What is Agrana Beteiligungs AG Earnings Yield (Joel Greenblatt) %?
Agrana Beteiligungs AG's Enterprise Value for the quarter that ended in Feb. 2024 was €1,550 Mil.
Agrana Beteiligungs AG's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was €138 Mil. Agrana Beteiligungs AG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was 8.70%.
The historical rank and industry rank for Agrana Beteiligungs AG's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
WBO:AGR'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -121.95 Med: 6.92 Max: 48.38
Current: 9.19
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Agrana Beteiligungs AG was 48.38%. The lowest was -121.95%. And the median was 6.92%.
WBO:AGR's Earnings Yield (Joel Greenblatt) % is ranked better than 71.48% of 1953
companies
in the Consumer Packaged Goods industry
Industry Median: 5.04
vs WBO:AGR: 9.19
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) %. Agrana Beteiligungs AG's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 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.
Agrana Beteiligungs AG Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Agrana Beteiligungs AG'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.
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Agrana Beteiligungs AG Earnings Yield (Joel Greenblatt) % Chart
For the Packaged Foods subindustry, Agrana Beteiligungs AG'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.
Agrana Beteiligungs AG's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Agrana Beteiligungs AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Agrana Beteiligungs AG's Earnings Yield (Joel Greenblatt) % falls into.
Agrana Beteiligungs AG 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.
Agrana Beteiligungs AGs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Feb. 2024 is calculated as
Agrana Beteiligungs AG's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €138 Mil.
Agrana Beteiligungs AG (WBO:AGR) 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.
Agrana Beteiligungs AG Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Agrana Beteiligungs AG's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Agrana Beteiligungs AG (WBO:AGR) Business Description
Agrana Beteiligungs AG is a processor of raw materials that manufactures foods and intermediate products for the downstream food industry as well as for non-food applications. The company operates in three segments Sugar, Starch, and Fruit. The Sugar segment processes sugar beet from contract growers and also refines raw sugar purchased. The Starch segment processes and refines raw materials grown by contract farmers or purchased in the open market mainly corn, wheat, and potatoes into premium starch products. The Fruit segment, which is the key revenue driver, custom designs and produces fruit preparations and fruit juice concentrates. The company derives its revenue from Austria, Hungary, Romania and Rest of Europe.
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