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Korean Air Lines Co (XKRX:003490) Earnings Yield (Joel Greenblatt) % : 15.17% (As of Dec. 2023)


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What is Korean Air Lines Co Earnings Yield (Joel Greenblatt) %?

Korean Air Lines Co's Enterprise Value for the quarter that ended in Dec. 2023 was ₩13,891,229 Mil. Korean Air Lines Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was ₩2,107,106 Mil. Korean Air Lines Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 15.17%.

The historical rank and industry rank for Korean Air Lines Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

XKRX:003490' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.59   Med: 2.11   Max: 21.73
Current: 16.92

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Korean Air Lines Co was 21.73%. The lowest was -5.59%. And the median was 2.11%.

XKRX:003490's Earnings Yield (Joel Greenblatt) % is ranked better than
84.58% of 999 companies
in the Transportation industry
Industry Median: 6.97 vs XKRX:003490: 16.92

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) %. Korean Air Lines Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 30.61%. 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.


Korean Air Lines Co Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Korean Air Lines Co'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.

Korean Air Lines Co Earnings Yield (Joel Greenblatt) % Chart

Korean Air Lines Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.08 -2.27 6.59 21.28 15.17

Korean Air Lines Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.28 19.23 18.42 20.20 15.17

Competitive Comparison of Korean Air Lines Co's Earnings Yield (Joel Greenblatt) %

For the Airlines subindustry, Korean Air Lines Co'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.


Korean Air Lines Co's Earnings Yield (Joel Greenblatt) % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Korean Air Lines Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Korean Air Lines Co's Earnings Yield (Joel Greenblatt) % falls into.



Korean Air Lines Co 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.

Korean Air Lines Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=2107105.563/13891228.716
=15.17 %

Korean Air Lines Co'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 ₩2,107,106 Mil.



Korean Air Lines Co  (XKRX:003490) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Korean Air Lines Co Earnings Yield (Joel Greenblatt) % Related Terms

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Korean Air Lines Co (XKRX:003490) Business Description

Traded in Other Exchanges
Address
260 Haneul-gil, Gangseo-gu, Seoul, KOR
Korean Air Lines Co Ltd is an airline operator with a global reach. The company has four operating segments: Air transport (majority of total revenues), Aerospace (maintenance and repairs), In-flight meals, and Hotel/limousine and others. Passenger tickets can be bought on the company's website or at the airport counter. Multiple options related to passenger class or cabin experience, baggage fees, and other services are offered to customers. Revenues derived from Republic of Korea account for approximately one-fourth of total revenues, with the remainder coming from international operations. The company has created an alliance with global carriers to help connect flights, and give passengers better options to travel.

Korean Air Lines Co (XKRX:003490) Headlines

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