What is Collins Foods Earnings Yield (Joel Greenblatt) %?
Collins Foods's Enterprise Value for the quarter that ended in Oct. 2023 was A$1,804 Mil.
Collins Foods's EBIT for the trailing twelve months (TTM) ended in Oct. 2023 was A$77 Mil. Collins Foods's Earnings Yield (Joel Greenblatt) for the quarter that ended in Oct. 2023 was 0.00%.
The historical rank and industry rank for Collins Foods's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ASX:CKF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.08 Med: 6.2 Max: 13.1
Current: 4.06
During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of Collins Foods was 13.10%. The lowest was 1.08%. And the median was 6.20%.
ASX:CKF's Earnings Yield (Joel Greenblatt) % is ranked better than 53.65% of 356
companies
in the Restaurants industry
Industry Median: 3.505
vs ASX:CKF: 4.06
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) %. Collins Foods's Forward Rate of Return (Yacktman) % for the quarter that ended in Oct. 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.
Collins Foods Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Collins Foods'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 Collins Foods's Earnings Yield (Joel Greenblatt) %
For the Restaurants subindustry, Collins Foods'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.
Collins Foods's Earnings Yield (Joel Greenblatt) % Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Collins Foods's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Collins Foods'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.
Collins Foodss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Apr. 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.
Collins Foods Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Collins Foods's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Collins Foods is an operator of quick service restaurants, or QSRs. It franchises restaurant brands from U.S.-listed Yum Brands, including KFC in Australia, Germany, and the Netherlands, as well as Taco Bell in Australia. Most of its revenue and earnings are generated in Australia, where Collins is the largest franchisee of KFC, ahead of Restaurant Brands New Zealand.In the Netherlands, Collins has signed a corporate franchise agreement, giving it more control over development and oversight of the Dutch franchisee network.Earnings growth is underpinned by its store network expansion, both new restaurants and acquisitions of existing sites. Competitive pricing is key to maintaining share in the QSR market, and the company has generally increased at or below consumer price index growth.
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