What is Koninklijke Ahold Delhaize NV Earnings Yield (Joel Greenblatt) %?
Koninklijke Ahold Delhaize NV's Enterprise Value for the quarter that ended in Dec. 2023 was $42,591 Mil.
Koninklijke Ahold Delhaize NV's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $3,270 Mil. Koninklijke Ahold Delhaize NV's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 7.86%.
The historical rank and industry rank for Koninklijke Ahold Delhaize NV's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
AHODF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.61 Med: 9.38 Max: 14.63
Current: 7.52
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Koninklijke Ahold Delhaize NV was 14.63%. The lowest was 4.61%. And the median was 9.38%.
AHODF's Earnings Yield (Joel Greenblatt) % is ranked better than 57.99% of 319
companies
in the Retail - Defensive industry
Industry Median: 6.28
vs AHODF: 7.52
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) %. Koninklijke Ahold Delhaize NV's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 33.33%. 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.
* 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.
For the Grocery Stores subindustry, Koninklijke Ahold Delhaize NV'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.
Koninklijke Ahold Delhaize NV's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Koninklijke Ahold Delhaize NV's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Koninklijke Ahold Delhaize NV's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Koninklijke Ahold Delhaize NVs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Koninklijke Ahold Delhaize NV'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 $3,270 Mil.
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.
Thank you for viewing the detailed overview of Koninklijke Ahold Delhaize NV's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Koninklijke Ahold Delhaize NV (Koninklijke Ahold Delhaize NV) Business Description
Ahold Delhaize is the product of the July 2016 merger between Netherlands-based Ahold and Belgium's Delhaize, forming the fourth-largest grocer in the U.S. and a top player in many parts of Europe. The U.S. is the largest market, accounting for over 60% of group sales, with Ahold Delhaize the leading grocer on the Eastern Seaboard. The U.S. store network stretches from Maine to Georgia and includes such banners as Stop & Shop, Giant Carlisle, Giant Landover, Food Lion, Hannaford, and Peapod. The Netherlands, Belgium, and Central and Southeastern Europe, including the Czech Republic, Greece, Romania, and Serbia, account for slightly less than 40% of sales. Ahold Delhaize holds the number-one and number-two positions in these countries.
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