What is Stella Chemifa Earnings Yield (Joel Greenblatt) %?
Stella Chemifa's Enterprise Value for the quarter that ended in Dec. 2023 was 円27,585 Mil.
Stella Chemifa's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was 円2,643 Mil. Stella Chemifa's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 10.38%.
The historical rank and industry rank for Stella Chemifa's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:4109'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.16 Med: 7.77 Max: 46.72
Current: 6.52
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Stella Chemifa was 46.72%. The lowest was 2.16%. And the median was 7.77%.
TSE:4109's Earnings Yield (Joel Greenblatt) % is ranked better than 67.55% of 1578
companies
in the Chemicals industry
Industry Median: 3.9
vs TSE:4109: 6.52
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) %. Stella Chemifa's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 0.00%. 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.
Stella Chemifa Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Stella Chemifa'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 Stella Chemifa's Earnings Yield (Joel Greenblatt) %
For the Specialty Chemicals subindustry, Stella Chemifa'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.
Stella Chemifa's Earnings Yield (Joel Greenblatt) % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Stella Chemifa's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Stella Chemifa'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.
Stella Chemifas Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Stella Chemifa'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 円2,643 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.
Stella Chemifa Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Stella Chemifa's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Stella Chemifa Corp engages in the manufacture, supply, and sale of high-purity chemicals. Its operations are carried out through the following segments: High-Purity Chemicals, Transportation, Medical, Cosmetics, Energy Management and Other. The High-Purity Chemicals unit deals with the production and sale of high-purity chemicals. Transportation services handle the transport, storage, and customs duties of chemicals. The Medical unit manages pharmaceutical research. Additionally, the firm is involved in the sale of cosmetics, dealing with network related equipment and software development, insurance agency, automobile maintenance, energy maintenance system, and Moonlight (phosphorescent products) businesses.
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