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MasTec Earnings Yield (Joel Greenblatt) %

: 5.96% (As of Jun. 2021)
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MasTec's Enterprise Value for the quarter that ended in Jun. 2021 was $9,462 Mil. MasTec's EBIT for the trailing twelve months (TTM) ended in Jun. 2021 was $563 Mil. MasTec's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2021 was 5.96%.

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

NYSE:MTZ' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.95   Med: 7.96   Max: 15.7
Current: 6.91

-0.95
15.7

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of MasTec was 15.70%. The lowest was -0.95%. And the median was 7.96%.

NYSE:MTZ's Earnings Yield (Joel Greenblatt) % is ranked lower than
82% of the 66 Companies
in the Construction industry.

( Industry Median: 6.05 vs. NYSE:MTZ: 6.91 )

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) %. MasTec's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2021 was 24.43%. 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.


MasTec Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for MasTec'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.

MasTec Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.66 8.04 10.03 9.03 7.91

MasTec 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 10.17 10.45 7.91 6.78 5.96

Competitive Comparison

For the Engineering & Construction subindustry, MasTec'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.

   

MasTec Earnings Yield (Joel Greenblatt) % Distribution

For the Construction industry and Industrials sector, MasTec's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



MasTec 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.

MasTecs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2020 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=484.793/6128.81779
=7.91 %

MasTec'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 $563 Mil.



MasTec  (NYSE:MTZ) 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.


MasTec Earnings Yield (Joel Greenblatt) % Related Terms

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


MasTec Business Description

MasTec logo
Industry
Industrials » Construction NAICS : 237130 SIC : 1623
Traded in Other Exchanges
Address
800 S. Douglas Road, 12th Floor, Coral Gables, FL, USA, 33134
MasTec Inc is a leading infrastructure construction company operating primarily throughout North America. Its principal activities include engineering, building, installation, maintenance, and upgrades of communications, energy, and utility infrastructure. The company installs wireless, wireline, and satellite communications; oil and gas pipeline infrastructure; conventional and renewable power generation; and other industrial systems. MasTec has five operating segments: Communications, Oil and Gas, Electrical Transmission, Clean Energy and Infrastructure, and Other. The majority of its revenue is derived from the Communications segments. The company markets services individually and in combination with other companies to provide a wide range of solutions for customers.
Executives
De Cardenas Alberto officer: EVP, General Counsel 800 S DOUGLAS ROAD 12TH FLOOR CORAL GABLES X1 33134
Johnson Julia L director NETCOMMUNICATIONS LLC 614 GRAND HIGHWAY CLAREMONT FL 34711
Csiszar Ernst N director 2600 S RIVER ROAD DES PLAINES IL 60018
Dwyer Robert J director 880 SOUTH OCEAN BOULEVARD PALM BEACH FL 33480
Sorzano Jose S director AUSTIN GROUP INC 5305 LEE HIGHWAY NORTH ARLINGTON VA 22207
Palomarez Javier Alberto director 3405 PINNEY POINT DRIVE FLOWER MOUND TX 75022
Campbell C Robert director 800 DOUGLAS ROAD 12TH FLOOR CORAL GABLES FL 33134
Mas Jose Ramon director, officer: CEO 800 DOUGLAS ROAD, 12TH FLOOR CORAL GABLES FL 33134
Mas Jorge director 800 DOUGLAS ROAD 12TH FLOOR CORAL GABLES FL 33134
Pita George officer: CFO 3000 NW 107TH AVENUE MIAMI FL 33172
Apple Robert E officer: COO 800 S DOUGLAS ROAD 12TH FLOOR CORAL GABLES FL 33134
Heuvelen John Van director 363 HIGH STREET DENVER CO 80218
Jaumot Frank E director 190 SE 19TH AVENUE POMPANO BEACH FL 33060
Restrepo Daniel A director C/O MASTEC, INC. 800 S. DOUGLAS RD., 12TH FLOOR CORAL GABLES FL 33134
Harris Ray officer: President 800 DOUGLAS ROAD 12TH FLOOR - MASTEC CORAL GABLES FL 33134

MasTec Headlines

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