What is Dairibord Holdings Earnings Yield (Joel Greenblatt) %?
Dairibord Holdings's Enterprise Value for the quarter that ended in Dec. 2022 was ZWL12,652 Mil.
Dairibord Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2022 was ZWL6,079 Mil. Dairibord Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2022 was 48.08%.
The historical rank and industry rank for Dairibord Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XZIM:DZL.ZW's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 5.02 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. Dairibord Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2022 was 21.86%. 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.
Dairibord Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Dairibord Holdings'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.
Competitive Comparison of Dairibord Holdings's Earnings Yield (Joel Greenblatt) %
For the Packaged Foods subindustry, Dairibord Holdings'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.
Dairibord Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Dairibord Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dairibord Holdings's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Dairibord Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 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.
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.
Dairibord Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Dairibord Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Dairibord Holdings (XZIM:DZL.ZW) Business Description
Dairibord Holdings Ltd manufactures, processes, markets, and distributes milk products, foods, and beverages in Zimbabwe. It operates through Manufacturing and Distribution (Zimbabwe), Corporate, and Properties segments. The company generates maximum revenue from the Manufacturing and Distribution segment. It offers various products, including liquid milk products, such as short and long shelf life, cultured, and cream milk products; food products comprising yoghurts, ice creams, cheese, ice cream cone shells, condiments, spreads, sauces, butter, and ghee; and beverages, which include cordials, ready to drink dairy and non-dairy beverages, teas, mineral water, juices, and drinking chocolate.
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