What is Hochschild Mining Earnings Yield (Joel Greenblatt) %?
Hochschild Mining's Enterprise Value for the quarter that ended in Dec. 2023 was $1,250.7 Mil.
Hochschild Mining's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-29.6 Mil. Hochschild Mining's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -2.91%.
The historical rank and industry rank for Hochschild Mining's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HCHDY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -33.21 Med: 5.27 Max: 40.49
Current: -2.3
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Hochschild Mining was 40.49%. The lowest was -33.21%. And the median was 5.27%.
HCHDY's Earnings Yield (Joel Greenblatt) % is ranked better than 73.7% of 2677
companies
in the Metals & Mining industry
Industry Median: -11.87
vs HCHDY: -2.30
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) %. Hochschild Mining's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was -9.20%. 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.
Hochschild Mining Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Hochschild Mining'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 Hochschild Mining's Earnings Yield (Joel Greenblatt) %
For the Gold subindustry, Hochschild Mining'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.
Hochschild Mining's Earnings Yield (Joel Greenblatt) % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Hochschild Mining's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hochschild Mining'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.
Hochschild Minings Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 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.
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.
Hochschild Mining Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Hochschild Mining's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Hochschild Mining (Hochschild Mining) Business Description
Hochschild Mining PLC a precious metals company engages in the exploration, mining, processing, and sale of silver and gold deposits in the Americas. It primarily operates three mines located in southern Peru and one operating mine located in Argentina. The segment in which it operates includes Pallancata, San Jose, Inmaculada, Exploration, and Other. Its reportable segments are engaged in the sale of gold, silver, dore, and concentrate. The business of the company can be seen expanding across various geographical regions the USA, Peru, Canada, Germany, Switzerland, the United Kingdom, Korea and Japan of which group derives major revenue share from the Switzerland region.
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