What is Multi-Fineline Electronix Earnings Yield (Joel Greenblatt) %?
Multi-Fineline Electronix's Enterprise Value for the quarter that ended in Mar. 2016 was $366.0 Mil.
Multi-Fineline Electronix's EBIT for the trailing twelve months (TTM) ended in Mar. 2016 was $29.1 Mil. Multi-Fineline Electronix's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2016 was 7.96%.
The historical rank and industry rank for Multi-Fineline Electronix's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MFLX'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) %. Multi-Fineline Electronix'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.
Multi-Fineline Electronix Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Multi-Fineline Electronix'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 Multi-Fineline Electronix's Earnings Yield (Joel Greenblatt) %
For the Electronic Components subindustry, Multi-Fineline Electronix'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.
Multi-Fineline Electronix's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Multi-Fineline Electronix's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Multi-Fineline Electronix'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.
Multi-Fineline Electronixs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2015 is calculated as
Multi-Fineline Electronix'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 $29.1 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.
Multi-Fineline Electronix Earnings Yield (Joel Greenblatt) % Related Terms
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Multi-Fineline Electronix (Multi-Fineline Electronix) Business Description
Multi-Fineline Electronix Inc was incorporated in October 1984 in the State of California and reincorporated in the state of Delaware on June 4, 2004. The Company is engaged in the engineering, design and manufacture of flexible printed circuit boards along with related component assemblies. With facilities in Irvine, California; Suzhou, China; Chengdu, China; Cambridge, England; Korea; Taiwan; and Singapore, it offers service and support base for the sale, design and manufacture of flexible interconnect solutions. It is also a provider of technologically, flexible printed circuits and value-added component assembly solutions to the electronics industry. Current application products include mobile phones, smartphones, tablets, personal computers, consumer products, portable bar code scanners, computer/data storage and medical devices. The Company provides solutions to original equipment manufacturers (OEMs), such as Apple Inc., and to electronic manufacturing services ("EMS") providers such as Foxconn Electronics, Inc. The Company's business model and the way it approaches the markets which it serves, is based on value added engineering and providing technology solutions to its customers, facilitating the miniaturization of portable electronics. The Company is a provider of single, double-sided, multi-layer and air-gapped flexible printed circuit technology, component assemblies and rigid-flex circuits. Its customers include OEMs and EMS providers in a sector of the electronics industry. It competes with a number of Asian providers, such as Nippon Mektron Ltd., Interflex Co. Ltd., Zhen Ding Technology Holding Ltd., HI-P (Shanghai) Technology Co. Ltd., Career Technology (MFG) Co. Ltd., Flexium Interconnect, Inc., Sumitomo Electric Industries Ltd., and Fujikura Ltd.
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