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NEM (Newmont) Earnings Yield (Joel Greenblatt) % : -0.32% (As of Sep. 2024)


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What is Newmont Earnings Yield (Joel Greenblatt) %?

Newmont's Enterprise Value for the quarter that ended in Sep. 2024 was $67,371 Mil. Newmont's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 was $-216 Mil. Newmont's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2024 was -0.32%.

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

NEM' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8.69   Med: 3.44   Max: 11.76
Current: -0.36

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Newmont was 11.76%. The lowest was -8.69%. And the median was 3.44%.

NEM's Earnings Yield (Joel Greenblatt) % is ranked better than
79.09% of 2674 companies
in the Metals & Mining industry
Industry Median: -12.085 vs NEM: -0.36

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) %. Newmont's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2024 was -32.35%. 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.


Newmont Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Newmont'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.

Newmont Earnings Yield (Joel Greenblatt) % Chart

Newmont Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.85 6.95 2.75 0.44 -3.29

Newmont Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -0.30 -3.29 -3.85 -1.97 -0.32

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

For the Gold subindustry, Newmont'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.


Newmont's Earnings Yield (Joel Greenblatt) % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Newmont's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Newmont 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.

Newmonts Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-1788/54290.5611
=-3.29 %

Newmont's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-216 Mil.



Newmont  (NYSE:NEM) 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.


Newmont Earnings Yield (Joel Greenblatt) % Related Terms

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


Newmont Business Description

Industry
Address
6900 E Layton Avenue, Suite 700, Denver, CO, USA, 80237
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.
Executives
Thomas Ronald Palmer director, officer: President & CEO 6363 S FIDDLERS GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Peter Toth officer: EVP, Strategic Development 7900 E LAYTON AVENUE, SUITE 700, DENVER CO 80237
Joshua Cage officer: Interim Controller and CAO 6900 E LAYTON AVENUE, SUITE 700, DENVER CO 80237
Robert D Atkinson officer: EVP & COO 6363 S FIDDLERS GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Philip Aiken director 6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Sally-anne Layman director 6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Mark David Ebel officer: Interim Chief Legal Officer 6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Natascha Viljoen officer: EVP & COO 6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Suzanne P Retallack officer: CSSO 6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Karyn F. Ovelmen officer: EVP & CFO STATIONSPLEIN 45, ROTTERDAM P7 3013AK
Aaron Puna officer: EVP & CTO 6900 E. LAYTON AVE., SUITE 700, DENVER CO 80237
Mark Casper officer: Acting CTO 7900 E LAYTON AVENUE, SUITE 700, DENVER CO 80237
Nancy Buese officer: EVP & CFO 1515 ARAPAHOE STREET, DENVER CO 80202-2126
Stephen P Gottesfeld officer: EVP and Chief S&EA Officer 6363 SOUTH FIDDLER'S GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Bruce R Brook director 6363 SOUTH FIDDLER'S GREEN CIRCLE, GREENWOOD VILLAGE CO 80111