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Territorial Generating Co No 1 PJSC (MIC:TGKA) Earnings Yield (Joel Greenblatt) % : 0.90% (As of Sep. 2023)


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What is Territorial Generating Co No 1 PJSC Earnings Yield (Joel Greenblatt) %?

Territorial Generating Co No 1 PJSC's Enterprise Value for the quarter that ended in Sep. 2023 was ₽72,363 Mil. Territorial Generating Co No 1 PJSC's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was ₽652 Mil. Territorial Generating Co No 1 PJSC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 0.90%.

The historical rank and industry rank for Territorial Generating Co No 1 PJSC's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

MIC:TGKA' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.88   Med: 13.6   Max: 35
Current: 1.21

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Territorial Generating Co No 1 PJSC was 35.00%. The lowest was -1.88%. And the median was 13.60%.

MIC:TGKA's Earnings Yield (Joel Greenblatt) % is ranked worse than
86.42% of 530 companies
in the Utilities - Regulated industry
Industry Median: 6.655 vs MIC:TGKA: 1.21

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) %. Territorial Generating Co No 1 PJSC's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 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.


Territorial Generating Co No 1 PJSC Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Territorial Generating Co No 1 PJSC'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.

Territorial Generating Co No 1 PJSC Earnings Yield (Joel Greenblatt) % Chart

Territorial Generating Co No 1 PJSC Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.98 22.37 16.45 14.51 13.62

Territorial Generating Co No 1 PJSC Quarterly Data
Sep16 Dec16 Mar17 Jun17 Dec17 Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Jun23 Sep23
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.96 28.65 25.91 -4.02 0.90

Competitive Comparison of Territorial Generating Co No 1 PJSC's Earnings Yield (Joel Greenblatt) %

For the Utilities - Regulated Electric subindustry, Territorial Generating Co No 1 PJSC'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.


Territorial Generating Co No 1 PJSC's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Territorial Generating Co No 1 PJSC's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Territorial Generating Co No 1 PJSC's Earnings Yield (Joel Greenblatt) % falls into.



Territorial Generating Co No 1 PJSC 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.

Territorial Generating Co No 1 PJSCs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=10138/74441.1396
=13.62 %

Territorial Generating Co No 1 PJSC's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₽652 Mil.



Territorial Generating Co No 1 PJSC  (MIC:TGKA) 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.


Territorial Generating Co No 1 PJSC Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Territorial Generating Co No 1 PJSC's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Territorial Generating Co No 1 PJSC (MIC:TGKA) Business Description

Traded in Other Exchanges
N/A
Address
16 Dobrolyubova Prospect, 2A Building, Litera A, Arena Hall Business Centre, Saint Petersburg, RUS, 197198
Territorial Generating Co No 1 PJSC is involved in the production of electricity and heat in the North-West region of Russia. It operates approximately 52 electric generating stations in four regions of Russia: St. Petersburg, Republic of Karelia, Leningrad Oblast, and Murmansk Oblast. The company's operating segment includes TPP of Nevsky branch, HPS of Nevsky branch. Heating Grid, Kolsky branch, Karelsky branch and Murmanskaya TPP. It generates maximum revenue from the TPP of Nevsky branch.

Territorial Generating Co No 1 PJSC (MIC:TGKA) Headlines

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