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Venator Materials's Enterprise Value for the quarter that ended in Mar. 2023 was $1,013 Mil. Venator Materials's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 was $-201 Mil. Venator Materials's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2023 was -19.84%.
The historical rank and industry rank for Venator Materials'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) %. Venator Materials's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2023 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 Venator Materials'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.
Venator Materials Annual Data | |||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | ||||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | -10.82 | 2.85 | -2.55 | -3.06 | -4.15 |
Venator Materials 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) % | Get a 7-Day Free Trial | -1.32 | 9.53 | 10.08 | -4.15 | -19.84 |
For the Specialty Chemicals subindustry, Venator Materials'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 Chemicals industry and Basic Materials sector, Venator Materials's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Venator Materials'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.
Venator Materialss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | -42 | / | 1012.914064 | |
= | -4.15 % |
Venator Materials'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 $-201 Mil.
Venator Materials (OTCPK:VNTRF) 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 Venator Materials's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Vir Lakshman | director | TITANIUM HOUSE, HANZARD DRIVE, WYNYARD PARK, STOCKTON-ON-TEES X0 XO TS22 5F |
Van De Kerkhof Heike | director | C/O VENATOR MATERIALS PLC, TITANIUM HOUSE, HANZARD DRIVE, WYNYARD, STOCKTON-ON-TEES X0 TS225FD |
Aaron Charles Davenport | director | C/O VENATOR MATERIALS PLC, TITANIUM HOUSE, HANZARD DRIVE, WYNYARD, STOCKTON-ON-TEES X0 TS225FD |
Sk Capital Investment V, L.p. | 10 percent owner | 430 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022 |
Jamshid Keynejad | 10 percent owner | C/O SK CAPITAL, 430 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022 |
Barry Siadat | 10 percent owner | C/O SK CAPITAL, 430 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022 |
Huntsman Corp | 10 percent owner | 10003 WOODLOCH FOREST DRIVE, THE WOODLANDS TX 77380 |
Sk Capital Investment V, Ltd. | 10 percent owner | 430 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022 |
Sk Praetorian Holdings, L.p. | 10 percent owner | 430 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022 |
Sk Praetorian Gp, Llc | 10 percent owner | 430 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022 |
Douglas Delano Anderson | director | 10001 WOODLOCH FOREST DRIVE, SUITE 600, THE WOODLANDS TX 77380 |
Kurt Ogden | officer: Senior VP & CFO | 10001 WOODLOCH FOREST DRIVE, SUITE 600, THE WOODLANDS TX 77380 |
Russell R Stolle | officer: Sr VP, General Counsel and CCO | 500 HUNTSMAN WAY, SALT LAKE CITY UT 84108 |
Kathy Dawn Patrick | director | 10001 WOODLOCH FOREST DRIVE, SUITE 600, THE WOODLANDS TX 77380 |
Simon Turner | director, officer: President & CEO | 500 HUNTSMAN WAY, SALT LAKE CITY X1 84108 |
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