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Amanah Leasing PCL (BKK:AMANAH) Earnings Yield (Joel Greenblatt) % : 2.62% (As of Mar. 2024)


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What is Amanah Leasing PCL Earnings Yield (Joel Greenblatt) %?

Amanah Leasing PCL's Enterprise Value for the quarter that ended in Mar. 2024 was ฿5,276.5 Mil. Amanah Leasing PCL's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ฿138.2 Mil. Amanah Leasing PCL's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 2.62%.

The historical rank and industry rank for Amanah Leasing PCL's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

BKK:AMANAH' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.56   Med: 3.66   Max: 12.93
Current: 3.26

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Amanah Leasing PCL was 12.93%. The lowest was -3.56%. And the median was 3.66%.

BKK:AMANAH's Earnings Yield (Joel Greenblatt) % is ranked better than
66.67% of 537 companies
in the Credit Services industry
Industry Median: 0.44 vs BKK:AMANAH: 3.26

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) %. Amanah Leasing PCL's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was -5.96%. 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.


Amanah Leasing PCL Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Amanah Leasing PCL'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.

Amanah Leasing PCL Earnings Yield (Joel Greenblatt) % Chart

Amanah Leasing PCL 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 6.28 3.86 3.44 4.12 3.32

Amanah Leasing PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.87 3.50 3.48 3.32 2.62

Competitive Comparison of Amanah Leasing PCL's Earnings Yield (Joel Greenblatt) %

For the Credit Services subindustry, Amanah Leasing PCL'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.


Amanah Leasing PCL's Earnings Yield (Joel Greenblatt) % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Amanah Leasing PCL's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Amanah Leasing PCL's Earnings Yield (Joel Greenblatt) % falls into.



Amanah Leasing PCL 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.

Amanah Leasing PCLs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=159.037/4792.844875
=3.32 %

Amanah Leasing PCL's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿138.2 Mil.



Amanah Leasing PCL  (BKK:AMANAH) 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.


Amanah Leasing PCL Earnings Yield (Joel Greenblatt) % Related Terms

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Amanah Leasing PCL (BKK:AMANAH) Business Description

Traded in Other Exchanges
N/A
Address
16-16/1 Soi Kasemsan 1, Phayathai Road, Wangmai, Pathumwan, Bangkok, THA, 10330
Amanah Leasing PCL is engaged in providing financial services. The principal activities of the company are to provide financial services in hire purchase, finance lease, operating lease, and inventory finance areas. Its operating segments are Hire Purchase and Others. The company generates a majority of its revenue from the Hire Purchase segment. Geographically, all business activities are carried out through the region of Thailand.

Amanah Leasing PCL (BKK:AMANAH) Headlines

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