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Universal Potash (Universal Potash) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Jun. 2008)


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What is Universal Potash Earnings Yield (Joel Greenblatt) %?

Universal Potash's Enterprise Value for the quarter that ended in Jun. 2008 was $11.45 Mil. Universal Potash's EBIT for the trailing twelve months (TTM) ended in Jun. 2008 was $-0.54 Mil. Universal Potash's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2008 was 0.00%.

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

UPCO's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Metals & Mining industry.
Industry Median: -12.08
* Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.

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) %. Universal Potash's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2008 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.


Universal Potash Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Universal Potash'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.

Universal Potash Earnings Yield (Joel Greenblatt) % Chart

Universal Potash Annual Data
Trend Mar04 Mar05 Mar06 Mar07 Mar08
Earnings Yield (Joel Greenblatt) %
- - - -0.43 -5.10

Universal Potash Quarterly Data
Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08
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 - - - - -

Competitive Comparison of Universal Potash's Earnings Yield (Joel Greenblatt) %

For the Other Industrial Metals & Mining subindustry, Universal Potash'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.


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

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

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



Universal Potash 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.

Universal Potashs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2008 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-0.86/16.864056
=-5.10 %

Universal Potash's EBIT for the trailing twelve months (TTM) ended in Jun. 2008 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.54 Mil.



Universal Potash  (OTCPK:UPCO) 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.


Universal Potash Earnings Yield (Joel Greenblatt) % Related Terms

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Universal Potash (Universal Potash) Business Description

Traded in Other Exchanges
N/A
Address
1300 East Street, Fairport Harbor, OH, USA, 44077
Universal Potash Corp is an exploration stage company. It is engaged in the mining of natural resources in the United States.

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