What is Metalico Earnings Yield (Joel Greenblatt) %?
Metalico's Enterprise Value for the quarter that ended in Jun. 2015 was €75.3 Mil.
Metalico's EBIT for the trailing twelve months (TTM) ended in Jun. 2015 was €-44.6 Mil. Metalico's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2015 was -133.33%.
The historical rank and industry rank for Metalico's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:MT5'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -127.1 Med: 9 Max: 24.4
Current: -127.1
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Metalico was 24.40%. The lowest was -127.10%. And the median was 9.00%.
FRA:MT5's Earnings Yield (Joel Greenblatt) % is not ranked
in the Industrial Products industry.
Industry Median: 4.28
vs FRA:MT5: -127.10
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) %. Metalico'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.
Metalico Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Metalico'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 Metalico's Earnings Yield (Joel Greenblatt) %
For the Metal Fabrication subindustry, Metalico'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.
Metalico's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Metalico's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Metalico'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.
Metalicos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2014 is calculated as
Metalico'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 €-44.6 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.
Metalico Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Metalico's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Metalico Inc was originally organized as a Delaware corporation in August 1997. The Company along with its subsidiaries operates in two distinct business segments; scrap metal recycling and lead metal product fabricating. The Companys operating facilities include thirty-one scrap metal recycling facilities, including a combined aluminum de-oxidizing plant and four lead product manufacturing and fabricating plants. In the Scrap Metal Recycling segment, its operations mainly involves the collection and processing of ferrous and non-ferrous metals. It collects industrial and obsolete scrap metal, process it into reusable forms and supply the recycled metals to its consumers that include electric arc furnace mills, integrated steel mills, foundries, secondary smelters, aluminum recyclers and metal brokers. The Company acquires unprocessed scrap metals mainly in its local and regional markets and sells to consumers nationally and in Canada as well as to exporters and international brokers. Some of the metal commodities it recycles include steel, copper, aluminum, stainless steel, molybdenum, tantalum, platinum, lead and many others. In Lead Fabricating segment, through four physical operations located in three states, the Company consumes approximately 40 to 45 million pounds of lead metal per year that are utilized in more than one hundred different base products. Its products are sold nationally into diverse industries such as roofing, plumbing, radiation shielding for pharmaceutical and power generation, electronic solders, ammunition, automotive, Department of Defense contractors, and others. The Company sells its lead fabrications nationally. Products are sold to distributors, wholesalers, the plumbing and building trades, equipment manufacturers and other consumers. Its lead fabrication facilities compete against two fabricators of similar, but limited products based in the Southwest who distribute nationally and several smaller regional producers of similar products. To a lesser extent, it also competes against products imported from South America, Canada, Europe and Asia. The Company is subject to comprehensive and frequently changing Federal, state and local laws and regulations.
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