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CONX (NAS:CONX) Earnings Yield (Joel Greenblatt) %

: -0.08% (As of Sep. 2022)
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CONX's Enterprise Value for the quarter that ended in Sep. 2022 was $936.96 Mil. CONX's EBIT for the trailing twelve months (TTM) ended in Sep. 2022 was $-0.72 Mil. CONX's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2022 was -0.08%.

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

CONX' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.08   Med: 0   Max: 0
Current: -0.08

CONX's Earnings Yield (Joel Greenblatt) % is ranked better than
83.57% of 1053 companies
in the Diversified Financial Services industry
Industry Median: -0.53 vs CONX: -0.08

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) %. CONX's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2022 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.


CONX (NAS:CONX) Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for CONX'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.

CONX Annual Data
Trend Dec20 Dec21
Earnings Yield (Joel Greenblatt) % - -0.06

CONX Quarterly Data
Aug20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only -0.04 -0.06 -0.08 -0.06 -0.08

CONX (NAS:CONX) Earnings Yield (Joel Greenblatt) % Competitive Comparison

For the Shell Companies subindustry, CONX'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.

   

CONX (NAS:CONX) Earnings Yield (Joel Greenblatt) % Distribution

For the Diversified Financial Services industry and Financial Services sector, CONX's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



CONX 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.

CONXs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-0.555/920.1696
=-0.06 %

CONX's EBIT for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.72 Mil.



CONX  (NAS:CONX) 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.


CONX Earnings Yield (Joel Greenblatt) % Related Terms

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


CONX (NAS:CONX) Business Description

CONX logo
Traded in Other Exchanges
Address
5701 S. Santa Fe Drive, Littleton, CO, USA, 80120
Website
CONX Corp is a blank check company.
Executives
Moskowitz David K director C/O CONX CORP. 5701 S. SANTA FE DR. LITTLETON CO 80120
Steckel Adrian director 5701 S. SANTA FE DR. LITTLETON CO 80120
Ergen Charles W director, 10 percent owner, officer: Chairman 9601 S. MERIDIAN BLVD. ENGLEWOOD CO 80112
Gorman Gerald director 5701 S. SANTA FE DR. LITTLETON CO 80120
Nxgen Opportunities, Llc 10 percent owner 5701 S. SANTA FE DR. LITTLETON CO 80120
Kiser Kyle Jason director, officer: CEO, President & Director 5701 S. SANTA FE DR. LITTLETON CO 80120
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