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SendGrid's Enterprise Value for the quarter that ended in Sep. 2018 was $1,565.8 Mil. SendGrid's EBIT for the trailing twelve months (TTM) ended in Sep. 2018 was $-5.2 Mil. SendGrid's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2018 was -0.33%.
The historical rank and industry rank for SendGrid's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
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) %. SendGrid's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2018 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.
The historical data trend for SendGrid'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.
SendGrid Annual Data | |||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | |||||
Earnings Yield (Joel Greenblatt) % | - | - | - | -0.71 |
SendGrid Quarterly Data | |||||||||||
Dec14 | Dec15 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | |
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | - | -0.71 | -0.52 | -0.42 | -0.33 |
For the Software - Infrastructure subindustry, SendGrid'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.
For the Software industry and Technology sector, SendGrid's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where SendGrid's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
SendGrids Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2017 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | -6.071 | / | 852.660529 | |
= | -0.71 % |
SendGrid's EBIT for the trailing twelve months (TTM) ended in Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.2 Mil.
SendGrid (NYSE:SEND) 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.
Thank you for viewing the detailed overview of SendGrid's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Sri Viswanath | director | 600 WEST CHICAGO AVENUE, SUITE 400, CHICAGO IL 60654 |
Sameer Dholakia | director, officer: President and CEO | C/O SENDGRID, INC., 1801 CALIFORNIA STREET, SUITE 500, DENVER CO 80202 |
Anne Raimondi | director | C/O ASANA, INC., 633 FOLSOM STREET, SUITE 100, SAN FRANCISCO CA 94107 |
Deer Viii & Co. Ltd. | 10 percent owner | C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, LARCHMONT NY 10538 |
Deer Viii & Co. L.p. | 10 percent owner | C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, LARCHMONT NY 10538 |
Bessemer Venture Partners Viii Institutional L.p. | 10 percent owner | 1865 PALMER AVENUE, LARCHMONT NY 01538 |
Bessemer Venture Partners Viii L.p. | 10 percent owner | 1865 PALMER AVENUE, LARCHMONT NY 01538 |
Ajay Agarwal | director | C/O BAIN CAPITAL VENTURE INVESTORS, LLC, 200 CLARENDON STREET, BOSTON MA 02116 |
Yancey L. Spruill | officer: CFO, COO and Treasurer | 1601 DRY CREEK DRIVE, SUITE 260, LONGMONT CO 80503 |
Hilary Schneider | director | C/O LIFELOCK, INC., 60 EAST RIO SALADO PARKWAY, SUITE 400, TEMPE AZ 85281 |
Byron B Deeter | director | C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE SUITE 104, LARCHMONT NY 10538 |
Bradley A Feld | 10 percent owner | C/O FOUNDRY GROUP, 645 WALNUT ST., BOULDER CO 80302 |
Ryan A Mcintyre | 10 percent owner | |
Jason A Mendelson | 10 percent owner | C/O FOUNDRY GROUP, 1050 WALNUT STREET, SUITE 210, BOULDER CO 80302 |
Foundry Select Fund Gp, Llc | 10 percent owner | 1050 WALNUT STREET, SUITE 210, BOULDER CO 80302 |
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