What is Green Impact Partners Earnings Yield (Joel Greenblatt) %?
Green Impact Partners's Enterprise Value for the quarter that ended in Sep. 2023 was C$160.9 Mil.
Green Impact Partners's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was C$5.3 Mil. Green Impact Partners's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 3.31%.
The historical rank and industry rank for Green Impact Partners's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSXV:GIP'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.09 Med: -2.57 Max: 6.73
Current: 6.73
During the past 3 years, the highest Earnings Yield (Joel Greenblatt) of Green Impact Partners was 6.73%. The lowest was -5.09%. And the median was -2.57%.
TSXV:GIP's Earnings Yield (Joel Greenblatt) % is ranked better than 63.06% of 444
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.585
vs TSXV:GIP: 6.73
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) %. Green Impact Partners's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 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.
Green Impact Partners Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Green Impact Partners'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.
Green Impact Partners Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Green Impact Partners's Earnings Yield (Joel Greenblatt) %
For the Utilities - Renewable subindustry, Green Impact Partners'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.
Green Impact Partners's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Green Impact Partners's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Green Impact Partners's Earnings Yield (Joel Greenblatt) % falls into.
Green Impact Partners 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.
Green Impact Partnerss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
Green Impact Partners's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$5.3 Mil.
Green Impact Partners (TSXV:GIP) 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.
Green Impact Partners Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Green Impact Partners's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Green Impact Partners (TSXV:GIP) Business Description
Green Impact Partners Inc is a clean energy company with an operating portfolio of water and solids treatment and recycling facilities in North America. The company also has a portfolio of renewable natural gas and clean energy development projects. Its services include water and solids recycling management, disposal services, and energy product optimization services. Its operating segments are Water and Industrial, and Energy Production. The Water and Industrial segment consists of water, waste, and solids disposal and recycling services as well as other marketing operations. The Energy Production segment is currently comprised of multiple pre-production renewable energy projects.
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