Kinetiko Energy (ASX:KKO) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Dec. 2023)

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What is Kinetiko Energy Earnings Yield (Joel Greenblatt) %?

Kinetiko Energy's Enterprise Value for the quarter that ended in Dec. 2023 was A$103.94 Mil. Kinetiko Energy's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was A$-5.66 Mil. Kinetiko Energy's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 0.00%.

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

ASX:KKO' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -25.51 Med: 0 Max: 0
Current: -5.12

ASX:KKO's Earnings Yield (Joel Greenblatt) % is ranked worse than
76.89% of 1095 companies
in the Oil & Gas industry
Industry Median: 6.56 vs ASX:KKO: -5.12

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) %. Kinetiko Energy'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.

Kinetiko Energy Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Kinetiko Energy'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.

Kinetiko Energy Earnings Yield (Joel Greenblatt) % Chart

Kinetiko Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Earnings Yield (Joel Greenblatt) %

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-16.50

-8.19

-2.63

-13.21

-6.73

Kinetiko Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															-	-13.21	-	-6.73	-

Competitive Comparison of Kinetiko Energy's Earnings Yield (Joel Greenblatt) %

For the Oil & Gas E&P subindustry, Kinetiko Energy'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.

Kinetiko Energy's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Kinetiko Energy's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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

Kinetiko Energy 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.

Kinetiko Energys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2023 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	-4.33	/	64.348068
	=	-6.73 %

For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.

Kinetiko Energy (ASX:KKO) 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.

Kinetiko Energy Earnings Yield (Joel Greenblatt) % Related Terms

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

Kinetiko Energy (ASX:KKO) Business Description

Industry

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Traded in Other Exchanges

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Address

283 Rokeby Road, Subiaco, Perth, WA, AUS, 6008

Website

https://www.kinetiko.com.au

Kinetiko Energy Ltd is an Australian company engaged in coal bed methane exploration. The project of the company includes the Amersfoort project. The company has one operating segment being gas exploration in South Africa.

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