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Diamond Resorts International (Diamond Resorts International) Earnings Yield (Joel Greenblatt) % : 9.68% (As of Jun. 2016)


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What is Diamond Resorts International Earnings Yield (Joel Greenblatt) %?

Diamond Resorts International's Enterprise Value for the quarter that ended in Jun. 2016 was $3,026 Mil. Diamond Resorts International's EBIT for the trailing twelve months (TTM) ended in Jun. 2016 was $293 Mil. Diamond Resorts International's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2016 was 9.68%.

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

DRII's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Travel & Leisure industry.
Industry Median: 4.18
* 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) %. Diamond Resorts International's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 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.


Diamond Resorts International Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Diamond Resorts 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.

* Premium members only.

Diamond Resorts International Earnings Yield (Joel Greenblatt) % Chart

Diamond Resorts International Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial - - 4.30 7.15 10.76

Diamond Resorts International Quarterly Data
Dec10 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 8.89 10.96 10.76 11.68 9.68

Competitive Comparison of Diamond Resorts International's Earnings Yield (Joel Greenblatt) %

For the Resorts & Casinos subindustry, Diamond Resorts 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.


Diamond Resorts International's Earnings Yield (Joel Greenblatt) % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Diamond Resorts International's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Diamond Resorts International's Earnings Yield (Joel Greenblatt) % falls into.



Diamond Resorts 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.

Diamond Resorts Internationals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2015 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=291.126/2705.118856
=10.76 %

Diamond Resorts International'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 $293 Mil.



Diamond Resorts International  (NYSE:DRII) 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.


Diamond Resorts International Earnings Yield (Joel Greenblatt) % Related Terms

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Diamond Resorts International (Diamond Resorts International) Business Description

Traded in Other Exchanges
N/A
Address
Diamond Resorts International Inc was incorporated as a Delaware corporation on January 11, 2013. The Company provides hospitality and vacation ownership services. The Company has an ownership base of more than 527,000 owner-families, or members, and a network of 307 vacation destinations located in 33 countries throughout the continental United States (U.S.), Hawaii, Canada, Mexico, the Caribbean, Central America, South America, Europe, Asia, Australia and Africa. Its resort network includes 93 resort properties with approximately 11,000units that they manage and 210 affiliated resorts and hotels and four cruise itineraries. The Company offers Vacations of a LifetimeTM--a simple way to acquire a lifetime of vacations at top destinations worldwide. The Company also manages seven multi-resort trusts. The Company operates the front desks, provide housekeeping, conduct maintenance and manage human resources services. It also operates, or outsource the operation of, amenities such as golf courses, food and beverage venues and retail shops, and the company provides an online reservation system, a customer service contact center, rental services, billing services, account collections, accounting and treasury functions and communications and information technology services. In addition to resort services, key components of its business are the Clubs, which enable its members to use their points to stay at resorts in its network. The Clubs offer its members a range of other benefits, such as the opportunity to purchase various products and services including consumer electronics, home appliances and insurance products from third parties at discounted prices. The Company's clubs include THE Club, which is the primary Club sold, and provides members access to all resorts in its network and offers the full range of member services, as well as other Clubs that enable their members to use their points to stay at specified resorts in its network and provide their members with a more limited offering of benefits. The Company refers to THE Club and other Club offerings as "the Clubs." . The vacation ownership industry enables individuals and families to purchase VOIs, which facilitates shared ownership and use of fully-furnished vacation accommodations at a particular resort or network of resorts. The Company markets and sells VOIs that provide access to its network of 93 Diamond Resorts managed resorts and 210 affiliated resorts and hotels and four cruise itineraries. The Company provides loans to eligible customers who purchase VOIs through its U.S., Mexican and St. Maarten sales centers and choose to finance their purchase. In marketing and selling VOIs, the company competes against the vacation ownership divisions of several established hospitality companies. These companies include Bluegreen Corporation, Disney (Disney Vacation Club), Four Seasons Resorts and Hotels, Hilton (Hilton Grand Vacations), Marriott Vacations Worldwide Corporation
Executives
Richard M Daley director THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
Hope S Taitz director C/O ATHENE HOLDING LTD., WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11
Jeffrey W Jones director P O BOX 7, VAIL CO 81658
David J Berkman director 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428
B. Scott Minerd director 2455 CORPORATE WEST DRIVE, LISLE IL 60532