A2A SpA (A2A SpA) Earnings Yield (Joel Greenblatt) % : 9.29% (As of Dec. 2023)

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What is A2A SpA Earnings Yield (Joel Greenblatt) %?

A2A SpA's Enterprise Value for the quarter that ended in Dec. 2023 was $9,756 Mil. A2A SpA's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $419 Mil. A2A SpA's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 9.29%.

The historical rank and industry rank for A2A SpA's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

AEMMF' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.26 Med: 3.31 Max: 12.18
Current: 3.75

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of A2A SpA was 12.18%. The lowest was 2.26%. And the median was 3.31%.

AEMMF's Earnings Yield (Joel Greenblatt) % is ranked worse than
77.82% of 523 companies
in the Utilities - Regulated industry
Industry Median: 6.87 vs AEMMF: 3.75

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) %. A2A SpA'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.

A2A SpA Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for A2A SpA'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.

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A2A SpA Earnings Yield (Joel Greenblatt) % Chart

A2A SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Earnings Yield (Joel Greenblatt) %

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7.79

6.78

6.64

9.42

9.29

A2A SpA Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															7.79	9.42	3.53	7.44	9.29

Competitive Comparison of A2A SpA's Earnings Yield (Joel Greenblatt) %

For the Utilities - Diversified subindustry, A2A SpA'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.

A2A SpA's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, A2A SpA's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where A2A SpA's Earnings Yield (Joel Greenblatt) % falls into.

A2A SpA 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.

A2A SpAs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	1140.676	/	9755.6292
	=	11.69 %

A2A SpA's EBIT 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 $419 Mil.

A2A SpA (OTCPK:AEMMF) 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.

A2A SpA Earnings Yield (Joel Greenblatt) % Related Terms

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A2A SpA (A2A SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » A2A SpA (OTCPK:AEMMF) » Definitions » Earnings Yield (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

A2A:Italy A2Am:UK 0N54:UK EAM:Germany

Address

Via Lamarmora 230, Brescia, ITA, 25124

Website

https://www.gruppoa2a.it

A2A SpA together with its subsidiaries is engaged in the production, sale, and distribution of electricity; sale and distribution of gas; production, distribution, and sale of heat through district heating networks and integrated water cycle management.