What is Chemring Group Earnings Yield (Joel Greenblatt) %?
Chemring Group's Enterprise Value for the quarter that ended in Oct. 2023 was $1,039.7 Mil.
Chemring Group's EBIT for the trailing twelve months (TTM) ended in Oct. 2023 was $55.9 Mil. Chemring Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Oct. 2023 was 5.68%.
The historical rank and industry rank for Chemring Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CMGMF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.47 Med: 4.15 Max: 6.54
Current: 4.5
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Chemring Group was 6.54%. The lowest was -7.47%. And the median was 4.15%.
CMGMF's Earnings Yield (Joel Greenblatt) % is ranked better than 70.97% of 310
companies
in the Aerospace & Defense industry
Industry Median: 2.57
vs CMGMF: 4.50
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) %. Chemring Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Oct. 2023 was 23.93%. 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.
Chemring Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Chemring Group'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.
Chemring Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Chemring Group's Earnings Yield (Joel Greenblatt) %
For the Aerospace & Defense subindustry, Chemring Group'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.
Chemring Group's Earnings Yield (Joel Greenblatt) % Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Chemring Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Chemring Group's Earnings Yield (Joel Greenblatt) % falls into.
Chemring Group 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.
Chemring Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Oct. 2023 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Chemring Group (OTCPK:CMGMF) 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.
Chemring Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Chemring Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Chemring Group (Chemring Group) Business Description
Chemring Group PLC is a defense technology company. The company's operating segment includes Sensors and Information; it is engaged in the development and manufacturing of electronic countermeasures, chemical and biological threat detection equipment, and explosive hazard detection (EHD) equipment. and Countermeasures and Energetics segment is engaged in the development and manufacturing of expendable countermeasures for air and sea platforms, cartridge/propellant actuated devices, pyrotechnic devices for satellite launch and deployment, missile components, propellants, separation sub-systems, actuators, and energetic materials. It generates maximum revenue from the Countermeasures and Energetics segment. Geographically, the majority of the revenue for the company is generated from UK.
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