What is Heavy Rare Earths Earnings Yield (Joel Greenblatt) %?
Heavy Rare Earths's Enterprise Value for the quarter that ended in Dec. 2023 was A$2.79 Mil.
Heavy Rare Earths does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in Dec. 2023. Therefore, GuruFocus does not calculate Heavy Rare Earths's Earnings Yield (Joel Greenblatt) at this moment.
The historical rank and industry rank for Heavy Rare Earths's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ASX:HRE'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -212.34 Med: 0 Max: 0
Current: -38.02
ASX:HRE's Earnings Yield (Joel Greenblatt) % is ranked worse than 78.25% of 2680
companies
in the Metals & Mining industry
Industry Median: -11.525
vs ASX:HRE: -38.02
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) %. Heavy Rare Earths'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.
Heavy Rare Earths Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Heavy Rare Earths'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.
Heavy Rare Earths Earnings Yield (Joel Greenblatt) % Chart
Heavy Rare Earths Annual Data
Trend
Jun23
Earnings Yield (Joel Greenblatt) %
-45.25
Heavy Rare Earths Semi-Annual Data
Jun22
Jun23
Dec23
Earnings Yield (Joel Greenblatt) %
-
-
-
Competitive Comparison of Heavy Rare Earths's Earnings Yield (Joel Greenblatt) %
For the Other Industrial Metals & Mining subindustry, Heavy Rare Earths'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.
Heavy Rare Earths's Earnings Yield (Joel Greenblatt) % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Heavy Rare Earths's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Heavy Rare Earths's Earnings Yield (Joel Greenblatt) % falls into.
Heavy Rare Earths 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.
Heavy Rare Earthss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2023 is calculated as
Heavy Rare Earths (ASX:HRE) 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.
Heavy Rare Earths Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Heavy Rare Earths's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Heavy Rare Earths Ltd is an Australian rare earth exploration company with projects in Western Australia and the Northern Territory. The firm's key exploration project is Cowalinya in Western Australia. This is a clay-hosted rare earth project. It holds interest in Duke rare earth project. Rare earth materials are used in a wide array of technology and future-facing applications, including smartphones, wind energy, and hybrid and electric vehicles.
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