What is Uni-President Enterprises Earnings Yield (Joel Greenblatt) %?
Uni-President Enterprises's Enterprise Value for the quarter that ended in Mar. 2024 was NT$655,183 Mil.
Uni-President Enterprises's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was NT$52,963 Mil. Uni-President Enterprises's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 8.08%.
The historical rank and industry rank for Uni-President Enterprises's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TPE:1216'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.65 Med: 7.13 Max: 18.26
Current: 8.88
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Uni-President Enterprises was 18.26%. The lowest was 5.65%. And the median was 7.13%.
TPE:1216's Earnings Yield (Joel Greenblatt) % is ranked better than 70.81% of 1949
companies
in the Consumer Packaged Goods industry
Industry Median: 4.91
vs TPE:1216: 8.88
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) %. Uni-President Enterprises's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 15.55%. 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.
Uni-President Enterprises Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Uni-President Enterprises'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 Uni-President Enterprises's Earnings Yield (Joel Greenblatt) %
For the Packaged Foods subindustry, Uni-President Enterprises'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.
Uni-President Enterprises's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Uni-President Enterprises's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Uni-President Enterprises'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.
Uni-President Enterprisess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Uni-President Enterprises'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 NT$52,963 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.
Uni-President Enterprises Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Uni-President Enterprises's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Uni-President Enterprises (TPE:1216) Business Description
Uni-President Enterprises is one of the largest food conglomerates in Asia. It produces and sells a comprehensive range of food products through its company and affiliates. Core business includes food manufacturing and investments in other related business. Product categories include feeds, flour, edible oils, soy sauce, meat products, instant noodles, bread, beverages, dairy products, frozen food, and health food. Through its network of 200 affiliates, its convenient stores, retail, logistics, construction, finance, and recreation operations are located all across Taiwan, mainland China, and Southeast Asia.
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