What is Malayan Flour Mills Bhd Earnings Yield (Joel Greenblatt) %?
Malayan Flour Mills Bhd's Enterprise Value for the quarter that ended in Dec. 2023 was RM1,338 Mil.
Malayan Flour Mills Bhd's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was RM89 Mil. Malayan Flour Mills Bhd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 6.66%.
The historical rank and industry rank for Malayan Flour Mills Bhd's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XKLS:3662'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3 Med: 6.89 Max: 10.86
Current: 6.13
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Malayan Flour Mills Bhd was 10.86%. The lowest was 3.00%. And the median was 6.89%.
XKLS:3662's Earnings Yield (Joel Greenblatt) % is ranked better than 57.48% of 1945
companies
in the Consumer Packaged Goods industry
Industry Median: 4.87
vs XKLS:3662: 6.13
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) %. Malayan Flour Mills Bhd's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was -5.49%. 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.
Malayan Flour Mills Bhd Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Malayan Flour Mills Bhd'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.
Malayan Flour Mills Bhd Earnings Yield (Joel Greenblatt) % Chart
For the Farm Products subindustry, Malayan Flour Mills Bhd'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.
Malayan Flour Mills Bhd's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Malayan Flour Mills Bhd's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Malayan Flour Mills Bhd's Earnings Yield (Joel Greenblatt) % falls into.
Malayan Flour Mills Bhd 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.
Malayan Flour Mills Bhds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Malayan Flour Mills Bhd'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 RM89 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.
Malayan Flour Mills Bhd Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Malayan Flour Mills Bhd's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Malayan Flour Mills Bhd (XKLS:3662) Business Description
Malayan Flour Mills Bhd is engaged in the flour milling industry in Malaysia. It has three operating segments; Flour and grain trading segment includes Milling and selling wheat flour and trading in grain and other allied products, Poultry integration segment includes Manufacture and sale of animal feeds, processing and sale of poultry products, poultry grow-out farm, breeding and sale of day-old-chicks and contract farming activities, and Other segment include Manufacture and sale of aqua feeds, re-measurement of contingent consideration receivable and provision for profit guarantee payment. Maximum revenue is generated by the Flour and grains trading segment. Geographically, Malaysia generates a majority of the revenue for the company.
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