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Stingray Group Earnings Yield (Joel Greenblatt) %

: 8.01% (As of Sep. 2021)
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Stingray Group's Enterprise Value for the quarter that ended in Sep. 2021 was $686.9 Mil. Stingray Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2021 was $56.6 Mil. Stingray Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2021 was 8.01%.

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

OTCPK:STGYF' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.97   Med: 2.46   Max: 9.16
Current: 8.28

-2.97
9.16

During the past 7 years, the highest Earnings Yield (Joel Greenblatt) of Stingray Group was 9.16%. The lowest was -2.97%. And the median was 2.46%.

OTCPK:STGYF's Earnings Yield (Joel Greenblatt) % is ranked higher than
72% of the 977 Companies
in the Media - Diversified industry.

( Industry Median: 2.34 vs. OTCPK:STGYF: 8.28 )

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) %. Stingray Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2021 was 28.54%. 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.


Stingray Group Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Stingray Group'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.

Stingray Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only 1.77 0.60 -0.55 4.83 9.06

Stingray Group Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Earnings Yield (Joel Greenblatt) % 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 Premium Member Only Premium Member Only Premium Member Only 4.81 5.77 9.06 7.86 8.01

Competitive Comparison

For the Broadcasting subindustry, Stingray Group'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.

   

Stingray Group Earnings Yield (Joel Greenblatt) % Distribution

For the Media - Diversified industry and Communication Services sector, Stingray Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Stingray Group 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.

Stingray Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=62.728140663537/688.99461661612
=9.10 %

Stingray Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $56.6 Mil.



Stingray Group  (OTCPK:STGYF) 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.


Stingray Group Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Stingray Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Stingray Group Business Description

Stingray Group logo
Industry
Comparable Companies
Traded in Other Exchanges
Address
730 Wellington Street, Montreal, QC, CAN, H3C 1T4
Stingray Group Inc is a music, media, and technology company. The company is a provider of curated direct-to-consumer and B2B services, including audio television channels, radio stations, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps. It operates through the following segments namely Broadcasting and commercial music segment; Radio segment and Corporate and eliminations. The company generates maximum revenue from Broadcasting and commercial music segment.

Stingray Group Headlines

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