Orica's Enterprise Value for the quarter that ended in Sep. 2023 was $5,352 Mil.
Orica's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was $340 Mil. Orica's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 6.21%.
The historical rank and industry rank for Orica's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
OCLDY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -17.58 Med: 6.24 Max: 12.13
Current: 5.24
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Orica was 12.13%. The lowest was -17.58%. And the median was 6.24%.
OCLDY's Earnings Yield (Joel Greenblatt) % is ranked better than 55.73% of 1572
companies
in the Chemicals industry
Industry Median: 4.38
vs OCLDY: 5.24
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) %. Orica's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2023 was 2.89%. 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.
Orica Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Orica'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.
Orica Annual Data
Trend
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Earnings Yield (Joel Greenblatt) %
5.06
5.75
-0.63
5.09
6.21
Orica Semi-Annual Data
Mar14
Sep14
Mar15
Sep15
Mar16
Sep16
Mar17
Sep17
Mar18
Sep18
Mar19
Sep19
Mar20
Sep20
Mar21
Sep21
Mar22
Sep22
Mar23
Sep23
Earnings Yield (Joel Greenblatt) %
-0.63
-
5.09
-
6.21
Competitive Comparison
For the Specialty Chemicals subindustry, Orica'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.
Orica Earnings Yield (Joel Greenblatt) % Distribution
For the Chemicals industry and Basic Materials sector, Orica's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Orica'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.
Oricas Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2023 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
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.
Orica Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Orica's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Orica is a leading global manufacturer and supplier of chemicals and explosives, primarily to the mining industry. It has operations in 50 countries across six continents. Mining services is the lone growth engine now that the chemicals business has been sold. Orica has an approximate 28% share of the global commercial explosives market. It provided resins, steel bolts, and other products for underground mining and tunneling though this business is now sold. It also supplies chemicals such as sodium cyanide to the mining industry.
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