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Appia Rare Earths & Uranium (Appia Rare Earths & Uranium) Earnings Yield (Joel Greenblatt) % : -8.41% (As of Dec. 2023)


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What is Appia Rare Earths & Uranium Earnings Yield (Joel Greenblatt) %?

Appia Rare Earths & Uranium's Enterprise Value for the quarter that ended in Dec. 2023 was $21.73 Mil. Appia Rare Earths & Uranium's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.86 Mil. Appia Rare Earths & Uranium's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -8.41%.

The historical rank and industry rank for Appia Rare Earths & Uranium's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

APAAF' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -62.89   Med: 0   Max: 0
Current: -16.31

APAAF's Earnings Yield (Joel Greenblatt) % is ranked worse than
84.41% of 186 companies
in the Other Energy Sources industry
Industry Median: 4.985 vs APAAF: -16.31

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) %. Appia Rare Earths & Uranium'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.


Appia Rare Earths & Uranium Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Appia Rare Earths & Uranium'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.

Appia Rare Earths & Uranium Earnings Yield (Joel Greenblatt) % Chart

Appia Rare Earths & Uranium Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -15.85 -2.03 -2.25 -3.64 -25.64

Appia Rare Earths & Uranium Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.80 -10.10 -22.47 -25.64 -8.41

Competitive Comparison of Appia Rare Earths & Uranium's Earnings Yield (Joel Greenblatt) %

For the Uranium subindustry, Appia Rare Earths & Uranium'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.


Appia Rare Earths & Uranium's Earnings Yield (Joel Greenblatt) % Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Appia Rare Earths & Uranium's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Appia Rare Earths & Uranium's Earnings Yield (Joel Greenblatt) % falls into.



Appia Rare Earths & Uranium 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.

Appia Rare Earths & Uraniums Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-1.934/8.625134
=-22.42 %

Appia Rare Earths & Uranium'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 $-1.86 Mil.



Appia Rare Earths & Uranium  (OTCPK:APAAF) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Appia Rare Earths & Uranium Earnings Yield (Joel Greenblatt) % Related Terms

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Appia Rare Earths & Uranium (Appia Rare Earths & Uranium) Business Description

Traded in Other Exchanges
Address
2 Toronto Street, Suite 500, Toronto, ON, CAN, M5C 2B6
Appia Rare Earths & Uranium Corp operates as a mineral exploration company in Canada. It explores uranium and rare earth elements. The company holds interests in Alces Lake rare earth project as well as its Athabasca Basin uranium prospects.