What is CONSOL Coal Resources LP Earnings Yield (Joel Greenblatt) %?
CONSOL Coal Resources LP's Enterprise Value for the quarter that ended in Sep. 2020 was $293.8 Mil.
CONSOL Coal Resources LP's EBIT for the trailing twelve months (TTM) ended in Sep. 2020 was $4.8 Mil. CONSOL Coal Resources LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2020 was 0.00%.
The historical rank and industry rank for CONSOL Coal Resources LP's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CCR'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.27 Med: 10.22 Max: 21.4
Current: 1.27
During the past 7 years, the highest Earnings Yield (Joel Greenblatt) of CONSOL Coal Resources LP was 21.40%. The lowest was 1.27%. And the median was 10.22%.
CCR's Earnings Yield (Joel Greenblatt) % is not ranked
in the Other Energy Sources industry.
Industry Median: 4.685
vs CCR: 1.27
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) %. CONSOL Coal Resources LP's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2020 was 53.20%. 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 CONSOL Coal Resources LP'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.
For the Thermal Coal subindustry, CONSOL Coal Resources LP'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.
CONSOL Coal Resources LP's Earnings Yield (Joel Greenblatt) % Distribution in the Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, CONSOL Coal Resources LP's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where CONSOL Coal Resources LP'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.
CONSOL Coal Resources LPs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2019 is calculated as
CONSOL Coal Resources LP's EBIT for the trailing twelve months (TTM) ended in Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $4.8 Mil.
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.
Thank you for viewing the detailed overview of CONSOL Coal Resources LP's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
CONSOL Coal Resources LP (CONSOL Coal Resources LP) Business Description
CONSOL Coal Resources LP is engaged in the thermal coal operations in Pennsylvania. The company's assets include interests in CONSOL energy's Pennsylvania mining complex, which consists of approximately three underground mines (Bailey Mine, Enlow Fork Mine, and Harvey Mine) and related infrastructure that produce bituminous thermal coal that is sold primarily to electric utilities in the eastern United States. All the operations of the group are conducted at a single mining complex located in the Northern Appalachian Basin in southwestern Pennsylvania.
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