What is Next Digital Earnings Yield (Joel Greenblatt) %?
Next Digital's Enterprise Value for the quarter that ended in Sep. 2020 was $0.00 Mil.
Next Digital's EBIT for the trailing twelve months (TTM) ended in Sep. 2020 was $-29.07 Mil. Next Digital's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2020 was 0.00%.
The historical rank and industry rank for Next Digital's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NXMDF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -70.46 Med: -30.66 Max: 33.4
Current: -16.95
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Next Digital was 33.40%. The lowest was -70.46%. And the median was -30.66%.
NXMDF's Earnings Yield (Joel Greenblatt) % is not ranked
in the Media - Diversified industry.
Industry Median: 3.2
vs NXMDF: -16.95
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) %. Next Digital's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2020 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.
Next Digital Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Next Digital'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.
Next Digital Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Next Digital's Earnings Yield (Joel Greenblatt) %
For the Publishing subindustry, Next Digital'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.
Next Digital's Earnings Yield (Joel Greenblatt) % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Next Digital's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Next Digital's Earnings Yield (Joel Greenblatt) % falls into.
Next Digital 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.
Next Digitals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2020 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.
Next Digital (GREY:NXMDF) 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.
Next Digital Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Next Digital's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Next Digital Ltd is engaged in the print media business. Business activity of the firm is operated by the Digital Businesses and Print Business segment. The Digital Business segment includes Internet advertising, Internet subscription, content provision, and the development of mobile games and apps. The Print Business segment which derives majority revenue relates to the sale of newspapers, books and magazines and provision of newspapers, books and magazines printing and advertising services. Geographically, it operates in Hong Kong, Taiwan, and Other countries out of which Hong Kong accounts for the majority revenue.
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