What is Vision Marine Technologies Earnings Yield (Joel Greenblatt) %?
Vision Marine Technologies's Enterprise Value for the quarter that ended in Feb. 2024 was $10.86 Mil.
Vision Marine Technologies's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was $-11.11 Mil. Vision Marine Technologies's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was 0.00%.
The historical rank and industry rank for Vision Marine Technologies's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
VMAR'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -147 Med: -31.17 Max: -1.37
Current: -107.53
During the past 6 years, the highest Earnings Yield (Joel Greenblatt) of Vision Marine Technologies was -1.37%. The lowest was -147.00%. And the median was -31.17%.
VMAR's Earnings Yield (Joel Greenblatt) % is ranked worse than 97.93% of 1307
companies
in the Vehicles & Parts industry
Industry Median: 5.69
vs VMAR: -107.53
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) %. Vision Marine Technologies's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 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.
Vision Marine Technologies Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Vision Marine Technologies'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.
For the Recreational Vehicles subindustry, Vision Marine Technologies'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.
Vision Marine Technologies's Earnings Yield (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Vision Marine Technologies's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Vision Marine Technologies's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Vision Marine Technologiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2023 is calculated as
Vision Marine Technologies's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-11.11 Mil.
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.
Vision Marine Technologies Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Vision Marine Technologies's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Vision Marine Technologies (Vision Marine Technologies) Business Description
Vision Marine Technologies Inc is in the business of designing and manufacturing electric outboard powertrain systems, power boats, and related technology and the renting of electric boats. The different models of the powerboats and electric boats manufactured by the company includes, Bruce 22, Fantail 217, Volt 180 and others. The company operates in two reportable business segments; Sale of electric boats and Rental of electric boats. The majority of the revenue for the company is generated from its Rental of electric boats segment. Geographically, the company generates revenue from its business in Canada, USA and other countries. A substantial portion of the overall revenue is generated from its business in USA.
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