What is Energy Developments Earnings Yield (Joel Greenblatt) %?
Energy Developments's Enterprise Value for the quarter that ended in Jun. 2015 was A$1,721.9 Mil.
Energy Developments's EBIT for the trailing twelve months (TTM) ended in Jun. 2015 was A$127.3 Mil. Energy Developments's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2015 was 7.40%.
The historical rank and industry rank for Energy Developments's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ASX:ENE'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.3 Med: 6.55 Max: 10.5
Current: 6.9
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Energy Developments was 10.50%. The lowest was 0.30%. And the median was 6.55%.
ASX:ENE's Earnings Yield (Joel Greenblatt) % is not ranked
in the Utilities - Regulated industry.
Industry Median: 6.56
vs ASX:ENE: 6.90
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) %. Energy Developments's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2015 was 35.36%. 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.
Energy Developments Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Energy Developments'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.
Energy Developments Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Energy Developments's Earnings Yield (Joel Greenblatt) %
For the Utilities - Regulated Electric subindustry, Energy Developments'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.
Energy Developments's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Energy Developments's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Energy Developments's Earnings Yield (Joel Greenblatt) % falls into.
Energy Developments 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.
Energy Developmentss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2015 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Energy Developments (ASX:ENE) 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.
Energy Developments Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Energy Developments's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Energy Developments (ASX:ENE) Business Description
Energy Developments Limited is an provider of low emissions, renewable and remote energy. It is involved in project development, finance, design, operation and maintenance of international power generating and energy delivery projects.
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