What is Shin Yang Group Bhd Earnings Yield (Joel Greenblatt) %?
Shin Yang Group Bhd's Enterprise Value for the quarter that ended in Sep. 2024 was RM587.9 Mil.
Shin Yang Group Bhd's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 was RM138.7 Mil. Shin Yang Group Bhd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2024 was 23.58%.
The historical rank and industry rank for Shin Yang Group Bhd's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XKLS:5173'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -42.76 Med: 5.54 Max: 60.69
Current: 23.33
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Shin Yang Group Bhd was 60.69%. The lowest was -42.76%. And the median was 5.54%.
XKLS:5173's Earnings Yield (Joel Greenblatt) % is ranked better than 89.59% of 989
companies
in the Transportation industry
Industry Median: 7.34
vs XKLS:5173: 23.33
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) %. Shin Yang Group Bhd's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 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.
Shin Yang Group Bhd Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Shin Yang Group Bhd'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.
Shin Yang Group Bhd Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Shin Yang Group Bhd's Earnings Yield (Joel Greenblatt) %
For the Marine Shipping subindustry, Shin Yang Group Bhd'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.
Shin Yang Group Bhd's Earnings Yield (Joel Greenblatt) % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Shin Yang Group Bhd's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shin Yang Group Bhd's Earnings Yield (Joel Greenblatt) % falls into.
Shin Yang Group Bhd 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.
Shin Yang Group Bhds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2024 is calculated as
Shin Yang Group Bhd's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM138.7 Mil.
Shin Yang Group Bhd (XKLS:5173) 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.
Shin Yang Group Bhd Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Shin Yang Group Bhd's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Shin Yang Group Bhd formerly Shin Yang Shipping Corp Bhd is a shipping company engaged in shipbuilding and shipping services. Its business segments includes: shipping, ship repair and fabrication of metal structures segment; domestic and regional shipping segment which generates the majority of revenue, carries out shipping business in coastal and regional routes within Malaysia and the ASEAN region; International shipping segment; Land transportation and hiring services segment; Manufacturing, distribution and marketing of industrial gases, provision of services and maintenance and trading in welding equipment and machinery; and Others segment consist of the business of shipping agency. It operates in various countries like Malaysia, Singapore, Netherlands, Japan, Taiwan, and others.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKLS:5173 has been successfully added to your 