What is Bonia Bhd Earnings Yield (Joel Greenblatt) %?
Bonia Bhd's Enterprise Value for the quarter that ended in Mar. 2024 was RM445.7 Mil.
Bonia Bhd's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was RM70.2 Mil. Bonia Bhd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 15.75%.
The historical rank and industry rank for Bonia Bhd's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XKLS:9288'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.96 Med: 11.53 Max: 33.65
Current: 19.31
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Bonia Bhd was 33.65%. The lowest was 5.96%. And the median was 11.53%.
XKLS:9288's Earnings Yield (Joel Greenblatt) % is ranked better than 90.46% of 1090
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.97
vs XKLS:9288: 19.31
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) %. Bonia Bhd's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 35.61%. 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.
Bonia Bhd Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Bonia 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.
Bonia Bhd Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Bonia Bhd's Earnings Yield (Joel Greenblatt) %
For the Footwear & Accessories subindustry, Bonia 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.
Bonia Bhd's Earnings Yield (Joel Greenblatt) % Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bonia Bhd's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bonia Bhd's Earnings Yield (Joel Greenblatt) % falls into.
Bonia 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.
Bonia Bhds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2023 is calculated as
Bonia Bhd'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 RM70.2 Mil.
Bonia Bhd (XKLS:9288) 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.
Bonia Bhd Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Bonia Bhd's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Bonia Corp Bhd is principally engaged in product design, manufacture, promotion, marketing, distribution, wholesale, and retail of luxury leatherwear, footwear, apparel, accessories, and eyewear for both men and women under its in-house brands as well as other international licensed brands. It operates through the following segments: Retailing which designs, promotes, and markets fashionable apparels, footwear, accessories, and leather goods; Manufacturing segment which manufactures and markets fashionable leather goods; and Investment and property development which engages in rental and development of commercial properties. The company's operations are located in Malaysia and Singapore, with offices in Indonesia and Vietnam as well.
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