What is Metal Storm Earnings Yield (Joel Greenblatt) %?
Metal Storm's Enterprise Value for the quarter that ended in Dec. 2011 was $29.46 Mil.
Metal Storm's EBIT for the trailing twelve months (TTM) ended in Dec. 2011 was $-3.31 Mil. Metal Storm's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2011 was 0.00%.
The historical rank and industry rank for Metal Storm's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MTSXY's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Aerospace & Defense industry.
Industry Median: 2.57 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. Metal Storm's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2011 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.
Metal Storm Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Metal Storm'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.
Metal Storm Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Metal Storm's Earnings Yield (Joel Greenblatt) %
For the Aerospace & Defense subindustry, Metal Storm'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.
Metal Storm's Earnings Yield (Joel Greenblatt) % Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Metal Storm's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Metal Storm's Earnings Yield (Joel Greenblatt) % falls into.
Metal Storm 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.
Metal Storms Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2011 is calculated as
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.
Metal Storm (OTCPK:MTSXY) 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.
Metal Storm Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Metal Storm's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Metal Storm Ltd is incorporated under the laws of Australia on April 13, 1994. The company is a defence technology company engaged in the development of electronically initiated ballistics systems using its stacked round technology. Its technology is an electronically initiated, stacked projectile system which removes the mechanical steps required to fire a conventional weapon. Effectively, the only parts that move in Metal Storm's technology are the projectiles contained within the barrels. Multiple projectiles are stacked in a barrel, each separated by a propellant load. Its products include 3GL - 3 shot grenade launcher, FireStorm, MAUL, Redback, Munitions and Component weapon systems. The company also provides Research and Development as well as Consulting and Integration Services.
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