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Central Energy Partners LP (Central Energy Partners LP) Earnings Yield (Joel Greenblatt) % : -41.15% (As of Jun. 2015)


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What is Central Energy Partners LP Earnings Yield (Joel Greenblatt) %?

Central Energy Partners LP's Enterprise Value for the quarter that ended in Jun. 2015 was $2.88 Mil. Central Energy Partners LP's EBIT for the trailing twelve months (TTM) ended in Jun. 2015 was $-2.31 Mil. Central Energy Partners LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2015 was -41.15%.

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

ENGY's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Oil & Gas industry.
Industry Median: 6.28
* 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) %. Central Energy Partners LP's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2015 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.


Central Energy Partners LP Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Central Energy Partners 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.

Central Energy Partners LP Earnings Yield (Joel Greenblatt) % Chart

Central Energy Partners LP Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.01 -20.00 -156.25 -7.21 -4.33

Central Energy Partners LP Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 -14.43 -4.33 -13.19 -41.15 -

Competitive Comparison of Central Energy Partners LP's Earnings Yield (Joel Greenblatt) %

For the Oil & Gas Midstream subindustry, Central Energy Partners 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.


Central Energy Partners LP's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Central Energy Partners LP's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Central Energy Partners LP's Earnings Yield (Joel Greenblatt) % falls into.



Central Energy Partners 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.

Central Energy Partners LPs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2014 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-0.18/4.200065
=-4.29 %

Central Energy Partners LP's EBIT for the trailing twelve months (TTM) ended in Jun. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.31 Mil.



Central Energy Partners LP  (GREY:ENGY) 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.


Central Energy Partners LP Earnings Yield (Joel Greenblatt) % Related Terms

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


Central Energy Partners LP (Central Energy Partners LP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
4809 Cole Avenue, Suite 108, Dallas, TX, USA, 75205
Central Energy Partners LP provides liquid bulk storage, trans-loading, and transportation services for hazardous chemicals and petroleum products. Its key activities include the storage, transportation and railcar trans-loading of bulk liquids, including hazardous chemicals and petroleum products. It transports a range of hazardous products, such as aluminum sulfate solution, hydrochloric acid, sulfuric acid, aqua ammonia, sodium bisulfate and fuel blends.
Executives
Alan D Bell director C/O DUNE ENERGY, INC., TWO SHELL PLAZA, 777 WALKER STREET, SUITE 2300, HOUSTON TX 77002
Ian T Bothwell officer: EVP, CFO & Secretary 77 530 ENFIELD LANE, BLDG D, PALM DESERT CA 92211
David M. Laney director 901 MAIN STREET, SUITE 3601, DALLAS TX 75202
Jerry V Swank director 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219
Daniel L Spears director C/O EMERALD OIL, INC., 200 COLUMBINE, SUITE 500, DENVER CO 80206
Imad K. Anbouba director, officer: General Partner 10440 N CENTRAL EXPWAY, SUITE 1010, DALLAS TX 75231
Cushing Mlp Opportunity Fund I, Lp 10 percent owner 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Bruce I Raben director 430 VICTORIA TERRACE, RIDGEFIELD NJ 7657
Cushing Mlp Asset Management, Lp 10 percent owner 600 NORTH PEARL STREET, SUITE 1205, DALLAS TX 75201
Swank Capital, Llc 10 percent owner 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225

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