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Kulicke & Soffa Industries (Kulicke & Soffa Industries) Earnings Yield (Joel Greenblatt) %

: 2.70% (As of Dec. 2023)
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Kulicke & Soffa Industries's Enterprise Value for the quarter that ended in Dec. 2023 was $2,430.2 Mil. Kulicke & Soffa Industries's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $65.6 Mil. Kulicke & Soffa Industries's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 2.70%.

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

KLIC' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.71   Med: 12.61   Max: 47.79
Current: 3.26

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Kulicke & Soffa Industries was 47.79%. The lowest was 2.71%. And the median was 12.61%.

KLIC's Earnings Yield (Joel Greenblatt) % is ranked better than
60.68% of 997 companies
in the Semiconductors industry
Industry Median: 2 vs KLIC: 3.26

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) %. Kulicke & Soffa Industries's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 25.06%. 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.


Kulicke & Soffa Industries Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Kulicke & Soffa Industries'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.

Kulicke & Soffa Industries Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.81 7.56 14.25 32.57 3.57

Kulicke & Soffa Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.49 10.21 4.27 3.57 2.70

Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, Kulicke & Soffa Industries'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.


Kulicke & Soffa Industries Earnings Yield (Joel Greenblatt) % Distribution

For the Semiconductors industry and Technology sector, Kulicke & Soffa Industries's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Kulicke & Soffa Industries's Earnings Yield (Joel Greenblatt) % falls into.



Kulicke & Soffa Industries 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.

Kulicke & Soffa Industriess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=72.343/2027.3663
=3.57 %

Kulicke & Soffa Industries'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 $65.6 Mil.



Kulicke & Soffa Industries  (NAS:KLIC) 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.


Kulicke & Soffa Industries Earnings Yield (Joel Greenblatt) % Related Terms

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Kulicke & Soffa Industries (Kulicke & Soffa Industries) Business Description

Traded in Other Exchanges
Address
1005 Virginia Drive, Fort Washington, Philadelphia, PA, USA, 19034
Kulicke & Soffa Industries Inc is a United States-based company that is principally engaged in designing, manufacturing, and selling capital equipment and expendable tools that are used for assembling semiconductor devices. The company has four reportable segments which includes Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services. Its Ball Bonding Equipment segment which generates the majority of the revenue for the company includes results of the company from the design, development, manufacture and sale of ball bonding equipment and wafer level bonding equipment. The majority of its customers are located in the Asia-pacific region.
Executives
Lester A Wong officer: Senior Vice President 23A, SERANGOON NORTH AVE 5, #01-01, SINGAPORE U0 554369
Nelson Munpun Wong officer: Vice President 23A, SERANGOON NORTH AVE 5, #01-01, SINGAPORE U0 554369
Stephen Ray Drake officer: Vice President 23A SERANGOON NORTH AVENUE 5 #01-01, SINGAPORE U0 554369
Fusen Ernie Chen director 1005 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Robert Nestor Chylak officer: Vice President 1005 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Denise Dignam director C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19801
Chan Pin Chong officer: Senior Vice President 23A SERANGOON NORTH AVENUE 5, #01-01, SINGAPORE U0 554369
Chin Hu Lim director 23A, SERANGOON NORTH AVENUE 5, #01-01, SINGAPORE U0 554369
Zamir Shai Soloveizik officer: Vice President 23A SERANGOON NORTH AVENUE 5, #01-01, SINGAPORE U0 554369
Jon A Olson director 2100 LOGIC DRIVE, SAN JOSE CA 95124
Gregory F Milzcik director 1005 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
David Jeffrey Richardson director LSI LOGIC CORP, 1621 BARBER LANE, MILPITAS CA 95035
Kong Peter T M director KULICKE AND SOFFA INDUSTRIES INC., 1005 VIRGINIA DRIVE, FT. WASHINGTON PA 19034
Brian R Bachman director 1005 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Thiam Hong Lim officer: Vice President 23A SERANGOON NORTH AVENUE 5, #01-01, SINGAPORE U0 554369