What is Fuel Systems Solutions Earnings Yield (Joel Greenblatt) %?
Fuel Systems Solutions's Enterprise Value for the quarter that ended in Mar. 2016 was $50.7 Mil.
Fuel Systems Solutions's EBIT for the trailing twelve months (TTM) ended in Mar. 2016 was $-37.9 Mil. Fuel Systems Solutions's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2016 was -74.63%.
The historical rank and industry rank for Fuel Systems Solutions's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FSYS's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Vehicles & Parts industry.
Industry Median: 5.695 * 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) %. Fuel Systems Solutions's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2016 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.
Fuel Systems Solutions Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Fuel Systems Solutions'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.
Fuel Systems Solutions Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Fuel Systems Solutions's Earnings Yield (Joel Greenblatt) %
For the Auto Parts subindustry, Fuel Systems Solutions'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.
Fuel Systems Solutions's Earnings Yield (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Fuel Systems Solutions's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Fuel Systems Solutions's Earnings Yield (Joel Greenblatt) % falls into.
Fuel Systems Solutions 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.
Fuel Systems Solutionss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2015 is calculated as
Fuel Systems Solutions's EBIT for the trailing twelve months (TTM) ended in Mar. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-37.9 Mil.
Fuel Systems Solutions (NAS:FSYS) 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.
Fuel Systems Solutions Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Fuel Systems Solutions's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Fuel Systems Solutions (Fuel Systems Solutions) Business Description
Fuel Systems Solutions Inc was incorporated in 1985. The Company designs, manufactures and supplies alternative fuel components and systems for use in the transportation and industrial markets. Its components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas used in internal combustion engines. The Company is directly involved in two markets: automotive and industrial. Industrial segment consists of the Company's industrial mobile and stationary equipment and auxiliary power unit (APU), and the Company's heavy duty commercial transportation operations. Automotive segment consists of the Company's passenger and light duty commercial transportation (automotive OEM and aftermarket) and transportation infrastructure operations (compressors). Its products include gaseous fuel regulators, fuel shut-off valves, fuel metering and delivery systems, complete engine systems, auxiliary power systems and electronic controls for use in internal combustion engines for the transportation, industrial and power generation markets. It sells products through a network encompassing distributors and dealers in more than 60 countries and through a sales force that develops sales with distributors, OEMs and end-users. It manufactures and assembles a majority of its products at its facilities in Santa Ana, California, Union City, Indiana, Kitchener, Canada, Beccar, Argentina and Cherasco, Italy and to a lesser extent at some of its other international facilities. Its competitors in gaseous fuel delivery products, accessory components and engine conversions markets include Westport Innovations Inc. located in Canada; Enovation Controls LLC and Woodward, Inc. located in North America; Landi Group and O.M.T. Tartarini, S.r.L. located in Italy; and Nikki Company Ltd. located in Japan.
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