GURUFOCUS.COM » STOCK LIST » USA » NYSE » Coca-Cola Co (NYSE:KO) » Definitions » Earnings Yield (Joel Greenblatt) %
Switch to:

Coca-Cola Co Earnings Yield (Joel Greenblatt) %

: 4.12% (As of Jun. 2022)
View and export this data going back to 1924. Start your Free Trial

Coca-Cola Co's Enterprise Value for the quarter that ended in Jun. 2022 was $304,229 Mil. Coca-Cola Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $12,541 Mil. Coca-Cola Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 4.12%.

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

KO' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.13   Med: 4.75   Max: 9.93
Current: 4.09

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Coca-Cola Co was 9.93%. The lowest was 3.13%. And the median was 4.75%.

KO's Earnings Yield (Joel Greenblatt) % is ranked worse than
58.88% of 107 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 5.06 vs KO: 4.09

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) %. Coca-Cola Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 16.12%. 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.


Coca-Cola Co Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Coca-Cola Co'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.

Coca-Cola Co Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.45 3.95 4.33 4.15 4.87

Coca-Cola Co Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 4.96 5.31 4.87 4.79 4.12

Competitive Comparison

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Co'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.

   

Coca-Cola Co Earnings Yield (Joel Greenblatt) % Distribution

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Coca-Cola Co's Earnings Yield (Joel Greenblatt) % falls into.



Coca-Cola Co 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.

Coca-Cola Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=14022/288087.9473
=4.87 %

Coca-Cola Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $12,541 Mil.



Coca-Cola Co  (NYSE:KO) 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.


Coca-Cola Co Earnings Yield (Joel Greenblatt) % Related Terms

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


Coca-Cola Co Business Description

Coca-Cola Co logo
Address
One Coca-Cola Plaza, Atlanta, GA, USA, 30313
Coca-Cola is the largest nonalcoholic beverage entity in the world, owning and marketing some of the leading carbonated beverage brands, such as Coke, Fanta, and Sprite, as well as nonsparkling brands, such as Minute Maid, Georgia Coffee, Costa, and Glaceau. Operationally, the firm focuses its manufacturing efforts early in the supply chain, making the concentrate (or beverage bases) for its drinks that are then processed and distributed by its network of more than 100 bottlers. Concentrate operations represent roughly 85% of the company's unit case volume. The firm generates most of its revenue internationally, with countries like Mexico, Brazil, and Japan being key markets outside of the U.S.
Executives
Allen Herbert A Iii director ALLEN & COMPANY LLC 711 FIFTH AVENUE NEW YORK NY 10022
Douglas Monica Howard officer: SVP & General Counsel 535 MADISON AVENUE, 20TH FLOOR NEW YORK NY 10022
Braun Henrique other: Operating Unit President C/O THE COCA-COLA COMPANY ONE COCA-COLA PLAZA ATLANTA GA 30313
Gayton Bradley M officer: SVP & General Counsel ONE COCA-COLA PLAZA ATLANTA GA 30313
Loveless Kathy officer: Vice President & Controller C/O THE COCA-COLA COMPANY ONE COCA-COLA PLAZA ATLANTA GA 30313
Chang Lisa other: Chief People Officer THE COCA-COLA COMPANY ONE COCA-COLA PLAZA ATLANTA GA 30313
Arroyo Manuel other: Group President THE COCA-COLA COMPANY ONE COCA-COLA PLAZA ATLANTA GA 30313
Koumettis Nikolaos other: Group President THE COCA-COLA COMPANY ONE COCA-COLA PLAZA ATLANTA GA 30313
Quan Nancy officer: Senior Vice President THE COCA-COLA COMPANY ONE COCA-COLA PLAZA ATLANTA GA 30313
Tsay Caroline J director C/O ROSETTA STONE INC. 1919 NORTH LYNN STREET, 7TH FLOOR ARLINGTON VA 22209
Davis Christopher C director C/O GRAHAM HOLDINGS COMPANY 1300 NORTH 17TH STREET, SUITE 1700 ARLINGTON VA 22209
Dinkins James L officer: Senior Vice President C/O THE COCA-COLA COMPANY ONE COCA-COLA PLAZA ATLANTA GA 30313
Perez Beatriz R officer: Senior Vice President ONE COCA-COLA PLAZA ATLANTA GA 30313
Randazza Mark officer: Principal Accounting Officer THE COCA-COLA COMPANY ONE COCA-COLA PLAZA ATLANTA GA 30313
Long Robert Edward officer: Senior Vice President THE COCA-COLA COMPANY ONE COCA-COLA PLAZA ATLANTA GA 30313

Coca-Cola Co Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)