Terra Nitrogen Co LP (Terra Nitrogen Co LP) Earnings Yield (Joel Greenblatt) % : 10.88% (As of Dec. 2017)

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What is Terra Nitrogen Co LP Earnings Yield (Joel Greenblatt) %?

Terra Nitrogen Co LP's Enterprise Value for the quarter that ended in Dec. 2017 was $1,409.8 Mil. Terra Nitrogen Co LP's EBIT for the trailing twelve months (TTM) ended in Dec. 2017 was $153.4 Mil. Terra Nitrogen Co LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2017 was 10.88%.

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

TNH's Earnings Yield (Joel Greenblatt) % is not ranked ^*
in the Agriculture industry.
Industry Median: 4.95
* 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) %. Terra Nitrogen Co LP's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2017 was -1.82%. 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.

Terra Nitrogen Co LP Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Terra Nitrogen Co LP'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.

Terra Nitrogen Co LP Earnings Yield (Joel Greenblatt) % Chart

Terra Nitrogen Co LP Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Earnings Yield (Joel Greenblatt) %

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19.69

20.49

17.12

11.12

10.88

Terra Nitrogen Co LP Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															11.12	11.90	10.05	10.11	10.88

Competitive Comparison of Terra Nitrogen Co LP's Earnings Yield (Joel Greenblatt) %

For the Agricultural Inputs subindustry, Terra Nitrogen Co LP'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.

Terra Nitrogen Co LP's Earnings Yield (Joel Greenblatt) % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Terra Nitrogen Co LP's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Terra Nitrogen Co LP's Earnings Yield (Joel Greenblatt) % falls into.

Terra Nitrogen Co LP 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.

Terra Nitrogen Co LPs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2017 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	153.4	/	1409.797736
	=	10.88 %

Terra Nitrogen Co LP's EBIT for the trailing twelve months (TTM) ended in Dec. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $153.4 Mil.

Terra Nitrogen Co LP (NYSE:TNH) 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.

Terra Nitrogen Co LP Earnings Yield (Joel Greenblatt) % Related Terms

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

Terra Nitrogen Co LP (Terra Nitrogen Co LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Terra Nitrogen Co LP (NYSE:TNH) » Definitions » Earnings Yield (Joel Greenblatt) %

Traded in Other Exchanges

N/A

Address

Website

http://www.cfindustries.com

Terra Nitrogen Co LP is a limited partnership company producing nitrogen fertilizer products. Its principal products anhydrous ammonia and urea ammonium nitrate solutions are manufactured at its facility in Verdigris, Oklahoma. The company's operations are conducted through a partnership with Terra Nitrogen, Limited Partnership, and Terra Nitrogen GP Inc.

Executives

Michael A Jackson	director
Anne H Lloyd	director
Susan L Menzel	officer: Sr. VP, Human Resources	C/O CF INDUSTRIES HOLDINGS, INC., FOUR PARKWAY NORTH, DEERFIELD IL 60015
Christopher D Bohn	officer: VP, Supply Chain	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Adam L Hall	officer: VP, Corporate Development	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Dennis P. Kelleher	director, officer: Sr Vice President and CFO	C/O CF INDUSTRIES HOLDINGS, INC, 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Theodore D Sands	director	CITYPLACE ONE SUITE 300, ARCH MINERAL CORP, CREVE COEUR MO 63141
Jablow Spertus Wendy S	officer: VP, Human Resources	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Anthony J Nocchiero	director, officer: Senior Vice President and CFO	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Lynn F White	officer: VP, Corporate Development	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Philipp P Koch	officer: VP, Supply Chain	C/O CF INDUSTRIES, INC., ONE SALEM LAKE DRIVE, LONG GROVE IL 60047
Stephen R Wilson	director, officer: Chairman, President, and CEO	C/O CF INDUSTRIES, INC., ONE SALEM LAKE DRIVE, LONG GROVE IL 60047
Douglas C Barnard	officer: VP, GC, and Corp. Secretary	C/O CF INDUSTRIES, INC., ONE SALEM LAKE DRIVE, LONG GROVE IL 60047
W Anthony Will	officer: VP, Manufacturing and Dist.	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Richard A Hoker	officer: VP and Corporate Controller	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015