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FEI Co (FEI Co) Earnings Yield (Joel Greenblatt) % : 3.19% (As of Jun. 2016)


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What is FEI Co Earnings Yield (Joel Greenblatt) %?

FEI Co's Enterprise Value for the quarter that ended in Jun. 2016 was $4,066.4 Mil. FEI Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2016 was $129.1 Mil. FEI Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2016 was 3.19%.

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

FEIC's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Hardware industry.
Industry Median: 3.35
* 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) %. FEI Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2016 was 5.36%. 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.


FEI Co Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for FEI Co'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.

FEI Co Earnings Yield (Joel Greenblatt) % Chart

FEI Co Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.78 7.70 4.69 3.74 5.02

FEI Co Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
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 4.80 5.10 5.02 4.32 3.19

Competitive Comparison of FEI Co's Earnings Yield (Joel Greenblatt) %

For the Scientific & Technical Instruments subindustry, FEI Co'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.


FEI Co's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, FEI Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



FEI Co 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.

FEI Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2015 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=148.486/2958.90945
=5.02 %

FEI Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $129.1 Mil.



FEI Co  (NAS:FEIC) 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.


FEI Co Earnings Yield (Joel Greenblatt) % Related Terms

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


FEI Co (FEI Co) Business Description

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Address
FEI Co was founded and incorporated in Oregon in 1971. It is a supplier of scientific instruments and related services for nanoscale applications and solutions for industry and science. It designs, manufactures, and supports the high-performance microscopy workflows that provide images and answers in the micro-, nano-, and picometer scales. The Company operates in two segments including Industry Group and the Science Group. The Industry Group consists of customers in semiconductor integrated circuit manufacturing and related industries such as manufacturers of data storage equipment and other technologies, as well as customers in the oil and gas industry. The tools developed for Industry Group customers are generally aimed at improving their processes to increase overall yields, whether in a semiconductor factory or at an oil and gas reservoir. For the semiconductor market, it shrinks line widths and process nodes of 16/14 nanometers and smaller, increasing complexity in their materials such as high-k metal gates and low-k dielectrics and increasing device complexity such as 3D transistor architectures; and this products are used in laboratories, near the fabrication line to speed new product development and increase yields by enabling 3D metrology for advanced process control, defect analysis, and root cause failure analysis. For the oil and gas market, its products are used to increase yields in oil and gas exploration and for laboratory analysis. It also provides support for products and customers for the entire life cycle of a tool from installation through the warranty period, and after the warranty period through contract coverage or on a time and materials basis. The Science Group includes universities, public and private research laboratories and customers in industries, including metals, automobiles, aerospace, geosciences and forensics. The tools developed for customers in the Science Group are generally aimed at the exploration and discovery of new materials and chemistries or solving for causes and cures of diseases. The tools are used in a laboratory and are generally not used in industrial applications. It also includes customers at universities, government laboratories and research institutes engaged in biotech and life sciences applications, as well as pharmaceutical and biotech companies. Its solutions enable scientific discovery and advancement for researchers and help manufacturers develop, analyze and produce advanced products. Its products are also used in root cause failure analysis and quality control applications across a range of industries. Its products' ultra-high resolution imaging allows structural biologists to create detailed 3D reconstructions of complex biological structures such as proteins and viruses. Cellular biologists use companies tools to correlate wide-field, lower resolution optical images with higher resolution electron microscope imaging. Its products are also used by drug researchers
Executives
Anthony L Trunzo officer: See Remarks 27700 SW PARKWAY AVENUE, WILSONVILLE OR 97070
Jami K Nachtsheim director
Don R Kania director, officer: See Remarks C/O FEI COMPANY, 5350 NE DAWSON CREEK DRIVE, HILLSBORO OR 97124
James T Richardson director 01396 SW MILITARY ROAD, PORTLAND OR 97219
Homa Bahrami director 4900 PATRICK HENRY DRIVE, SANTA CLARA CA 95054
Thomas F Kelly director 57 STEVENSON LANE, ATHERTON CA 94027
Gerhard H Parker director 3050 BOWERS AVE, SANTA CLARA CA 95054
Raymond A Link officer: Executive VP, CFO C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Benjamin Geklim Loh officer: EVP and COO C/O FEI COMPANY, 5350 NE DAWSON CREEK DRIVE, HILLSBORO OR 97124
Peter Frasso officer: Executive Vice President, COO

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