What is International Minerals Earnings Yield (Joel Greenblatt) %?
International Minerals's Enterprise Value for the quarter that ended in Sep. 2013 was €190.97 Mil.
International Minerals's EBIT for the trailing twelve months (TTM) ended in Sep. 2013 was €2.16 Mil. International Minerals's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2013 was 1.09%.
The historical rank and industry rank for International Minerals's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:MIW's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Metals & Mining industry.
Industry Median: -11.175 * 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) %. International Minerals's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2013 was 27.71%. 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.
International Minerals Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for International Minerals'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.
International Minerals Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of International Minerals's Earnings Yield (Joel Greenblatt) %
For the Gold subindustry, International Minerals'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.
International Minerals's Earnings Yield (Joel Greenblatt) % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, International Minerals's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where International Minerals's Earnings Yield (Joel Greenblatt) % falls into.
International Minerals 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.
International Mineralss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2013 is calculated as
International Minerals's EBIT for the trailing twelve months (TTM) ended in Sep. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was €2.16 Mil.
International Minerals (FRA:MIW) 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.
International Minerals Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of International Minerals's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
International Minerals (FRA:MIW) Business Description
International Minerals Corporation is a Canadian mineral resource company engaged, indirectly through its subsidiaries and investee companies, in the exploration, development and exploitation of gold and silver deposits in the northern Andes of South America (Peru and Ecuador) and in the state of Nevada, U.S.A. The Company has identified proven and probable reserves at its Pallancata, Inmaculada, Rio Blanco and Goldfield properties and is currently developing or may proceed to develop these reserves.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FRA:MIW has been successfully added to your 