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AppTech Payments's Enterprise Value for the quarter that ended in Dec. 2023 was $43.16 Mil. AppTech Payments's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-12.62 Mil. AppTech Payments's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -42.74%.
The historical rank and industry rank for AppTech Payments's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of AppTech Payments was 4283.81%. The lowest was -2358.73%. And the median was -38.19%.
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) %. AppTech Payments'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.
The historical data trend for AppTech Payments'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.
AppTech Payments Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | -12.21 | -33.33 | -50.51 | -41.67 | -42.74 |
AppTech Payments Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | -41.67 | -55.56 | -37.88 | -21.93 | -42.74 |
For the Software - Infrastructure subindustry, AppTech Payments'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.
For the Software industry and Technology sector, AppTech Payments's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where AppTech Payments's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
AppTech Paymentss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | -18.46 | / | 43.157883 | |
= | -42.77 % |
AppTech Payments'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 $-12.62 Mil.
AppTech Payments (NAS:APCX) 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.
Thank you for viewing the detailed overview of AppTech Payments's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Chad Nelley | officer: COO | 5876 OWENS AVE, SUITE #100, CARLSBAD CA 92008 |
Benjamin D Jenkins | officer: CTO | 5876 OWENS AVE., SUITE 100, CARLSBAD CA 92008 |
Christopher S Williams | director | 5876 OWENS AVE, SUITE 100, CARLSBAD CA 92008 |
Michael A. O'neal | director | C/O NORTEK SECURITY & CONTROL LLC, 1950 CAMINO VIDA ROBLE, CARLSBAD CA 92008 |
William Huff | director | 2275 RIO BONITO WAY, SUITE 210, SAN DIEGO CA 92108 |
Mengyin H Liang | director | 124 STELLAR, IRVINE CA 92618 |
Marc D Evans | officer: Corporate Secretary | 5876 OWENS AVE, SUITE 100, CARLSBAD CA 92008 |
Michael Yadgar | director | PO BOX 259, MANAMA C6 00000 |
Ventures Ndigital | 10 percent owner | C/O INFINIOS SOLUTIONS (BAHRAIN) W.L.L., PO BOX 11970, MANAMA C6 00000 |
Virgil Llapitan | other: Executive Vice President | 2302 ALTISMA WAY, 104, CARLSBAD CA 92009 |
Michael B Gross | director | 5876 OWENS AVENUE, SUITE 100, CARLSBAD CA 92008 |
Jeffrey Moriarty | officer: Secretary | 12545 PARISH ROAD, SAN DIEGO CA 92128 |
Gary B Wachs | director, officer: Chief Financial Officer | 23500 MERCANTILE RD, SUITE A, BEACHWOOD OH 44122 |
Luke Damian D'angelo | director, 10 percent owner, officer: Executive Director, Chairman | 2011 PALOMAR AIRPORT ROAD, SUITE 102, CARLSBAD CA 92011 |
Timothy J Connolly | director, 10 percent owner, officer: President and CEO | 1770 ST JAMES PLACE, SUITE 116, HOUSTON TX 77056 |
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