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Beyond Meat's Enterprise Value for the quarter that ended in Mar. 2024 was $1,600.7 Mil. Beyond Meat's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $-328.8 Mil. Beyond Meat's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was -20.53%.
The historical rank and industry rank for Beyond Meat's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of Beyond Meat was -0.01%. The lowest was -22.91%. And the median was -2.36%.
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) %. Beyond Meat's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 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.
The historical data trend for Beyond Meat'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.
Beyond Meat Annual Data | |||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | -0.21 | -0.65 | -3.85 | -20.58 | -20.62 |
Beyond Meat Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | -15.22 | -13.95 | -14.47 | -20.62 | -20.53 |
For the Packaged Foods subindustry, Beyond Meat'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.
For the Consumer Packaged Goods industry and Consumer Defensive sector, Beyond Meat's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Beyond Meat'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.
Beyond Meats Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | -330.282 | / | 1601.79049 | |
= | -20.62 % |
Beyond Meat's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-328.8 Mil.
Beyond Meat (NAS:BYND) 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.
Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.
Thank you for viewing the detailed overview of Beyond Meat's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Chad M Peffer | officer: Interim Chief Growth Officer | C/O BEYOND MEAT, INC., 888 N. DOUGLAS STREET, SUITE 100, EL SEGUNDO CA 90245 |
C James Koch | director | C/O THE BOSTON BEER COMPANY, ONE DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210 |
Akerho Oghoghomeh | officer: See Remarks | C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245 |
Dariush Ajami | officer: Chief Innovation Officer | C/O BEYOND MEAT, INC., 1325 E. EL SEGUNDO BLVD., EL SEGUNDO CA 90245 |
Lubi Kutua | officer: CFO, Treasurer | C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245 |
Beth Moskowitz | officer: Chief Creative Officer | C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245 |
Sharman Robert M Jr | officer: See Remarks | C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245 |
Henry Dieu | officer: See Remarks. | C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245 |
Brad Hiranaga | officer: SEE REMARKS | C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245 |
Jay Colleen | director | C/O THE COOPER COMPANIES, INC., 6140 STONERIDGE MALL ROAD, SUITE 590, PLEASANTON CA 94588 |
Diane Carhart | director | C/O BEYOND MEAT, INC., 1325 E. EL SEGUNDO BLVD., EL SEGUNDO CA 90245 |
Teri L Witteman | officer: General Counsel, Secretary | 20333 S. NORMANDIE AVE, TORRANCE CA 90502 |
George Bernard Adcock | officer: Chief Suppy Chain Officer | C/O BEYOND MEAT, INC., 119 STANDARD ST., EL SEGUNDO CA 90245 |
Douglas Wayne Ramsey | officer: Chief Operating Officer | C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245 |
Jonathan P Nelson | officer: Interim COO | C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245 |
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