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NewtekOne (NAS:NEWT) Earnings Yield (Joel Greenblatt) %

: 0.00% (As of Mar. 2023)
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NewtekOne's Enterprise Value for the quarter that ended in Mar. 2023 was $916.3 Mil. NewtekOne's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 was $0.0 Mil. NewtekOne's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2023 was 0.00%.

The historical rank and industry rank for NewtekOne'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 NewtekOne was 9.39%. The lowest was 0.00%. And the median was 7.56%.

NEWT's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Banks industry.
Industry Median: 2.88
* Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.

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) %. NewtekOne's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2023 was -14.49%. 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.


NewtekOne Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for NewtekOne'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.

NewtekOne Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

NewtekOne Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 - - - - -

Competitive Comparison

For the Banks - Regional subindustry, NewtekOne'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.

   

NewtekOne Earnings Yield (Joel Greenblatt) % Distribution

For the Banks industry and Financial Services sector, NewtekOne's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where NewtekOne's Earnings Yield (Joel Greenblatt) % falls in comparison to its industry or sector. The grey bar indicates the Earnings Yield (Joel Greenblatt) %'s extreme value range as defined by GuruFocus.



NewtekOne 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.

NewtekOnes Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=0/893.50325
= %

NewtekOne's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.



NewtekOne  (NAS:NEWT) 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.


NewtekOne Earnings Yield (Joel Greenblatt) % Related Terms

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


NewtekOne (NAS:NEWT) Business Description

NewtekOne logo
Industry
Traded in Other Exchanges
Address
4800 T Rex Avenue, Suite 120, Boca Raton, FL, USA, 33431
NewtekOne Inc, formerly Newtek Business Services Corp is a non-diversified closed-end management investment company. The firm's investment objective is to generate current income and capital appreciation. The company provides business solutions that are designed to help organizations to grow sales, reduce costs, and minimize risk. Its solutions include web design, domains, hosting, website security, and others.
Executives
Fernando Perez-hickman director 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Halli Razon-feingold director 4800 T-REX AVENUE, SUITE 120, BOCA RATON FL 33019
Nicolas Young officer: Chief Risk Officer 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Nicholas J Leger officer: Chief Accounting Officer 348 ALFRED STREET, NORTH BABYLON NY 11703
Christopher Towers officer: Chief Accounting Officer 1981 MARCUS AVENUE, SUITE 130, LAKE SUCCESS NY 11042
Gregory L Zink director 1981 MARCUS AVENUE, SUITE 130, LAKE SUCCESS NY 11042
Nilesh Joshi officer: Chief Information Officer 5617 W. MOLLY LANE, PHOENIX AZ 85083
Dean Choksi officer: Treasurer 212 WEST 35TH STREET, FLOOR 2, NEW YORK NY 10001
John Raven officer: Chief Info. Security Officer
Richard J Salute director P O BOX 306, WOODBURY NY 11797
Michael Adam Schwartz officer: Chief Legal Officer, Secretary C/O NEWTEK BUSINESS SERVICES INC, 462 SEVENTH AVENUE, 14TH FLOOR, NEW YORK NY 10018
Barry Sloane director, officer: CEO and President
Peter Mathison Downs director 1440 PINEACRES BLVD, BAY SHORE NY 11706
Salvatore Francis Mulia director 4 WHITNEY STREET EXTENSION, WESTPORT CT 06880
Jennifer Catherine Eddelson officer: Principal Financial Officer 60 HEMPSTEAD AVENUE, 6TH FLOOR, WEST HEMPSTEAD NY 11552

NewtekOne (NAS:NEWT) Headlines

Other Sources

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