What is Goodfood Market Earnings Yield (Joel Greenblatt) %?
Goodfood Market's Enterprise Value for the quarter that ended in Feb. 2024 was $42.5 Mil.
Goodfood Market's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was $0.8 Mil. Goodfood Market's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was 2.06%.
The historical rank and industry rank for Goodfood Market's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
GDDFF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -126.8 Med: -9.23 Max: 2.07
Current: 1.88
During the past 9 years, the highest Earnings Yield (Joel Greenblatt) of Goodfood Market was 2.07%. The lowest was -126.80%. And the median was -9.23%.
GDDFF's Earnings Yield (Joel Greenblatt) % is ranked worse than 65.71% of 105
companies
in the Personal Services industry
Industry Median: 4.51
vs GDDFF: 1.88
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) %. Goodfood Market's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 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.
Goodfood Market Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Goodfood Market'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.
Competitive Comparison of Goodfood Market's Earnings Yield (Joel Greenblatt) %
For the Personal Services subindustry, Goodfood Market'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.
Goodfood Market's Earnings Yield (Joel Greenblatt) % Distribution in the Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Goodfood Market's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Goodfood Market's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Goodfood Markets Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2023 is calculated as
Goodfood Market's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.8 Mil.
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.
Goodfood Market Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Goodfood Market's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Goodfood Market (Goodfood Market) Business Description
Goodfood Market Corp is an online grocery company in Canada delivering fresh meal solutions and groceries that make it easy for members to enjoy delicious meals at home every day. The principal business activity is focused on developing and servicing the online meal kit and grocery add-on market. Goodfood members have access to products and exclusive pricing made possible by its direct-to-consumer fulfilment ecosystem that eliminates waste and retail overhead. It has a production facility and administrative offices in Montreal, with five additional facilities located in Quebec, Ontario, Alberta, and British Columbia. The Company is passionate about connecting its partner farms and suppliers to its customers' kitchens while eliminating food waste and costly retail overhead.
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