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Talga Group (ASX:TLG) Earnings Yield (Joel Greenblatt) % : -19.08% (As of Jun. 2024)


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

Talga Group's Enterprise Value for the quarter that ended in Jun. 2024 was A$207.60 Mil. Talga Group's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 was A$-39.65 Mil. Talga Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2024 was -19.08%.

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

ASX:TLG' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -32.18   Med: -19.77   Max: -8.93
Current: -22.22

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Talga Group was -8.93%. The lowest was -32.18%. And the median was -19.77%.

ASX:TLG's Earnings Yield (Joel Greenblatt) % is ranked worse than
63.57% of 2652 companies
in the Metals & Mining industry
Industry Median: -12.16 vs ASX:TLG: -22.22

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) %. Talga Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2024 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.


Talga Group Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Talga 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.

* Premium members only.

Talga Group Earnings Yield (Joel Greenblatt) % Chart

Talga Group Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.67 -6.64 -11.57 -8.93 -19.08

Talga Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -11.57 - -8.93 - -19.08

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

For the Other Industrial Metals & Mining subindustry, Talga 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.


Talga Group's Earnings Yield (Joel Greenblatt) % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Talga Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Talga 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.

Talga Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2024 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-39.647/207.60332
=-19.10 %

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.



Talga Group  (ASX:TLG) 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.

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


Talga Group Earnings Yield (Joel Greenblatt) % Related Terms

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Talga Group Business Description

Industry
Traded in Other Exchanges
Address
46 Colin Street, Suite 3.03, Level 3, West Perth, Perth, WA, AUS, 6005
Talga Group Ltd is a technology minerals company. The Group operates in three operating segments being graphite exploration, graphite development; and research and development in four geographical locations, being graphite exploration and development in Sweden, graphite or graphene research and development in Germany and research and development in the United Kingdom, with Australia as unallocated corporate. The graphite projects include Vittangi, Jalkunen, and Raitajarvi. It derives a majority of revenue from the United Kingdom.

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