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eMagin Earnings Yield (Joel Greenblatt) %

: 0.55% (As of Mar. 2022)
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eMagin's Enterprise Value for the quarter that ended in Mar. 2022 was $94.22 Mil. eMagin's EBIT for the trailing twelve months (TTM) ended in Mar. 2022 was $0.51 Mil. eMagin's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2022 was 0.55%.

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

EMAN' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -63.14   Med: -10   Max: 10.26
Current: 0.82

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of eMagin was 10.26%. The lowest was -63.14%. And the median was -10.00%.

EMAN's Earnings Yield (Joel Greenblatt) % is ranked worse than
71% of 2386 companies
in the Hardware industry
Industry Median: 4.67 vs EMAN: 0.82

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) %. eMagin's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 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.


eMagin Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for eMagin'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.

eMagin Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -15.04 -27.03 -27.47 -9.29 -4.23

eMagin Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Earnings Yield (Joel Greenblatt) % 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 Premium Member Only Premium Member Only Premium Member Only -6.86 -6.23 -10.11 -4.23 0.55

Competitive Comparison

For the Electronic Components subindustry, eMagin'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.

   

eMagin Earnings Yield (Joel Greenblatt) % Distribution

For the Hardware industry and Technology sector, eMagin's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



eMagin 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.

eMagins Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-4.355/103.016526
=-4.23 %

eMagin's EBIT for the trailing twelve months (TTM) ended in Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.51 Mil.



eMagin  (AMEX:EMAN) 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.


eMagin Earnings Yield (Joel Greenblatt) % Related Terms

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


eMagin Business Description

eMagin logo
Industry
Technology » Hardware NAICS : 334419 SIC : 3679
Traded in Other Exchanges
Address
700 South Drive, Suite 201, Hopewell Junction, NY, USA, 12533
eMagin Corp designs, develop, manufactures, and markets organic light-emitting diode, or OLED miniature displays, OLED-on-silicon microdisplays, virtual imaging products that utilize OLED micro displays, and related products. The company's OLED displays are used in a variety of products, including military aviation helmets, military weapons sights & targeting systems, night vision & thermal imaging devices, training & simulation, visualization for ocular surgery, mobile ultrasound, and augmented reality applications. Its geographical segments are North & South America; Europe, Middle East, & Africa; and the Asia Pacific.
Executives
Cronson Paul C director C/O LARKSPUR CORP 445 PARK AVE NEW YORK NY 10022
Wittels Jill director 3006 NORTHUP WAY #103 BELLEVUE WA 98004
Richstone Ellen B director C/O SONUS NETWORKS, INC. 7 TECHNOLOGY PARK DRIVE WESTFORD MA 01886
Seay Stephen director 10500 N.E. 8TH STREET, SUITE 1400 BELLEVUE WA 98004
Sculley Andrew George Jr officer: President/CEO 260 BRIAR DRIVE MARTINEZ CA 94553
Braddom Eric director C/O EMAGIN CORPORATION 2070 ROUTE 52 BLDG 334 HOPEWELL JUNCTION NY 12533
Koch Mark A officer: CFO C/O DEL GLOBAL TECHNOLOGIES CORP. ONE COMMERCE PARK VALHALLA NY 10595
Awm Investment Company, Inc. 10 percent owner 527 MADISON AVENUE SUITE 2600 NEW YORK NY 10022
Brody Christopher Scott director STILLWATER LLC 655 MADISON AVE NEW YORK NY 10065
Costello Stephen officer: S V P Strategic Partnerships C/O EMAGIN CORPORATION 2070 ROUTE 52 BUILDING 334 HOPEWELL JUNCTION NY 12533
Polgar Leslie G director 3006 NORTHUP WAY SUITE 103 BELLEVUE WA 98004
Saltarelli Joseph other: Sr. VP of Manufacturing C/O EMAGIN CORPORATION 2070 ROUTE 52 BLDG 334 HOPEWELL JUNCTION NY 12533
Lucas Jeffrey P officer: Chief Financial Officer C/O EMAGIN CORP. 2070 ROUTE 52 HOPEWELL JUNCTION NY 12533
Ghosh Amalkumar officer: Sr. VP, R&D 2070 ROUTE 52 HOPEWELL JUNCTION NY 12533
Olivier Prache officer: Sr. VP Product Development 213 MANVILLE ROAD PLEASANTVILLE NY 10570

eMagin Headlines

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