What is Invinity Energy Systems Earnings Yield (Joel Greenblatt) %?
Invinity Energy Systems's Enterprise Value for the quarter that ended in Jun. 2023 was £81.95 Mil.
Invinity Energy Systems's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was £-19.10 Mil. Invinity Energy Systems's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2023 was 0.00%.
The historical rank and industry rank for Invinity Energy Systems's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LSE:IES'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -422.84 Med: -43.48 Max: -18.95
Current: -21.55
During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of Invinity Energy Systems was -18.95%. The lowest was -422.84%. And the median was -43.48%.
LSE:IES's Earnings Yield (Joel Greenblatt) % is ranked worse than 92.17% of 447
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.76
vs LSE:IES: -21.55
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) %. Invinity Energy Systems's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2023 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.
Invinity Energy Systems Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Invinity Energy Systems'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.
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Invinity Energy Systems Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Invinity Energy Systems's Earnings Yield (Joel Greenblatt) %
For the Utilities - Renewable subindustry, Invinity Energy Systems'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.
Invinity Energy Systems's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Invinity Energy Systems's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Invinity Energy Systems's Earnings Yield (Joel Greenblatt) % falls into.
Invinity Energy Systems 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.
Invinity Energy Systemss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 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.
Invinity Energy Systems (LSE:IES) 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.
Invinity Energy Systems Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Invinity Energy Systems's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Invinity Energy Systems (LSE:IES) Business Description
Invinity Energy Systems PLC operates in the manufacturing of vanadium flow battery systems and their related installation and other services. Its vanadium flow batteries are a form of heavy-duty, stationary energy storage, used in high-utilization applications such as being coupled with industrial-scale solar generation for distributed, low-carbon energy projects. The company's flow battery systems are ideal for commercial and industrial sites, grid network infrastructure projects, and off-grid applications, either standalone or alongside renewable energy such as solar PV. It generates the majority of its revenue from the sale of Battery systems and associated control systems. Its geographical segments are the United Kingdom, Asia, the United States, and Others.
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