What is WH Group Earnings Yield (Joel Greenblatt) %?
WH Group's Enterprise Value for the quarter that ended in Dec. 2023 was $10,834 Mil.
WH Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $480 Mil. WH Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 11.07%.
The historical rank and industry rank for WH Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
WHGRF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.15 Med: 10.26 Max: 19.88
Current: 4.17
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of WH Group was 19.88%. The lowest was 4.15%. And the median was 10.26%.
WHGRF's Earnings Yield (Joel Greenblatt) % is ranked worse than 55.57% of 1947
companies
in the Consumer Packaged Goods industry
Industry Median: 4.99
vs WHGRF: 4.17
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) %. WH Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 15.54%. 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.
WH Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for WH Group'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.
Competitive Comparison of WH Group's Earnings Yield (Joel Greenblatt) %
For the Packaged Foods subindustry, WH Group'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.
WH Group's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, WH Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where WH Group's Earnings Yield (Joel Greenblatt) % falls into.
WH Group 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.
WH Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
WH Group'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 $480 Mil.
WH Group (OTCPK:WHGRF) 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.
WH Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of WH Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
WH Group, listed on the Hong Kong exchange, is a holding company and the world's largest vertically integrated producer of pork and related packaged meat products. Its revenue is mainly derived from activities undertaken by its China and U.S. operations, which are respectively via 70.3%-owned Henan Shuanghui Investment & Development Co., or Shuanghui, and wholly owned Smithfield Foods Inc. In the U.S., its key packaged meats brands, in which it has an 8% market share, include Nathan's hot dogs, Armour, John Morrell, and Curly's, while in China, products are mainly under the Shuanghui brand, where it also has a 32% market share. We expect the company's operating profit to be split almost equally between the U.S. and China going forward with a small contribution from Europe.
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