What is Front Yard Residential Earnings Yield (Joel Greenblatt) %?
Front Yard Residential's Enterprise Value for the quarter that ended in Sep. 2020 was $2,050.0 Mil.
Front Yard Residential's EBIT for the trailing twelve months (TTM) ended in Sep. 2020 was $-28.6 Mil. Front Yard Residential's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2020 was -1.35%.
The historical rank and industry rank for Front Yard Residential's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
RESI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -11.2 Med: -1.34 Max: 9
Current: -1.12
During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of Front Yard Residential was 9.00%. The lowest was -11.20%. And the median was -1.34%.
RESI's Earnings Yield (Joel Greenblatt) % is not ranked
in the REITs industry.
Industry Median: 2.77
vs RESI: -1.12
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) %. Front Yard Residential's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2020 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.
Front Yard Residential Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Front Yard Residential'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.
Front Yard Residential Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Front Yard Residential's Earnings Yield (Joel Greenblatt) %
For the REIT - Residential subindustry, Front Yard Residential'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.
Front Yard Residential's Earnings Yield (Joel Greenblatt) % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Front Yard Residential's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Front Yard Residential's Earnings Yield (Joel Greenblatt) % falls into.
Front Yard Residential 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.
Front Yard Residentials Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2019 is calculated as
Front Yard Residential's EBIT for the trailing twelve months (TTM) ended in Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-28.6 Mil.
Front Yard Residential (NYSE:RESI) 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.
Front Yard Residential Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Front Yard Residential's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Front Yard Residential (Front Yard Residential) Business Description
Front Yard Residential Corp is a real estate investment trust, which focuses on acquiring, owning and managing single-family rental properties throughout the United States. It acquires its single-family rental properties through the acquisition of sub-performing and non-performing loan portfolios. The company is managed by Altisource Asset Management Corporation, which has a management team with extensive industry experience in real estate, non-performing loan portfolios, and mortgage loan servicing. Geographically the firm has its property portfolio across the region of Alabama, Georgia, Hawaii, Louisiana, New Jersey, Pennsylvania, Texas, New York, Kentucky and in many other regions.
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