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Canterbury Park Holding Earnings Yield (Joel Greenblatt) %

: 24.57% (As of Dec. 2021)
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Canterbury Park Holding's Enterprise Value for the quarter that ended in Dec. 2021 was $71.35 Mil. Canterbury Park Holding's EBIT for the trailing twelve months (TTM) ended in Dec. 2021 was $17.52 Mil. Canterbury Park Holding's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2021 was 24.57%.

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

CPHC' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.05   Med: 7.32   Max: 23.58
Current: 13.99

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Canterbury Park Holding was 23.58%. The lowest was -3.05%. And the median was 7.32%.

CPHC's Earnings Yield (Joel Greenblatt) % is ranked better than
90.64% of 855 companies
in the Travel & Leisure industry
Industry Median: 0.38 vs CPHC: 13.99

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) %. Canterbury Park Holding's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2021 was -11.94%. 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.


Canterbury Park Holding Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Canterbury Park Holding'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.

Canterbury Park Holding Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 9.27 6.43 -3.03 24.57

Canterbury Park Holding Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.03 -0.95 7.18 11.68 24.57

Competitive Comparison

For the Gambling subindustry, Canterbury Park Holding'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.

   

Canterbury Park Holding Earnings Yield (Joel Greenblatt) % Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Canterbury Park Holding's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Canterbury Park Holding 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.

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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=17.518/71.3517424
=24.55 %

Canterbury Park Holding's EBIT for the trailing twelve months (TTM) ended in Dec. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $17.52 Mil.



Canterbury Park Holding  (NAS:CPHC) 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.


Canterbury Park Holding Earnings Yield (Joel Greenblatt) % Related Terms

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


Canterbury Park Holding Business Description

Canterbury Park Holding logo
Industry
Consumer Cyclical » Travel & Leisure NAICS : 711212 SIC : 7948
Traded in Other Exchanges
N/A
Address
1100 Canterbury Road, Shakopee, MN, USA, 55379
Canterbury Park Holding Corp is in the business of pari-mutuel wagering on horse races and unbanked card games at its canterbury park racetrack and card casino facility in Minnesota. The company has four operating segments. The horse racing segment represents pari-mutuel wagering operations on simulcast and lives horse races; the Card Casino segment represents unbanked card operations; the food and beverage segment includes concessions, catering, and events services provided at the Racetrack; and the development segment represents its real estate development operations. The firm generates a majority of its revenue from the Card Casino segment.
Executives
Chronister Mark director 1100 CANTERBURY ROAD SOUTH SHAKOPEE MN 55379
Schenian Dale H director, 10 percent owner PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: SCHENIAN DALE H a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Sampson Randall D director, 10 percent owner, officer: President and CEO 1100 CANTERBURY ROAD SHAKOPEE MN 55379
Offerman Carin J director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: OFFERMAN CARIN J a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Dahlberg Burton F director 1100 CANTERBURY ROAD SHAKOPEE MN 55379
Dehmer Randy J officer: Chief Financial Officer 1100 CANTERBURY PARK RD SHAKOPEE MN 55379
Bausch Maureen Hooley director 1100 CANTERBURY PARK RD SHAKOPEE MN 55379
Himle John Stefan director 1100 CANTERBURY PARK RD SHAKOPEE MN 55379
Sampson Curtis A director, 10 percent owner PO BOX 777 S MAIN ST HECTOR MN 55342
Wolf Robert officer: Chief Financial Officer 1100 CANTERBURY RD. SHAKOPEE MN 55379
Kennedy Daniel J. officer: Senior VP of Operations 1100 CANTERBURY ROAD SHAKOPEE MN 55379
Hochman Michael officer: Vice President - Card Casino 1100 CANTERBURY ROAD SHAKOPEE MN 55379
Canterbury Park Holding Corp officer: Vice President - Racing 1100 CANTERBURY ROAD S. SHAKOPEE MN 55379
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