What is Tegma Gestao Logistica Earnings Yield (Joel Greenblatt) %?
Tegma Gestao Logistica's Enterprise Value for the quarter that ended in Dec. 2023 was R$1,806 Mil.
Tegma Gestao Logistica's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was R$260 Mil. Tegma Gestao Logistica's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 14.27%.
The historical rank and industry rank for Tegma Gestao Logistica's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BSP:TGMA3'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.44 Med: 12.54 Max: 33.07
Current: 17.13
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Tegma Gestao Logistica was 33.07%. The lowest was 6.44%. And the median was 12.54%.
BSP:TGMA3's Earnings Yield (Joel Greenblatt) % is ranked better than 84.52% of 1001
companies
in the Transportation industry
Industry Median: 6.95
vs BSP:TGMA3: 17.13
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) %. Tegma Gestao Logistica's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 10.70%. 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.
Tegma Gestao Logistica Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Tegma Gestao Logistica'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.
For the Trucking subindustry, Tegma Gestao Logistica'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.
Tegma Gestao Logistica's Earnings Yield (Joel Greenblatt) % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Tegma Gestao Logistica's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tegma Gestao Logistica'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.
Tegma Gestao Logisticas Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Tegma Gestao Logistica'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$260 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.
Tegma Gestao Logistica Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Tegma Gestao Logistica's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tegma Gestao Logistica (BSP:TGMA3) Business Description
Tegma Gestao Logistica SA provides logistics, transportation, and warehouse services in Brazil. The company's operating segments include; Automotive logistics and Integrated logistics. The Automotive Logistics division engages in the transportation of vehicles, as well as management of yard; transfer and distribution of vehicle; storage of vehicles; and provision of pre delivery inspection, and center for automotive/multi-brand services. The Integrated Logistics division provides transportation, storage, inventory management, and similar services. It generates maximum revenue from the Automotive Logistics segment.
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