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Stornoway Diamond (Stornoway Diamond) Earnings Yield (Joel Greenblatt) %

: -169.49% (As of Jun. 2019)
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Stornoway Diamond's Enterprise Value for the quarter that ended in Jun. 2019 was $238.4 Mil. Stornoway Diamond's EBIT for the trailing twelve months (TTM) ended in Jun. 2019 was $-423.1 Mil. Stornoway Diamond's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2019 was -169.49%.

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

SWYDF's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Metals & Mining industry.
Industry Median: -12.1
* Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.

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) %. Stornoway Diamond's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2019 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.


Stornoway Diamond Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Stornoway Diamond'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.

Stornoway Diamond Annual Data
Trend Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Dec16 Dec17 Dec18
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.95 3.15 -2.70 -14.71 -46.51

Stornoway Diamond Quarterly Data
Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 -29.59 -38.61 -46.51 -65.36 -169.49

Competitive Comparison

For the Other Precious Metals & Mining subindustry, Stornoway Diamond'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.


Stornoway Diamond Earnings Yield (Joel Greenblatt) % Distribution

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

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



Stornoway Diamond 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.

Stornoway Diamonds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2018 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-164.92/337.90076
=-48.81 %

Stornoway Diamond's EBIT for the trailing twelve months (TTM) ended in Jun. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-423.1 Mil.



Stornoway Diamond  (OTCPK:SWYDF) 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.


Stornoway Diamond Earnings Yield (Joel Greenblatt) % Related Terms

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Stornoway Diamond (Stornoway Diamond) Business Description

Traded in Other Exchanges
N/A
Address
1111 St. Charles Street West, Tour Ouest, Suite 400, Longueuil, QC, CAN, J4K 5G4
Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.

Stornoway Diamond (Stornoway Diamond) Headlines

From GuruFocus

Stornoway Announces Recommencement of Renard Mine Operations

By GlobeNewswire GlobeNewswire 07-04-2018

Stornoway Granted Approval and Vesting Order

By GlobeNewswire GlobeNewswire 10-07-2019

Stornoway Receives Notice of Delisting Review by TSX

By GlobeNewswire GlobeNewswire 08-22-2019

Stornoway Announces Board Appointment

By GlobeNewswire GlobeNewswire 06-13-2018