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C-QUADRAT Investment AG (XTER:C8I) Earnings Yield (Joel Greenblatt) % : 9.17% (As of Jun. 2018)


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What is C-QUADRAT Investment AG Earnings Yield (Joel Greenblatt) %?

C-QUADRAT Investment AG's Enterprise Value for the quarter that ended in Jun. 2018 was €200.93 Mil. C-QUADRAT Investment AG's EBIT for the trailing twelve months (TTM) ended in Jun. 2018 was €22.00 Mil. C-QUADRAT Investment AG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2018 was 9.17%.

The historical rank and industry rank for C-QUADRAT Investment AG's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

XTER:C8I's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Asset Management industry.
Industry Median: 0
* 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) %. C-QUADRAT Investment AG's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2018 was 8.32%. 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.


C-QUADRAT Investment AG Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for C-QUADRAT Investment AG'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.

C-QUADRAT Investment AG Earnings Yield (Joel Greenblatt) % Chart

C-QUADRAT Investment AG Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.48 22.57 15.43 1.84 9.12

C-QUADRAT Investment AG Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
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 Premium Member Only Premium Member Only Premium Member Only 2.61 3.33 9.12 9.60 9.17

Competitive Comparison of C-QUADRAT Investment AG's Earnings Yield (Joel Greenblatt) %

For the Asset Management subindustry, C-QUADRAT Investment AG'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.


C-QUADRAT Investment AG's Earnings Yield (Joel Greenblatt) % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, C-QUADRAT Investment AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where C-QUADRAT Investment AG's Earnings Yield (Joel Greenblatt) % falls into.



C-QUADRAT Investment AG 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.

C-QUADRAT Investment AGs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2017 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=19.897/210.78236
=9.44 %

C-QUADRAT Investment AG's EBIT for the trailing twelve months (TTM) ended in Jun. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was €22.00 Mil.



C-QUADRAT Investment AG  (XTER:C8I) 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.


C-QUADRAT Investment AG Earnings Yield (Joel Greenblatt) % Related Terms

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C-QUADRAT Investment AG (XTER:C8I) Business Description

Traded in Other Exchanges
N/A
Address
Schottenfeldgasse 20, Vienna, AUT, 1070
C-QUADRAT Investment AG is Austria - based asset management company. Its core business is to analysis and management of investment funds and the management and marketing of its own funds of funds, stock-picking funds as well as special mandates for institutional clients. The company handles the management of external assets within the scope of publicly launched investment funds as well as the marketing of the company's own investment funds and products. Its operating segments include Investments, and Asset Management and Sales. The company's revenue comprises of revenue received for rendering services in the securities and fund management field.

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