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Synthesis Energy Systems's Enterprise Value for the quarter that ended in Dec. 2019 was $27.24 Mil.
Synthesis Energy Systems's EBIT for the trailing twelve months (TTM) ended in Dec. 2019 was $-28.90 Mil. Synthesis Energy Systems's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2019 was -106.38%.
The historical rank and industry rank for Synthesis Energy Systems's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SYNE's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Oil & Gas industry.
Industry Median: 5.23 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. Synthesis Energy Systems's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2019 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five 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.
Synthesis Energy Systems (OTCPK:SYNE) 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.
Synthesis Energy Systems Earnings Yield (Joel Greenblatt) % Related Terms
Synthesis Energy Systems Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Synthesis Energy Systems'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.
Synthesis Energy Systems Earnings Yield (Joel Greenblatt) % Chart
For the Oil & Gas Equipment & Services subindustry, Synthesis Energy Systems'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.
Synthesis Energy Systems Earnings Yield (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Synthesis Energy Systems's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Synthesis Energy Systems's Earnings Yield (Joel Greenblatt) % falls into.
Synthesis Energy Systems 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.
Synthesis Energy Systemss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2019 is calculated as
Synthesis Energy Systems's EBIT for the trailing twelve months (TTM) ended in Dec. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-28.90 Mil.
What does a Earnings Yield (Joel Greenblatt) % of -106.38% mean?
Synthesis Energy Systems (SYNE) has a Earnings Yield (Joel Greenblatt) % of -106.38% as of Dec. 2019. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Synthesis Energy Systems and its competitors.
Is Synthesis Energy Systems' Earnings Yield (Joel Greenblatt) % too high?
Synthesis Energy Systems' current Earnings Yield (Joel Greenblatt) % is -106.38%. Overall, Synthesis Energy Systems has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Synthesis Energy Systems' Earnings Yield (Joel Greenblatt) % compare to SMGI and ALYE?
Synthesis Energy Systems' Earnings Yield (Joel Greenblatt) % of -106.38% can be compared against companies in the Oil & Gas industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.23. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for an Oil & Gas company?
The median Earnings Yield (Joel Greenblatt) % among Oil & Gas companies is 5.23, based on 1,042 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Synthesis Energy Systems and its competitors. For the Oil & Gas industry, the median Earnings Yield (Joel Greenblatt) % is 5.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Synthesis Energy Systems's current Earnings Yield (Joel Greenblatt) % is -106.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Synthesis Energy Systems stock overvalued right now?
Synthesis Energy Systems (SYNE) has a current Earnings Yield (Joel Greenblatt) % of -106.38%. The current Earnings Yield (Joel Greenblatt) % is -106.38%. Synthesis Energy Systems' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Synthesis Energy Systems (SYNE), the current Earnings Yield (Joel Greenblatt) % is -106.38% as of Dec. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Synthesis Energy Systems Inc is a US-based clean energy company that develops, builds and owns clean energy projects. The company provides proprietary gasification technology systems and solutions to the energy and chemical industries. Its gasification technology is a flexible, efficient and economic technology used for the production of synthesis gas or syngas which is a mixture of hydrogen, carbon monoxide and methane. Business activities of the company include supplying its proprietary gasification technology, equipment, and services into projects where these lower cost feedstocks can be profitably converted into clean syngas, which can then be used to produce a variety of high-value energy and chemical products.
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