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SMTC's Enterprise Value for the quarter that ended in Dec. 2020 was $228.4 Mil. SMTC's EBIT for the trailing twelve months (TTM) ended in Dec. 2020 was $7.5 Mil. SMTC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2020 was 3.28%.
The historical rank and industry rank for SMTC's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
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) %. SMTC's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.
The historical data trend for SMTC'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.
SMTC Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 2.68 | -13.62 | 1.69 | 2.12 | 3.28 |
SMTC Quarterly Data | ||||||||||||||||||||
Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | |
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 2.12 | 1.71 | 2.93 | 6.41 | 3.28 |
For the Electronic Components subindustry, SMTC'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 Hardware industry and Technology sector, SMTC's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where SMTC'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.
SMTCs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2020 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | 7.489 | / | 228.375432 | |
= | 3.28 % |
SMTC's EBIT for the trailing twelve months (TTM) ended in Dec. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $7.5 Mil.
SMTC (NAS:SMTX) 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 SMTC's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Steven M Waszak | officer: CFO | C/O SMTC CORPORATION 7050 WOODBINE AVENUE MARKHAM A6 L3R4G8 |
David Sandberg | director, 10 percent owner | 40 SE 5TH STREET, SUITE 502, BOCA RATON FL 33432 |
Clarke H Bailey | director | |
Red Oak Partners, Llc | 10 percent owner | 95 S. FEDERAL HWY, SUITE 201, BOCA RATON FL 33432 |
John Randall Waterfield | director | 140 BROADWAY, 46TH FLOOR, NEW YORK NY 10005 |
Frederick Gerald Wasserman | director | 4 NOBADEER DRIVE, PENNINGTON NJ 08534 |
Richard E Fitzgerald | officer: COO | SMTEK INTERNATIONAL INC 200 SCIENCE DRIVE MOORPARK CA 93021-2800 |
Edward J Smith | director, officer: President & CEO | 635 HOOD ROAD, MARKHAM A6 L3R 4N6 |
Roger Dunfield | officer: Chief Financial Officer | 116 TAYLOR STREET SANTA CRUZ CA 95060 |
Sushil Dhiman | director, officer: President and CEO | 2448 CORUM COURT UNION CITY CA 94587 |
Lawrence Harris Silber | director | 7 FOX HOLLOW COURT, FLEMINGTON NJ 08822 |
Jim Currie | officer: Chief Financial Officer | 635 HOOD ROAD MARKHAM Z4 L4R RN6 |
Alex Hugh Walker | director, officer: Co-Chief Executive Officer | 73 KATHERINE CRESCENT STOUFFVILLE A6 L4A 1K5 |
Claude Germain | officer: Co-Chief Executive Officer | 188 GORMLEY ROAD W., RICHMOND HILL A6 L4E1A2 |
Paul M Blom | officer: Executive VP, Operations | 8 MCROBERTS PLACE AURORA A6 L4G 6X2 |
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