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GreenSky Earnings Yield (Joel Greenblatt) %

: 11.42% (As of Sep. 2021)
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GreenSky's Enterprise Value for the quarter that ended in Sep. 2021 was $1,405.5 Mil. GreenSky's EBIT for the trailing twelve months (TTM) ended in Sep. 2021 was $160.5 Mil. GreenSky's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2021 was 11.42%.

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

NAS:GSKY' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.71   Med: 6.51   Max: 42.89
Current: 10.48

2.71
42.89

During the past 6 years, the highest Earnings Yield (Joel Greenblatt) of GreenSky was 42.89%. The lowest was 2.71%. And the median was 6.51%.

NAS:GSKY's Earnings Yield (Joel Greenblatt) % is ranked higher than
87% of the 2529 Companies
in the Software industry.

( Industry Median: 1.29 vs. NAS:GSKY: 10.48 )

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) %. GreenSky's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2021 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.


GreenSky Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for GreenSky'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.

GreenSky Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Earnings Yield (Joel Greenblatt) %
Premium Member Only - - 28.82 16.13 5.56

GreenSky Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 3.42 5.56 9.37 14.47 11.42

Competitive Comparison

For the Software - Infrastructure subindustry, GreenSky'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.

   

GreenSky Earnings Yield (Joel Greenblatt) % Distribution

For the Software industry and Technology sector, GreenSky's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



GreenSky 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.

GreenSkys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2020 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=55.283/993.655883
=5.56 %

GreenSky's EBIT for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $160.5 Mil.



GreenSky  (NAS:GSKY) 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.


GreenSky Earnings Yield (Joel Greenblatt) % Related Terms

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


GreenSky Business Description

GreenSky logo
Industry
Technology » Software NAICS : 511210 SIC : 7379
Traded in Other Exchanges
N/A
Address
5565 Glenridge Connector, Suite 700, Atlanta, GA, USA, 30342
GreenSky Inc operates as a technology company. The company offers a proprietary technology infrastructure platform to supports the full transaction lifecycle, including credit application, underwriting, and real-time allocation. Its platform caters to merchants, consumers, and banks.
Executives
Kevin Goldstein officer: EVP - Chief Credit Officer 5565 GLENRIDGE CONNECTOR SUITE 700 ATLANTA 2Q 30342
Kang Andrew officer: EVP and CFO 5565 GLENRIDGE CONNECTOR SUITE 700 ATLANTA GA 30342
Nagy Angela M officer: SVP, Chief Accounting Officer 1155 PERIMETER CENTER WEST ATLANTA GA 30338
Freishtat Gregg Steven director 5860 WINTERTHUR DRIVE ATLANTA GA 30328
Sheft Robert director, 10 percent owner 623 FIFTH AVENUE 26TH FLOOR NEW YORK NY 10022
Babbit Joel M. director 3120 BRECKINRIDGE BLVD. DULUTH GA 30099
Bacci Arthur J director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: BACCI ARTHUR 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;}
Coulter James G other: Former 10% Owner 301 COMMERCE STREET SUITE 3300 FORT WORTH TX 76102
Tpg Growth Ii Advisors, Inc. other: Former 10% Owner 301 COMMERCE STREET SUITE 3300 FORT WORTH TX 76102
Bonderman David other: Former 10% Owner 301 COMMERCE STREET SUITE 3300 FORT WORTH TX 76102
Rickard Lois Elizabeth officer: Chief Human Resources Officer 1230 PEACHTREE ST NE SUITE 1000 ATLANTA GA 30309
Fox Steven E officer: EVP - Chief Legal Officer 229 PEACHTREE ST NE 2700 INTERNATIONAL TOWER ATLANTA GA 303031603
Vastani Minaz officer: Chief Technology Officer 5565 GLENRIDGE CONNECTOR, SUITE 700 ATLANTA GA 30342
Gupta Ritesh officer: EVP, Operations 5565 GLENRIDGE CONNECTOR SUITE 700 ATLANTA GA 30342
Kelly Dennis I officer: President, Patient Solutions 10720 SIKES PL STE 300 CHARLOTTE NC 28277

GreenSky Headlines

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