Bolt Metals (XCNQ:BOLT) Earnings Yield (Joel Greenblatt) % : -135.14% (As of Dec. 2023)

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What is Bolt Metals Earnings Yield (Joel Greenblatt) %?

Bolt Metals's Enterprise Value for the quarter that ended in Dec. 2023 was C$0.46 Mil. Bolt Metals's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was C$-0.33 Mil. Bolt Metals's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -135.14%.

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

XCNQ:BOLT' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -70.7 Med: 0 Max: 0
Current: -24.81

XCNQ:BOLT's Earnings Yield (Joel Greenblatt) % is ranked worse than
68.68% of 2682 companies
in the Metals & Mining industry
Industry Median: -11.62 vs XCNQ:BOLT: -24.81

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) %. Bolt Metals'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.

Bolt Metals Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Bolt Metals'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.

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Bolt Metals Earnings Yield (Joel Greenblatt) % Chart

Bolt Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Earnings Yield (Joel Greenblatt) %

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-32.26

-76.92

-46.51

-277.78

-135.14

Bolt Metals Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Sep23	Dec23
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															-74.07	-116.28	-277.78	-47.85	-135.14

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

For the Other Industrial Metals & Mining subindustry, Bolt Metals'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.

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

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

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

Bolt Metals 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.

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

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	-0.617	/	0.456176
	=	-135.25 %

Bolt Metals'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$-0.33 Mil.

Bolt Metals (XCNQ:BOLT) 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

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

Bolt Metals Earnings Yield (Joel Greenblatt) % Related Terms

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

Bolt Metals (XCNQ:BOLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bolt Metals Corp (XCNQ:BOLT) » Definitions » Earnings Yield (Joel Greenblatt) %

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Traded in Other Exchanges

PCRCF:USA 6460:Germany

Address

Bellevue Centre, 235 - 15th Street, Suite 300, West Vancouver, Vancouver, BC, CAN, V7T 2X1

Website

https://www.boltmetals.com

Bolt Metals Corp is engaged in the acquisition and development of production-grade battery metals projects within the Asia-Pacific region. The company owns a nickel project named Cyclops located in Indonesia. It operates in a single reportable operating segment being the Acquisition and exploration of exploration and evaluation assets located in Indonesia and Canada.