What is Dixons Retail Earnings Yield (Joel Greenblatt) %?
Dixons Retail's Enterprise Value for the quarter that ended in Apr. 2014 was £1,577 Mil.
Dixons Retail's EBIT for the trailing twelve months (TTM) ended in Apr. 2014 was £173 Mil. Dixons Retail's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2014 was 11.99%.
The historical rank and industry rank for Dixons Retail's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LSE:DXNS'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.4 Med: 9.9 Max: 18.9
Current: 10.3
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Dixons Retail was 18.90%. The lowest was 3.40%. And the median was 9.90%.
LSE:DXNS's Earnings Yield (Joel Greenblatt) % is not ranked
in the Retail - Cyclical industry.
Industry Median: 4.84
vs LSE:DXNS: 10.30
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) %. Dixons Retail's Forward Rate of Return (Yacktman) % for the quarter that ended in Apr. 2014 was 5.78%. 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.
Dixons Retail Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Dixons Retail'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 Dixons Retail's Earnings Yield (Joel Greenblatt) %
For the Specialty Retail subindustry, Dixons Retail'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.
Dixons Retail's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Dixons Retail's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dixons Retail'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.
Dixons Retails Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Apr. 2014 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.
Dixons Retail Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Dixons Retail's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Dixons Retail PLC is an electrical retailer and service company which sell consumer electronics, personal computers, domestic appliances, photographic equipment, communication products and related services. The Group's reportable segments are; UK & Ireland comprises of electrical and computing retail chains as well as business to business activities. The division is engaged in multi-channel retail sales, associated peripherals and services and related financial and after sales services and also in business to business sales of computer hardware and software; Nordics operates in Norway, Sweden, Finland, Denmark, Iceland, Greenland and the Faroe Islands. The division engages in multi-channel retail sales and provided related product support services to its customers; Other International comprises operations in Italy, Greece, the Czech Republic, Slovakia, Turkey and the business to be closed in Spain which is excluded from underlying results. The Other International division engages in retail sales and provides related product support services to its customers in all of its markets; and Pure play e-commerce comprises pure play online retailers and operates in all of the countries in which the other divisions operate and across Europe.
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