The historical rank and industry rank for Randon Implementos E Participacoes's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BSP:RAPT3'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.39 Med: 16.2 Max: 50.65
Current: 29.89
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Randon Implementos E Participacoes was 50.65%. The lowest was 5.39%. And the median was 16.20%.
BSP:RAPT3's Earnings Yield (Joel Greenblatt) % is ranked better than 95.71% of 210
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 7.05
vs BSP:RAPT3: 29.89
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) %. Randon Implementos E Participacoes's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 37.43%. 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.
Randon Implementos E Participacoes Earnings Yield (Joel Greenblatt) % Historical Data
* 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.
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Randon Implementos E Participacoes Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Randon Implementos E Participacoes's Earnings Yield (Joel Greenblatt) %
For the Farm & Heavy Construction Machinery subindustry, Randon Implementos E Participacoes'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.
Randon Implementos E Participacoes's Earnings Yield (Joel Greenblatt) % Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Randon Implementos E Participacoes's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Randon Implementos E Participacoes's Earnings Yield (Joel Greenblatt) % falls into.
Randon Implementos E Participacoes 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.
Randon Implementos E Participacoes's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was R$1,853 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.
Randon Implementos E Participacoes Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Randon Implementos E Participacoes's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Randon Implementos E Participacoes (BSP:RAPT3) Business Description
Randon SA Implementos E Participacoes is a Brazil-based company primarily engaged in the manufacture of heavy vehicles and parts. The company is engaged in the following segments Road / Railroad Equipment & Specialty Vehicles, Auto Parts and Services and others. Its products include various wagon types, platform, tank, sider and telescopic, as well as off-road trucks, truck bodies, trailers and semi-trailers, brake and transmission system. The firm generates its major part of the revenue from road, railroad equipment and specialty vehicles segment.
Randon Implementos E Participacoes (BSP:RAPT3) Headlines
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