What is MoneyGram International Earnings Yield (Joel Greenblatt) %?
MoneyGram International's Enterprise Value for the quarter that ended in Mar. 2023 was $-600 Mil.
MoneyGram International's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 was $91 Mil. MoneyGram International's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2023 was -15.15%.
The historical rank and industry rank for MoneyGram International's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MGI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -21.12 Med: -2.33 Max: 25.29
Current: -16.72
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of MoneyGram International was 25.29%. The lowest was -21.12%. And the median was -2.33%.
MGI's Earnings Yield (Joel Greenblatt) % is not ranked
in the Credit Services industry.
Industry Median: 0.87
vs MGI: -16.72
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) %. MoneyGram International's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2023 was 0.52%. 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.
MoneyGram International Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for MoneyGram International'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.
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MoneyGram International Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of MoneyGram International's Earnings Yield (Joel Greenblatt) %
For the Credit Services subindustry, MoneyGram International'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.
MoneyGram International's Earnings Yield (Joel Greenblatt) % Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, MoneyGram International's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where MoneyGram International's Earnings Yield (Joel Greenblatt) % falls into.
MoneyGram International 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.
MoneyGram Internationals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
MoneyGram International's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $91 Mil.
MoneyGram International (NAS:MGI) 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.
MoneyGram International Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of MoneyGram International's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
MoneyGram International (MoneyGram International) Business Description
MoneyGram International Inc offers products and services under its two reporting segments; Global Funds Transfer, which is the core revenue generator, and Financial Paper Products. The Global Funds Transfer segment provides global money transfer services and bill payment services to consumers. It primarily offers services through third-party agents, including retail chains, independent retailers, post offices and other financial institutions. The company also offer Digital solutions such as moneygram.com, mobile solutions, account deposit and kiosk-based services. The Financial Paper Products segment provides official check outsourcing services and money orders through financial institutions and agent locations. The group operates in the United States and other countries.
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