Thai Beverage's Enterprise Value for the quarter that ended in Mar. 2023 was S$23,829 Mil.
Thai Beverage's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 was S$439 Mil. Thai Beverage's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2023 was 1.84%.
The historical rank and industry rank for Thai Beverage's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SGX:Y92'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.42 Med: 5.33 Max: 9.06
Current: 2.42
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Thai Beverage was 9.06%. The lowest was 2.42%. And the median was 5.33%.
SGX:Y92's Earnings Yield (Joel Greenblatt) % is ranked worse than 66.67% of 216
companies
in the Beverages - Alcoholic industry
Industry Median: 5.085
vs SGX:Y92: 2.42
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) %. Thai Beverage's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2023 was -13.58%. 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.
Thai Beverage Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Thai Beverage'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.
Thai Beverage Annual Data
Trend
Dec13
Dec14
Dec15
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Earnings Yield (Joel Greenblatt) %
5.31
7.00
6.17
7.70
7.39
Thai Beverage Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Sep20
Dec20
Mar21
Sep21
Mar22
Sep22
Mar23
Sep23
Earnings Yield (Joel Greenblatt) %
6.17
1.69
7.70
1.84
7.39
Competitive Comparison
For the Beverages - Wineries & Distilleries subindustry, Thai Beverage'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.
Thai Beverage Earnings Yield (Joel Greenblatt) % Distribution
For the Beverages - Alcoholic industry and Consumer Defensive sector, Thai Beverage's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Thai Beverage'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.
Thai Beverages Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2023 is calculated as
Thai Beverage's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was S$439 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.
Thai Beverage Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Thai Beverage's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Thai Beverage PLC is a Thailand-based company engaged in producing and distributing alcoholic and non-alcoholic beverages and food. The company's operating segment includes Spirits; Beer; Non-alcoholic beverages and Food. It generates maximum revenue from the Beer segment. The Spirits segment is engaged in the production and sales of branded spirits products and soda. Its Beer segment is engaged in the production and sales of raw materials and branded beer products. Geographically, it derives a majority of its revenue from Thailand and also has a presence in the Socialist Republic of Vietnam and Overseas.
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