What is Ambassadors International Earnings Yield (Joel Greenblatt) %?
Ambassadors International's Enterprise Value for the quarter that ended in Dec. 2010 was $62.70 Mil.
Ambassadors International's EBIT for the trailing twelve months (TTM) ended in Dec. 2010 was $-20.76 Mil. Ambassadors International's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2010 was 0.00%.
The historical rank and industry rank for Ambassadors International's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
AMIEQ's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Travel & Leisure industry.
Industry Median: 4.18 * 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) %. Ambassadors International's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2010 was -211.25%. 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.
Ambassadors International Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Ambassadors International'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.
Ambassadors International Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Ambassadors International's Earnings Yield (Joel Greenblatt) %
For the Leisure subindustry, Ambassadors International'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.
Ambassadors International's Earnings Yield (Joel Greenblatt) % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Ambassadors International's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ambassadors International's Earnings Yield (Joel Greenblatt) % falls into.
Ambassadors International 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.
Ambassadors Internationals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2010 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.
Ambassadors International (OTCPK:AMIEQ) 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.
Ambassadors International Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Ambassadors International's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ambassadors International (Ambassadors International) Business Description
Ambassadors International Inc, through its subsidiary, Windstar Sail Cruises Limited, provides travel and cruise services. The Company reported the following business segments: Cruise and Corporate and Other, general corporate assets and liabilities. It conducts the cruise operations of Windstar Cruises and the wind down of operations of Majestic America Line, within its Ambassadors Cruise Group, LLC (ACG) subsidiary. In April 2007, it formed Ambassadors International Cruise Group, LLC (AICG) as a subsidiary of ACG and purchased Windstar Cruises, a luxury, small ship cruise line consisting of three international-flagged motor-sail yachts: Wind Surf, Wind Spirit and Wind Star. Windstar Cruises fleet of luxury yachts explores hidden harbors and secluded coves of the worlds most treasured destinations. Windstar Cruises offers sailings in the Caribbean, Europe, the Americas and the Greek Isles. The Companys corporate and other segment includes general corporate assets and liabilities (mainly cash, cash equivalents and long term debt), and other activities that are not directly related to its cruise operating segment. It competes in terms of price, itineraries, services and ship types. In addition, cruising is one of several options that people have when selecting a vacation. It faces competition from other vacation operators that provide leisure and vacation alternatives including resorts, hotels and packaged tours. The Company is subject to numerous environmental laws.
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