What is Kelt Exploration Earnings Yield (Joel Greenblatt) %?
Kelt Exploration's Enterprise Value for the quarter that ended in Mar. 2024 was €796.5 Mil.
Kelt Exploration's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was €76.6 Mil. Kelt Exploration's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 9.42%.
The historical rank and industry rank for Kelt Exploration's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:2KE'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -177.7 Med: 0.73 Max: 25.6
Current: 9.62
During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of Kelt Exploration was 25.60%. The lowest was -177.70%. And the median was 0.73%.
FRA:2KE's Earnings Yield (Joel Greenblatt) % is ranked better than 62.77% of 1096
companies
in the Oil & Gas industry
Industry Median: 6.215
vs FRA:2KE: 9.62
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) %. Kelt Exploration's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 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.
Kelt Exploration Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Kelt Exploration'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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Kelt Exploration Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Kelt Exploration's Earnings Yield (Joel Greenblatt) %
For the Oil & Gas E&P subindustry, Kelt Exploration'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.
Kelt Exploration's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Kelt Exploration's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kelt Exploration's Earnings Yield (Joel Greenblatt) % falls into.
Kelt Exploration 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.
Kelt Explorations Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Kelt Exploration's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €76.6 Mil.
Kelt Exploration (FRA:2KE) 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.
Kelt Exploration Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Kelt Exploration's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in northwestern Alberta and northeastern British Columbia. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets. Product offerings for the energy firm consist of crude oil, natural gas liquids, and natural gas, with a majority of revenue delivered by Gas production.
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