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McEwen Mining (McEwen Mining) Earnings Yield (Joel Greenblatt) %

: -27.93% (As of Dec. 2023)
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McEwen Mining's Enterprise Value for the quarter that ended in Dec. 2023 was $373.2 Mil. McEwen Mining's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-104.3 Mil. McEwen Mining's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -27.93%.

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

MUX' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -47.27   Med: -9.23   Max: 3.61
Current: -18.55

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of McEwen Mining was 3.61%. The lowest was -47.27%. And the median was -9.23%.

MUX's Earnings Yield (Joel Greenblatt) % is ranked worse than
60.91% of 2663 companies
in the Metals & Mining industry
Industry Median: -12.22 vs MUX: -18.55

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) %. McEwen Mining's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.


McEwen Mining Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for McEwen Mining'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.

McEwen Mining Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10.99 -39.22 -13.83 -21.51 -27.93

McEwen Mining Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Earnings Yield (Joel Greenblatt) % 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 Premium Member Only Premium Member Only Premium Member Only -21.51 -20.58 -30.77 -35.34 -27.93

Competitive Comparison

For the Other Precious Metals & Mining subindustry, McEwen Mining'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.


McEwen Mining Earnings Yield (Joel Greenblatt) % Distribution

For the Metals & Mining industry and Basic Materials sector, McEwen Mining's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where McEwen Mining's Earnings Yield (Joel Greenblatt) % falls into.



McEwen Mining 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.

McEwen Minings Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-104.304/373.166121
=-27.95 %

McEwen Mining's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-104.3 Mil.



McEwen Mining  (NYSE:MUX) 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.


McEwen Mining Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of McEwen Mining's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


McEwen Mining (McEwen Mining) Business Description

Industry
Traded in Other Exchanges
Address
150 King Street West, Suite 2800, Toronto, ON, CAN, M5H 1J9
McEwen Mining Inc is a mining and minerals production and exploration company focused on precious and base minerals in Argentina, Mexico, and the United States. The company's overall revenue is principally derived from the production of gold and silver. The company owns and operates the wholly-owned El Gallo 1 mine in Mexico, and has a minority shareholding in the company that operates the San Jose mine in Argentina. More than half the company's gold output is produced by the El Gallo 1 mine. The remaining gold production, and the majority of silver production, is produced by the San Jose mine. Geographically, the majority is from Canada.
Executives
Michelle Makori director C/O MCEWEN MINING INC., 150 KING STREET WEST, SUITE 2800, TORONTO A6 A6 M5H 1J9
Ian J Ball officer: Vice President, Mexico 99 GEORGE STREET, THIRD FLOOR, TORONTO A6 M5A 2N4
G. Peter Mah officer: Chief Operating Officer 150 KING STREET WEST, SUITE 2800, TORONTO A6 M5H 1J9
Merri Sanchez director 150 KING STREET WEST, SUITE 2800, TORONTO, ONTARIO Z4 M5H 1J9
William M Shaver director 150 KING STREET WEST, SUITE 2800, TORONTO, ONTARIO Z4 M5H 1J9
Anna Man-yue Ladd-kruger officer: Chief Financial Officer 150 KING STREET WEST, SUITE 2800, TORONTO, ONTARIO Z4 M5H 1J9
Stephen Mcgibbon officer: EVP of Exploration 150 KING STREET WEST, SUITE 2800, TORONTO, ONTARIO Z4 M5H 1J9
Richard W. Brissenden director 2800-150 KING STREET WEST, P.O. BOX 24, TORONTO A6 M5H 1J9
Merushe Verli officer: Chief Financial Officer 150 KING STREET WEST, SUITE 2800, TORONTO A6 M5H 1J9
Michele L Ashby director 2800-150 KING STREET WEST, P.O. BOX 24, TORONTO A6 M5H 1J9
Chris Stewart officer: President and COO 150 KING STREET WEST, SUITE 2800, TORONTO A6 M5H 1J9
Allen V Ambrose director 2800-150 KING STREET WEST, P.O. BOX 24, TORONTO A6 M5H 1J9
Simon Tyler Quick officer: Vice President - Projects 2800-150 KING STREET WEST, P.O. BOX 24, TORONTO A6 M5H 1J9
Xavier Ochoa officer: Chief Operating Officer 150 KING ST. WEST, SUITE 2800, TORONTO A6 M5H 1J9
Sylvain Guerard officer: SVP, Exploration 150 KING STREET WEST, SUITE 2800, TORONTO A6 M5H 1J9

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