Mota-Engil Africa NV (XAMS:MEAFR) Earnings Yield (Joel Greenblatt) % : 9.85% (As of Dec. 2014)

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What is Mota-Engil Africa NV Earnings Yield (Joel Greenblatt) %?

Mota-Engil Africa NV's Enterprise Value for the quarter that ended in Dec. 2014 was €1,031 Mil. Mota-Engil Africa NV's EBIT for the trailing twelve months (TTM) ended in Dec. 2014 was €102 Mil. Mota-Engil Africa NV's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2014 was 9.85%.

The historical rank and industry rank for Mota-Engil Africa NV's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

XAMS:MEAFR' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.4 Med: 5.7 Max: 11.7
Current: 11.7

During the past 4 years, the highest Earnings Yield (Joel Greenblatt) of Mota-Engil Africa NV was 11.70%. The lowest was 4.40%. And the median was 5.70%.

XAMS:MEAFR's Earnings Yield (Joel Greenblatt) % is not ranked
in the Construction industry.
Industry Median: 6.475 vs XAMS:MEAFR: 11.70

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) %. Mota-Engil Africa NV's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2014 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.

Mota-Engil Africa NV Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Mota-Engil Africa NV'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.

Mota-Engil Africa NV Earnings Yield (Joel Greenblatt) % Chart

Mota-Engil Africa NV Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Earnings Yield (Joel Greenblatt) %

9.85

Mota-Engil Africa NV Semi-Annual Data
	Dec11	Dec12	Dec13	Dec14
Earnings Yield (Joel Greenblatt) %	-	-	-	9.85

Competitive Comparison of Mota-Engil Africa NV's Earnings Yield (Joel Greenblatt) %

For the Engineering & Construction subindustry, Mota-Engil Africa NV'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.

Mota-Engil Africa NV's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Mota-Engil Africa NV's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Mota-Engil Africa NV's Earnings Yield (Joel Greenblatt) % falls into.

Mota-Engil Africa NV 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.

Mota-Engil Africa NVs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2014 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	101.618	/	1031.439
	=	9.85 %

For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.

Mota-Engil Africa NV (XAMS:MEAFR) 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

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

Mota-Engil Africa NV Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Mota-Engil Africa NV's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.

Mota-Engil Africa NV (XAMS:MEAFR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mota-Engil Africa NV (XAMS:MEAFR) » Definitions » Earnings Yield (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.africa.mota-engil.com

Mota-Engil Africa NV was incorporated on October 31, 2012 by a notarial deed of incorporation as a private company with limited liability under the laws of the Netherlands. The Company is a provider of integrated engineering and construction services. The Company also provides other services, across its target markets in Sub-Saharan Africa. Its portfolio of services ranges from Engineering and Construction which includes infrastructure such as roads, railways, bridges and dams, mining services, civil construction works and real estate construction and services, Logistics which includes ports and other infrastructure management and Environment and Services which includes waste management and collection and water treatment and distribution. The Company currently operates in ten countries comprising its primary markets of Angola, Malawi and Mozambique as well as its other markets of Cape Verde, Ghana, SÃ£o TomÃ© and PrÃncipe, South Africa, Uganda, Zambia and Zimbabwe.

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