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Cache (CACH) Earnings Yield (Joel Greenblatt) %

: -81.30% (As of Sep. 2014)
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Cache's Enterprise Value for the quarter that ended in Sep. 2014 was $43.3 Mil. Cache's EBIT for the trailing twelve months (TTM) ended in Sep. 2014 was $-36.2 Mil. Cache's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was -81.30%.

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

CACH's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Retail - Cyclical industry.
Industry Median: 4.79
* 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) %. Cache's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2014 was -87.42%. 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.


Cache Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Cache'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.

Cache Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -56.18 -81.97 4.24 -78.74 -21.41

Cache Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
Earnings Yield (Joel Greenblatt) % 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 Premium Member Only Premium Member Only Premium Member Only -19.12 -21.41 -32.68 -64.94 -81.30

Competitive Comparison

For the Apparel Retail subindustry, Cache'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.


Cache Earnings Yield (Joel Greenblatt) % Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Cache's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Cache 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.

Caches Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2013 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-24.166/112.437797
=-21.49 %

Cache's EBIT for the trailing twelve months (TTM) ended in Sep. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $-36.2 Mil.



Cache  (OTCPK:CACH) 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.


Cache Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Cache's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Cache (CACH) Business Description

Industry
Traded in Other Exchanges
N/A
Address
256 West 38th Street, New York, NY, USA, 10018
Cache Inc is a nationwide, mall and Web-based specialty retailer of lifestyle sportswear and dresses targeting style-conscious women. The company's merchandise offerings include evening wear, casual and daytime sportswear, which encompasses a range of tops, bottoms, dresses, and accessories, all of which are sold under its Cache brand. The company operates its stores, primarily situated in central locations in high traffic, upscale malls. Its main activity includes designing and marketing of three categories of merchandise: Sportswear, Dresses, and Accessories. Sportswear consists of related tops and bottoms, dresses range from shorter lengths for day-time, cocktail, as well as day-into-evening wear to special occasion long dresses.
Executives
Marxe Austin W & Greenhouse David M 10 percent owner C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Thomas E Lynch 10 percent owner 382 GREENWICH AVE, SUITE ONE, GREENWICH CT 06830
Scott Scharfman 10 percent owner 382 GREENWICH AVE, SUITE ONE, GREENWICH CT 06830
Jay Margolis director, officer: Chief Executive Officer C/O BAIN CAPITAL CREDIT, LP, 200 CLARENDON STREET, BOSTON MA 02116
Michael F Price director, 10 percent owner C/O MFP INVESTORS LLC, 909 THIRD AVE, 33RD FLOOR, NEW YORK NY 10022
Mfp Partners Lp 10 percent owner 909 THIRD AVENUE, 33RD FLOOR, New York NY 10022
Mfp Investors Llc 10 percent owner 909 THIRD AVE, 33RD FLOOR, NEW YORK NY 10022
Charles Hinkaty director
Donna James officer: VP - Store Operations ONE MIRANOVA PLACE, SUITE 1040, COLUMBUS OH 43215

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