ADX:SCIDC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.01 Med: 2.31 Max: 12.37
Current: 4.26
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Sharjah Cement & Industrial Development Co was 12.37%. The lowest was -7.01%. And the median was 2.31%.
ADX:SCIDC's Earnings Yield (Joel Greenblatt) % is ranked worse than 59.69% of 392
companies
in the Building Materials industry
Industry Median: 5.77
vs ADX:SCIDC: 4.26
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) %. Sharjah Cement & Industrial Development Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was -3.65%. 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.
Sharjah Cement & Industrial Development Co 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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Sharjah Cement & Industrial Development Co Earnings Yield (Joel Greenblatt) % Chart
Sharjah Cement & Industrial Development Co Annual Data
Competitive Comparison of Sharjah Cement & Industrial Development Co's Earnings Yield (Joel Greenblatt) %
For the Building Materials subindustry, Sharjah Cement & Industrial Development 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.
Sharjah Cement & Industrial Development Co's Earnings Yield (Joel Greenblatt) % Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, Sharjah Cement & Industrial Development Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Sharjah Cement & Industrial Development Co's Earnings Yield (Joel Greenblatt) % falls into.
Sharjah Cement & Industrial Development 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.
Sharjah Cement & Industrial Development 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 د.إ33.6 Mil.
Sharjah Cement & Industrial Development Co (ADX:SCIDC) 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.
Sharjah Cement & Industrial Development Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Sharjah Cement & Industrial Development Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Sharjah Cement & Industrial Development Co (ADX:SCIDC) Business Description
Sharjah Cement & Industrial Development Co is engaged in the manufacturing and supply of cement, paper sacks, and plastic ropes. The Company invests its surplus funds in investment securities, private equities, and properties. The company operates from Sharjah, United Arab Emirates and sells its products within UAE and many other countries, including the Middle East, Africa, and Asia. The Company has two reportable segments, 1) Manufacturing segment includes cement, paper sacks and ropes products. 2) Investment segment includes investment and cash management for the company's own account. The investment segment is organised into two business units as follows: Investment and letting out properties in UAE and Investment in public and private equities and funds, majorly in GCC and Asia.
Sharjah Cement & Industrial Development Co (ADX:SCIDC) Headlines
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