What is Stardust Solar Energy Earnings Yield (Joel Greenblatt) %?
Stardust Solar Energy's Enterprise Value for the quarter that ended in Sep. 2024 was C$0.00 Mil.
Stardust Solar Energy does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in Sep. 2024. Therefore, GuruFocus does not calculate Stardust Solar Energy's Earnings Yield (Joel Greenblatt) at this moment.
The historical rank and industry rank for Stardust Solar Energy's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSXV:SUN'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -62.5 Med: 0 Max: 0
Current: -54.05
TSXV:SUN's Earnings Yield (Joel Greenblatt) % is ranked worse than 94.27% of 454
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.565
vs TSXV:SUN: -54.05
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) %. Stardust Solar Energy'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.
Stardust Solar Energy Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Stardust Solar Energy'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.
Stardust Solar Energy Earnings Yield (Joel Greenblatt) % Chart
Stardust Solar Energy Annual Data
Trend
Earnings Yield (Joel Greenblatt) %
Stardust Solar Energy Quarterly Data
Jun23
Sep23
Jun24
Sep24
Earnings Yield (Joel Greenblatt) %
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Competitive Comparison of Stardust Solar Energy's Earnings Yield (Joel Greenblatt) %
For the Utilities - Renewable subindustry, Stardust Solar Energy'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.
Stardust Solar Energy's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Stardust Solar Energy's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Stardust Solar Energy's Earnings Yield (Joel Greenblatt) % falls into.
Stardust Solar Energy 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.
Stardust Solar Energys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in . 20 is calculated as
Stardust Solar Energy (TSXV:SUN) 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.
Stardust Solar Energy Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Stardust Solar Energy's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Stardust Solar Energy Inc is a franchisor of renewable energy installation services, including solar panels (PV), energy storage systems, and electric vehicle supply equipment. It lends its brand and business management services to entrepreneurs looking to enter the industry of renewable energies. Stardust franchisees install and maintain clean energy systems for residential and commercial purposes. As a franchisor, the company supplies its franchisees with the following products: solar PV equipment, energy storage equipment, and electric vehicle supply equipment. In addition, the company supports its franchisees with many services including marketing, sales, engineering, plan sets, customer service, and project management.
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