What is Ultrapar Participacoes Earnings Yield (Joel Greenblatt) %?
Ultrapar Participacoes's Enterprise Value for the quarter that ended in Jun. 2024 was R$35,133 Mil.
Ultrapar Participacoes's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 was R$6,084 Mil. Ultrapar Participacoes's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2024 was 17.33%.
The historical rank and industry rank for Ultrapar Participacoes's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BSP:UGPA3'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.28 Med: 10.04 Max: 18.18
Current: 18.05
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Ultrapar Participacoes was 18.18%. The lowest was 5.28%. And the median was 10.04%.
BSP:UGPA3's Earnings Yield (Joel Greenblatt) % is ranked better than 84.19% of 1069
companies
in the Oil & Gas industry
Industry Median: 5.99
vs BSP:UGPA3: 18.05
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) %. Ultrapar Participacoes's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2024 was 25.84%. 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.
Ultrapar Participacoes Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Ultrapar Participacoes'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.
Competitive Comparison of Ultrapar Participacoes's Earnings Yield (Joel Greenblatt) %
For the Oil & Gas Refining & Marketing subindustry, Ultrapar Participacoes'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.
Ultrapar Participacoes's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ultrapar Participacoes's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ultrapar Participacoes'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.
Ultrapar Participacoess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Ultrapar Participacoes's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$6,084 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.
Ultrapar Participacoes Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Ultrapar Participacoes's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ultrapar Participacoes SA engages in the investment of its own capital in services, commercial, industrial activities, through the subscription or acquisition of shares of other companies. The Company has three business segments: gas distribution, fuel distribution and storage. The gas distribution segment (Ultragaz) distributes LPG to residential, commercial, and industrial consumers, especially in the South, Southeast, and Northeast regions of Brazil. The fuel distribution segment operates the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants and related activities throughout all the Brazilian territory. The storage segment operates liquid bulk terminals, especially in the Southeast and Northeast regions of Brazil.
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