Greencore Group (Greencore Group) Earnings Yield (Joel Greenblatt) %

: 11.53% (As of Sep. 2023)

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Greencore Group's Enterprise Value for the quarter that ended in Sep. 2023 was $773 Mil. Greencore Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was $81 Mil. Greencore Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 11.53%.

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

GNCGF' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.62 Med: 4.65 Max: 12
Current: 8.18

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Greencore Group was 12.00%. The lowest was 0.62%. And the median was 4.65%.

GNCGF's Earnings Yield (Joel Greenblatt) % is ranked better than
67.49% of 1944 companies
in the Consumer Packaged Goods industry
Industry Median: 4.99 vs GNCGF: 8.18

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) %. Greencore Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2023 was 17.29%. 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.

Greencore Group Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Greencore Group'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.

Greencore Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Earnings Yield (Joel Greenblatt) %

5.49

0.84

4.65

8.90

11.53

Greencore Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Earnings Yield (Joel Greenblatt) %																4.65	-	8.90	-	11.53

Competitive Comparison

For the Packaged Foods subindustry, Greencore Group'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.

Greencore Group Earnings Yield (Joel Greenblatt) % Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Greencore Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Greencore Group's Earnings Yield (Joel Greenblatt) % falls into.

Greencore Group 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.

Greencore Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2023 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	80.817	/	773.25186
	=	10.45 %

For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.

Greencore Group (OTCPK:GNCGF) 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

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

Greencore Group Earnings Yield (Joel Greenblatt) % Related Terms

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Greencore Group (Greencore Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Greencore Group PLC (OTCPK:GNCGF) » Definitions » Earnings Yield (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

GNCGY:USA GNCl:UK GNC:UK GCG:Germany GCG:Germany

Address

No. 2 Northwood Avenue, Northwood Business Park, Santry, Dublin, IRL, D09 X5N9

Website

http://www.greencore.com

Greencore Group PLC is a convenience food manufacturer that supplies chilled and frozen food to customers based in U.K. and the U.S. The company's operating business segment is Convenience Foods UK & Ireland. The UK Convenience Food categories including sandwiches, sushi, salads, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, frozen Yorkshire Puddings and cakes and desserts categories as well as the Irish Ingredients trading business.