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Highwater Ethanol LLC (Highwater Ethanol LLC) Earnings Yield (Joel Greenblatt) % : 26.25% (As of Jan. 2024)


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What is Highwater Ethanol LLC Earnings Yield (Joel Greenblatt) %?

Highwater Ethanol LLC's Enterprise Value for the quarter that ended in Jan. 2024 was $58.9 Mil. Highwater Ethanol LLC's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was $15.5 Mil. Highwater Ethanol LLC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was 26.25%.

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

HEOL' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -21.2   Med: 11.03   Max: 124.4
Current: 25.71

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Highwater Ethanol LLC was 124.40%. The lowest was -21.20%. And the median was 11.03%.

HEOL's Earnings Yield (Joel Greenblatt) % is not ranked
in the Oil & Gas industry.
Industry Median: 6.215 vs HEOL: 25.71

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) %. Highwater Ethanol LLC's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 2024 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.


Highwater Ethanol LLC Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Highwater Ethanol LLC'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.

Highwater Ethanol LLC Earnings Yield (Joel Greenblatt) % Chart

Highwater Ethanol LLC Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -15.50 -13.55 52.08 138.89 39.84

Highwater Ethanol LLC Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 48.78 29.07 25.25 39.84 26.25

Competitive Comparison of Highwater Ethanol LLC's Earnings Yield (Joel Greenblatt) %

For the Oil & Gas Refining & Marketing subindustry, Highwater Ethanol LLC'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.


Highwater Ethanol LLC's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Highwater Ethanol LLC's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Highwater Ethanol LLC's Earnings Yield (Joel Greenblatt) % falls into.



Highwater Ethanol LLC 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.

Highwater Ethanol LLCs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Oct. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=16.966/42.64125
=39.79 %

Highwater Ethanol LLC's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $15.5 Mil.



Highwater Ethanol LLC  (GREY:HEOL) 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.

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


Highwater Ethanol LLC Earnings Yield (Joel Greenblatt) % Related Terms

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Highwater Ethanol LLC (Highwater Ethanol LLC) Business Description

Industry
Traded in Other Exchanges
N/A
Address
24500 US Highway 14, P.O. Box 96, Lamberton, MN, USA, 56152
Highwater Ethanol LLC is engaged in the production of ethanol and distillers grains at the plant. It focuses on the manufacturing and marketing of fuel-grade ethanol and the co-products of the ethanol production process. Its products include fuel-grade ethanol, distillers grains, and corn oil. The company produces and sells fuel ethanol and co-products of the fuel ethanol production process in the continental United States.
Executives
Gerald R Forsythe director 600 N BUFFALO GROVE RD, BUFFALO GROVE IL 60089
Mark Warren Pankonin director 23620 COUNTY ROAD 4 LAMBERTON MN 56152
David Richard Eis officer: Governor 26116 GARDEN AVE WABASSO MN 56293
Lucas Grant Schneider officer: Chief Financial Officer 2858 LINDEN AVENUE SLAYTON MN 56172
Luke T Spalj other: Govenor 1360 POST OAK BLVD, STE 2100, HOUSTON TX 77056
Scott A Brittenham director 4400 E. BROADWAY SUITE 600 TUSCON AZ 85711
Rex Roehl director 600 NORTH BUFFALO GROVE ROAD, SUITE 300 BUFFALO GROVE IL 60089
Mark W Peterson officer: CFO 712 W VICTORY LANE SIOUX FALLS SD 57108
Jason Ray Fink director 3903 COVEY TR MINNETRISTA MN 55375
George Michael Goblish director 32866 DAYTON AVENUE VESTA MN 56292
Ronald Eric Jorgenson director 33689 CO ROAD 4 JEFFERS MN 56145
Brian D Kletscher director, officer: CEO 26161 140TH ST LAMBERTON MN 56152
Michael John Landuyt director 13526 CAMP AVENUE WALNUT GROVE MN 56180
Todd Allen Reif director 123 SAVANNAH HEIGHTS BLVD LYND MN 56175
Monica Rose Anderson director 2736 211TH STREET WALNUT GROVE MN 56180

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