The historical rank and industry rank for IFS Capital Holdings (Thailand) PCL's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BKK:IFS'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.22 Med: 5.77 Max: 9.67
Current: 7.64
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of IFS Capital Holdings (Thailand) PCL was 9.67%. The lowest was 4.22%. And the median was 5.77%.
BKK:IFS's Earnings Yield (Joel Greenblatt) % is ranked better than 84.36% of 537
companies
in the Credit Services industry
Industry Median: 0.44
vs BKK:IFS: 7.64
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) %. IFS Capital Holdings (Thailand) PCL's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 19.50%. 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.
IFS Capital Holdings (Thailand) PCL 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.
Competitive Comparison of IFS Capital Holdings (Thailand) PCL's Earnings Yield (Joel Greenblatt) %
For the Credit Services subindustry, IFS Capital Holdings (Thailand) 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.
IFS Capital Holdings (Thailand) PCL's Earnings Yield (Joel Greenblatt) % Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, IFS Capital Holdings (Thailand) PCL's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where IFS Capital Holdings (Thailand) PCL'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.
IFS Capital Holdings (Thailand) 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 ฿199.6 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.
IFS Capital Holdings (Thailand) PCL Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of IFS Capital Holdings (Thailand) PCL's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
IFS Capital Holdings (Thailand) PCL (BKK:IFS) Business Description
IFS Capital Holdings (Thailand) PCL is a Thailand-based company which is involved in three business segments. A factoring business is a short-term loan that provides liquidity to the business immediately and enables the business to increase its turnover in the form of buying accounts receivable. The factoring facility applies to both domestic and international sales. Hire purchase and finance leasing businesses are long-term loans for investment in the business industry. Others encompass a range of activities from corporate decisions, income and expenses not attributed to the business segments described. The majority is derived from Factoring Business.
IFS Capital Holdings (Thailand) PCL (BKK:IFS) Headlines
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