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Sucro (TSXV:SUG) Earnings Yield (Joel Greenblatt) % : 15.13% (As of Mar. 2024)


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What is Sucro Earnings Yield (Joel Greenblatt) %?

Sucro's Enterprise Value for the quarter that ended in Mar. 2024 was C$532.7 Mil. Sucro's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was C$80.5 Mil. Sucro's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 15.13%.

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

TSXV:SUG' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.17   Med: 11.81   Max: 15.73
Current: 14.84

During the past 3 years, the highest Earnings Yield (Joel Greenblatt) of Sucro was 15.73%. The lowest was -0.17%. And the median was 11.81%.

TSXV:SUG's Earnings Yield (Joel Greenblatt) % is ranked better than
87.05% of 1953 companies
in the Consumer Packaged Goods industry
Industry Median: 5.18 vs TSXV:SUG: 14.84

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) %. Sucro'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.


Sucro Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Sucro'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.

Sucro Earnings Yield (Joel Greenblatt) % Chart

Sucro Annual Data
Trend Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
- - 10.95

Sucro Quarterly Data
Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial - - - 10.95 15.13

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

For the Confectioners subindustry, Sucro'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.


Sucro's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Sucro's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Sucro 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.

Sucros Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=65.991/602.378
=10.96 %

Sucro'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 C$80.5 Mil.



Sucro  (TSXV:SUG) 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.


Sucro Earnings Yield (Joel Greenblatt) % Related Terms

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Sucro (TSXV:SUG) Business Description

Traded in Other Exchanges
N/A
Address
2020 Ponce de Leon Blvd, Suite 1204, Coral Gables, FL, USA, 33134
Sucro Ltd is a growth-oriented sugar company that operates throughout the Americas, with a primary focus on serving the North American sugar market. The Company operates a highly integrated and interconnected sugar supply business, utilizing the entire sugar supply chain to service its customer. The Company's operations are classified into two reportable business segments which is Trade and Services. The Trade segment is a business focusing on capturing profits through sourcing, merchandising, and managing logistics of sugar. The Company's asset-based services business provides tolling (refining, processing, handling, packaging, and quality assurance), storage, and other services primarily to the Trade segment.

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