Budweiser Brewing Co APAC's Enterprise Value for the quarter that ended in Dec. 2023 was €18,649 Mil.
Budweiser Brewing Co APAC's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was €492 Mil. Budweiser Brewing Co APAC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 6.17%.
The historical rank and industry rank for Budweiser Brewing Co APAC's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:4BB'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.03 Med: 2.25 Max: 4.38
Current: 3.58
During the past 7 years, the highest Earnings Yield (Joel Greenblatt) of Budweiser Brewing Co APAC was 4.38%. The lowest was 1.03%. And the median was 2.25%.
FRA:4BB's Earnings Yield (Joel Greenblatt) % is ranked worse than 62.04% of 216
companies
in the Beverages - Alcoholic industry
Industry Median: 5.12
vs FRA:4BB: 3.58
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) %. Budweiser Brewing Co APAC'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.
Budweiser Brewing Co APAC Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Budweiser Brewing Co APAC'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.
Budweiser Brewing Co APAC Annual Data
Trend
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Earnings Yield (Joel Greenblatt) %
3.16
2.15
4.35
3.31
6.17
Budweiser Brewing Co APAC Quarterly Data
Dec17
Mar18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Jun20
Dec20
Jun21
Dec21
Jun22
Sep22
Dec22
Jun23
Sep23
Dec23
Earnings Yield (Joel Greenblatt) %
1.24
3.31
1.61
1.93
6.17
Competitive Comparison
For the Beverages - Brewers subindustry, Budweiser Brewing Co APAC'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.
Budweiser Brewing Co APAC Earnings Yield (Joel Greenblatt) % Distribution
For the Beverages - Alcoholic industry and Consumer Defensive sector, Budweiser Brewing Co APAC's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Budweiser Brewing Co APAC's Earnings Yield (Joel Greenblatt) % falls into.
Budweiser Brewing Co APAC 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.
Budweiser Brewing Co APACs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Budweiser Brewing Co APAC'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 €492 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.
Budweiser Brewing Co APAC Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Budweiser Brewing Co APAC's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Budweiser Brewing Co APAC (FRA:4BB) Business Description
Budweiser Brewing Company APAC is the largest brewer in Asia by retail sales value and the second largest by volume, according to Euromonitor. After 10% of the business was listed on the Hong Kong exchange in 2019, parent company Anheuser-Busch InBev owns close to 90% of the company's equity.Budweiser APAC's largest markets are China (roughly 80% of 2022 revenue), South Korea (12%), and India (6%). The remaining 2% comprises Japan, New Zealand, and other export markets in the Asia-Pacific region. The company predominantly produces, imports, markets, distributes, and sells a portfolio of more than 50 beer brands, both owned and licensed, including global brands Budweiser, Stella Artois, and Corona along with multicountry brands and local brands such as Hoegaarden, Cass, and Harbin.
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