Calliden Group (ASX:CIX) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Jun. 2014)

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What is Calliden Group Earnings Yield (Joel Greenblatt) %?

Calliden Group's Enterprise Value for the quarter that ended in Jun. 2014 was A$39.6 Mil. Calliden Group's EBIT for the trailing twelve months (TTM) ended in Jun. 2014 was A$7.1 Mil. Calliden Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was 0.00%.

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

ASX:CIX' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.4 Med: 38.65 Max: 2334.7
Current: 49.8

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Calliden Group was 2334.70%. The lowest was 13.40%. And the median was 38.65%.

ASX:CIX's Earnings Yield (Joel Greenblatt) % is not ranked
in the Insurance industry.
Industry Median: 6.55 vs ASX:CIX: 49.80

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) %. Calliden Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2014 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.

Calliden Group Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Calliden Group'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.

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Calliden Group Earnings Yield (Joel Greenblatt) % Chart

Calliden Group Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Earnings Yield (Joel Greenblatt) %

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-0.71

30.21

17.95

-1.87

-17.51

Calliden Group Semi-Annual Data
	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															-	-1.87	-	-17.51	-

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

For the Insurance - Reinsurance subindustry, Calliden Group'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.

Calliden Group's Earnings Yield (Joel Greenblatt) % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Calliden Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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

Calliden Group 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.

Calliden Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2013 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	6.154	/	30.4531
	=	20.21 %

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.

Calliden Group (ASX:CIX) 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.

Calliden Group Earnings Yield (Joel Greenblatt) % Related Terms

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

Calliden Group (ASX:CIX) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.calliden.com.au

Calliden Group Limited is an ASX listed company providing general insurance products for small and medium enterprises as well as individual customers in Australia through Calliden Insurance Ltd, a wholly-owned authorized insurance subsidiary of it.