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Apollo Residential Mortgage (NYSE:AMTGPRA.PFD) Earnings Yield (Joel Greenblatt) %

: -4.67% (As of Jun. 2016)
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Apollo Residential Mortgage's Enterprise Value for the quarter that ended in Jun. 2016 was $0.00 Mil. Apollo Residential Mortgage's EBIT for the trailing twelve months (TTM) ended in Jun. 2016 was $-15.71 Mil. Apollo Residential Mortgage's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2016 was -4.67%.

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

AMTGPRA.PFD' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.56   Med: 20.2   Max: 68.7
Current: -4.56

During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of Apollo Residential Mortgage was 68.70%. The lowest was -4.56%. And the median was 20.20%.

AMTGPRA.PFD's Earnings Yield (Joel Greenblatt) % is not ranked
in the REITs industry.
Industry Median: 4.81 vs AMTGPRA.PFD: -4.56

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) %. Apollo Residential Mortgage's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2016 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.


Apollo Residential Mortgage (NYSE:AMTGPRA.PFD) Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Apollo Residential Mortgage'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.

Apollo Residential Mortgage Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15
Earnings Yield (Joel Greenblatt) % - - -12.14 22.57 -4.15

Apollo Residential Mortgage Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
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 9.25 0.90 -4.15 -13.33 -4.67

Apollo Residential Mortgage (NYSE:AMTGPRA.PFD) Earnings Yield (Joel Greenblatt) % Competitive Comparison

For the REIT - Residential subindustry, Apollo Residential Mortgage'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.

   

Apollo Residential Mortgage (NYSE:AMTGPRA.PFD) Earnings Yield (Joel Greenblatt) % Distribution

For the REITs industry and Real Estate sector, Apollo Residential Mortgage's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Apollo Residential Mortgage 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.

Apollo Residential Mortgages Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2015 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-11.595/0
= %

Apollo Residential Mortgage's EBIT for the trailing twelve months (TTM) ended in Jun. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-15.71 Mil.



Apollo Residential Mortgage  (NYSE:AMTGPRA.PFD) 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.


Apollo Residential Mortgage Earnings Yield (Joel Greenblatt) % Related Terms

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


Apollo Residential Mortgage (NYSE:AMTGPRA.PFD) Business Description

Apollo Residential Mortgage logo
Traded in Other Exchanges
N/A
Address
Apollo Residential Mortgage Inc was incorporated in Maryland on March 15, 2011 and began operations on July 27, 2011, coinciding with the initial public offering of its common stock. The Company is a real estate investment trust mainly engaged in investing and managing residential mortgage-backed securities, residential mortgage loans and other residential mortgage assets in the United State. It is structured as a holding company and conducts its business mainly through ARM Operating, LLC and its other operating subsidiaries. The Company is an alternative investment manager. It currently operates as one business segment. The Company competes with other REITs, specialty finance companies, savings and loan associations, banks, mortgage bankers, insurance companies, mutual funds, institutional investors, investment banking firms, financial institutions, governmental bodies and other entities.
Executives
Hunt Gregory W. officer: CFO, Treasurer and Secretary 730 5TH AVENUE NEW YORK NY 10019
Galowski James director C/O APOLLO GLOBAL MANAGEMENT, LLC 9 WEST 57TH STREET, 43RD FLOOR NEW YORK NY 10019
Covello Teresa D officer: CFO, Treasurer and Secretary C/O MFA MORTGAGE INVESTMENTS, INC. 350 PARK AVENUE, 21ST FLOOR NEW YORK NY 10022
Commaroto Michael A officer: CEO and President C/O APOLLO GLOBAL MANAGEMENT, LLC 9 WEST 57TH STREET NEW YORK NY 10019
Rothstein Stuart officer: CFO,Treasurer & Secretary 2180 SAND HILL RD STE 200 MENLO PARK CA 94025
Christopoul Thomas director RESOURCES CONNECTION INC 17101 ARMSTRONG AVENUE IRVINE CA 92614
Taitz Hope S director C/O ATHENE HOLDING LTD. WASHINGTON HOUSE, 16 CHURCH STREET HAMILTON D0 HM 11
Kleisner Fred J director C/O MORGANS HOTEL GROUP CO. 475 TENTH AVENUE NEW YORK NY 10018
Khedouri Frederick N director C/O APOLLO GLOBAL MANAGEMENT, LLC 9 WEST 57TH STREET, 43RD FLOOR NEW YORK NY 10019
Biderman Mark C director NATIONAL FINANCIAL PARTNERS CORP 340 MADISON AVENUE, 19TH FL NEW YORK NY 10173
Becker Marc director C/O APOLLO MANAGEMENT LP 1301 AVENUE OF THE AMEICAS 38TH FL NEW YORK NY 10019
Stevens Justin director C/O APOLLO GLOBAL MANAGEMENT, LLC 9 WEST 57TH STREET, 43RD FLOOR NEW YORK NY 10019
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