What is Atlantia SpA Earnings Yield (Joel Greenblatt) %?
Atlantia SpA's Enterprise Value for the quarter that ended in Jun. 2022 was $50,492 Mil.
Atlantia SpA's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $990 Mil. Atlantia SpA's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 1.98%.
The historical rank and industry rank for Atlantia SpA's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ATASF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -15.81 Med: 8.03 Max: 22.87
Current: 2.33
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Atlantia SpA was 22.87%. The lowest was -15.81%. And the median was 8.03%.
ATASF's Earnings Yield (Joel Greenblatt) % is not ranked
in the Construction industry.
Industry Median: 6.54
vs ATASF: 2.33
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) %. Atlantia SpA's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 8.44%. 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.
Atlantia SpA Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Atlantia SpA'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.
Competitive Comparison of Atlantia SpA's Earnings Yield (Joel Greenblatt) %
For the Infrastructure Operations subindustry, Atlantia SpA'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.
Atlantia SpA's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Atlantia SpA's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Atlantia SpA'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.
Atlantia SpAs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as
Atlantia SpA's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $990 Mil.
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.
Atlantia SpA Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Atlantia SpA's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Atlantia SpA is an Italian industrial company that primarily operates motorways and airports. It operates through the following segments: Italian motorways, overseas motorways, Abertis group, Italian airports, overseas airports, and Atlantia, among other activities. The motorways segments, which constitute the vast majority of company revenue, are engaged in the construction, maintenance, and management of toll roads globally. Airport operations consist of revenue derived from the operation of the Fiumicino and Ciampino airports in Italy and the three airports of Nice, Cannes-Mandelieu, and Saint Tropez in France. Other services include electronic tolling development and various engineering and maintenance activities.
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