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EXCO Resources (EXCO Resources) Earnings Yield (Joel Greenblatt) % : 34.36% (As of Dec. 2018)


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What is EXCO Resources Earnings Yield (Joel Greenblatt) %?

EXCO Resources's Enterprise Value for the quarter that ended in Dec. 2018 was $436.1 Mil. EXCO Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2018 was $-153.3 Mil. EXCO Resources's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2018 was 34.36%.

The historical rank and industry rank for EXCO Resources's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

EXCE' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -81.3   Med: 0   Max: 0
Current: -81.3

EXCE's Earnings Yield (Joel Greenblatt) % is not ranked
in the Oil & Gas industry.
Industry Median: 6.215 vs EXCE: -81.30

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) %. EXCO Resources's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2018 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.


EXCO Resources Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for EXCO Resources'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.

EXCO Resources Earnings Yield (Joel Greenblatt) % Chart

EXCO Resources Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.29 -63.69 -9.83 -12.77 34.36

EXCO Resources Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
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 -12.77 -97.09 -90.91 -94.34 34.36

Competitive Comparison of EXCO Resources's Earnings Yield (Joel Greenblatt) %

For the Oil & Gas E&P subindustry, EXCO Resources'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.


EXCO Resources's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, EXCO Resources's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where EXCO Resources's Earnings Yield (Joel Greenblatt) % falls into.



EXCO Resources 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.

EXCO Resourcess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2018 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-153.298/436.104335
=-35.15 %

EXCO Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-153.3 Mil.



EXCO Resources  (OTCPK:EXCE) 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.


EXCO Resources Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of EXCO Resources's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


EXCO Resources (EXCO Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EXCO Resources Inc (OTCPK:EXCE) » Definitions » Earnings Yield (Joel Greenblatt) %
Traded in Other Exchanges
N/A
Address
12377 Merit Drive, Suite 1700, Dallas, TX, USA, 75251
EXCO Resources Inc is an oil and gas exploration and production company. Its operations include the exploration, acquisition, development, and production of oil and gas reserves. These activities take place in the company's onshore oilfields within the United States, and focus on shale resource plays. Its fields are located in key oil and gas areas, including Texas, Louisiana, and the Appalachian region. The Louisiana and Texas operations are the most productive fields. The majority of the company's revenue is generated from natural gas, with a smaller portion coming from oil.
Executives
Wl Ross & Co Llc 10 percent owner 2001 ROSS AVENUE, SUITE 3400, DALLAS TX 75201
Wlr Master Co-investment Gp Llc 10 percent owner 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Wlr Recovery Associates Iv Llc 10 percent owner 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Invesco Wlr Iv Associates Llc 10 percent owner 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Wlr Iv Parallel Esc Lp 10 percent owner 1166 AVENUE OF THE AMERICAS, 27TH FLOOR, NEW YORK NY 10036
Invesco Private Capital, Inc. 10 percent owner 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
810679 Ontario Ltd 10 percent owner 95 WELLINGTON STREET WEST SUITE 800, TORONTO ONTARIO CANADA A6 00000
Second 1109 Holdco Ltd. 10 percent owner 95 WELLINGTON ST W STE 800, TORONTO A6 M5J 2N7
Ffhl Group Ltd 10 percent owner FAIRFAX FINANCIAL HOLDINGS, 4405 CINNERCE CIYRT WEST, TORONTO ONTARIO A6 00000
Sixty Two Investment Co Ltd 10 percent owner 1600 CATHEDRAL PLACE, 925 W GEORGIA ST, VANCOUVER BC CANADA A1 V6C3L3
Fairfax Financial Holdings Ltd/ Can 10 percent owner FAIRFAX FINANCIAL HOLDINGS LTD, 95 WELLINGTON ST WEST STE 800, TORONTO A6 M5J 2N7
Watsa V Prem Et Al 10 percent owner 95 WELLINGTON STREET WEST, SUITE 800, TORONTO A6 M5J 2N7
Wilder John C Jr director 300 CRESCENT COURT, SUITE 1860, DALLAS TX 75201
Oaktree Value Opportunities Fund Holdings, L.p. director, 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Ocm Principal Opportunities Fund Iii Gp, L.p. director, 10 percent owner 333 S. GRAND AVE., 28TH FLOOR, LOS ANGELES CA 90071

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