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Electrameccanica Vehicles (Electrameccanica Vehicles) Earnings Yield % : N/A% (As of Jun. 05, 2024)


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What is Electrameccanica Vehicles Earnings Yield %?

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 (2024-06-05), the stock price of Electrameccanica Vehicles is $0.2122. Electrameccanica Vehicles's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.47. Therefore, Electrameccanica Vehicles'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) %. Electrameccanica Vehicles's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.


Electrameccanica Vehicles Earnings Yield % Calculation

Earnings yield is the reciprocal of the P/E Ratio.

Electrameccanica Vehicles's Earnings Yield for today is calculated as

Earnings Yield=Earnings per Share (Diluted) (TTM)/Share Price
=-0.474/0.2122
=N/A %

Electrameccanica Vehicles's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.474 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:

Earnings Yield=Net Income /Market Cap

The earnings in the calculation is the Trailing Twelve Months earnings.


Electrameccanica Vehicles  (NAS:SOLO) Earnings Yield % Explanation

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.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %.

Be Aware

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.


Electrameccanica Vehicles Earnings Yield % Related Terms

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Electrameccanica Vehicles (Electrameccanica Vehicles) Business Description

Traded in Other Exchanges
N/A
Address
8057 North Fraser Way, Burnaby, BC, CAN, V5J 5M8
Electrameccanica Vehicles Corp Ltd is a development-stage electric vehicle or EV, designer and manufacturer company. The company's product line targets urban commuters, commercial fleets/deliveries and shared mobility seeking to commute in an efficient, cost-effective and environmentally friendly manner. The company's first flagship EV is the SOLO, a single-seat vehicle, of which it has built 64 prototype vehicles in-house and 60 pre-production vehicles with its manufacturing partner, Zongshen. The company's reportable business segments include Electric Vehicles which is the development and manufacture of electric vehicles for mass markets, and Custom built vehicles which is the development and manufacture of high-end custom-built vehicles.
Executives
Jerry Kroll director 2108-808 NELSON ST, VANCOUVER BC A1 V6Z 2H2
Stephen Eric Johnston officer: Chief Financial Officer 4950 SUSANS WAY, BLOOMFIELD HILLS MI 48302
Luisa Ingargiola director 4826 BLUE JAY CIRCLE, PALM HARBOR FL 34683
Steven Andrew Sanders director 431 EAST 20TH STREET, NEW YORK NY 10010
Yan Fang Qiong Joanne director 504 - 1355 BELLEVUE AVE, WEST VANCOUVER A1 V7T 0B4
David John Shemmans director NUTSHELL, FIR TREE LANE, WEST CHILTINGTON, WEST SUSSEX X0 RH20 2RA
G Michael Bridge officer: General Counsel & Corp. Sec. 14400 N 87TH ST, SCOTTSDALE AZ 85260
Quigley William G Iii director
Susan E Docherty director, officer: CEO and COO THE BRINK'S COMPANY, 1801 BAYBERRY COURT, 4TH FLOOR, RICHMOND VA 23226
Kim A. Brink officer: Chief Revenue Officer C/O 505 NORTH HIGHWAY 169, SUITE 1000, PLYMOUTH MN 55441
Michael Paul Richardson director 13715 OASIS TERRACE, LAKEWOOD RANCH FL 34202
Dietmar Ostermann director 5400 LEGACY DR, H3 3E 35, PLANO TX 75024
Mark Orsmond officer: Chief Financial Officer 992 HAMPSHIRE RD, NORTH VANCOUVER A1 V7R1V2