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ESG Emirates Stallions Group PJSC (ADX:ESG) Earnings Yield (Joel Greenblatt) %

: 33.44% (As of Dec. 2023)
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ESG Emirates Stallions Group PJSC's Enterprise Value for the quarter that ended in Dec. 2023 was د.إ2,047.1 Mil. ESG Emirates Stallions Group PJSC's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was د.إ1,220.9 Mil. ESG Emirates Stallions Group PJSC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 33.44%.

The historical rank and industry rank for ESG Emirates Stallions Group PJSC's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

ADX:ESG' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.6   Med: 14   Max: 71.08
Current: 42.23

During the past 4 years, the highest Earnings Yield (Joel Greenblatt) of ESG Emirates Stallions Group PJSC was 71.08%. The lowest was 5.60%. And the median was 14.00%.

ADX:ESG's Earnings Yield (Joel Greenblatt) % is ranked better than
94.39% of 1677 companies
in the Construction industry
Industry Median: 6.41 vs ADX:ESG: 42.23

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) %. ESG Emirates Stallions Group PJSC'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.


ESG Emirates Stallions Group PJSC Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for ESG Emirates Stallions Group PJSC'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.

ESG Emirates Stallions Group PJSC Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
- - 7.94 33.44

ESG Emirates Stallions Group PJSC Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.88 7.94 58.48 57.47 33.44

Competitive Comparison

For the Engineering & Construction subindustry, ESG Emirates Stallions Group PJSC'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.


ESG Emirates Stallions Group PJSC Earnings Yield (Joel Greenblatt) % Distribution

For the Construction industry and Industrials sector, ESG Emirates Stallions Group PJSC's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where ESG Emirates Stallions Group PJSC's Earnings Yield (Joel Greenblatt) % falls into.



ESG Emirates Stallions Group PJSC 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.

ESG Emirates Stallions Group PJSCs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=684.514/2047.146
=33.44 %

ESG Emirates Stallions Group PJSC's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ1,220.9 Mil.



ESG Emirates Stallions Group PJSC  (ADX:ESG) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


ESG Emirates Stallions Group PJSC Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of ESG Emirates Stallions Group PJSC's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


ESG Emirates Stallions Group PJSC (ADX:ESG) Business Description

Traded in Other Exchanges
N/A
Address
Emirates Stallions Group, The Royal Group Building, PO Box 63811, 5th Floor, Abu Dhabi, ARE
ESG Emirates Stallions Group PJSC main activities are buying, selling, and dividing plots and real estates, management and leasing of real estate and developing real estate, management services of companies and private institutions, performing technical, commercial, and contracting services. The operating segments of company are Contracting & consultancy, Landscaping & Business process/manpower outsourcing.

ESG Emirates Stallions Group PJSC (ADX:ESG) Headlines