Brickworks's Enterprise Value for the quarter that ended in Jan. 2024 was A$5,700 Mil.
Brickworks's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was A$-52 Mil. Brickworks's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was 0.00%.
The historical rank and industry rank for Brickworks's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ASX:BKW'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.97 Med: 8.65 Max: 31.72
Current: -0.97
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Brickworks was 31.72%. The lowest was -0.97%. And the median was 8.65%.
ASX:BKW's Earnings Yield (Joel Greenblatt) % is ranked worse than 82.78% of 389
companies
in the Building Materials industry
Industry Median: 5.72
vs ASX:BKW: -0.97
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) %. Brickworks's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 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.
Brickworks Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Brickworks'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.
Brickworks Annual Data
Trend
Jul14
Jul15
Jul16
Jul17
Jul18
Jul19
Jul20
Jul21
Jul22
Jul23
Earnings Yield (Joel Greenblatt) %
11.40
13.70
7.82
30.77
10.59
Brickworks Semi-Annual Data
Jul14
Jan15
Jul15
Jan16
Jul16
Jan17
Jul17
Jan18
Jul18
Jan19
Jul19
Jan20
Jul20
Jan21
Jul21
Jan22
Jul22
Jan23
Jul23
Jan24
Earnings Yield (Joel Greenblatt) %
-
30.77
-
10.59
-
Competitive Comparison
For the Building Materials subindustry, Brickworks'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.
Brickworks Earnings Yield (Joel Greenblatt) % Distribution
For the Building Materials industry and Basic Materials sector, Brickworks's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Brickworks'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.
Brickworkss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jul. 2023 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.
Brickworks Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Brickworks's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Brickworks is a conglomerate consisting of brickmaking operations, industrial property management, and a cross-shareholding in investment firm, Washington H. Soul Pattinson, or Soul Patts (ASX: SOL). Brickworks' operating business manufactures brick products for the Australian and North American markets. However, most earnings are from the property and investment segments. The property segment principally redevelops warehouses on industrial land, with joint venture partner narrow-moat Goodman Group. The investment segment represents a cross-shareholding in Soul Patts, an investment firm with a portfolio encompassing diversified investments, including large holdings in no-moat New Hope coal miner and narrow-moat TPG Telecom.
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