What is Oakbay Resources and Energy Earnings Yield (Joel Greenblatt) %?
Oakbay Resources and Energy's Enterprise Value for the quarter that ended in Feb. 2017 was R18,142.2 Mil.
Oakbay Resources and Energy's EBIT for the trailing twelve months (TTM) ended in Feb. 2017 was R-1,222.4 Mil. Oakbay Resources and Energy's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2017 was -6.74%.
The historical rank and industry rank for Oakbay Resources and Energy's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
JSE:46926's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Metals & Mining industry.
Industry Median: -11.5 * 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) %. Oakbay Resources and Energy's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2017 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.
Oakbay Resources and Energy Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Oakbay Resources and Energy'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.
Oakbay Resources and Energy Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Oakbay Resources and Energy's Earnings Yield (Joel Greenblatt) %
For the Other Industrial Metals & Mining subindustry, Oakbay Resources and Energy'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.
Oakbay Resources and Energy's Earnings Yield (Joel Greenblatt) % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Oakbay Resources and Energy's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Oakbay Resources and Energy's Earnings Yield (Joel Greenblatt) % falls into.
Oakbay Resources and Energy 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.
Oakbay Resources and Energys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Feb. 2017 is calculated as
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.
Oakbay Resources and Energy (JSE:46926) 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.
Oakbay Resources and Energy Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Oakbay Resources and Energy's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Oakbay Resources and Energy (JSE:46926) Business Description
Oakbay Resources and Energy Ltd mines for energy resources with a focus on uranium development and coal production. The company's Shiva Uranium project inferred uranium resources more than 190 million pounds and indicated and inferred gold resources more than 5 million ounces. It mines for gold deposits as a by-product and offers outsourced contracting to the mining industry. The company's segments consist of Gold Operations, Uranium Development, Central Services and Contract Mining. The majority of its revenues are derived from mining and sale of gold in the Republic of South Africa.
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