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Horizon North Logistics private (Horizon North Logistics private) Earnings Yield (Joel Greenblatt) % : -66.67% (As of Mar. 2020)


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What is Horizon North Logistics private Earnings Yield (Joel Greenblatt) %?

Horizon North Logistics private's Enterprise Value for the quarter that ended in Mar. 2020 was $151.5 Mil. Horizon North Logistics private's EBIT for the trailing twelve months (TTM) ended in Mar. 2020 was $-103.4 Mil. Horizon North Logistics private's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2020 was -66.67%.

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

HZNOF's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Business Services industry.
Industry Median: 5.59
* 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) %. Horizon North Logistics private's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2020 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.


Horizon North Logistics private Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Horizon North Logistics private'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.

Horizon North Logistics private Earnings Yield (Joel Greenblatt) % Chart

Horizon North Logistics private Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.38 -6.18 -2.03 -2.28 -31.45

Horizon North Logistics private Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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 1.64 -2.03 -4.17 -31.45 -66.67

Competitive Comparison of Horizon North Logistics private's Earnings Yield (Joel Greenblatt) %

For the Specialty Business Services subindustry, Horizon North Logistics private'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.


Horizon North Logistics private's Earnings Yield (Joel Greenblatt) % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Horizon North Logistics private's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Horizon North Logistics private's Earnings Yield (Joel Greenblatt) % falls into.



Horizon North Logistics private 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.

Horizon North Logistics privates Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2019 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-80.71/259.23715
=-31.13 %

Horizon North Logistics private's EBIT for the trailing twelve months (TTM) ended in Mar. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-103.4 Mil.



Horizon North Logistics private  (OTCPK:HZNOF) 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.


Horizon North Logistics private Earnings Yield (Joel Greenblatt) % Related Terms

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Horizon North Logistics private (Horizon North Logistics private) Business Description

Traded in Other Exchanges
N/A
Address
240-4th Avenue SW, Suite 900, Calgary, AB, CAN, T2P 4H4
Horizon North Logistics Inc is a Canadian company which provides a range of industrial services and modular construction solutions. The operating segments of the company are Camps and Catering, Rentals and Logistics, and Modular Solutions. Camps and Catering segment includes camp management services, access solutions, and maintenance and utility services as well as handles catering operations. The Rentals and Logistics include all rental operations, mat rental operations, relocatable structures rental operations, transportation operations, and associated services. Its Modular Solutions comprised of all modular manufacturing and installation operations for commercial and residential end markets. Most of the company's revenue comes from Camps and Catering segment.

Horizon North Logistics private (Horizon North Logistics private) Headlines

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