FSA Group's Enterprise Value for the quarter that ended in Dec. 2023 was A$133.44 Mil.
FSA Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was A$52.71 Mil. FSA Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 0.00%.
The historical rank and industry rank for FSA Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ASX:FSA'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.92 Med: 7.28 Max: 45.05
Current: 44.82
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of FSA Group was 45.05%. The lowest was 5.92%. And the median was 7.28%.
ASX:FSA's Earnings Yield (Joel Greenblatt) % is ranked better than 98.12% of 532
companies
in the Credit Services industry
Industry Median: 0.875
vs ASX:FSA: 44.82
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) %. FSA Group'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.
FSA Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for FSA Group'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.
FSA Group Annual Data
Trend
Jun14
Jun15
Jun16
Jun17
Jun18
Jun19
Jun20
Jun21
Jun22
Jun23
Earnings Yield (Joel Greenblatt) %
7.27
6.88
7.31
6.03
7.00
FSA Group Semi-Annual Data
Jun14
Dec14
Jun15
Dec15
Jun16
Dec16
Jun17
Dec17
Jun18
Dec18
Jun19
Dec19
Jun20
Dec20
Jun21
Dec21
Jun22
Dec22
Jun23
Dec23
Earnings Yield (Joel Greenblatt) %
-
6.03
-
7.00
-
Competitive Comparison
For the Credit Services subindustry, FSA Group'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.
FSA Group Earnings Yield (Joel Greenblatt) % Distribution
For the Credit Services industry and Financial Services sector, FSA Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where FSA Group's Earnings Yield (Joel Greenblatt) % falls into.
FSA Group 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.
FSA Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 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.
FSA Group (ASX:FSA) 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.
FSA Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of FSA Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
FSA Group Ltd is an Australian company that provides credit services. It provides debt solutions and direct lending services to individuals and businesses. It has divided its business into Services and Consumer Lending. The services segment assists clients wishing to enter into a payment arrangement with their creditors, including informal arrangements, debt agreements, personal insolvency agreements and bankruptcy. The consumer lending segment provides home loans and personal loans to assist clients wishing to purchase a property or consolidate their debt or to purchase a motor vehicle and asset finance to SMEs wishing to purchase a vehicle and business?critical equipment. The company generates the majority of its revenue from Lending services.
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