Brightstar Resources (ASX:BTR) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Dec. 2023)

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What is Brightstar Resources Earnings Yield (Joel Greenblatt) %?

Brightstar Resources's Enterprise Value for the quarter that ended in Dec. 2023 was A$35.73 Mil. Brightstar Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was A$-3.93 Mil. Brightstar Resources's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 0.00%.

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

ASX:BTR' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -80.96 Med: -47.44 Max: -8.76
Current: -8.76

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Brightstar Resources was -8.76%. The lowest was -80.96%. And the median was -47.44%.

ASX:BTR's Earnings Yield (Joel Greenblatt) % is ranked better than
56.46% of 2676 companies
in the Metals & Mining industry
Industry Median: -11.86 vs ASX:BTR: -8.76

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) %. Brightstar Resources'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.

Brightstar Resources Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Brightstar Resources'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.

Brightstar Resources Earnings Yield (Joel Greenblatt) % Chart

Brightstar Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Earnings Yield (Joel Greenblatt) %

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-8.08

370.37

-19.84

12.80

Brightstar Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															-	-19.84	-	12.80	-

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

For the Gold subindustry, Brightstar Resources'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.

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

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

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

Brightstar Resources 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.

Brightstar Resourcess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2023 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	2.305	/	18.00722
	=	12.80 %

For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.

Brightstar Resources (ASX:BTR) 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.

Brightstar Resources Earnings Yield (Joel Greenblatt) % Related Terms

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

Brightstar Resources (ASX:BTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Brightstar Resources Ltd (ASX:BTR) » Definitions » Earnings Yield (Joel Greenblatt) %

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Traded in Other Exchanges

N/A

Address

36 Rowland Street, Level 2, Subiaco, WA, AUS, 6008

Website

http://www.brightstarresources.com.au

Brightstar Resources Ltd is a gold exploration company. It is engaged in the exploration, mining, and processing of gold. The project portfolio includes the Cork Tree Well, Alpha, and Beta.