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TNTMF (Transition Metals) Earnings Yield (Joel Greenblatt) % : -31.06% (As of May. 2024)


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What is Transition Metals Earnings Yield (Joel Greenblatt) %?

Transition Metals's Enterprise Value for the quarter that ended in May. 2024 was $2.83 Mil. Transition Metals's EBIT for the trailing twelve months (TTM) ended in May. 2024 was $-1.01 Mil. Transition Metals's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2024 was -31.06%.

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

TNTMF' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -367.8   Med: -15.98   Max: 131.52
Current: -74.63

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Transition Metals was 131.52%. The lowest was -367.80%. And the median was -15.98%.

TNTMF's Earnings Yield (Joel Greenblatt) % is ranked worse than
89.22% of 2652 companies
in the Metals & Mining industry
Industry Median: -12.16 vs TNTMF: -74.63

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) %. Transition Metals's Forward Rate of Return (Yacktman) % for the quarter that ended in May. 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.


Transition Metals Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Transition Metals'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.

Transition Metals Earnings Yield (Joel Greenblatt) % Chart

Transition Metals Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -14.08 -13.70 -3.66 -89.29 -46.30

Transition Metals Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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 -85.47 -46.30 -65.79 -94.34 -31.06

Competitive Comparison of Transition Metals's Earnings Yield (Joel Greenblatt) %

For the Other Industrial Metals & Mining subindustry, Transition Metals'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.


Transition Metals's Earnings Yield (Joel Greenblatt) % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Transition Metals's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Transition Metals 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.

Transition Metalss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-1.311/2.31503161
=-56.63 %

Transition Metals's EBIT for the trailing twelve months (TTM) ended in May. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.01 Mil.



Transition Metals  (OTCPK:TNTMF) 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.


Transition Metals Earnings Yield (Joel Greenblatt) % Related Terms

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Transition Metals Business Description

Traded in Other Exchanges
Address
9 1351C Kelly Lake Road, Sudbury, ON, CAN, P3E 5P5
Transition Metals Corp is a mineral exploration company. It evaluates, acquires, explores, and develops mineral properties in Canada and the United States. The company's projects include Gowganda Gold, Pipestone, Homathko, and Maude Lake among others.

Transition Metals Headlines

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