What is Heritage-Crystal Clean Earnings Yield (Joel Greenblatt) %?
Heritage-Crystal Clean's Enterprise Value for the quarter that ended in Jun. 2023 was $1,078.5 Mil.
Heritage-Crystal Clean's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was $109.7 Mil. Heritage-Crystal Clean's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2023 was 10.17%.
The historical rank and industry rank for Heritage-Crystal Clean's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HCCI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.48 Med: 3.08 Max: 14.57
Current: 8.5
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Heritage-Crystal Clean was 14.57%. The lowest was -3.48%. And the median was 3.08%.
HCCI's Earnings Yield (Joel Greenblatt) % is not ranked
in the Waste Management industry.
Industry Median: 3.89
vs HCCI: 8.50
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) %. Heritage-Crystal Clean's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2023 was 23.98%. 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.
Heritage-Crystal Clean Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Heritage-Crystal Clean'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 Heritage-Crystal Clean's Earnings Yield (Joel Greenblatt) %
For the Waste Management subindustry, Heritage-Crystal Clean'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.
Heritage-Crystal Clean's Earnings Yield (Joel Greenblatt) % Distribution in the Waste Management Industry
For the Waste Management industry and Industrials sector, Heritage-Crystal Clean's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Heritage-Crystal Clean'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.
Heritage-Crystal Cleans Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
Heritage-Crystal Clean's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $109.7 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.
Heritage-Crystal Clean Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Heritage-Crystal Clean's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Heritage-Crystal Clean (Heritage-Crystal Clean) Business Description
Heritage-Crystal Clean In provides full-service parts cleaning, hazardous and non-hazardous bulk and containerized waste management, used oil collection, re-refining and lubricating base oil product sales, wastewater vacuum services, antifreeze collection, recycling and product sales, industrial and field services, and emergency and spill response services. It operates in two segments, Environmental Services, and Oil Business. The Environmental Services segment offers parts cleaning, containerized waste management, vacuum truck, and antifreeze recycling services, and the Oil Business segment collects used oil and sells recycled fuel oil, as well as engages in the re-refining of used oil into lubricant base oil and by-products.
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