What is Aegis Brands Earnings Yield (Joel Greenblatt) %?
Aegis Brands's Enterprise Value for the quarter that ended in Dec. 2023 was C$62.96 Mil.
Aegis Brands's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was C$2.67 Mil. Aegis Brands's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 4.24%.
The historical rank and industry rank for Aegis Brands's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSX:AEG'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -93.21 Med: -5.34 Max: 9.29
Current: 4.07
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Aegis Brands was 9.29%. The lowest was -93.21%. And the median was -5.34%.
TSX:AEG's Earnings Yield (Joel Greenblatt) % is ranked better than 52.66% of 357
companies
in the Restaurants industry
Industry Median: 3.54
vs TSX:AEG: 4.07
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) %. Aegis Brands's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.
Aegis Brands Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Aegis Brands'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 Aegis Brands's Earnings Yield (Joel Greenblatt) %
For the Restaurants subindustry, Aegis Brands'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.
Aegis Brands's Earnings Yield (Joel Greenblatt) % Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Aegis Brands's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Aegis Brands'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.
Aegis Brandss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Aegis Brands's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$2.67 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.
Aegis Brands Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Aegis Brands's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Aegis Brands Inc. is a consolidator of brands in the food and beverage space with the view to allow entrepreneurial spirit while providing shared services that encourage unlimited growth.. The company operates the Second Cup Coffee Co TM specialty coffee business as part of a portfolio of brands that also includes its retail brands Bridgehead Coffee and Hemisphere Cannabis CoTM. The company owns the trademarks, trade names, operating procedures and systems and other intellectual property used in connection with the operation of these brands in Canada. Its revenues comprise royalties from franchised cafes, the sale of goods from company-operated cafes and retail cannabis dispensaries, the sale of goods through retail and other ancillary channels, and other service fees.
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