McKesson Europe AG (HAM:CLS1) Earnings Yield (Joel Greenblatt) %

: -0.41% (As of Mar. 2022)

View and export this data going back to 2006. Start your Free Trial

McKesson Europe AG's Enterprise Value for the quarter that ended in Mar. 2022 was €4,839 Mil. McKesson Europe AG's EBIT for the trailing twelve months (TTM) ended in Mar. 2022 was €-20 Mil. McKesson Europe AG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2022 was -0.41%.

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

HAM:CLS1's Earnings Yield (Joel Greenblatt) % is not ranked ^*
in the Medical Distribution industry.
Industry Median: 5.62
* Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.

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) %. McKesson Europe AG's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2022 was -10.50%. 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.

McKesson Europe AG Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for McKesson Europe AG'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.

McKesson Europe AG Annual Data

Trend

Dec12

Dec13

Dec14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Earnings Yield (Joel Greenblatt) %

-5.37

0.98

0.38

0.65

-0.41

McKesson Europe AG Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22
Earnings Yield (Joel Greenblatt) %																-5.37	0.98	0.38	0.65	-0.41

Competitive Comparison

For the Medical Distribution subindustry, McKesson Europe AG'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.

McKesson Europe AG Earnings Yield (Joel Greenblatt) % Distribution

For the Medical Distribution industry and Healthcare sector, McKesson Europe AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where McKesson Europe AG's Earnings Yield (Joel Greenblatt) % falls into.

McKesson Europe AG 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.

McKesson Europe AGs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2022 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	-19.6	/	4839.2388
	=	-0.41 %

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.

McKesson Europe AG (HAM:CLS1) 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.

McKesson Europe AG Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of McKesson Europe AG's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.

McKesson Europe AG (HAM:CLS1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » McKesson Europe AG (HAM:CLS1) » Definitions » Earnings Yield (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Stockholmer Platz 1, Stuttgart, BW, DEU, 70137

Website

https://www.mckesson.eu

McKesson Europe AG is a medical care company that provides logistics and services to the pharmaceutical and healthcare sectors. The company operates two distinct segments: Pharmaceutical Distribution and Retail Pharmacy. The Pharmaceutical Distribution business sells wholesale pharmaceutical products and generates the majority of the company's revenue. The Retail Pharmacy segment operates its own pharmacies in addition to franchise pharmacies that provide prescriptions and over-the-counter pharmaceutical products. Geographically, the company's revenue derives predominantly from the United Kingdom, France, Germany, and other countries.

McKesson Europe AG (HAM:CLS1) Headlines

No Headlines