What is Dragon Oil Earnings Yield (Joel Greenblatt) %?
Dragon Oil's Enterprise Value for the quarter that ended in Jun. 2015 was £2,385.7 Mil.
Dragon Oil's EBIT for the trailing twelve months (TTM) ended in Jun. 2015 was £236.6 Mil. Dragon Oil's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2015 was 0.00%.
The historical rank and industry rank for Dragon Oil's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LSE:DGO'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.1 Med: 22.3 Max: 48.3
Current: 15.24
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Dragon Oil was 48.30%. The lowest was 11.10%. And the median was 22.30%.
LSE:DGO's Earnings Yield (Joel Greenblatt) % is not ranked
in the Oil & Gas industry.
Industry Median: 6.255
vs LSE:DGO: 15.24
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) %. Dragon Oil's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2015 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.
Dragon Oil Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Dragon Oil'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 Dragon Oil's Earnings Yield (Joel Greenblatt) %
For the Oil & Gas E&P subindustry, Dragon Oil'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.
Dragon Oil's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Dragon Oil's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dragon Oil'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.
Dragon Oils Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2014 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.
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.
Dragon Oil Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Dragon Oil's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Dragon Oil PLC is an independent oil and gas exploration, development and production company. The Company's producing asset is the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan. It has exploration blocks offshore Tunisia (the Bargou Exploration Permit), in Iraq (Block 9), Afghanistan (Sanduqli and Mazar-i-Sharif blocks), offshore the Philippines (Service Contract 63) in partnership with other companies and Block 19 in Egypt. The Company develops the hydrocarbon reserves in the Cheleken Contract Area in accordance with the terms of the Production Sharing Agreement (PSA). As at 31 December 2014 the Company had probably oil reserves of 663 million barrels of oil and condensate, gas 2P reserves and contingent gas resources of c. 2.7 TCF. The Bargou Exploration Permit contains prospective resources, while Block 9, Sanduqli and Mazar-i-Sharif blocks and Block 19 are at an early stage of exploration. The Company is subject to the international laws and regulations that it operates in.
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