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Casey's General Stores Earnings Yield (Joel Greenblatt) %

: 4.69% (As of Jul. 2019)
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Casey's General Stores's Enterprise Value for the quarter that ended in Jul. 2019 was $7,280 Mil. Casey's General Stores's EBIT for the trailing twelve months (TTM) ended in Jul. 2019 was $342 Mil. Casey's General Stores's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jul. 2019 was 4.69%.

NAS:CASY' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.4   Max: 14
Current: 4.68

4.4
14

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Casey's General Stores was 14.00%. The lowest was 4.40%. And the median was 7.00%.

NAS:CASY's Earnings Yield (Joel Greenblatt) % is ranked lower than
53% of the 368 Companies
in the Retail - Defensive industry.

( Industry Median: 5.12 vs. NAS:CASY: 4.68 )

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) %. Casey's General Stores's Forward Rate of Return (Yacktman) % for the quarter that ended in Jul. 2019 was 6.30%. 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.


Casey's General Stores Earnings Yield (Joel Greenblatt) % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Casey's General Stores Annual Data
Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18 Apr19
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.10 7.58 5.94 5.39 5.18

Casey's General Stores Quarterly Data
Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19
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 4.93 4.78 5.10 5.18 4.69

Competitive Comparison
* 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.


Casey's General Stores Earnings Yield (Joel Greenblatt) % Distribution

* The bar in red indicates where Casey's General Stores's Earnings Yield (Joel Greenblatt) % falls into.



Casey's General Stores 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.

Casey's General Storess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Apr. 2019 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=319.058/6156.194
=5.18 %

Casey's General Stores's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jul. 2019 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT (TTM)/Enterprise Value
=341.559/7,280
=4.69 %

Casey's General Stores's EBIT for the trailing twelve months (TTM) ended in Jul. 2019 was 104.779 (Oct. 2018 ) + 67.405 (Jan. 2019 ) + 43.338 (Apr. 2019 ) + 126.037 (Jul. 2019 ) = $342 Mil.



Casey's General Stores  (NAS:CASY) 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.


Casey's General Stores Earnings Yield (Joel Greenblatt) % Related Terms


Casey's General Stores Earnings Yield (Joel Greenblatt) % Headlines

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