Clear Channel Outdoor Holdings (Clear Channel Outdoor Holdings) Earnings Yield (Joel Greenblatt) %

: 3.16% (As of Dec. 2023)

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Clear Channel Outdoor Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was $7,814 Mil. Clear Channel Outdoor Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $325 Mil. Clear Channel Outdoor Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 3.16%.

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

CCO' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.1 Med: 1.85 Max: 4.4
Current: 4.27

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Clear Channel Outdoor Holdings was 4.40%. The lowest was -5.10%. And the median was 1.85%.

CCO's Earnings Yield (Joel Greenblatt) % is ranked better than
56.57% of 1050 companies
in the Media - Diversified industry
Industry Median: 2.79 vs CCO: 4.27

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) %. Clear Channel Outdoor Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was -13.24%. 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.

Clear Channel Outdoor Holdings Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Clear Channel Outdoor Holdings'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.

Clear Channel Outdoor Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Earnings Yield (Joel Greenblatt) %

1.60

-4.11

-0.54

3.22

3.16

Clear Channel Outdoor Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Earnings Yield (Joel Greenblatt) %																3.22	4.02	4.23	4.27	3.16

Competitive Comparison

For the Advertising Agencies subindustry, Clear Channel Outdoor Holdings'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.

Clear Channel Outdoor Holdings Earnings Yield (Joel Greenblatt) % Distribution

For the Media - Diversified industry and Communication Services sector, Clear Channel Outdoor Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Clear Channel Outdoor Holdings's Earnings Yield (Joel Greenblatt) % falls into.

Clear Channel Outdoor Holdings 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.

Clear Channel Outdoor Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	247.11	/	7814.43374
	=	3.16 %

Clear Channel Outdoor Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $325 Mil.

Clear Channel Outdoor Holdings (NYSE:CCO) 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

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

Clear Channel Outdoor Holdings Earnings Yield (Joel Greenblatt) % Related Terms

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

Clear Channel Outdoor Holdings (Clear Channel Outdoor Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Clear Channel Outdoor Holdings Inc (NYSE:CCO) » Definitions » Earnings Yield (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

C7C1:Germany

Address

4830 North Loop 1604 West, Suite 111, San Antonio, TX, USA, 78249

Website

https://www.clearchanneloutdoor.com

Clear Channel Outdoor Holdings Inc is one of the world's largest outdoor advertising companies. The company is engaged in providing advertising opportunities through billboards, street furniture displays, transit displays, and other out-of-home advertising displays for its clients. Its reportable segment includes America; Airports; Europe-North and Europe-South. The company generates maximum revenue from the America segment. The America segment serves markets throughout the U.S., with over 90% of its revenue generated from billboard displays.

Executives

Ares Management Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Asof Ii A (de) Holdings I, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Asof Ii Holdings I, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Justin Cochrane	officer: CEO, UK & Europe	4830 NORTH LOOP 1604W, SUITE 111, SAN ANTONIO TX 78249
Ares Voting Llc	10 percent owner	C/O ARES MGMT, 2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Assf Operating Manager Iv, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Acof Investment Management Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Holdco Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Management Gp Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Partners Holdco Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Management Holdings L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FL, LOS ANGELES CA 90067
Ares Management Corp	10 percent owner	2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Asof Investment Management Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067
Asof Holdings I, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT LLC, LOS ANGELES CA 90067
Assf Iv Aiv B Holdings Iii, L.p.	10 percent owner	2000 AVE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067