GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Integrated Silicon Solution Inc (NAS:ISSI) » Definitions » Earnings Yield (Joel Greenblatt) %

Integrated Silicon Solution (Integrated Silicon Solution) Earnings Yield (Joel Greenblatt) % : 3.71% (As of Jun. 2015)


View and export this data going back to . Start your Free Trial

What is Integrated Silicon Solution Earnings Yield (Joel Greenblatt) %?

Integrated Silicon Solution's Enterprise Value for the quarter that ended in Jun. 2015 was $621.9 Mil. Integrated Silicon Solution's EBIT for the trailing twelve months (TTM) ended in Jun. 2015 was $22.7 Mil. Integrated Silicon Solution's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2015 was 3.71%.

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

ISSI's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Semiconductors industry.
Industry Median: 2.02
* Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.

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) %. Integrated Silicon Solution's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2015 was -5.27%. 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.


Integrated Silicon Solution Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Integrated Silicon Solution'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.

Integrated Silicon Solution Earnings Yield (Joel Greenblatt) % Chart

Integrated Silicon Solution Annual Data
Trend Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.30 23.92 2.25 16.56 11.42

Integrated Silicon Solution Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
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 10.75 11.42 8.61 6.55 3.71

Competitive Comparison of Integrated Silicon Solution's Earnings Yield (Joel Greenblatt) %

For the Semiconductors subindustry, Integrated Silicon Solution'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.


Integrated Silicon Solution's Earnings Yield (Joel Greenblatt) % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Integrated Silicon Solution's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Integrated Silicon Solution's Earnings Yield (Joel Greenblatt) % falls into.



Integrated Silicon Solution 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.

Integrated Silicon Solutions Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2014 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=33.254/291.24268
=11.42 %

Integrated Silicon Solution's EBIT for the trailing twelve months (TTM) ended in Jun. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $22.7 Mil.



Integrated Silicon Solution  (NAS:ISSI) 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.


Integrated Silicon Solution Earnings Yield (Joel Greenblatt) % Related Terms

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


Integrated Silicon Solution (Integrated Silicon Solution) Business Description

Traded in Other Exchanges
N/A
Address
Integrated Silicon Solution Inc, a Delaware corporation incorporated in October 27,1988. It is a fabless semiconductor company that designs and markets high performance integrated circuits for the automotive; communications; industrial, medical and military; and digital consumer markets. Its main products are low and medium density DRAM and high speed and low power SRAM. In particular, the Company's SRAM products are used in WLANs, cell phones, base stations, networking switches and routers, fiber to the home, DSL modems, LCD TVs, set-top boxes, GPS systems, instrumentation, engine control systems, medical equipment, telematics, audio and video equipment, satellite radio, POS terminals, fax machines, copiers, tape drives, and other applications. The Company's low and medium density DRAM products are used in WLANs, base stations, networking switches and routers, FTTH, DSL and cable modems, set top boxes, digital cameras, MP3, flat panel TVs, LCD TVs, HDTVs, video phones, voice over internet protocol, printers, disk drives, tape drives, audio/video equipment, instrumentation, GPS, telematics, infotainment, smart meters and other applications. In the low to medium density DRAM area, the Company competes with Elpida, Hynix, Micron, Nanya, Oki, Samsung and Winbond. In addition, there are several fabless Taiwanese companies that are competitors, including ESMT and Etron. In the analog market, the Company's main competitors include AMS, IWatt, Linear Technology, Maxim Integrated Products, MaxLinear, Microsemi and NXP Semiconductors. The Company outsources its manufacturing operations, including wafer fabrication, assembly and testing. The Company is subject to federal, state and local regulations relating to the use, handling, storage, disposal and human exposure to hazardous and toxic materials.
Executives
John Cobb officer: CFO C/O ISSI, 1940 ZANKER ROAD, SAN JOSE CA 95112
Starboard Value Gp Llc 10 percent owner, other: See Footnote 1 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value R Gp Llc 10 percent owner, other: See Footnote 1 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value R Lp 10 percent owner, other: See Footnote 1 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value & Opportunity C Lp 10 percent owner, other: See Footnote 1 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Cathal G Phelan 10 percent owner, other: See Explanation of Responses 400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Edward Terino 10 percent owner, other: See Explanation of Responses 17 CANTERBURY ROAD, WINDHAM NH 03087
Starboard Value & Opportunity S Llc 10 percent owner, other: See Footnote 1 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Principal Co Gp Llc 10 percent owner, other: See Footnote 1 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Principal Co Lp 10 percent owner, other: See Footnote 1 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value Lp 10 percent owner, other: See Footnote 1 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Mark R Mitchell 10 percent owner, other: See Footnote 1 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Oliver Press Investors, Llc 10 percent owner, other: See Explanation of Responses 152 WEST 57TH STREET NEW YORK NY 10019
Augustus K Oliver 10 percent owner, other: See Explanation of Responses C/O CORPORATE SECRETARY SCHOLASTIC CORP, 557 BROADWAY, NEW YORK NY 10012
Starboard Value & Opportunity Master Fund Ltd 10 percent owner, other: See Footnote 1 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017