GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MasTec Inc (NYSE:MTZ) » Definitions » Earnings Yield (Joel Greenblatt) %

MasTec (MasTec) Earnings Yield (Joel Greenblatt) % : 2.23% (As of Mar. 2024)


View and export this data going back to 1990. Start your Free Trial

What is MasTec Earnings Yield (Joel Greenblatt) %?

MasTec's Enterprise Value for the quarter that ended in Mar. 2024 was $10,330 Mil. MasTec's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $231 Mil. MasTec's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 2.23%.

The historical rank and industry rank for MasTec's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

MTZ' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.95   Med: 6.88   Max: 16.17
Current: 1.99

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of MasTec was 16.17%. The lowest was -0.95%. And the median was 6.88%.

MTZ's Earnings Yield (Joel Greenblatt) % is ranked worse than
72.74% of 1702 companies
in the Construction industry
Industry Median: 6.39 vs MTZ: 1.99

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) %. MasTec's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 5.54%. 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.


MasTec Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for MasTec'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.

MasTec Earnings Yield (Joel Greenblatt) % Chart

MasTec Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.03 7.91 5.38 1.57 1.69

MasTec 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 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 1.06 1.21 1.70 1.69 2.23

Competitive Comparison of MasTec's Earnings Yield (Joel Greenblatt) %

For the Engineering & Construction subindustry, MasTec'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.


MasTec's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry

For the Construction industry and Industrials sector, MasTec's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where MasTec's Earnings Yield (Joel Greenblatt) % falls into.



MasTec 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.

MasTecs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=151.701/8984.579172
=1.69 %

MasTec'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 $231 Mil.



MasTec  (NYSE:MTZ) 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.


MasTec Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of MasTec's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


MasTec (MasTec) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MasTec Inc (NYSE:MTZ) » Definitions » Earnings Yield (Joel Greenblatt) %
Traded in Other Exchanges
Address
800 S. Douglas Road, 12th Floor, Coral Gables, FL, USA, 33134
MasTec is a leading infrastructure construction company operating mainly in North America across a range of industries. The company's primary activities include the engineering, building, installation, maintenance, and upgrade of communications, oil and gas, utility, renewable energy, and other infrastructure. MasTec reports its results under five reportable segments: 1) communications; 2) clean energy and infrastructure; 3) oil and gas; 4) power delivery, and 5) other.
Executives
Paul Dimarco officer: CFO 800 S. DOUGLAS ROAD, SUITE 1200, CORAL GABLES FL 33134
Timothy Michael Love officer: CAO 8915 GEORGE WILLIAMS RD., KNOXVILLE TN 37923
Ava L Parker director 1469 HARRINGTON PARK DRIVE, JACKSONVILLE FL 32225
Ernst N Csiszar director 2600 S RIVER ROAD, DES PLAINES IL 60018
Robert E Apple officer: Chief Operations Officer 800 S DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
C Robert Campbell officer: EVP & CFO 800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
De Cardenas Alberto I officer: Executive Vice President 800 S DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES X1 33134
George Pita officer: CFO 3000 NW 107TH AVENUE, MIAMI FL 33172
Robert J Dwyer director 880 SOUTH OCEAN BOULEVARD, PALM BEACH FL 33480
Jose S Sorzano director AUSTIN GROUP INC, 5305 LEE HIGHWAY NORTH, ARLINGTON VA 22207
Julia L Johnson director NETCOMMUNICATIONS LLC, 614 GRAND HIGHWAY, CLAREMONT FL 34711
Javier Alberto Palomarez director 3405 PINNEY POINT DRIVE, FLOWER MOUND TX 75022
Jorge Mas director, 10 percent owner 800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
Jose Ramon Mas director, officer: EVP 800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
Daniel A Restrepo director C/O MASTEC, INC., 800 S. DOUGLAS RD., 12TH FLOOR, CORAL GABLES FL 33134

MasTec (MasTec) Headlines

From GuruFocus