The earnings yield is an indication of how much return shareholders' investment in the company earned over the past 12 months. The higher the earnings yield is, the better.
As of today (2024-05-14), the stock price of Baltic Trading is €1.47.
Baltic Trading's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2015 was €-0.94. Therefore, Baltic Trading's earnings yield of today is N/A%.
The earnings yield does not consider the growth of the business. A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Baltic Trading's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2015 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.
Baltic Trading Earnings Yield % Calculation
Earnings yield is the reciprocal of the P/E Ratio.
Baltic Trading's Earnings Yield for today is calculated as
Baltic Trading's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.936 Mil.
* 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.
It can also be calculated from the numbers for the whole company:
If the P/E ratio is an indication of how many years it takes for the company to earn back the stock price shareholders pay to buy the shares, the earnings yield is an indication of how much return shareholders' investment in the company earned over the past 12 months. The higher the earnings yield is, the better.
If a company loses money, the earnings yield is negative. This gives a more straightforward indication that the company is losing money. This is an advantage of using earnings yield instead of the P/E ratio in valuation. For valuation purposes, the P/B Ratio and the P/S Ratio should be used for companies that are losing money.
Like the P/E ratio, the earnings yield can be used to compare investments in different industries. It can even be used to compare the attractiveness of different asset classes such as bonds and cash. Of course, the earnings yield should not be the only factor in deciding which asset classes to invest.
Also similar to the P/E ratio, the earnings yield does not consider the growth of the business. A growing company with the same earnings yield should be more attractive than a company that has the same earnings yield but does not grow.
Just like the P/E Ratio, non-recurring items such as selling part of the business, selling a previous investment, etc., can affect earnings yield dramatically. The earning yield is also a poor indication for cyclical companies. When a cyclical stock has a high earnings yield it is usually at the peak of its cycle.
Baltic Trading Earnings Yield % Related Terms
Thank you for viewing the detailed overview of Baltic Trading's Earnings Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Baltic Trading Ltd is a New York City-based company incorporated in October 2009 in the Marshall Islands to conduct shipping business focused on the drybulk industry spot market. The Company's fleet currently consists of four Capesize vessels, four Supramax vessels and five Handysize vessels with an aggregate carrying capacity of approximately 1,095,000 deadweight tons. Its fleet contains five groups of sister ships, which are vessels of virtually identical sizes and specifications. It operates a fleet of drybulk ships that transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. It plans to operate all of its vessels in the spot market, on spot market-related time charters, or in vessel pools trading in the spot market. Its customers include national, regional and international companies, including Cargill International S.A. ('Cargill'), Klaveness Chartering ('Klaveness'), Resource Marine PTE Ltd. (part of the Macquarie group of Companies) ('Resource Marine'), and Swissmarine Services S.A. ('Swissmarine'). The Company competes with other owners of drybulk carriers in the Capesize, Supramax and Handysize class sectors, some of whom may also charter its vessels as customers. The Company is subject to international conventions and treaties, national, state and local laws and regulations in force in the countries in which its vessels may operate or are atregistered relating to safety and health and environmental protection including the storage, handling, emission, transportation and discharge of hazardous and non-hazardous merials, and the remediation of contamination and liability for damage to natural resources.
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