SanDisk (SanDisk) Earnings Yield (Joel Greenblatt) % : 5.57% (As of Mar. 2016)

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What is SanDisk Earnings Yield (Joel Greenblatt) %?

SanDisk's Enterprise Value for the quarter that ended in Mar. 2016 was $13,094 Mil. SanDisk's EBIT for the trailing twelve months (TTM) ended in Mar. 2016 was $730 Mil. SanDisk's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2016 was 5.57%.

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

SNDK's Earnings Yield (Joel Greenblatt) % is not ranked ^*
in the Hardware industry.
Industry Median: 3.13
* 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) %. SanDisk's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2016 was 6.11%. 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.

SanDisk Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for SanDisk'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.

SanDisk Earnings Yield (Joel Greenblatt) % Chart

SanDisk Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Earnings Yield (Joel Greenblatt) %

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15.24

8.02

10.80

7.73

4.87

SanDisk Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															9.35	7.56	6.78	4.87	5.57

Competitive Comparison of SanDisk's Earnings Yield (Joel Greenblatt) %

For the Computer Hardware subindustry, SanDisk'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.

SanDisk's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, SanDisk's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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

SanDisk 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.

SanDisks Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2015 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	654.277	/	13416.69927
	=	4.88 %

SanDisk's EBIT for the trailing twelve months (TTM) ended in Mar. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $730 Mil.

SanDisk (NAS:SNDK) 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

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

SanDisk Earnings Yield (Joel Greenblatt) % Related Terms

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

SanDisk (SanDisk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SanDisk Corp (NAS:SNDK) » Definitions » Earnings Yield (Joel Greenblatt) %

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Traded in Other Exchanges

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Address

Website

http://www.sandisk.com

SanDisk Corp was incorporated in Delaware in June 1988. The Company designs, develops and manufactures data storage solutions in a variety of form factors using flash memory, controller, firmware and software technologies. Its solutions include SSDs, embedded products, removable cards, universal serial bus, or USB, drives, wireless media drives, digital media players and wafers and components. The Company's SSD products are used in both client computing platforms and enterprise data centers. Its embedded flash products are used in mobile phones, tablets, computing platforms, imaging devices, and many other products. Its removable cards are used in consumer electronics devices such as mobile phones, tablets, digital cameras, gaming devices and personal computers or PCs. The Company operates in one segment, flash memory storage products. It operates in United States, China, Taiwan, Other Asia-Pacific & Europe, Middle East and Africa. The Company competes with NAND flash memory manufacturers, including Hynix, Intel, Micron Technology, Inc., or Micron, Samsung and Toshiba. The Company's primary competitors currently include, among others, Kingston Technology Company, Inc., or Kingston, Lexar Media, Inc., or Lexar, a subsidiary of Micron, PNY Technologies, Inc., or PNY, Samsung, Sony and Transcend Information, Inc., or Transcend. In the USB flash drive market. SanDisk is the Company's trademark, and is registered in the U.S. and other countries.

Executives

Judy Bruner	officer: Exec. VP, Administration, CFO	C/O SANDISK CORPORATION, 601 MCCARTHY BLVD., MILPITAS CA 95035
Mark David Brazeal	officer: SVP, Chief Legal Officer & IP	1320 RIDDER PARK DRIVE, SAN JOSE CA 95131
Eddy W Hartenstein	director
Chenming Hu	director	2060 PEBBLE DRIVE, ALAMO CA 94507
Catherine P Lego	director	C/O GUIDEWIRE SOFTWARE, INC., 970 PARK PL, SUITE 200, SAN MATEO CA 94403
Michael E Marks	director
Steven J Gomo	director	495 E. JAVA DRIVE, SUNNYVALE CA 94089
Sanjay Mehrotra	director, officer: President/CEO	C/O WESTERN DIGITAL CORPORATION, 3355 MICHELSON DRIVE, SUITE 100, IRVINE CA 92612
Robertson Donald F Jr	officer: VP & Chief Accounting Officer	C/O NVIDIA CORPORATION, 2788 SAN TOMAS EXPRESSWAY, SANTA CLARA CA 95051
Srinivasan Sivaram	officer: EVP, Memory Technology	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Irwin Federman	director	2735 SAND HILL ROAD, MENLO PARK CA 94025
Sumit Sadana	officer: EVP, CSO & GM Enterprise	47544 AVALON HEIGHTS TERRACE, FREMONT CA 94539
Eric S Whitaker	officer: SVP & Senior Legal Officer
Kevin A Denuccio	director	300 HOLGER WAY, SAN JOSE CA 95134
Randhir Thakur	officer: EVP,Technology & Worldwide Ops	C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039