What is Yancoal Australia Earnings Yield (Joel Greenblatt) %?
Yancoal Australia's Enterprise Value for the quarter that ended in Dec. 2023 was A$5,287 Mil.
Yancoal Australia's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was A$2,626 Mil. Yancoal Australia's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 49.75%.
The historical rank and industry rank for Yancoal Australia's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ASX:YAL'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -20.02 Med: 4.92 Max: 146.24
Current: 41.84
During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of Yancoal Australia was 146.24%. The lowest was -20.02%. And the median was 4.92%.
ASX:YAL's Earnings Yield (Joel Greenblatt) % is ranked better than 92.47% of 186
companies
in the Other Energy Sources industry
Industry Median: 5.18
vs ASX:YAL: 41.84
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) %. Yancoal Australia'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.
Yancoal Australia Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Yancoal Australia'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.
Yancoal Australia Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Yancoal Australia's Earnings Yield (Joel Greenblatt) %
For the Thermal Coal subindustry, Yancoal Australia'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.
Yancoal Australia's Earnings Yield (Joel Greenblatt) % Distribution in the Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Yancoal Australia's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Yancoal Australia's Earnings Yield (Joel Greenblatt) % falls into.
Yancoal Australia 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.
Yancoal Australias Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 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.
Yancoal Australia (ASX:YAL) 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.
Yancoal Australia Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Yancoal Australia's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Yancoal Australia Ltd is involved in identifying, developing, and operating coal-related projects in Australia. It has a diversified product mix of metallurgical and thermal coal mines in New South Wales and Queensland. The company generates maximum revenue from the New South Wales segment. Non-operating items of the Group are presented in Corporate segment which includes administrative expenses, foreign exchange gains and losses recycled from hedge reserve, and elimination of intersegment transactions and other consolidation adjustments. It operates coal mines in the Hunter Valley and mid-Western region of New South Wales and open-cut mines in Queensland's Bowen Basin. The company's geographical markets include Japan, Singapore, China, South Korea, Taiwan, Thailand, and other countries.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ASX:YAL has been successfully added to your 