What is Algoma Steel Group Earnings Yield (Joel Greenblatt) %?
Algoma Steel Group's Enterprise Value for the quarter that ended in Sep. 2024 was C$1,613 Mil.
Algoma Steel Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 was C$-123 Mil. Algoma Steel Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2024 was -7.65%.
The historical rank and industry rank for Algoma Steel Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSX:ASTL'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.54 Med: 33.33 Max: 181.73
Current: -7.4
During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of Algoma Steel Group was 181.73%. The lowest was -7.54%. And the median was 33.33%.
TSX:ASTL's Earnings Yield (Joel Greenblatt) % is ranked worse than 89.51% of 648
companies
in the Steel industry
Industry Median: 5.395
vs TSX:ASTL: -7.40
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) %. Algoma Steel 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.
Algoma Steel Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Algoma Steel 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.
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Algoma Steel Group Earnings Yield (Joel Greenblatt) % Chart
For the Steel subindustry, Algoma Steel 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.
Algoma Steel Group's Earnings Yield (Joel Greenblatt) % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Algoma Steel Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Algoma Steel Group's Earnings Yield (Joel Greenblatt) % falls into.
Algoma Steel Group 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.
Algoma Steel Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Algoma Steel 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 C$-123 Mil.
Algoma Steel Group (TSX:ASTL) 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.
Algoma Steel Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Algoma Steel Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Algoma Steel Group Inc is a Canadian company engaged in the production of clean and consistent light gauge steel. The company offers a range of hot and cold rolled steel sheet and plate products. The firm operates in a single segment of basic steel production including sheets, plates, slabs, and freights. The company's revenue is generated from contracts to produce, ship, and deliver steel products Geographically it serves Canada, the United States, and the rest of the world, whilst driving key revenue from domestic sales. The company generates the majority of its revenue from the sale of Steel sheets and strips.
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