Hennessy Capital Acquisition IV (Hennessy Capital Acquisition IV) Earnings Yield (Joel Greenblatt) % : -0.99% (As of Sep. 2020)

View and export this data going back to 2019. Start your Free Trial

What is Hennessy Capital Acquisition IV Earnings Yield (Joel Greenblatt) %?

Hennessy Capital Acquisition IV's Enterprise Value for the quarter that ended in Sep. 2020 was $417.60 Mil. Hennessy Capital Acquisition IV's EBIT for the trailing twelve months (TTM) ended in Sep. 2020 was $-4.13 Mil. Hennessy Capital Acquisition IV's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2020 was -0.99%.

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

HCAC's Earnings Yield (Joel Greenblatt) % is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: -1.63
* 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) %. Hennessy Capital Acquisition IV's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2020 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.

Hennessy Capital Acquisition IV Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Hennessy Capital Acquisition IV'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.

Hennessy Capital Acquisition IV Earnings Yield (Joel Greenblatt) % Chart

Hennessy Capital Acquisition IV Annual Data

Trend

Dec18

Dec19

Earnings Yield (Joel Greenblatt) %

-0.86

Hennessy Capital Acquisition IV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial			-	-0.86	-0.93	-0.90	-0.99

Competitive Comparison of Hennessy Capital Acquisition IV's Earnings Yield (Joel Greenblatt) %

For the Shell Companies subindustry, Hennessy Capital Acquisition IV'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.

Hennessy Capital Acquisition IV's Earnings Yield (Joel Greenblatt) % Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Hennessy Capital Acquisition IV's Earnings Yield (Joel Greenblatt) % falls into.

Hennessy Capital Acquisition IV 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.

Hennessy Capital Acquisition IVs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2019 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	-3.253	/	380.065992
	=	-0.86 %

Hennessy Capital Acquisition IV's EBIT for the trailing twelve months (TTM) ended in Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.13 Mil.

Hennessy Capital Acquisition IV (NAS:HCAC) 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

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

Hennessy Capital Acquisition IV Earnings Yield (Joel Greenblatt) % Related Terms

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