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Softline AG (FRA:SFD1) Earnings Yield (Joel Greenblatt) % : -24.27% (As of Jun. 2022)


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What is Softline AG Earnings Yield (Joel Greenblatt) %?

Softline AG's Enterprise Value for the quarter that ended in Jun. 2022 was €5.95 Mil. Softline AG's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was €-1.44 Mil. Softline AG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was -24.27%.

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

FRA:SFD1's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Software industry.
Industry Median: 1.24
* Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.

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) %. Softline AG's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 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.


Softline AG Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Softline AG'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.

Softline AG Earnings Yield (Joel Greenblatt) % Chart

Softline AG Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13
Earnings Yield (Joel Greenblatt) %
- - - 10.10 3.04

Softline AG Quarterly Data
Mar16 Jun16 Sep16 Mar17 Jun17 Sep17 Mar18 Jun18 Sep18 Mar19 Jun19 Sep19 Mar20 Jun20 Sep20 Mar21 Jun21 Sep21 Mar22 Jun22
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 -0.84 -1.09 -3.62 -6.02 -24.27

Competitive Comparison of Softline AG's Earnings Yield (Joel Greenblatt) %

For the Information Technology Services subindustry, Softline AG'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.


Softline AG's Earnings Yield (Joel Greenblatt) % Distribution in the Software Industry

For the Software industry and Technology sector, Softline AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Softline AG 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.

Softline AGs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2013 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-3.104/-102.03784
=3.04 %

Softline AG's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was €-1.44 Mil.



Softline AG  (FRA:SFD1) 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.


Softline AG Earnings Yield (Joel Greenblatt) % Related Terms

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Softline AG (FRA:SFD1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Softline AG (FRA:SFD1) » Definitions » Earnings Yield (Joel Greenblatt) %
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Address
Gallery Gutenberg, Gutenberg Platz 1, Leipzig, DEU
Softline AG is a service provider in the market of information and communication technology (ICT). The company offers software asset management consulting, IT-security, virtualization and automatisation, unified communications, systems management, multivendor premium support, and managed services, as well as recruiting services.

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