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Clearday's Enterprise Value for the quarter that ended in Sep. 2023 was $74.40 Mil. Clearday's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was $-10.87 Mil. Clearday's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was -14.60%.
The historical rank and industry rank for Clearday's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 3 years, the highest Earnings Yield (Joel Greenblatt) of Clearday was -9.21%. The lowest was -20.22%. And the median was -14.60%.
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) %. Clearday's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 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.
The historical data trend for Clearday'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.
Clearday Annual Data | |||||||
Trend | Dec20 | Dec21 | Dec22 | ||||
Earnings Yield (Joel Greenblatt) % | - | -18.48 | -12.11 |
Clearday Quarterly Data | |||||||||||||
Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | -9.55 | -12.11 | -12.36 | -12.20 | -14.60 |
For the Medical Care Facilities subindustry, Clearday'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.
For the Healthcare Providers & Services industry and Healthcare sector, Clearday's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Clearday's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Cleardays Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | -10.735 | / | 88.68908 | |
= | -12.10 % |
Clearday's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-10.87 Mil.
Clearday (OTCPK:CLRD) 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.
Thank you for viewing the detailed overview of Clearday's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
James Walesa | director, 10 percent owner, officer: Chief Executive Officer | 1460 RENAISSANCE DR., #212, PARK RIDGE IL 60068 |
Watson Robert Glen Jr. | director | 602 ALTA AVENUE, SAN ANTONIO TX 78217 |
Billie Jay Parrish | director, officer: Chief Operating Officer | C/O CLEARDAY, INC., 8800 VILLAGE DRIVE, SUITE 106, SAN ANTONIO TX 78217 |
Elizabeth M. Caveness | director | 408 EAST CREEKVIEW DRIVE, HAMPSTEAD NC 28443 |
Alan H Channing | director | 263 W END AVE., APT 3A, NEW YORK NY 10023 |
Gary Sawina | officer: Executive Vice President | 17302 FOUNTAIN VIEW DRIVE, SAN ANTONIO TX 78248 |
Linda Carrasco | officer: President Memory Care America | 126 STEEL VALLEY DRIVE, BOERNE TX 78006 |
Richard M. Morris | officer: Executive Vice President | 11 AMALFI DRIVE, CORTLANDT MANOR NY 10567 |
Allied Integral United, Inc. | 10 percent owner | 2211 NW MILITARY HIGHWAY, SUITE 201, SAN ANTONIO TX 78213 |
Julia Suzanne Johnson | director | 1001 RIDDER PARK STREET, SAN JOSE CA 95131 |
Kopp Family Office, Llc | 10 percent owner | 8500 NORMANDALE LAKE BOULEVARD, SUITE 475, BLOOMINGTON MN 55437 |
Dan L Halvorson | director | 4780 EASTGATE MALL, SAN DIEGO CA 92121 |
Kenneth E Pfeiffer | officer: Vice President Engineering | 460 WARD DRIVE, SANTA BARBARA CA 93111 |
Thomas R Giunta | officer: VP Engineering | 460 WARD DRIVE, SANTA BARBARA CA 93111 |
Xiaoxiong Zhang | 10 percent owner | 3/F, BLOCK B, 11 LANGSHAN RD, HI-TECH INDUSTRIAL PK, NANSHAN DISTRICT, SHENZHEN F4 518057 |
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