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Daisy Group (FRA:PWH1) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Sep. 2014)


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

Daisy Group's Enterprise Value for the quarter that ended in Sep. 2014 was €430.9 Mil. Daisy Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2014 was €-18.7 Mil. Daisy Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was 0.00%.

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

FRA:PWH1' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.9   Med: 0   Max: 0
Current: -2.9

FRA:PWH1's Earnings Yield (Joel Greenblatt) % is not ranked
in the Telecommunication Services industry.
Industry Median: 5.4 vs FRA:PWH1: -2.90

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) %. Daisy Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 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.


Daisy Group Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Daisy 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.

Daisy Group Earnings Yield (Joel Greenblatt) % Chart

Daisy Group Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Mar10 Mar11 Mar12 Mar13 Mar14
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.93 -5.09 -3.55 -4.17 -2.91

Daisy Group Semi-Annual Data
Dec03 Jun04 Dec04 Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14
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 - -4.17 - -2.91 -

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

For the Telecom Services subindustry, Daisy 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.


Daisy Group's Earnings Yield (Joel Greenblatt) % Distribution in the Telecommunication Services Industry

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

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



Daisy 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.

Daisy Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2014 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-21.937/735.831904
=-2.98 %

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.



Daisy Group  (FRA:PWH1) 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.


Daisy Group Earnings Yield (Joel Greenblatt) % Related Terms

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


Daisy Group (FRA:PWH1) Business Description

Traded in Other Exchanges
N/A
Address
Daisy Group PLC and its subsidiaries provide telecommunication and managed services to UK SME and mid-market businesses. It provides a combined product set including access, hosting, voice, managed services and mobile telephony. The Group's segments comprise Daisy Retail, Daisy Wholesale, and central costs. The Daisy Retail segment engages in the provision of integrated voice and data services to the small medium business market, The Daisy Wholesale segment supplies partners with billing, provisioning and business software solutions in addition to voice, lines and data services. Daisy Distribution provides a full range of mobile handsets and airtime tariffs from O2, Vodafone, Orange and T-Mobile via a dealer network and the Central segment consists of unallocated central activities.

Daisy Group (FRA:PWH1) Headlines

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