What is BioGaia AB Earnings Yield (Joel Greenblatt) %?
BioGaia AB's Enterprise Value for the quarter that ended in Dec. 2023 was kr8,652 Mil.
BioGaia AB's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was kr470 Mil. BioGaia AB's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 5.41%.
The historical rank and industry rank for BioGaia AB's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LTS:0GTN'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.92 Med: 3.67 Max: 7.7
Current: 4.54
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of BioGaia AB was 7.70%. The lowest was 1.92%. And the median was 3.67%.
LTS:0GTN's Earnings Yield (Joel Greenblatt) % is ranked better than 64.26% of 1094
companies
in the Drug Manufacturers industry
Industry Median: 2.38
vs LTS:0GTN: 4.54
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) %. BioGaia AB's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 13.10%. 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.
BioGaia AB Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for BioGaia AB'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.
BioGaia AB Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of BioGaia AB's Earnings Yield (Joel Greenblatt) %
For the Drug Manufacturers - Specialty & Generic subindustry, BioGaia AB'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.
BioGaia AB's Earnings Yield (Joel Greenblatt) % Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, BioGaia AB's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where BioGaia AB's Earnings Yield (Joel Greenblatt) % falls into.
BioGaia AB 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.
BioGaia ABs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
BioGaia AB'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 kr470 Mil.
BioGaia AB (LTS:0GTN) 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.
BioGaia AB Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of BioGaia AB's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
BioGaia AB is a healthcare company engaged in developing, marketing, and selling probiotic products. The company has three operating segments; Paediatrics segment includes drops, gut health tablets, oral rehydration solution (ORS) and cultures to be used as ingredients in licensee products such as infant formula, as well as royalty revenue for pediatric products, Adult Health segment includes gut health tablets, oral health lozenges and cultures as an ingredient in a licensee's dairy products, and Other segment include royalties in respect of development projects, revenue from packaging solutions in the subsidiary CapAble, etc. Geographically, it operates in three regions; Asia Pacific, Europe, the Middle East, Africa, and the Americas.
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