What is ASTEEL Group Bhd Earnings Yield (Joel Greenblatt) %?
ASTEEL Group Bhd's Enterprise Value for the quarter that ended in Sep. 2024 was RM143.3 Mil.
ASTEEL Group Bhd's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 was RM1.0 Mil. ASTEEL Group Bhd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2024 was 0.73%.
The historical rank and industry rank for ASTEEL Group Bhd's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XKLS:7020'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8.43 Med: 1.25 Max: 12.09
Current: 0.78
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of ASTEEL Group Bhd was 12.09%. The lowest was -8.43%. And the median was 1.25%.
XKLS:7020's Earnings Yield (Joel Greenblatt) % is ranked worse than 73.46% of 648
companies
in the Steel industry
Industry Median: 5.665
vs XKLS:7020: 0.78
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) %. ASTEEL 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.
ASTEEL Group Bhd Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for ASTEEL 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.
ASTEEL Group Bhd Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of ASTEEL Group Bhd's Earnings Yield (Joel Greenblatt) %
For the Steel subindustry, ASTEEL 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.
ASTEEL Group Bhd's Earnings Yield (Joel Greenblatt) % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, ASTEEL Group Bhd's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ASTEEL Group Bhd's Earnings Yield (Joel Greenblatt) % falls into.
ASTEEL 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.
ASTEEL Group Bhds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
ASTEEL 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 RM1.0 Mil.
ASTEEL Group Bhd (XKLS:7020) 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.
ASTEEL Group Bhd Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of ASTEEL Group Bhd's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
ASTEEL Group Bhd operates integrated steel mills in East Malaysia, which is a wholly owned subsidiary of YKGI HOLDINGS BERHAD. ASTEEL specializes in steel roofing and structure design and building and focuses on the downstream industry for other building and construction materials. It is involved in the manufacturing of coated steel products and processing of metal roofing, wall cladding & fencing, metal floor decking, light gauge structural components, purlins, and framing systems under the brands ASTEEL and ASTAR. The firm operates in two segments: ARSB and STARSHINE. ARSB segment that derives the majority of revenue engages in manufacturing and selling coated steel products and downstream roofing products, trading of hardware and building materials in Sabah and Sarawak, East Malaysia.
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