What is SilverCrest Mines Earnings Yield (Joel Greenblatt) %?
SilverCrest Mines's Enterprise Value for the quarter that ended in Jun. 2015 was CHF0.00 Mil.
SilverCrest Mines's EBIT for the trailing twelve months (TTM) ended in Jun. 2015 was CHF3.18 Mil. SilverCrest Mines's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2015 was 4.07%.
The historical rank and industry rank for SilverCrest Mines's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XSWX:SVL'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.1 Med: 13 Max: 27.7
Current: 3.33
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of SilverCrest Mines was 27.70%. The lowest was 1.10%. And the median was 13.00%.
XSWX:SVL's Earnings Yield (Joel Greenblatt) % is not ranked
in the Metals & Mining industry.
Industry Median: -11.58
vs XSWX:SVL: 3.33
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) %. SilverCrest Mines's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2015 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.
SilverCrest Mines Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for SilverCrest Mines'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 SilverCrest Mines's Earnings Yield (Joel Greenblatt) %
For the Gold subindustry, SilverCrest Mines'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.
SilverCrest Mines's Earnings Yield (Joel Greenblatt) % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, SilverCrest Mines's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where SilverCrest Mines'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.
SilverCrest Miness Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2014 is calculated as
SilverCrest Mines'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 CHF3.18 Mil.
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.
SilverCrest Mines Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of SilverCrest Mines's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
SilverCrest Mines Inc was incorporated on May 22, 1973 under the laws of Ontario as Equitable Mines Limited and changed its name to Magic Foods Inc. on July 24, 1985. The Company was continued on May 15, 1998 under the laws of British Columbia as "Lucre Ventures Ltd. The name of the Company was changed to "Strathclair Ventures Ltd." on September 5, 2001 and to "SilverCrest Mines Inc." on May 23, 2003. The Company is a Canadian precious metals producer with a silver and gold asset base and an operating mine located in Mexico. The Company's principal property is the 100% owned Santa Elena Project, which includes the Santa Elena Mine, located 150 kilometres northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The Santa Elena Mine is a high-grade, epithermal silver and gold deposit that is currently being operated as an open pit heap leach operation. The Company's other principal property is the La Joya Property in Durango state, Mexico which contains a large polymetallic deposit that is being explored with the aim of developing silver, copper, gold and tungsten resources. The Company also has a portfolio of other mineral properties, which comprise of the Cruz de Mayo Project (Mexico), the Ermitano Property (Mexico), the Silver Angel Project (Mexico) and the El Zapote Project (El Salvador).
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