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Town Sports International Holdings (Town Sports International Holdings) Earnings Yield (Joel Greenblatt) % : -19.16% (As of Mar. 2020)


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What is Town Sports International Holdings Earnings Yield (Joel Greenblatt) %?

Town Sports International Holdings's Enterprise Value for the quarter that ended in Mar. 2020 was $781.2 Mil. Town Sports International Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2020 was $-149.8 Mil. Town Sports International Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2020 was -19.16%.

The historical rank and industry rank for Town Sports International Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

CLUBQ's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Travel & Leisure industry.
Industry Median: 4.285
* Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.

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) %. Town Sports International Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2020 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.


Town Sports International Holdings Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Town Sports International Holdings'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.

Town Sports International Holdings Earnings Yield (Joel Greenblatt) % Chart

Town Sports International Holdings Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.44 14.60 2.32 3.93 -0.74

Town Sports International Holdings Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial 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 Premium Member Only Premium Member Only 1.05 0.89 -0.14 -0.74 -19.16

Competitive Comparison of Town Sports International Holdings's Earnings Yield (Joel Greenblatt) %

For the Leisure subindustry, Town Sports International Holdings'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.


Town Sports International Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Town Sports International Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Town Sports International Holdings's Earnings Yield (Joel Greenblatt) % falls into.



Town Sports International Holdings 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.

Town Sports International Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2019 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-6.087/826.363776
=-0.74 %

Town Sports International Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-149.8 Mil.



Town Sports International Holdings  (OTCPK:CLUBQ) 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.


Town Sports International Holdings Earnings Yield (Joel Greenblatt) % Related Terms

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Town Sports International Holdings (Town Sports International Holdings) Business Description

Traded in Other Exchanges
N/A
Address
1001 US North Highway 1, Suite 201, Jupiter, FL, USA, 33477
Town Sports International Holdings Inc operates in the fitness industry. It owns and operates fitness clubs in the Northeast and Mid-Atlantic regions of the United States. The company, through its subsidiaries, operates fitness clubs. The firm also provides ancillary programs and services such as sports clubs for kids, racquet sports, small group training and studio classes.
Executives
Justin Lundberg director 1001 US NORTH HIGHWAY 1, SUITE 201 JUPITER FL 33477
Jeffrey Crivello director 12701 WHITEWATER DRIVE, SUITE 200, MINNETONKA MN 55343
Nitin Ajmera officer: Chief Accounting Officer 5 PENN PLAZA NEW YORK NY 10001
Phillip Juhan officer: Chief Financial Officer 1001 US NORTH HIGHWAY 1, SUITE 201 JUPITER FL 33477
Pw Partners Capital Management Llc other: See Footnote 1 141 W. JACKSON BLVD., SUITE 1702, CHICAGO IL 60604
Pw Partners Atlas Funds, Llc other: See Footnote 1 141 W. JACKSON BLVD., SUITE 1702, CHICAGO IL 60604
Pw Partners Atlas Fund Ii, Lp other: See Footnote 1 141 W. JACKSON BLVD., SUITE 300, CHICAGO IL 60604
Patrick Walsh director, 10 percent owner, officer: Chief Executive Officer 141 W. JACKSON BLVD., STE. 1702, CHICAGO IL 60604
Martin J. Annese director C/O TOWN SPORTS INTERNATIONAL HOLDINGS 5 PENN PLAZA NEW YORK NY 10001
Louis Spencer Wells director 2935 PACIFIC AVENUE, SAN FRANCISCO CA 94115
Pw Partners Atlas Fund Iii, Lp other: See Footnote 1 141 W. JACKSON BLVD., SUITE 1702 CHICAGO IL 60604
Kennedy Lewis Management Lp 10 percent owner 225 LIBERTY STREET, SUITE 4210, NEW YORK NY 10281
Darren Richman 10 percent owner 80 BROAD STREET, 22ND FLOOR, NEW YORK NY 10004
David Chene 10 percent owner 80 BROAD STREET, 22ND FLOOR, NEW YORK NY 10004
Kennedy Lewis Investment Management Llc 10 percent owner 80 BROAD STREET, 22ND FLOOR, NEW YORK NY 10004