What is Flexible Solutions International Earnings Yield (Joel Greenblatt) %?
Flexible Solutions International's Enterprise Value for the quarter that ended in Dec. 2023 was $29.15 Mil.
Flexible Solutions International's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $4.12 Mil. Flexible Solutions International's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 14.14%.
The historical rank and industry rank for Flexible Solutions International's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FSI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8.33 Med: 14.16 Max: 40.14
Current: 13.53
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Flexible Solutions International was 40.14%. The lowest was -8.33%. And the median was 14.16%.
FSI's Earnings Yield (Joel Greenblatt) % is ranked better than 87.29% of 1574
companies
in the Chemicals industry
Industry Median: 4.215
vs FSI: 13.53
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) %. Flexible Solutions International's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 26.73%. 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.
Flexible Solutions International Earnings Yield (Joel Greenblatt) % Historical Data
* 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.
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Flexible Solutions International Earnings Yield (Joel Greenblatt) % Chart
For the Specialty Chemicals subindustry, Flexible Solutions International'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.
Flexible Solutions International's Earnings Yield (Joel Greenblatt) % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Flexible Solutions International's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Flexible Solutions International's Earnings Yield (Joel Greenblatt) % falls into.
Flexible Solutions International 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.
Flexible Solutions International's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $4.12 Mil.
Flexible Solutions International (AMEX:FSI) 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.
Flexible Solutions International Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Flexible Solutions International's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Flexible Solutions International (Flexible Solutions International) Business Description
Flexible Solutions International Inc develops, manufactures, and markets specialty chemicals that slow the evaporation of water. Its business is organized into two segments Energy and Water Conservation Products, and Biodegradable Polymers. It primarily offers a liquid swimming pool blanket under the WATERSAVR brand, which saves energy and water by inhibiting evaporation from the pool surface, a chemical product called HEATSAVR, for use in swimming pools and spas to slow the water evaporation. The firm also manufactures and markets water-soluble chemicals utilizing thermal polyaspartate biopolymers. It generates most of its revenues from the export of its products to international markets.
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