Switch to:

Oasis Midstream Partners LP Earnings Yield (Joel Greenblatt) %

: 12.41% (As of Jun. 2019)
View and export this data going back to 2017. Start your Free Trial

Oasis Midstream Partners LP's Enterprise Value for the quarter that ended in Jun. 2019 was $1,447.8 Mil. Oasis Midstream Partners LP's EBIT for the trailing twelve months (TTM) ended in Jun. 2019 was $179.6 Mil. Oasis Midstream Partners LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2019 was 12.41%.

NYSE:OMP' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.7   Max: 14.6
Current: 14.08

10.7
14.6

During the past 4 years, the highest Earnings Yield (Joel Greenblatt) of Oasis Midstream Partners LP was 14.60%. The lowest was 10.70%. And the median was 12.40%.

NYSE:OMP's Earnings Yield (Joel Greenblatt) % is ranked higher than
86% of the 88 Companies
in the Oil & Gas - Midstream industry.

( Industry Median: 5.75 vs. NYSE:OMP: 14.08 )

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) %. Oasis Midstream Partners LP's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2019 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.


Oasis Midstream Partners LP Earnings Yield (Joel Greenblatt) % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Oasis Midstream Partners LP Annual Data
Dec15 Dec16 Dec17 Dec18
Earnings Yield (Joel Greenblatt) % 0.00 0.00 11.76 13.95

Oasis Midstream Partners LP Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 12.69 12.02 13.95 12.22 12.41

Competitive Comparison
* 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.


Oasis Midstream Partners LP Earnings Yield (Joel Greenblatt) % Distribution

* The bar in red indicates where Oasis Midstream Partners LP's Earnings Yield (Joel Greenblatt) % falls into.



Oasis Midstream Partners LP 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.

Oasis Midstream Partners LPs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2018 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=148.752/1062.94759
=13.99 %

Oasis Midstream Partners LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2019 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT (TTM)/Enterprise Value
=179.624/1,447.8
=12.41 %

Oasis Midstream Partners LP's EBIT for the trailing twelve months (TTM) ended in Jun. 2019 was 38.998 (Sep. 2018 ) + 40.295 (Dec. 2018 ) + 47.087 (Mar. 2019 ) + 53.244 (Jun. 2019 ) = $179.6 Mil.



Oasis Midstream Partners LP  (NYSE:OMP) 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.


Oasis Midstream Partners LP Earnings Yield (Joel Greenblatt) % Related Terms


Oasis Midstream Partners LP Earnings Yield (Joel Greenblatt) % Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)