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National CineMedia's Enterprise Value for the quarter that ended in Dec. 2023 was $376.3 Mil. National CineMedia's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $724.6 Mil. National CineMedia's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 192.31%.
The historical rank and industry rank for National CineMedia's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of National CineMedia was 1413.09%. The lowest was -4.40%. And the median was 8.53%.
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) %. National CineMedia's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.
The historical data trend for National CineMedia'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.
National CineMedia Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 9.37 | 6.71 | -3.92 | 1.19 | 192.31 |
National CineMedia Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 1.19 | 1.15 | 1,250.00 | 169.49 | 192.31 |
For the Advertising Agencies subindustry, National CineMedia'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.
For the Media - Diversified industry and Communication Services sector, National CineMedia's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where National CineMedia'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.
National CineMedias Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | 724.6 | / | 376.30518 | |
= | 192.56 % |
National CineMedia's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $724.6 Mil.
National CineMedia (NAS:NCMI) 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.
Thank you for viewing the detailed overview of National CineMedia's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Scott D Felenstein | officer: EVP and Chief Revenue Officer | C/O NATIONAL CINEMEDIA, INC., 6300 S. SYRACUSE WAY, SUITE 300, CENTENNIAL CO 80111 |
Ronnie Y. Ng | officer: Chief Financial Officer | C/O NATIONAL CINEMEDIA, INC., 6300 S SYRACUSE WAY, SUITE 300, CENTENNIAL CO 80111 |
Maria Vg Woods | officer: EVP, General Counsel | C/O NATIONAL CINEMEDIA, INC., 6300 S SYRACUSE WAY, SUITE 300, CENTENNIAL CO 80111 |
Blantyre Fund Iii (gp) Ltd | 10 percent owner | UGLAND HOUSE, PO BOX 309, GEORGE TOWN, GRAND CAYMAN E9 KY1-1104 |
Joe Marchese | director | C/O CLEAR CHANNEL OUTDOOR HOLDINGS, INC., 4830 NORTH LOOP 1604W, SUITE 111, SAN ANTONIO TX 78249 |
Blantyre Capital Ltd | 10 percent owner | C/O BLANTYRE CAPITAL LIMITED, 52 JERMYN STREET, LONDON X0 SW1Y 6LX |
Jean-philippe Maheu | director | C/O NATIONAL CINEMEDIA, INC., 6300 S. SYRACUSE WAY, SUITE 300, CENTENNIAL CO 80111 |
Tiago Lourenco | director | C/O NATIONAL CINEMEDIA, INC., 6300 S. SYRACUSE WAY, SUITE 300, CENTENNIAL CO 80111 |
Nicholas Bell | director | C/O NATIONAL CINEMEDIA, INC., 6300 S. SYRACUSE WAY, SUITE 300, CENTENNIAL CO 80111 |
Bssf Ii Ireland Dac | 10 percent owner | IVEAGH COURT, HARCOURT ROAD, 2ND FLOOR, BLOCK E, DUBLIN L2 2 |
Blantyre Fund Ii (gp) Ltd | 10 percent owner | UGLAND HOUSE, PO BOX 309, GEORGE TOWN, GRAND CAYMAN E9 KY1-1104 |
Blantyre Mulanje Ii Gp Ltd | 10 percent owner | UGLAND HOUSE, PO BOX 309, GEORGE TOWN, GRAND CAYMAN E9 KY1-1104 |
Iii Dac Bssf | 10 percent owner | IVEAGH COURT, HARCOURT ROAD, 2ND FLOOR, BLOCK E, DUBLIN L2 2 |
Lauren Zalaznick | director | 425 LEXINGTON AVENUE, (ATTN: ANDREA ANDREZO), NEW YORK NY 10017 |
Mubashir Mukadam | 10 percent owner | C/O BLANTYRE CAPITAL LIMITED, 52 JERMYN STREET, LONDON X0 SW1Y 6LX |
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