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Viasat Earnings Yield (Joel Greenblatt) %

: 1.42% (As of Jun. 2021)
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Viasat's Enterprise Value for the quarter that ended in Jun. 2021 was $5,925 Mil. Viasat's EBIT for the trailing twelve months (TTM) ended in Jun. 2021 was $84 Mil. Viasat's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2021 was 1.42%.

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

NAS:VSAT' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3   Med: 0.79   Max: 2.63
Current: 1.39

-3
2.63

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Viasat was 2.63%. The lowest was -3.00%. And the median was 0.79%.

NAS:VSAT's Earnings Yield (Joel Greenblatt) % is ranked lower than
66% of the 2365 Companies
in the Hardware industry.

( Industry Median: 3.69 vs. NAS:VSAT: 1.39 )

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) %. Viasat's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2021 was 0.27%. 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.


Viasat Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Viasat'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.

Viasat Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.85 -2.10 -1.03 0.97 1.12

Viasat 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 0.96 0.86 1.06 1.12 1.42

Competitive Comparison

For the Communication Equipment industry, Viasat'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.

   

Viasat Earnings Yield (Joel Greenblatt) % Distribution

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

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



Viasat 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.

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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=58.673/5229.823837
=1.12 %

Viasat's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT (TTM)/Enterprise Value
=84.228/5,925
=1.42 %

Viasat'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 $84 Mil.



Viasat  (NAS:VSAT) 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.


Viasat Earnings Yield (Joel Greenblatt) % Related Terms

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


Viasat Business Description

Viasat logo
Industry
Technology » Hardware NAICS : 334220 SIC : 3663
Traded in Other Exchanges
Address
6155 El Camino Real, Carlsbad, CA, USA, 92009
Viasat Inc provides bandwidth technologies and services in three segments: satellite services, which provides satellite-based high-speed broadband services to consumers, enterprises, and commercial airlines; commercial networks, which develops end-to-end communication and connectivity systems; and government systems, which produces network-centric Internet Protocol-based secure government communication systems. A large majority of the firm's revenue is generated in the United States, with the rest coming from the Americas, Europe, Middle East, Africa, and Asia-Pacific.
Executives
Stenbit John P director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: STENBIT JOHN P a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Wise Theresa director 400 FAIRVIEW AVENUE NORTH SUITE 1200 SEATTLE WA 98109
Johnson Robert W director 2280 UNIVERSITY DRIVE NEWPORT BEACH CA 92660
Rao Varsha Rajendra director 6155 EL CAMINO REAL CARLSBAD CA 92009
Pak Sean director 6155 EL CAMINO REAL CARLSBAD CA 92009
Klarman Seth A 10 percent owner 10 ST JAMES AVENUE STE 1700 BOSTON MA 02116
Baupost Group Llc/ma 10 percent owner 10 ST JAMES AVE SUITE 1700 BOSTON MA 02116
Baupost Group Gp, L.l.c. 10 percent owner 10 ST. JAMES AVENUE SUITE 1700 BOSTON MA 02116
Peck Bobby Ray Jr 10 percent owner 199 FREMONT ST SUITE 2500 SAN FRANCISCO CA 94105
Raab Andrew John 10 percent owner 199 FREMONT ST SUITE 2500 SAN FRANCISCO CA 94105
Fpr Partners Llc 10 percent owner 199 FREMONT STREET SUITE 2500 SAN FRANCISCO CA 94105
White Harvey director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: WHITE HARVEY a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Ryan David Louis officer: President Commercial Networks 6155 EL CAMINO REAL CARLSBAD CA 92009
Dodd James Michael officer: President, Global Mobile 6155 EL CAMINO REAL CARLSBAD CA 92009
Lippert Keven K officer: Executive Vice President 6155 EL CAMINO REAL CARLSBAD CA 92009

Viasat Headlines

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