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Sypris Solutions Earnings Yield (Joel Greenblatt) %

: 3.51% (As of Jun. 2021)
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Sypris Solutions's Enterprise Value for the quarter that ended in Jun. 2021 was $77.03 Mil. Sypris Solutions's EBIT for the trailing twelve months (TTM) ended in Jun. 2021 was $2.70 Mil. Sypris Solutions's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2021 was 3.51%.

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

NAS:SYPR' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -65.34   Med: -4.36   Max: 165.52
Current: 3.29

-65.34
165.52

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Sypris Solutions was 165.52%. The lowest was -65.34%. And the median was -4.36%.

NAS:SYPR's Earnings Yield (Joel Greenblatt) % is ranked lower than
62% of the 112 Companies
in the Vehicles & Parts industry.

( Industry Median: 6.60 vs. NAS:SYPR: 3.29 )

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) %. Sypris Solutions's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 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.


Sypris Solutions Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Sypris Solutions'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.

Sypris Solutions Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 86.21 -33.11 -18.05 -10.60 -1.13

Sypris Solutions Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 -7.84 -1.17 -1.13 -2.14 3.51

Competitive Comparison

For the Auto Parts subindustry, Sypris Solutions'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.

   

Sypris Solutions Earnings Yield (Joel Greenblatt) % Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Sypris Solutions's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Sypris Solutions 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.

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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-0.454/40.03252
=-1.13 %

Sypris Solutions's EBIT for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.70 Mil.



Sypris Solutions  (NAS:SYPR) 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.


Sypris Solutions Earnings Yield (Joel Greenblatt) % Related Terms

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


Sypris Solutions Business Description

Sypris Solutions logo
Industry
Consumer Cyclical » Vehicles & Parts NAICS : 336390 SIC : 3714
Traded in Other Exchanges
Address
101 Bullitt Lane, Suite 450, Louisville, KY, USA, 40222
Sypris Solutions Inc is a US based company engaged in providing outsourced services and specialty products. It offers a range of manufacturing, engineering, design and other technical services. Business activity of the firm is functioned through Sypris Technologies and Sypris Electronics segments. Sypris Technologies segment is engaged in the sale of goods and manufacturing services to customers in the market for truck components and assemblies and from the sale of products to the energy and chemical markets whereas the Sypris Electronics segment is engaged in the sale of manufacturing services, technical services, and products to customers in the market for aerospace and defense electronics. Sypris derives most of the revenue from Technologies segment.
Executives
Davis Richard L officer: Vice President 101 BULLITT LN., STE. 450 LOUISVILLE KY 40222
Allen Anthony C officer: Vice President and CFO 101 BULLITT LN., STE. 450 LOUISVILLE KY 40222
Eckert Rebecca R officer: Principal Accounting Officer, other: Controller 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222
Convis Gary L director 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222
Gill Jeffrey T director, 10 percent owner, officer: President and CEO 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222
Healey William L director 101 BULLITT LANE STE 450 LOUISVILLE KY 40222
Gill R Scott director, 10 percent owner 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222
Ferko William G director 7419 CEDAR BLUFF CT PROSPECT KY 40059
Petersen Sidney R/ca director 150 N. ORANGE GROVE BLVD PASADENA CA 91103
Sroka Robert director 101 BULLITT LN., STE. 450 LOUISVILLE KY 40222
Brinkley John F director 46 GULL POINT ROAD HILTON HEAD ISLAND SC 29928
Mcgeeney John R officer: VP, General Counsel &Secretary 101 BULLITT LN SUITE 450 LOUISVILLE KY 40222
Straub Stephen W officer: Vice President Operations 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222
Larochelle Paul G officer: VP Sales&Strategic Initiatives 101 BULLITT LANE, SUITE 450 LOUISVILLE KY 40222
Walsh John James other: VP and President of Subsidiary 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222

Sypris Solutions Headlines

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