What is Synlait Milk Earnings Yield (Joel Greenblatt) %?
Synlait Milk's Enterprise Value for the quarter that ended in Jan. 2024 was A$726 Mil.
Synlait Milk's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was A$-80 Mil. Synlait Milk's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was 0.00%.
The historical rank and industry rank for Synlait Milk's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ASX:SM1'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -12.36 Med: 5.6 Max: 11.15
Current: -12.36
During the past 7 years, the highest Earnings Yield (Joel Greenblatt) of Synlait Milk was 11.15%. The lowest was -12.36%. And the median was 5.60%.
ASX:SM1's Earnings Yield (Joel Greenblatt) % is ranked worse than 90.63% of 1943
companies
in the Consumer Packaged Goods industry
Industry Median: 4.91
vs ASX:SM1: -12.36
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) %. Synlait Milk'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.
Synlait Milk Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Synlait Milk'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 Synlait Milk's Earnings Yield (Joel Greenblatt) %
For the Packaged Foods subindustry, Synlait Milk'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.
Synlait Milk's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Synlait Milk's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Synlait Milk'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.
Synlait Milks 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.
Synlait Milk Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Synlait Milk's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Synlait Milk Ltd is a dairy processing company that benefits from a differentiated milk supply and unique operating environment in New Zealand. The business operates within one industry that includes the manufacture of milk powder and its related products, liquid milk, cheese, and butter. The company's success is largely due to its core infant nutrition business. Some of its key products include infant nutritional powders, whole milk powders, skim milk powders, anhydrous milk fat, and lactoferrin. The company is largely export-focused with China as its largest export market. The acquisition of two cheese companies resulted in an instant increase in the cheese segment and a more diversified earnings base.
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