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GuruFocus has detected 3 Warning Signs with Sandstorm Gold Ltd $SAND.
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Sandstorm Gold Ltd (AMEX:SAND)
EV-to-EBIT
18.90 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Sandstorm Gold Ltd's enterprise value is $640.56 Mil. Sandstorm Gold Ltd's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $33.89 Mil. Therefore, Sandstorm Gold Ltd's EV/EBIT ratio for today is 18.90.

SAND' s EV-to-EBIT Range Over the Past 10 Years
Min: -357.7   Max: 497.3
Current: 19.48

-357.7
497.3

During the past 10 years, the highest EV/EBIT Ratio of Sandstorm Gold Ltd was 497.30. The lowest was -357.70. And the median was 18.50.

SAND's EV-to-EBIT is ranked lower than
51% of the 904 Companies
in the Global Gold industry.

( Industry Median: 20.02 vs. SAND: 19.48 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Sandstorm Gold Ltd's enterprise value for the quarter that ended in Dec. 2016 was $572.58 Mil. Sandstorm Gold Ltd's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $33.89 Mil. Sandstorm Gold Ltd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was 5.92%.


Definition

Sandstorm Gold Ltd's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=640.560/33.885
=18.90

Sandstorm Gold Ltd's current Enterprise Value is $640.56 Mil.
Sandstorm Gold Ltd's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 15.588 (Mar. 2016 ) + 9.102 (Jun. 2016 ) + 9.055 (Sep. 2016 ) + 0.14 (Dec. 2016 ) = $33.89 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

This is a more accurate valuation of companies' operation because it consider the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt).

Sandstorm Gold Ltd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2016 )=EBIT (TTM)/Enterprise Value (Q: Dec. 2016 )
=33.885/572.575
=5.92 %

Sandstorm Gold Ltd's Enterprise Value for the quarter that ended in Dec. 2016 was $572.58 Mil.
Sandstorm Gold Ltd's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 15.588 (Mar. 2016 ) + 9.102 (Jun. 2016 ) + 9.055 (Sep. 2016 ) + 0.14 (Dec. 2016 ) = $33.89 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Enterprise Value, Earnings Yield (Joel Greenblatt), Earnings Before Interest and Taxes (EBIT)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Sandstorm Gold Ltd Annual Data

Mar07Mar08Mar09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 0.000.00-20.62-401.4930.1034.22-3.8430.65-12.9717.43

Sandstorm Gold Ltd Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebit -10.2630.6548.2978.89-78.50-12.97-26.64-69.53172.5517.43
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