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Kore Group Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was $363.1 Mil. Kore Group Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-128.0 Mil. Kore Group Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -35.21%.
The historical rank and industry rank for Kore Group Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of Kore Group Holdings was -1.28%. The lowest was -38.70%. And the median was -15.19%.
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) %. Kore Group Holdings'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 Kore Group Holdings'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.
Kore Group Holdings Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Earnings Yield (Joel Greenblatt) % | - | - | -1.28 | -17.24 | -35.21 |
Kore Group Holdings Quarterly Data | |||||||||||||||
Dec19 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | -17.24 | -17.54 | -17.61 | -36.90 | -35.21 |
For the Telecom Services subindustry, Kore Group Holdings'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 Telecommunication Services industry and Communication Services sector, Kore Group Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kore Group Holdings'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.
Kore Group Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | -127.991 | / | 363.13252254 | |
= | -35.25 % |
Kore Group Holdings'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 $-128.0 Mil.
Kore Group Holdings (NYSE:KORE) 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 Kore Group Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Romil Bahl | director, officer: Chief Executive Officer | 3170 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042 |
Jason Dietrich | officer: EVP, Chief Rev. Officer | 3 RAVINIA DRIVE NE, SUITE 500, ATLANTA GA 30346 |
Twilio Inc | 10 percent owner | 101 SPEAR STREET, SUITE 500, San Francisco CA 94105 |
Robert P Macinnis | director | C/O KORE, 3700 MANSELL ROAD, SUITE 300, ALPHARETTA GA 30022 |
Tomer Yosef-or | director | C/O ABRY BROADCAST PARTNERS, 111 HUNTINGTON AVE., 30TH FLOOR, BOSTON MA 02199 |
Kennedy Jack William Jr. | officer: See Remarks | 1871 ASPEN DR NE, ATLANTA GA 30345 |
Tushar K. Sachdev | officer: See Remarks | 600 GALLERIA PARKWAY, SUITE 100, ATLANTA GA 30339 |
Paul Holtz | officer: See Remarks | C/O KORE, 3700 MANSELL ROAD, SUITE 300, ALPHARETTA GA 30022 |
Wood River Capital, Llc | 10 percent owner | 4111 E. 37TH STREET N, WICHITA KS 67220 |
James E Geisler | director | 2087 BRIDGEPORT DR, LEXINGTON KY 40502 |
Paulett Eberhart | director | C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 32121 |
Mark A Neporent | director | C/O CERBERUS PARTNERS LP, 450 PARK AVENUE 28TH FLOOR, NEW YORK NY 10022 |
Louise P Winstone | officer: See Remarks | 3700 MANSELL RD., SUITE 300, ALPHARETTA GA 30022 |
R Michael Thurston | officer: See Remarks | 1170 PEACHTREE STREET, SUITE 900, ATLANTA GA 30309 |
Koch Industries Inc | 10 percent owner | 4111 EAST 37TH STREET NORTH, WICHITA KS 67220 |
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