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Tres Tentos Agroindustrial (BSP:TTEN3) Earnings Yield (Joel Greenblatt) %

: 10.03% (As of Dec. 2023)
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Tres Tentos Agroindustrial's Enterprise Value for the quarter that ended in Dec. 2023 was R$5,972 Mil. Tres Tentos Agroindustrial's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was R$599 Mil. Tres Tentos Agroindustrial's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 10.03%.

The historical rank and industry rank for Tres Tentos Agroindustrial's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

BSP:TTEN3' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.05   Med: 10.08   Max: 14.23
Current: 12.39

During the past 4 years, the highest Earnings Yield (Joel Greenblatt) of Tres Tentos Agroindustrial was 14.23%. The lowest was 7.05%. And the median was 10.08%.

BSP:TTEN3's Earnings Yield (Joel Greenblatt) % is ranked better than
78.82% of 255 companies
in the Agriculture industry
Industry Median: 4.97 vs BSP:TTEN3: 12.39

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) %. Tres Tentos Agroindustrial'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.


Tres Tentos Agroindustrial Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Tres Tentos Agroindustrial'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.

Tres Tentos Agroindustrial Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
- 10.15 13.97 10.03

Tres Tentos Agroindustrial Quarterly Data
Sep20 Dec20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.97 11.22 9.35 10.33 10.03

Competitive Comparison

For the Agricultural Inputs subindustry, Tres Tentos Agroindustrial'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.


Tres Tentos Agroindustrial Earnings Yield (Joel Greenblatt) % Distribution

For the Agriculture industry and Basic Materials sector, Tres Tentos Agroindustrial's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Tres Tentos Agroindustrial's Earnings Yield (Joel Greenblatt) % falls into.



Tres Tentos Agroindustrial 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.

Tres Tentos Agroindustrials Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=598.993/5972.36252
=10.03 %

Tres Tentos Agroindustrial'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$599 Mil.



Tres Tentos Agroindustrial  (BSP:TTEN3) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Tres Tentos Agroindustrial Earnings Yield (Joel Greenblatt) % Related Terms

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Tres Tentos Agroindustrial (BSP:TTEN3) Business Description

Traded in Other Exchanges
N/A
Address
Avenue Principal, 187, P.O. Box 41, Distrito Industrial, Santa Barbara do Sul, RS, BRA, 98240-000
Tres Tentos Agroindustrial SA is an agricultural company that offers vertically oriented and integrated solutions to farmers and a wide range of retail products in the agricultural input, grain, and industrial segments. The company also offers farmers' training, consulting, and technical services. the reporting segments of the Company are; Agricultural inputs include the marketing of fertilizers, plant-protection products, foliar fertilizers, and soybean, corn, and wheat seeds, Grains include operations involving the physical receipt, standardization, and trading of grain acquired from third parties, and Industry include operations involving the processing of soybean to produce meal and biodiesel.

Tres Tentos Agroindustrial (BSP:TTEN3) Headlines

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