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Alteva (Alteva) Earnings Yield (Joel Greenblatt) % : -35.71% (As of Sep. 2015)


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What is Alteva Earnings Yield (Joel Greenblatt) %?

Alteva's Enterprise Value for the quarter that ended in Sep. 2015 was $21.30 Mil. Alteva's EBIT for the trailing twelve months (TTM) ended in Sep. 2015 was $-7.45 Mil. Alteva's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2015 was -35.71%.

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

ALTV's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Telecommunication Services industry.
Industry Median: 5.24
* 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) %. Alteva's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 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.


Alteva Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Alteva'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.

Alteva Earnings Yield (Joel Greenblatt) % Chart

Alteva Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.79 -0.59 -12.15 -8.37 -34.97

Alteva Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 -53.48 -34.97 -28.33 -19.12 -35.71

Competitive Comparison of Alteva's Earnings Yield (Joel Greenblatt) %

For the Telecom Services subindustry, Alteva'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.


Alteva's Earnings Yield (Joel Greenblatt) % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Alteva's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Alteva 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.

Altevas Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2014 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-6.616/18.95705
=-34.90 %

Alteva's EBIT for the trailing twelve months (TTM) ended in Sep. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.45 Mil.



Alteva  (AMEX:ALTV) 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.


Alteva Earnings Yield (Joel Greenblatt) % Related Terms

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Alteva (Alteva) Business Description

Traded in Other Exchanges
N/A
Address
Alteva Inc was incorporated in New York on January 16, 1902. The Company, together with its subsidiaries, is a provider of hosted Unified Communications as a Service "UCaaS" that enhances business productivity and efficiency. Its UCaaS solution integrates and optimizes cloud-based technologies and business applications to deliver a comprehensive voice, video and collaboration service for the office and mobile workforce. Its cloud-based UCaaS solutions are focused on medium, large and enterprise markets, which are defined as 20-500 users per location. The Company also operates as a regional Incumbent Local Exchange Carrier "ILEC" in southern Orange County, New York and northern New Jersey. The Company operates in two segments; Unified Communications and Telephone. Its Telephone segment provides local and toll telephone service, high-speed broadband and fiber Internet access services and satellite video services to residential and business customers. Its Unified Communications Solutions offers a comprehensive managed solution including hosted voice and hybrid Session Initiation Protocol trunks, with integrated instant messaging, presence, unified messaging and video along with local, long distance and international communications services. Its Business Productivity Application integration is fully integrated with a variety of business productivity applications including Microsoft Office, and Google Apps for Business. Its Audio Conferencing and Web Collaboration Solutions offers a range of collaboration solutions including screen sharing and group audio and web conferencing for over 3,000 participants. Its Access Solutions offers a range of access solutions for businesses ranging from T1s to fiber connections and MPLS circuits and it works closely with various providers to coordinate installation and support the connectivity. Its Wholesale Services offers a packaged solution including infrastructure and services. Its Network Design and Management develop and support the implementation of customized network and voice solutions. Its Local network services include traditional dial tone that is used to make or to receive voice, fax or analog modem calls from a residence or business. Its Network access services connect a customer's telephone or other equipment to the transmission facilities of other carriers that provides long distance and other communications services. Its directory service group publishes and sells yellow and white page advertising in both print and online. The Company competes with both premise-based voice and video providers such as Avaya and Cisco, as well as cloud-based voice and UC providers such as 8x8, Inc., Verizon and Comcast; its directory services competes with Yellow Book, Verizon, Frontier, and CenturyLink; and it broadband internet and dial-up internet services competes with Cablevision in New York and Service Electric in New Jersey.
Executives
Douglas Benedict director C/O VISTULA COMMUNICATIONS SERVICES, INC, 405 PARK AVENUE, SUITE 801, NEW YORK NY 10022
Brian J Kelley officer: CEO
Duane W Albro director 30 CEDAR LANE, BABYLON NY 11702

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