What is Thessaloniki Port Authority Earnings Yield (Joel Greenblatt) %?
Thessaloniki Port Authority's Enterprise Value for the quarter that ended in Jun. 2023 was €207.09 Mil.
Thessaloniki Port Authority's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was €24.88 Mil. Thessaloniki Port Authority's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2023 was 0.00%.
The historical rank and industry rank for Thessaloniki Port Authority's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ATH:OLTH'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.85 Med: 14.26 Max: 32.4
Current: 14.24
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Thessaloniki Port Authority was 32.40%. The lowest was 5.85%. And the median was 14.26%.
ATH:OLTH's Earnings Yield (Joel Greenblatt) % is ranked better than 80.54% of 1002
companies
in the Transportation industry
Industry Median: 6.78
vs ATH:OLTH: 14.24
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) %. Thessaloniki Port Authority's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 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.
Thessaloniki Port Authority Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Thessaloniki Port Authority'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.
Thessaloniki Port Authority Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Thessaloniki Port Authority's Earnings Yield (Joel Greenblatt) %
For the Marine Shipping subindustry, Thessaloniki Port Authority'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.
Thessaloniki Port Authority's Earnings Yield (Joel Greenblatt) % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Thessaloniki Port Authority's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Thessaloniki Port Authority's Earnings Yield (Joel Greenblatt) % falls into.
Thessaloniki Port Authority 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.
Thessaloniki Port Authoritys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
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.
Thessaloniki Port Authority (ATH:OLTH) 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.
Thessaloniki Port Authority Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Thessaloniki Port Authority's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Thessaloniki Port Authority (ATH:OLTH) Business Description
Thessaloniki Port Authority SA is a shipping company based in Greece. It manages the port of Thessaloniki and provides ship berthing, anchoring, mooring, loading, unloading and cargo handling and passenger services along with add-on services like water, electricity, telephone connections, The company's operational areas are categorized into four, which are vessels, containers, event halls and parking services. Most of its revenues are obtained from its container and vessel operations catering to industries, shipping agents, container transportation companies, and freight transport companies. The Event halls are another aspect of its service area, wherein the company provides premises to host multipurpose activities.
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