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Target Hospitality Earnings Yield (Joel Greenblatt) %

: 5.14% (As of Mar. 2022)
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Target Hospitality's Enterprise Value for the quarter that ended in Mar. 2022 was $924.7 Mil. Target Hospitality's EBIT for the trailing twelve months (TTM) ended in Mar. 2022 was $47.5 Mil. Target Hospitality's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2022 was 5.14%.

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

TH' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.32   Med: 4.79   Max: 14.12
Current: 3.1

During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of Target Hospitality was 14.12%. The lowest was -3.32%. And the median was 4.79%.

TH's Earnings Yield (Joel Greenblatt) % is ranked worse than
64.57% of 1067 companies
in the Business Services industry
Industry Median: 5.08 vs TH: 3.10

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) %. Target Hospitality's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 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.


Target Hospitality Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Target Hospitality'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.

Target Hospitality Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21
Earnings Yield (Joel Greenblatt) %
- 8.16 5.52 0.47 4.72

Target Hospitality Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 -2.84 -0.50 2.20 4.72 5.14

Competitive Comparison

For the Specialty Business Services subindustry, Target Hospitality'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.

   

Target Hospitality Earnings Yield (Joel Greenblatt) % Distribution

For the Business Services industry and Industrials sector, Target Hospitality's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Target Hospitality 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.

Target Hospitalitys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=31.694/671.18368
=4.72 %

Target Hospitality's EBIT for the trailing twelve months (TTM) ended in Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $47.5 Mil.



Target Hospitality  (NAS:TH) 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.


Target Hospitality Earnings Yield (Joel Greenblatt) % Related Terms

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


Target Hospitality Business Description

Target Hospitality logo
Traded in Other Exchanges
Address
2170 Buckthorne Place, Suite 440, The Woodlands, Houston, TX, USA, 77380-1775
Target Hospitality Corp is a vertically integrated specialty rental and hospitality services company in the United States. The company provides vertically integrated specialty rental and comprehensive hospitality services including catering food services, maintenance, housekeeping, grounds-keeping, on-site security, overall workforce lodge management, and laundry service. Its operating segment includes HFS-South and HFS-Midwest; Government; TCPL Keystone and others. It generates a majority of its revenue from the Government segment which consists primarily of specialty rental and vertically integrated hospitality services revenue from customers with Government contracts located in Texas.
Executives
Medler Linda R director 4505 W HANGING ROCK COURT MARANA AZ 85658
Patenaude Pamela H. director 26642 TOWNE CENTRE DRIVE C/O LOANDEPOT, INC. FOOTHILL RANCH CA 92610
Faulkenberry Barbara J director 3200 INDUSTRIAL PARK ROAD VAN BUREN AR 72956
Kelley John Travis officer: EVP - Operations 2170 BUCKTHORNE PLACE, SUITE 440 SUITE 440 THE WOODLANDS TX 77380
Berry Joy Anne director 2170 BUCKTHORNE PLACE, SUITE 440 THE WOODLANDS TX 77380
Kalamaras Eric officer: EVP and CFO ATLAS PIPELINE PARTNERS, GP 110 W. 7TH, SUITE 2300 TULSA OK 74119
Sagansky Jeffrey director 1450 2ND STREET SUITE 247 SANTA MONICA CA 90401
Baker Eli director 416 BEIRUT AVENUE PACIFIC PALISADES CA 90272
Algeco Limited Partnership Slp 10 percent owner 20 RUE EUGENE RUPPERT LUXEMBOURG CITY N4 L-2453
Archer James B. director, officer: President and CEO C/O TARGET HOSPITALITY 2170 BUCKTHORNE PLACE, SUITE 440 THE WOODLANDS TX 77380
Algeco Investments 2 S.a.r.l. 10 percent owner 20 RUE EUGENE RUPPERT LUXEMBOURG CITY N4 L-2453
Algeco Investments 1 S.a.r.l. 10 percent owner 20 RUE EUGENE RUPPERT LUXEMBOURG CITY N4 L-2453
Algeco Global S.a.r.l. 10 percent owner 20 RUE EUGENE RUPPERT LUXEMBOURG CITY N4 L-2453
Algeco Holding S.a.r.l. 10 percent owner 20 RUE EUGENE RUPPERT LUXEMBOURG CITY N4 L-2453
Arrow Holdings S.a.r.l. 10 percent owner 20 RUE EUGENE RUPPERT LUXEMBOURG N4 L-2453

Target Hospitality Headlines

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