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Frontier Developments (STU:5FD) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Nov. 2023)


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What is Frontier Developments Earnings Yield (Joel Greenblatt) %?

Frontier Developments's Enterprise Value for the quarter that ended in Nov. 2023 was €68.6 Mil. Frontier Developments's EBIT for the trailing twelve months (TTM) ended in Nov. 2023 was €-73.8 Mil. Frontier Developments's Earnings Yield (Joel Greenblatt) for the quarter that ended in Nov. 2023 was 0.00%.

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

STU:5FD' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -71.05   Med: 1.74   Max: 6.05
Current: -55.7

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Frontier Developments was 6.05%. The lowest was -71.05%. And the median was 1.74%.

STU:5FD's Earnings Yield (Joel Greenblatt) % is ranked worse than
90.31% of 578 companies
in the Interactive Media industry
Industry Median: 0.01 vs STU:5FD: -55.70

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) %. Frontier Developments's Forward Rate of Return (Yacktman) % for the quarter that ended in Nov. 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.


Frontier Developments Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Frontier Developments'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.

Frontier Developments Earnings Yield (Joel Greenblatt) % Chart

Frontier Developments Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.93 2.13 2.01 0.32 -13.12

Frontier Developments Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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 - 0.32 - -13.12 -

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

For the Electronic Gaming & Multimedia subindustry, Frontier Developments'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.


Frontier Developments's Earnings Yield (Joel Greenblatt) % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Frontier Developments's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Frontier Developments 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.

Frontier Developmentss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in May. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-30.529/241.93476
=-12.62 %

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.



Frontier Developments  (STU:5FD) 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.


Frontier Developments Earnings Yield (Joel Greenblatt) % Related Terms

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


Frontier Developments (STU:5FD) Business Description

Traded in Other Exchanges
Address
Milton Road, 26 Science Park, Cambridge, GBR, CB4 0FP
Frontier Developments PLC develops video games for the interactive entertainment sector. It develops games using its Cobra proprietary cross-platform technology along with industry-standard software packages, allowing code and resources developed on PC to be compiled. Its games include RollerCoaster Tycoon 3, LostWinds, Kinectimals, Kinect Disneyland Adventures and Coaster Crazy games. It has only one reportable segment: Self-Published Work. Business operations are based in the UK and its North American subsidiary, Frontier Developments Inc. in the US. The company has one operating segment, being revenue from publishing games and revenue from other streams such as royalties and licensing.

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