What is Hap Seng Plantations Holdings Bhd Earnings Yield (Joel Greenblatt) %?
Hap Seng Plantations Holdings Bhd's Enterprise Value for the quarter that ended in Sep. 2023 was RM1,088.0 Mil.
Hap Seng Plantations Holdings Bhd's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was RM124.7 Mil. Hap Seng Plantations Holdings Bhd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 11.47%.
The historical rank and industry rank for Hap Seng Plantations Holdings Bhd's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XKLS:5138'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.93 Med: 7.86 Max: 33.89
Current: 11.73
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Hap Seng Plantations Holdings Bhd was 33.89%. The lowest was 0.93%. And the median was 7.86%.
XKLS:5138's Earnings Yield (Joel Greenblatt) % is ranked better than 80.48% of 1947
companies
in the Consumer Packaged Goods industry
Industry Median: 4.94
vs XKLS:5138: 11.73
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) %. Hap Seng Plantations Holdings Bhd's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2023 was 27.52%. 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.
Hap Seng Plantations Holdings Bhd Earnings Yield (Joel Greenblatt) % Historical Data
* 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.
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Hap Seng Plantations Holdings Bhd Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Hap Seng Plantations Holdings Bhd's Earnings Yield (Joel Greenblatt) %
For the Farm Products subindustry, Hap Seng Plantations Holdings Bhd'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.
Hap Seng Plantations Holdings Bhd's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Hap Seng Plantations Holdings Bhd's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hap Seng Plantations Holdings Bhd's Earnings Yield (Joel Greenblatt) % falls into.
Hap Seng Plantations Holdings Bhd 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.
Hap Seng Plantations Holdings Bhd's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was RM124.7 Mil.
Hap Seng Plantations Holdings Bhd (XKLS:5138) 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.
Hap Seng Plantations Holdings Bhd Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Hap Seng Plantations Holdings Bhd's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Hap Seng Plantations Holdings Bhd (XKLS:5138) Business Description
Hap Seng Plantations Holdings Bhd is a Malaysia based palm oil plantation company. It is engaged in planting and milling operations. The company operates in the palm oil industry where it grows oil palms in its estates, harvests and processes fresh fruit bunches into crude palm oil in its own mills, and then sells it. It produces palm oil in Sabah with a total area of approximately 40,279 hectares located entirely in Sabah, Malaysia. The company operates four mills namely, Jeroco 1 palm oil mill, Jeroco 2 palm oil mill, Bukit Mas palm oil mill, and Tomanggong palm oil mill. The group has operations in Singapore and Malaysia of which key revenue is generated from Malaysia. The majority of the group sales were local delivered sales to refiners within Malaysia.
Hap Seng Plantations Holdings Bhd (XKLS:5138) Headlines
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