Smiths News's Enterprise Value for the quarter that ended in Aug. 2023 was $84 Mil.
Smiths News's EBIT for the trailing twelve months (TTM) ended in Aug. 2023 was $46 Mil. Smiths News's Earnings Yield (Joel Greenblatt) for the quarter that ended in Aug. 2023 was 28.33%.
The historical rank and industry rank for Smiths News's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SMWPY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -19.17 Med: 11.64 Max: 34.19
Current: 25.32
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Smiths News was 34.19%. The lowest was -19.17%. And the median was 11.64%.
SMWPY's Earnings Yield (Joel Greenblatt) % is ranked better than 90.57% of 1050
companies
in the Media - Diversified industry
Industry Median: 2.79
vs SMWPY: 25.32
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) %. Smiths News's Forward Rate of Return (Yacktman) % for the quarter that ended in Aug. 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.
Smiths News Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Smiths News'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.
Smiths News Annual Data
Trend
Aug14
Aug15
Aug16
Aug17
Aug18
Aug19
Aug20
Aug21
Aug22
Aug23
Earnings Yield (Joel Greenblatt) %
21.55
13.16
20.62
28.74
28.33
Smiths News Semi-Annual Data
Feb14
Aug14
Feb15
Aug15
Feb16
Aug16
Feb17
Aug17
Feb18
Aug18
Feb19
Aug19
Feb20
Aug20
Feb21
Aug21
Feb22
Aug22
Feb23
Aug23
Earnings Yield (Joel Greenblatt) %
20.62
-
28.74
-
28.33
Competitive Comparison
For the Publishing subindustry, Smiths News'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.
Smiths News Earnings Yield (Joel Greenblatt) % Distribution
For the Media - Diversified industry and Communication Services sector, Smiths News's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Smiths News'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.
Smiths Newss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 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.
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.
Smiths News Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Smiths News's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Smiths News PLC is a UK-based wholesale distributor of published content. The group is one of the UK's foremost publishers of newspapers and magazines, and it also operates as a book distributor through bookstores and an online platform serving the needs of academics and public libraries. Geographically, it derives a majority of revenue from the United Kingdom. Its segments include Smiths News Core; Dawson Media Direct (DMD); Instore and others.
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