Fast Retailing Co's Enterprise Value for the quarter that ended in Feb. 2024 was $81,811 Mil.
Fast Retailing Co's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was $3,551 Mil. Fast Retailing Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was 4.23%.
The historical rank and industry rank for Fast Retailing Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRCOF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.74 Med: 4.83 Max: 8.34
Current: 4.53
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Fast Retailing Co was 8.34%. The lowest was 1.74%. And the median was 4.83%.
FRCOF's Earnings Yield (Joel Greenblatt) % is ranked worse than 51.56% of 1119
companies
in the Retail - Cyclical industry
Industry Median: 4.87
vs FRCOF: 4.53
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) %. Fast Retailing Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2024 was 22.53%. 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.
Fast Retailing Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Fast Retailing Co'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.
Fast Retailing Co Annual Data
Trend
Aug14
Aug15
Aug16
Aug17
Aug18
Aug19
Aug20
Aug21
Aug22
Aug23
Earnings Yield (Joel Greenblatt) %
5.13
2.76
4.08
5.67
4.81
Fast Retailing Co Quarterly Data
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
May23
Aug23
Nov23
Feb24
Earnings Yield (Joel Greenblatt) %
5.99
4.80
4.81
4.65
4.23
Competitive Comparison
For the Apparel Retail subindustry, Fast Retailing Co'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.
Fast Retailing Co Earnings Yield (Joel Greenblatt) % Distribution
For the Retail - Cyclical industry and Consumer Cyclical sector, Fast Retailing Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Fast Retailing Co's Earnings Yield (Joel Greenblatt) % falls into.
Fast Retailing Co 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.
Fast Retailing Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2023 is calculated as
Fast Retailing Co's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,551 Mil.
Fast Retailing Co (OTCPK:FRCOF) Earnings Yield (Joel Greenblatt) % Explanation
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.
Fast Retailing Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Fast Retailing Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Fast Retailing Co (Fast Retailing Co) Business Description
Fast Retailing Co Ltd is Japan's apparel company, operating the casualwear retail chain Uniqlo, known for its high-quality functional apparel at reasonable prices. The business is founded on a private-label apparel model whereby Fast Retailing is in charge of product design, production, and sales. Fast Retailing is ranked the third-largest apparel company by sales globally, it runs 3,630 stores globally, including 813 and 1,439 Uniqlo stores in Japan and overseas, respectively. Other brands in its portfolio include GU and acquired brands including Theory, Comptoir des Cotonniers, Princesse Tam Tam (French lingerie), and J Brand (premium denim).
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