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FRONU (Frontier Acquisition) Earnings Yield (Joel Greenblatt) % : -0.35% (As of Sep. 2022)


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What is Frontier Acquisition Earnings Yield (Joel Greenblatt) %?

Frontier Acquisition's Enterprise Value for the quarter that ended in Sep. 2022 was $0.00 Mil. Frontier Acquisition's EBIT for the trailing twelve months (TTM) ended in Sep. 2022 was $-1.02 Mil. Frontier Acquisition's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2022 was -0.35%.

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

FRONU' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.43   Med: 0   Max: 0.48
Current: -0.34

During the past 1 years, the highest Earnings Yield (Joel Greenblatt) of Frontier Acquisition was 0.48%. The lowest was -0.43%. And the median was 0.00%.

FRONU's Earnings Yield (Joel Greenblatt) % is not ranked
in the Diversified Financial Services industry.
Industry Median: -1.2 vs FRONU: -0.34

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) %. Frontier Acquisition's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2022 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.


Frontier Acquisition Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Frontier Acquisition'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.

Frontier Acquisition Earnings Yield (Joel Greenblatt) % Chart

Frontier Acquisition Annual Data
Trend Dec21
Earnings Yield (Joel Greenblatt) %
-0.31

Frontier Acquisition Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial - -0.31 -0.39 -0.36 -0.35

Competitive Comparison of Frontier Acquisition's Earnings Yield (Joel Greenblatt) %

For the Shell Companies subindustry, Frontier Acquisition'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.


Frontier Acquisition's Earnings Yield (Joel Greenblatt) % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Frontier Acquisition's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Frontier Acquisition 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.

Frontier Acquisitions Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-0.899/0
= %

Frontier Acquisition's EBIT for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.02 Mil.



Frontier Acquisition  (NAS:FRONU) 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.


Frontier Acquisition Earnings Yield (Joel Greenblatt) % Related Terms

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


Frontier Acquisition Business Description

Traded in Other Exchanges
N/A
Address
660 Madison Avenue, 19th Floor, New York, NY, USA, 10065
Website
Frontier Acquisition Corp is a blank check company.
Executives
Falcon Edge Capital, Lp 10 percent owner 667 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10065
Rick Matthew Gerson director, officer: Co-President 70 GREENE STREET, APT. PH, NEW YORK NY 10012
Jonathan Christodoro director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Ryan Khoury officer: Co-President C/O PIONEER MERGER CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Cathy Ann Weist officer: General Counsel and Secretary C/O PIONEER MERGER CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Matthew Corey officer: Chief Financial Officer C/O PIONEER MERGER CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Scott Christopher Carpenter officer: Chief Operating Officer C/O PIONEER MERGER CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Christian Angermayer director, officer: Chief Executive Officer BLOCK A, APT.12, IL-PIAZZETTA, TOWER ROAD, SLIEMA O1 SLM1605
David Sinclair director C/O SIRTRIS PHARMACEUTICALS, INC., 790 MEMORIAL DRIVE, SUITE 104, CAMBRIDGE MA 02139
Frontier Acquisition Sponsor Llc 10 percent owner C/O FALCON EDGE CAPITAL, 660 MADISON AVENUE, NEW YORK NY 10065
Peter Attia director C/O PIONEER MERGER CORP., 660 MADISON AVENUE, NEW YORK NY 10065