Hindustan Zinc's Enterprise Value for the quarter that ended in Mar. 2024 was ₹1,225,869 Mil.
Hindustan Zinc's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₹112,620 Mil. Hindustan Zinc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 0.00%.
The historical rank and industry rank for Hindustan Zinc's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BOM:500188'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.28 Med: 11.44 Max: 41.83
Current: 6.95
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Hindustan Zinc was 41.83%. The lowest was 6.28%. And the median was 11.44%.
BOM:500188's Earnings Yield (Joel Greenblatt) % is ranked better than 89.89% of 2671
companies
in the Metals & Mining industry
Industry Median: -12.25
vs BOM:500188: 6.95
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) %. Hindustan Zinc's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 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.
Hindustan Zinc Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Hindustan Zinc'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.
Hindustan Zinc Annual Data
Trend
Mar15
Mar16
Mar17
Mar18
Mar19
Mar20
Mar21
Mar22
Mar23
Mar24
Earnings Yield (Joel Greenblatt) %
19.27
10.45
11.43
12.33
9.19
Hindustan Zinc Quarterly Data
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Mar24
Earnings Yield (Joel Greenblatt) %
12.33
10.58
9.36
8.90
-
Competitive Comparison
For the Other Industrial Metals & Mining subindustry, Hindustan Zinc'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.
Hindustan Zinc Earnings Yield (Joel Greenblatt) % Distribution
For the Metals & Mining industry and Basic Materials sector, Hindustan Zinc's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hindustan Zinc'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.
Hindustan Zincs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Hindustan Zinc's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹112,620 Mil.
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.
Hindustan Zinc Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Hindustan Zinc's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Hindustan Zinc Ltd is engaged in exploring, extracting, processing minerals, and manufacturing metals. The company is focused on mining and smelting zinc, Lead, and silver and also power generation through captive power plants and wind power plants. The company produces products under the brand name HZL and Vedanta. The segments of the company include Zinc, Lead, Silver, and others; and Wind energy. The company generates the majority of its revenues through Zinc, Lead, silver, and other segments. The company has a business presence in India, Asia, and the Rest of the World of which India derives a majority of the revenue.
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