What is Castle Brands Earnings Yield (Joel Greenblatt) %?
Castle Brands's Enterprise Value for the quarter that ended in Jun. 2019 was $131.69 Mil.
Castle Brands's EBIT for the trailing twelve months (TTM) ended in Jun. 2019 was $2.94 Mil. Castle Brands's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2019 was 2.23%.
The historical rank and industry rank for Castle Brands's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ROX's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Beverages - Alcoholic industry.
Industry Median: 5.05 * 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) %. Castle Brands's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2019 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.
Castle Brands Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Castle Brands'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 Castle Brands's Earnings Yield (Joel Greenblatt) %
For the Beverages - Wineries & Distilleries subindustry, Castle Brands'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.
Castle Brands's Earnings Yield (Joel Greenblatt) % Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Castle Brands's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Castle Brands'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.
Castle Brandss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2019 is calculated as
Castle Brands's EBIT for the trailing twelve months (TTM) ended in Jun. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.94 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.
Castle Brands Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Castle Brands's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Castle Brands (Castle Brands) Business Description
Castle Brands Inc is a US based company engaged in developing and marketing premium and super premium brands in the beverage alcohol categories. Its product categories include rum, whiskey, liqueurs, vodka, tequila, wine, and other spirits, as well as ginger beer and ready-to-drink cocktails. Geographically business presence of the firm can be seen across the US and international market. The products are offered under Gosling's rum, Gosling's Stormy Ginger Beer, Jefferson's Bourbon, Jefferson's Reserve, Barrel Finished Cocktail, Jefferson's Presidential Select, Jefferson's Rye whiskey, Pallini liqueurs, Clontarf Irish whiskey, Knappogue Castle Whiskey, Brady's Irish Cream, Boru vodka, Gozio amaretto in many other brands. Castle derives revenue from the sale of these beverages.
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