What is Ikanos Communications Earnings Yield (Joel Greenblatt) %?
Ikanos Communications's Enterprise Value for the quarter that ended in Jun. 2015 was €0.00 Mil.
Ikanos Communications's EBIT for the trailing twelve months (TTM) ended in Jun. 2015 was €-37.37 Mil. Ikanos Communications's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2015 was -129.87%.
The historical rank and industry rank for Ikanos Communications's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:I9J1'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -156.95 Med: 138.6 Max: 3395.2
Current: -156.95
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Ikanos Communications was 3395.20%. The lowest was -156.95%. And the median was 138.60%.
FRA:I9J1's Earnings Yield (Joel Greenblatt) % is not ranked
in the Hardware industry.
Industry Median: 3.13
vs FRA:I9J1: -156.95
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) %. Ikanos Communications's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2015 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.
Ikanos Communications Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Ikanos Communications'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.
Competitive Comparison of Ikanos Communications's Earnings Yield (Joel Greenblatt) %
For the Communication Equipment subindustry, Ikanos Communications'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.
Ikanos Communications's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Ikanos Communications's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ikanos Communications'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.
Ikanos Communicationss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2014 is calculated as
Ikanos Communications's EBIT for the trailing twelve months (TTM) ended in Jun. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was €-37.37 Mil.
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.
Ikanos Communications Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Ikanos Communications's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ikanos Communications (FRA:I9J1) Business Description
Ikanos Communications Inc was incorporated in the State of California in April 1999 and reincorporated in the State of Delaware in September 2005. The Company is a provider of advanced broadband semiconductor products and software for delivering high speed broadband solutions to the digital home. The Company's broadband multi-mode and digital subscriber line processors and other semiconductor offerings power carrier infrastructure and customer premise equipment for network equipment manufacturers who, in turn, serve telecommunications service providers. The Company has developed programmable, scalable chip architectures, which form the foundation for deploying and delivering multi-play services. This communications processor architecture with wire-speed packet processing capabilities enables high-performance end user devices capable of distributing advanced services in the home. These products support telecommunications services providers' multi-play deployment plans to the digital home while keeping their capital and operating expenditures low and have been deployed by service providers in Asia, Europe, and North and South America. The Company outsources all of its semiconductor fabrication, assembly, and test functions, which allows focusing on the design, development, sales, and marketing of its products and reduces the level of its capital investment. It offers multiple product lines that are designed to address different segments of the communications processor and the high-speed broadband DSL markets. The Company currently competes or expects to compete with, among others, Alcatel-Lucent, Broadcom Corporation, Cavium, Inc., Cortina Systems, Inc., Lantiq Deutschland GmbH, Marvell Technology Group Ltd., M/A-COM Technology Solutions Holdings, Inc., PMC-Sierra, Inc., Metanoia Communication, QUALCOMM Incorporated, Realtek Semiconductor Corp., and MediaTek Inc. As of December 29, 2013, the Company had over 285 patents issued in the United States and more than 35 companion patents issued in foreign jurisdictions.
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