What is Mattress Firm Holding Earnings Yield (Joel Greenblatt) %?
Mattress Firm Holding's Enterprise Value for the quarter that ended in Jul. 2016 was $2,472 Mil.
Mattress Firm Holding's EBIT for the trailing twelve months (TTM) ended in Jul. 2016 was $-66 Mil. Mattress Firm Holding's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jul. 2016 was -2.67%.
The historical rank and industry rank for Mattress Firm Holding's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MFRM's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Retail - Cyclical industry.
Industry Median: 4.855 * 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) %. Mattress Firm Holding's Forward Rate of Return (Yacktman) % for the quarter that ended in Jul. 2016 was -3.36%. 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.
Mattress Firm Holding Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Mattress Firm Holding'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.
For the Specialty Retail subindustry, Mattress Firm Holding'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.
Mattress Firm Holding's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Mattress Firm Holding's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Mattress Firm Holding'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.
Mattress Firm Holdings Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jan. 2016 is calculated as
Mattress Firm Holding's EBIT for the trailing twelve months (TTM) ended in Jul. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-66 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.
Mattress Firm Holding Earnings Yield (Joel Greenblatt) % Related Terms
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Mattress Firm Holding (Mattress Firm Holding) Business Description
Mattress Firm Holding Corp was incorporated in Delaware in January 2007. It is engaged in retail sale of mattresses and bedding-related products in metropolitan areas in the United States through company-operated and franchise-operated mattress specialty stores. The Company and its franchisees operated approximately 2,400 stores, under the Mattress Firm name, in 105 markets across 41 states. The Company's operating segments consist of its: company-operated store operations, with each geographic region considered a separate operating segment; e-commerce website operations; multi-channel sales operations, consisting of special events; and franchise operations, which consists of franchise fees and royalty income earned on the sales from franchisee-operated mattress specialty stores. The Company-operated store regions, e-commerce website and multi-channel operating segments are aggregated into single segment ("retail segment"). It offers approximately over 75 different models and styles of conventional and specialty mattresses, Conventional mattresses, Specialty mattresses, furniture and accessories, including bed frames, mattress pads and pillows. There are two distribution channels of Company, Wholesale & Retail. The U.S. wholesale mattress industry includes mattresses and their supporting box springs. The U.S. retail mattress market is made up of mattress specialty retailers, furniture retailers and department stores. It operates 55 distribution centers, supporting all of its company-operated stores. The Company's important trademarks include Mattress Firm, Comfort By Color, Mattress Firm Red Carpet Delivery Service, Hampton & Rhodes, Mattress Firm Super Center, Happiness Guarantee, Sleep Happy & among others. The Company's operations are subject to federal, state and local consumer protection regulations and other regulations relating specifically to the bedding industry.
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