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Krispy Kreme Doughnuts's Enterprise Value for the quarter that ended in Apr. 2016 was $1,043.4 Mil. Krispy Kreme Doughnuts's EBIT for the trailing twelve months (TTM) ended in Apr. 2016 was $51.8 Mil. Krispy Kreme Doughnuts's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2016 was 4.79%.
The historical rank and industry rank for Krispy Kreme Doughnuts's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
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) %. Krispy Kreme Doughnuts's Forward Rate of Return (Yacktman) % for the quarter that ended in Apr. 2016 was 22.37%. 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.
The historical data trend for Krispy Kreme Doughnuts'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.
Krispy Kreme Doughnuts Annual Data | |||||||||||||||||||||
Trend | Jan07 | Jan08 | Jan09 | Jan10 | Jan11 | Jan12 | Jan13 | Jan14 | Jan15 | Jan16 | |||||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 6.64 | 4.69 | 4.32 | 4.00 | 6.04 |
Krispy Kreme Doughnuts Quarterly Data | ||||||||||||||||||||
Jul11 | Oct11 | Jan12 | Apr12 | Jul12 | Oct12 | Jan13 | Apr13 | Jul13 | Oct13 | Jan14 | Apr14 | Jul14 | Oct14 | Jan15 | Apr15 | Jul15 | Oct15 | Jan16 | Apr16 | |
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 4.52 | 4.46 | 6.20 | 6.04 | 4.79 |
For the Restaurants subindustry, Krispy Kreme Doughnuts'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.
For the Restaurants industry and Consumer Cyclical sector, Krispy Kreme Doughnuts's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Krispy Kreme Doughnuts'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.
Krispy Kreme Doughnutss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jan. 2016 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | 53.472 | / | 885.34954 | |
= | 6.04 % |
Krispy Kreme Doughnuts's EBIT for the trailing twelve months (TTM) ended in Apr. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $51.8 Mil.
Krispy Kreme Doughnuts (NYSE:KKD) 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.
Thank you for viewing the detailed overview of Krispy Kreme Doughnuts's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tim E Bentsen | director | 5 CONCOURSE PARKWAY, SUITE 2650, ATLANTA GA 30328 |
Andrew J Schindler | director | 1301 AVENUE OF THE AMERICAS, NEW YORK NY 10019 |
Charles A Blixt | director | 1301 AVENUE OF THE AMERICAS, NEW YORK NY 10019 |
Lynn Crump Caine | director | 370 KNOLLWOOD STREET, SUITE 500, WINSTON-SALEM NC 27103 |
Lizanne Thomas | director | 1420 PEACHTREE STREET NE, SUITE 800, ATLANTA GA 30309 |
Anthony N Thompson | director, officer: President and CEO | P.O. BOX 99900, LOUISVILLE KY 40269 |
Cooper George Price Iv | officer: EVP & CFO | 6040 DUTCHMANS LANE, LOUISVILLE KY 40205 |
James H Morgan | director | PO BOX 1012 121 W TRADE STREET, STE 1500, CHARLOTTE NC 28201 |
Darryl R. Marsch | officer: SVP & General Counsel | 370 KNOLLWOOD STREET, SUITE 500, WINSTON-SALEM NC 27103 |
Michael H Sutton | director | C/O ALLEGHENY ENERGY, INC., 800 CABIN HILL DRIVE, GREENSBURG PA 15601 |
West Togo D Jr | director | 370 KNOLLWOOD ST, STE 500, WINSTON-SALEM NC 27103 |
Jeffrey B Welch | officer: Senior Vice President | 111 N. CANAL, SUITE 850, CHICAGO IL 60606 |
Robert P Stiller | 10 percent owner | 515 N. FLAGLER DR., SUITE 1702, WEST PALM BEACH FL 33401 |
Kenneth A May | officer: President and COO | 13155 NOEL ROAD, SUITE 1600, THREE GALLERIA TOWER, DALLAS TX 75240 |
Daryl G Brewster | director, officer: President & CEO | KRISPY KREME DOUGHNUTS, INC., 370 KNOLLWOOD STREET, SUITE 500, WINSTON-SALEM NC 27103 |
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