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TransMedics Group's Enterprise Value for the quarter that ended in Sep. 2024 was $5,457.2 Mil. TransMedics Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 was $47.1 Mil. TransMedics Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2024 was 0.86%.
The historical rank and industry rank for TransMedics Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of TransMedics Group was 1.97%. The lowest was -14.57%. And the median was -3.66%.
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) %. TransMedics Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2024 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 TransMedics Group'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.
TransMedics Group Annual Data | |||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | -8.18 | -5.50 | -8.33 | -1.75 | -0.59 |
TransMedics Group Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | -1.55 | -0.59 | 0.06 | 0.31 | 0.86 |
For the Medical Devices subindustry, TransMedics Group'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 Medical Devices & Instruments industry and Healthcare sector, TransMedics Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where TransMedics Group'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.
TransMedics Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | -15.88 | / | 2699.840244 | |
= | -0.59 % |
TransMedics Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $47.1 Mil.
TransMedics Group (NAS:TMDX) 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 TransMedics Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tamer I Khayal | officer: Chief Commercial Officer | TRANSMEDICS INC, 200 MINUTEMAN ROAD, ANDOVER MA 01810 |
Edward M Basile | director | 200 MINUTEMAN ROAD, ANDOVER MA 01810 |
Waleed H Hassanein | director, officer: President & CEO | TRANSMEDICS INC, 200 MINUTEMAN ROAD, ANDOVER MA 01810 |
Nicholas Corcoran | officer: See Remarks | C/O TRANSMEDICS GROUP, INC., 200 MINUTEMAN ROAD, SUITE 302, ANDOVER MA 01810 |
James R Tobin | director | C/O CURIS INC, 4 MAGUIRE ROAD, LEXINGTON MA 02421 |
Anil P. Ranganath | officer: See Remarks | C/O TRANSMEDICS GROUP, INC., 200 MINUTEMAN ROAD, SUITE 302, ANDOVER MA 01810 |
Stephen Gordon | officer: Chief Financial Officer | 200 MINUTEMAN ROAD, ANDOVER MA 01810 |
David Weill | director | 200 MINUTEMAN ROAD, SUITE 302, ANDOVER MA 01810 |
Miriam Provost | officer: VP of US Regulatory & FDA Rel. | 2000 MINUTEMAN ROAD, ANDOVER MA 01810 |
John F Carey | officer: VP of Operations | 200 MINUTEMAN ROAD, SUITE 302, ANDOVER MA 01810 |
Laura Damme | officer: VP, Clinical Affairs | C/O TRANSMEDICS GROUP, INC., 200 MINUTEMAN ROAD, SUITE 302, ANDOVER MA 01810 |
Stephanie Lovell | director | C/O CYCLERION THERAPEUTICS, INC., 301 BINNEY STREET, CAMBRIDGE MA 02142 |
Kania Edwin M Jr | director | |
Rakesh P. Godhani | officer: Chief Digital Officer | C/O TRANSMEDICS GROUP, INC., 200 MINUTEMAN ROAD, SUITE 302, ANDOVER MA 01810 |
John F Sullivan | officer: VP of Quality & Engineering | 200 MINUTEMAN ROAD, SUITE 302, ANDOVER MA 01810 |
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