What is DMC Global Earnings Yield (Joel Greenblatt) %?
DMC Global's Enterprise Value for the quarter that ended in Dec. 2023 was $632.2 Mil.
DMC Global's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $59.4 Mil. DMC Global's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 9.40%.
The historical rank and industry rank for DMC Global's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BOOM'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -25.52 Med: 1.43 Max: 17.6
Current: 14.79
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of DMC Global was 17.60%. The lowest was -25.52%. And the median was 1.43%.
BOOM's Earnings Yield (Joel Greenblatt) % is ranked better than 75.41% of 1094
companies
in the Oil & Gas industry
Industry Median: 6.585
vs BOOM: 14.79
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) %. DMC Global's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 10.03%. 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.
DMC Global Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for DMC Global'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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DMC Global Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of DMC Global's Earnings Yield (Joel Greenblatt) %
For the Oil & Gas Equipment & Services subindustry, DMC Global'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.
DMC Global's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, DMC Global's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where DMC Global's Earnings Yield (Joel Greenblatt) % falls into.
DMC Global 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.
DMC Globals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
DMC Global'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 $59.4 Mil.
DMC Global (NAS:BOOM) 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.
DMC Global Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of DMC Global's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
DMC Global Inc operates a diversified family of technical product and process businesses serving the energy, industrial and infrastructure markets. Its business is organized into three segments: Arcadia, DynaEnergetics, and NobelClad. Arcadia is a provider of architectural building products and operates in two divisions - Commercial and Residential. NobelClad is involved in the production of explosion-welded clad metal plates for use in the construction of corrosion-resistant industrial processing equipment and specialized transition joints. DynaEnergetics driver, designs manufactures and distributes products utilized by the oil and gas industry principally for the perforation of oil and gas wells.
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