The historical rank and industry rank for MNG Havayollari ve Tasimacilik AS's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MNGA's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Transportation industry.
Industry Median: 6.95 * 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) %. MNG Havayollari ve Tasimacilik AS's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2022 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.
MNG Havayollari ve Tasimacilik AS Earnings Yield (Joel Greenblatt) % Historical Data
* 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.
MNG Havayollari ve Tasimacilik AS Earnings Yield (Joel Greenblatt) % Chart
MNG Havayollari ve Tasimacilik AS Annual Data
Trend
Dec20
Dec21
Dec22
Earnings Yield (Joel Greenblatt) %
-
-
-
MNG Havayollari ve Tasimacilik AS Quarterly Data
Dec20
Sep21
Dec21
Sep22
Dec22
Earnings Yield (Joel Greenblatt) %
-
-
-
-
-
Competitive Comparison of MNG Havayollari ve Tasimacilik AS's Earnings Yield (Joel Greenblatt) %
For the Integrated Freight & Logistics subindustry, MNG Havayollari ve Tasimacilik AS'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.
MNG Havayollari ve Tasimacilik AS's Earnings Yield (Joel Greenblatt) % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, MNG Havayollari ve Tasimacilik AS's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where MNG Havayollari ve Tasimacilik AS's Earnings Yield (Joel Greenblatt) % falls into.
MNG Havayollari ve Tasimacilik AS 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.
MNG Havayollari ve Tasimacilik AS's EBIT for the trailing twelve months (TTM) ended in Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $19.57 Mil.
MNG Havayollari ve Tasimacilik AS (NYSE:MNGA) 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.
MNG Havayollari ve Tasimacilik AS Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of MNG Havayollari ve Tasimacilik AS's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
MNG Havayollari ve Tasimacilik AS (MNG Havayollari ve Tasimacilik AS) Business Description
MNG Havayollari ve Tasimacilik AS is an independent logistics provider mainly in the EMEA region and a global e-commerce enabler. Its service offerings include scheduled and block space, charter, ACMI, special cargo, warehouse, handling and technical services. MNG's diversified business model provides MNG with a competitive advantage in the air cargo market, as it gives MNG the opportunity to provide customized services to its customers in accordance with needs and expectations. The company recognizes revenue for its global multimodal operations based on the origin of transported cargo carried on each flight.
MNG Havayollari ve Tasimacilik AS (MNG Havayollari ve Tasimacilik AS) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MNGA has been successfully added to your