What is National Tyre Services Earnings Yield (Joel Greenblatt) %?
National Tyre Services's Enterprise Value for the quarter that ended in Mar. 2024 was ZWL78,658 Mil.
National Tyre Services's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ZWL101,036 Mil. National Tyre Services's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 128.21%.
The historical rank and industry rank for National Tyre Services's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XZIM:NTS.ZW'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.09 Med: 45.19 Max: 227.63
Current: 185.19
During the past 10 years, the highest Earnings Yield (Joel Greenblatt) of National Tyre Services was 227.63%. The lowest was 2.09%. And the median was 45.19%.
XZIM:NTS.ZW's Earnings Yield (Joel Greenblatt) % is ranked better than 99.47% of 1323
companies
in the Vehicles & Parts industry
Industry Median: 5.39
vs XZIM:NTS.ZW: 185.19
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) %. National Tyre Services's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was -4.06%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five 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.
National Tyre Services Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for National Tyre Services'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.
National Tyre Services Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of National Tyre Services's Earnings Yield (Joel Greenblatt) %
For the Auto Parts subindustry, National Tyre Services'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.
National Tyre Services's Earnings Yield (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, National Tyre Services's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where National Tyre Services's Earnings Yield (Joel Greenblatt) % falls into.
National Tyre Services 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.
National Tyre Servicess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 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.
National Tyre Services (XZIM:NTS.ZW) 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.
National Tyre Services Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of National Tyre Services's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
National Tyre Services Ltd is engaged in reprocessing and the retailing of tyres. The company is a retailer of new tyres and tubes. In addition, its other activities include relugging of agriculture and earth moving tyres and the procurement of truck tyres for the Zimbabwe transport industry. The company's product consists of Dunlop, Bridgestone, Firestone, Yokohama, Pirelli, Bandag, Regal, and Comforser which offers passenger, sports utility vehicle, light truck, trucks, and bus, off-the-road, agriculture, application-specific and light truck tyres. The company has over 10 retail outlets situated throughout the country with over three being located in Harare.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XZIM:NTS.ZW has been successfully added to your 