SemiLEDs's Enterprise Value for the quarter that ended in Nov. 2023 was $11.59 Mil.
SemiLEDs's EBIT for the trailing twelve months (TTM) ended in Nov. 2023 was $-2.49 Mil. SemiLEDs's Earnings Yield (Joel Greenblatt) for the quarter that ended in Nov. 2023 was -21.46%.
The historical rank and industry rank for SemiLEDs's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LEDS'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7606.59 Med: -24.01 Max: 2649.5
Current: -17.21
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of SemiLEDs was 2649.50%. The lowest was -7606.59%. And the median was -24.01%.
LEDS's Earnings Yield (Joel Greenblatt) % is ranked worse than 92.48% of 997
companies
in the Semiconductors industry
Industry Median: 1.99
vs LEDS: -17.21
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) %. SemiLEDs's Forward Rate of Return (Yacktman) % for the quarter that ended in Nov. 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.
SemiLEDs Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for SemiLEDs'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.
SemiLEDs Annual Data
Trend
Aug14
Aug15
Aug16
Aug17
Aug18
Aug19
Aug20
Aug21
Aug22
Aug23
Earnings Yield (Joel Greenblatt) %
-23.75
-1.03
-5.05
-13.95
-17.39
SemiLEDs Quarterly Data
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
May23
Aug23
Nov23
Earnings Yield (Joel Greenblatt) %
-14.27
-17.95
-15.06
-17.39
-21.46
Competitive Comparison
For the Semiconductors subindustry, SemiLEDs'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.
SemiLEDs Earnings Yield (Joel Greenblatt) % Distribution
For the Semiconductors industry and Technology sector, SemiLEDs's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where SemiLEDs'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.
SemiLEDss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2023 is calculated as
SemiLEDs's EBIT for the trailing twelve months (TTM) ended in Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.49 Mil.
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.
SemiLEDs Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of SemiLEDs's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
SemiLEDs Corp develops, manufacture, and sells light-emitting diode chips and LED components. The company's products include LED Chips, LED Components, and Lighting Products. Its products are used for general lighting applications, that includes street lights and commercial, industrial, system and residential lighting; specialty industrial applications, such as ultraviolet, or Ultraviolet, curing of polymers, LED light therapy in medical/cosmetic applications, counterfeit detection, LED lighting for horticulture applications, architectural lighting and entertainment lighting. Substantial revenue is generated from the sale of LED components products. Geographically, it derives a majority of its revenue from the United States.
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