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OmniLit Acquisition (OmniLit Acquisition) Earnings Yield (Joel Greenblatt) % : -1.73% (As of Sep. 2023)


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What is OmniLit Acquisition Earnings Yield (Joel Greenblatt) %?

OmniLit Acquisition's Enterprise Value for the quarter that ended in Sep. 2023 was $65.45 Mil. OmniLit Acquisition's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was $-1.14 Mil. OmniLit Acquisition's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was -1.73%.

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

OLIT' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.47   Med: 0   Max: 0
Current: -2.17

OLIT's Earnings Yield (Joel Greenblatt) % is not ranked
in the Diversified Financial Services industry.
Industry Median: -1.62 vs OLIT: -2.17

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) %. OmniLit Acquisition'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.


OmniLit Acquisition Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for OmniLit Acquisition'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.

OmniLit Acquisition Earnings Yield (Joel Greenblatt) % Chart

OmniLit Acquisition Annual Data
Trend Dec21 Dec22
Earnings Yield (Joel Greenblatt) %
- -1.29

OmniLit Acquisition Quarterly Data
May21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.26 -1.29 -1.48 -1.80 -1.73

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

For the Shell Companies subindustry, OmniLit Acquisition'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.


OmniLit Acquisition's Earnings Yield (Joel Greenblatt) % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, OmniLit Acquisition's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



OmniLit Acquisition 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.

OmniLit Acquisitions Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-0.788/61.2792
=-1.29 %

OmniLit Acquisition'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 $-1.14 Mil.



OmniLit Acquisition  (NAS:OLIT) 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.


OmniLit Acquisition Earnings Yield (Joel Greenblatt) % Related Terms

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OmniLit Acquisition (OmniLit Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
1111 Lincoln Road, Suite 500, Miami Beach, FL, USA, 33139
OmniLit Acquisition Corp is a blank check company.
Executives
Brent David Rosenthal director C/O WR HUFF ASSET MANAGEMENT, 67 PARK PLACE, MORRISTOWN NJ 07960
Albert Manzone director C/O MERISANT, AVENUE JEAN-JACQUES ROUSSEAU 7, NEUCHATEL V8 CH-2000
Walter A. Bishop director 813 REGENT DRIVE, WESTBURY NY 11590
Goldman Sachs & Co. Llc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Jeffrey A Altman 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek Asset Management, L.p. 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
James M. Jenkins director 1600 BAUSCH & LOMB PLACE, ROCHESTER NY 14604
Kent R Weldon director C/O THOMAS H. LEE PARTNERS, L.P., 100 FEDERAL STREET, 35TH FLOOR, BOSTON MA 02110
Brian F. Hughes director 124 COLONIAL RIDGE DRIVE, HADDONFIELD NJ 08033
Mark D Norman director C/O ZIPCAR, INC., 25 FIRST STREET, 4TH FLOOR, CAMBRIDGE MA 02141
Skylar Jacobs officer: Chief Operating Officer 1 IRVING TERRACE, CAMBRIDGE MA 02138
Nelson Robert O Ii officer: CFO and Secretary 29 HIDDEN ROAD, WESTON MA 02493
Alok Kapoor director, 10 percent owner, officer: Chairman and CEO 157 BEAVER, WESTON MA 02493