Firan Technology Group's Enterprise Value for the quarter that ended in Feb. 2024 was C$169.3 Mil.
Firan Technology Group's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was C$12.8 Mil. Firan Technology Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was 7.56%.
The historical rank and industry rank for Firan Technology Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSX:FTG'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -11.77 Med: 7.83 Max: 23.69
Current: 8.56
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Firan Technology Group was 23.69%. The lowest was -11.77%. And the median was 7.83%.
TSX:FTG's Earnings Yield (Joel Greenblatt) % is ranked better than 89.71% of 311
companies
in the Aerospace & Defense industry
Industry Median: 2.7
vs TSX:FTG: 8.56
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) %. Firan Technology Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2024 was 9.50%. 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.
Firan Technology Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Firan Technology 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.
For the Aerospace & Defense subindustry, Firan Technology 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.
Firan Technology Group Earnings Yield (Joel Greenblatt) % Distribution
For the Aerospace & Defense industry and Industrials sector, Firan Technology Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Firan Technology Group's Earnings Yield (Joel Greenblatt) % falls into.
Firan Technology 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.
Firan Technology Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Nov. 2023 is calculated as
Firan Technology Group's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$12.8 Mil.
Firan Technology Group (TSX:FTG) 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.
Firan Technology Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Firan Technology Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Firan Technology Group (TSX:FTG) Business Description
Firan Technology Group Corp is a supplier of aerospace and defense electronic products and subsystems. It has two operating segments namely FTG Circuits and FTG Aerospace. FTG Circuits manufactures printed circuit boards within the marketplace globally. FTG Aerospace designs and manufactures illuminated cockpit panels, keyboards, bezels, sub-assemblies, and assemblies for original equipment manufacturers of avionics products and for airframe manufacturers. The company operates in Canada, the United States, Asia, and Europe and generates substantial sales from the United States. The majority of revenue is from the Circuit segment.
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