What is Mst Golf group Bhd Earnings Yield (Joel Greenblatt) %?
Mst Golf group Bhd's Enterprise Value for the quarter that ended in Dec. 2023 was RM444.1 Mil.
Mst Golf group Bhd's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was RM33.6 Mil. Mst Golf group Bhd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 7.55%.
The historical rank and industry rank for Mst Golf group Bhd's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XKLS:5316'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.86 Med: 8.74 Max: 10.32
Current: 8.9
During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of Mst Golf group Bhd was 10.32%. The lowest was 5.86%. And the median was 8.74%.
XKLS:5316's Earnings Yield (Joel Greenblatt) % is ranked better than 71.82% of 1118
companies
in the Retail - Cyclical industry
Industry Median: 4.64
vs XKLS:5316: 8.90
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) %. Mst Golf group Bhd's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.
Mst Golf group Bhd Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Mst Golf 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.
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Mst Golf group Bhd Earnings Yield (Joel Greenblatt) % Chart
Mst Golf group Bhd Annual Data
Trend
Dec19
Dec20
Dec21
Dec22
Dec23
Earnings Yield (Joel Greenblatt) %
-
-
-
-
7.55
Mst Golf group Bhd Semi-Annual Data
Dec19
Dec20
Dec21
Dec22
Dec23
Earnings Yield (Joel Greenblatt) %
-
-
-
-
7.55
Competitive Comparison of Mst Golf group Bhd's Earnings Yield (Joel Greenblatt) %
For the Specialty Retail subindustry, Mst Golf 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.
Mst Golf group Bhd's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Mst Golf group Bhd's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Mst Golf group Bhd's Earnings Yield (Joel Greenblatt) % falls into.
Mst Golf 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.
Mst Golf group Bhds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Mst Golf group Bhd (XKLS:5316) 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.
Mst Golf group Bhd Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Mst Golf group Bhd's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Mst Golf group Bhd (XKLS:5316) Business Description
Mst Golf group Bhd is principally an investment holding company whilst its Subsidiaries are principally engaged in the specialty retail and wholesale of golf equipment comprising golf clubs, golf balls and accessories and golf apparel in Malaysia and Singapore. In addition, the company also offers golf-related services including golf coaching, rental of golf equipment mainly golf clubs and golf accessories at its pro shops at golf and country clubs and supply of range balls for use at the driving range that it operates, event management and planning for golf tournament-related events as well as operating indoor golf centers.
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