What is Blue Biofuels Earnings Yield (Joel Greenblatt) %?
Blue Biofuels's Enterprise Value for the quarter that ended in Dec. 2023 was $28.23 Mil.
Blue Biofuels's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-2.96 Mil. Blue Biofuels's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -10.47%.
The historical rank and industry rank for Blue Biofuels's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BIOF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -217.49 Med: -53.73 Max: -6.96
Current: -9.77
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of Blue Biofuels was -6.96%. The lowest was -217.49%. And the median was -53.73%.
BIOF's Earnings Yield (Joel Greenblatt) % is ranked worse than 92.19% of 1574
companies
in the Chemicals industry
Industry Median: 4.35
vs BIOF: -9.77
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) %. Blue Biofuels's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.
Blue Biofuels Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Blue Biofuels'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.
Blue Biofuels Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Blue Biofuels's Earnings Yield (Joel Greenblatt) %
For the Specialty Chemicals subindustry, Blue Biofuels'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.
Blue Biofuels's Earnings Yield (Joel Greenblatt) % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Blue Biofuels's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Blue Biofuels's Earnings Yield (Joel Greenblatt) % falls into.
Blue Biofuels 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.
Blue Biofuelss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Blue Biofuels's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.96 Mil.
Blue Biofuels (OTCPK:BIOF) 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.
Blue Biofuels Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Blue Biofuels's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Blue Biofuels (Blue Biofuels) Business Description
Blue Biofuels Inc is a technology company focused on emerging technologies in the renewable energy, biofuels, and new technologies sectors. It developed a technology system called Cellulose-to-Sugar 2.0 (CTS 2.0) which is a mechanical/chemical dry process for converting cellulose material into sugar for use in the biofuels industry. It can convert any cellulosic material like grasses, wood, paper, farm waste, yard waste, forestry products, energy crops like hemp or King Grass, and the cellulosic portion of municipal solid waste into sugars and lignin, and subsequently into biofuels and bioplastics. This system produces sugar and chemically unmodified lignin among other by-products. The sugar can then be further converted into biofuels and the lignin into bioplastics.
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