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Eastern Platinum (Eastern Platinum) Earnings Yield (Joel Greenblatt) % : -666.67% (As of Sep. 2023)


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Eastern Platinum Earnings Yield (Joel Greenblatt) % Definition

Eastern Platinum's Enterprise Value for the quarter that ended in Sep. 2023 was $-3.23 Mil. Eastern Platinum's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was $17.34 Mil. Eastern Platinum's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was -666.67%.

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

ELRFF' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6073.99   Med: 15.94   Max: 19970.6
Current: 196.08

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Eastern Platinum was 19970.60%. The lowest was -6073.99%. And the median was 15.94%.

ELRFF's Earnings Yield (Joel Greenblatt) % is ranked better than
99.66% of 2669 companies
in the Metals & Mining industry
Industry Median: -12.16 vs ELRFF: 196.08

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) %. Eastern Platinum's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 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.


Eastern Platinum Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Eastern Platinum'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.

Eastern Platinum Earnings Yield (Joel Greenblatt) % Chart

Eastern Platinum Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 72.46 -8.17 36.63 -21.46 2.16

Eastern Platinum Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -10.58 2.16 -14.45 454.55 -666.67

Competitive Comparison of Eastern Platinum's Earnings Yield (Joel Greenblatt) %

For the Other Precious Metals & Mining subindustry, Eastern Platinum'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.


Eastern Platinum's Earnings Yield (Joel Greenblatt) % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Eastern Platinum's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Eastern Platinum's Earnings Yield (Joel Greenblatt) % falls into.



Eastern Platinum 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.

Eastern Platinums Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=0.376/16.462358016
=2.28 %

Eastern Platinum's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $17.34 Mil.



Eastern Platinum  (OTCPK:ELRFF) 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.


Eastern Platinum Earnings Yield (Joel Greenblatt) % Related Terms

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Eastern Platinum (Eastern Platinum) Business Description

Traded in Other Exchanges
Address
1188 West Georgia Street, Suite 1080, Vancouver, BC, CAN, V6E 4A2
Eastern Platinum Ltd owns, directly and indirectly, a number of PGM and chrome assets in the Republic of South Africa. All of the company's properties are situated on the western and eastern limbs of the Bushveld Complex, the geological environment that hosts approximately 80% of the world's PGM-bearing ore. It has three segments CRM, Eastern Limb and Corporate. Operations at the Crocodile River Mine include re-mining and processing its tailings resource, with an offtake of the chrome concentrate to Union Goal from the Zandfontein UG2 tailings facility and the processing and extraction of platinum group metals.

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