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Ascendant Digital Acquisition III (NYSE:ACDI) Earnings Yield (Joel Greenblatt) %

: -0.24% (As of Sep. 2022)
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Ascendant Digital Acquisition III's Enterprise Value for the quarter that ended in Sep. 2022 was $379.79 Mil. Ascendant Digital Acquisition III's EBIT for the trailing twelve months (TTM) ended in Sep. 2022 was $-0.92 Mil. Ascendant Digital Acquisition III's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2022 was -0.24%.

The historical rank and industry rank for Ascendant Digital Acquisition III's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

ACDI' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.24   Med: 0   Max: 0
Current: -0.24

ACDI's Earnings Yield (Joel Greenblatt) % is ranked better than
76.81% of 1048 companies
in the Diversified Financial Services industry
Industry Median: -0.52 vs ACDI: -0.24

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) %. Ascendant Digital Acquisition III's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2022 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.


Ascendant Digital Acquisition III (NYSE:ACDI) Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Ascendant Digital Acquisition III'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.

Ascendant Digital Acquisition III Annual Data
Trend Dec21
Earnings Yield (Joel Greenblatt) % -

Ascendant Digital Acquisition III Quarterly Data
Feb21 Jun21 Sep21 Mar22 Jun22 Sep22
Earnings Yield (Joel Greenblatt) % Premium Member Only - - -0.08 -0.15 -0.24

Ascendant Digital Acquisition III (NYSE:ACDI) Earnings Yield (Joel Greenblatt) % Competitive Comparison

For the Shell Companies subindustry, Ascendant Digital Acquisition III'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.

   

Ascendant Digital Acquisition III (NYSE:ACDI) Earnings Yield (Joel Greenblatt) % Distribution

For the Diversified Financial Services industry and Financial Services sector, Ascendant Digital Acquisition III's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Ascendant Digital Acquisition III's Earnings Yield (Joel Greenblatt) % falls into.



Ascendant Digital Acquisition III 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.

Ascendant Digital Acquisition IIIs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=0/0
= %

Ascendant Digital Acquisition III's EBIT for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.92 Mil.



Ascendant Digital Acquisition III  (NYSE:ACDI) 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.


Ascendant Digital Acquisition III Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Ascendant Digital Acquisition III's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Ascendant Digital Acquisition III (NYSE:ACDI) Business Description

Ascendant Digital Acquisition III logo
Traded in Other Exchanges
Address
667 Madison Avenue, 5th Floor, New York, NY, USA, 10065
Website
Ascendant Digital Acquisition Corp III is a blank check company.
Executives
Jesselson Michael G director 1301 AVENUE OF THE AMERICAS SUITE 4101 NEW YORK NY 10019
Foresman Robert director C/O GLOBAL CONSUMER ACQUISITION CORP 1370 AVENUE OF THE AMERICAS, 28TH FLOOR NEW YORK NY 10019
Hodgson Riaan director, officer: Chief Operating Officer C/O ASCENDANT DIGITAL ACQUISITION CORP. 667 MADISON AVENUE, 5TH FLOOR NEW YORK NY 10065
Gerhard Mark director, officer: Chief Executive Officer 667 MADISON AVENUE, 5TH FLOOR C/O ASCENDANT DIGITAL ACQUISITION CORP. NEW YORK NY 10065
Gomberg David director, 10 percent owner, officer: President C/O ASCENDANT DIGITAL ACQUISITION CORP. 667 MADISON AVENUE, 5TH FLOOR NEW YORK NY 10065
Rosen Mickie director C/O ASCENDANT DIGITAL ACQUISITION CORP. 667 MADISON AVENUE, 5TH FLOOR NEW YORK NY 10065
Nelson Diane director C/O ASCENDANT DIGITAL ACQUISITION CORP. 667 MADISON AVENUE, 5TH FLOOR NEW YORK NY 10065
Ascendant Sponsor Lp Iii director, 10 percent owner C/O ASCENDANT DIGITAL ACQUISITION CORP. 667 MADISON AVENUE NEW YORK NY 10065
Ascendant Sponsor Gp Iii Llc 10 percent owner C/O ASCENDANT DIGITAL ACQUISITION CORP. 667 MADISON AVENUE NEW YORK NY 10065

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