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Telesat Earnings Yield (Joel Greenblatt) %

: 10.36% (As of Dec. 2021)
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Telesat's Enterprise Value for the quarter that ended in Dec. 2021 was $3,204.8 Mil. Telesat does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in Dec. 2021. Therefore, GuruFocus does not calculate Telesat's Earnings Yield (Joel Greenblatt) at this moment.

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

TSAT' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.48   Med: 9.14   Max: 17.84
Current: 17.84

During the past 3 years, the highest Earnings Yield (Joel Greenblatt) of Telesat was 17.84%. The lowest was 7.48%. And the median was 9.14%.

TSAT's Earnings Yield (Joel Greenblatt) % is ranked better than
87.02% of 2389 companies
in the Hardware industry
Industry Median: 4.44 vs TSAT: 17.84

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) %. Telesat's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.


Telesat Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Telesat'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.

Telesat Annual Data
Trend Dec19 Dec20 Dec21
Earnings Yield (Joel Greenblatt) %
- - 10.36

Telesat Semi-Annual Data
Dec19 Dec20 Dec21
Earnings Yield (Joel Greenblatt) % - - 10.36

Competitive Comparison

For the Communication Equipment subindustry, Telesat'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.

   

Telesat Earnings Yield (Joel Greenblatt) % Distribution

For the Hardware industry and Technology sector, Telesat's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Telesat 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.

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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=331.35390625/3204.847517
=10.34 %



Telesat  (NAS:TSAT) 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.


Telesat Earnings Yield (Joel Greenblatt) % Related Terms

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


Telesat Business Description

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Address
160 Elgin Street, Ottawa, ON, CAN, K2P 2P7
Telesat Corp is a global satellite operator, providing its customers with mission-critical communications services. The company's segment includes Broadcast; Enterprise and Consulting and other. It generates maximum revenue from the Broadcast segment. The Broadcast segment includes Direct-to-home television, video distribution and contribution, and occasional use services. Geographically, it derives a majority of revenue from Canada.
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