What is Sanima Middle Tamor Hydropower Earnings Yield (Joel Greenblatt) %?
Sanima Middle Tamor Hydropower's Enterprise Value for the quarter that ended in . 20 was NPR0.00 Mil.
Sanima Middle Tamor Hydropower does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in . 20. Therefore, GuruFocus does not calculate Sanima Middle Tamor Hydropower's Earnings Yield (Joel Greenblatt) at this moment.
The historical rank and industry rank for Sanima Middle Tamor Hydropower's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XNEP:TAMOR's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 4.595 * 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) %. Sanima Middle Tamor Hydropower's Forward Rate of Return (Yacktman) % for the quarter that ended in . 20 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.
* 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.
For the Utilities - Renewable subindustry, Sanima Middle Tamor Hydropower'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.
Sanima Middle Tamor Hydropower's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Sanima Middle Tamor Hydropower's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Sanima Middle Tamor Hydropower'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.
Sanima Middle Tamor Hydropowers Earnings Yield (Joel Greenblatt) for the fiscal year that ended in . 20 is calculated as
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.
Thank you for viewing the detailed overview of Sanima Middle Tamor Hydropower's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Sanima Middle Tamor Hydropower (XNEP:TAMOR) Business Description
Sanima Middle Tamor Hydropower Ltd is a Special Purpose Vehicle (SPV) Company for the implementation and operation of the Middle Tamor Hydropower Project. The company currently operates Middle Tamor Hydropower Project (MTHP), which is a run-of-river (RoR) project with an installed capacity of 73 MW. The headworks of the project are located in Phungling Municipality and Phaktanglung Rural Municipality and the Powerhouse (PH) is located in Mikwa Khola Rural Municipality at the right bank of the Tamor River in Taplejung district.
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