (FT) segment provides flat panel display (FPD) manufacturing equipment and the Others segment is involved in the development and sale of software products. The company caters to the global market, with emphasis on the Asia and Oceania region.

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