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Megaron (WAR:MEG) Earnings Yield (Joel Greenblatt) %

: -1.18% (As of Dec. 2022)
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Megaron's Enterprise Value for the quarter that ended in Dec. 2022 was zł36.80 Mil. Megaron's EBIT for the trailing twelve months (TTM) ended in Dec. 2022 was zł-1.23 Mil. Megaron's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2022 was -1.18%.

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

WAR:MEG' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.24   Med: 7.07   Max: 19.92
Current: -3.51

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Megaron was 19.92%. The lowest was -5.24%. And the median was 7.07%.

WAR:MEG's Earnings Yield (Joel Greenblatt) % is ranked worse than
87.37% of 372 companies
in the Building Materials industry
Industry Median: 6.36 vs WAR:MEG: -3.51

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) %. Megaron's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2022 was -19.82%. 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.


Megaron Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Megaron'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.

Megaron Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.52 8.84 11.31 6.33 -1.18

Megaron Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Jun22 Sep22 Dec22
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 0.92 6.33 0.58 -0.24 -1.18

Competitive Comparison

For the Building Materials subindustry, Megaron'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.

   

Megaron Earnings Yield (Joel Greenblatt) % Distribution

For the Building Materials industry and Basic Materials sector, Megaron's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Megaron's Earnings Yield (Joel Greenblatt) % falls in comparison to its industry or sector. The grey bar indicates the Earnings Yield (Joel Greenblatt) %'s extreme value range as defined by GuruFocus.



Megaron 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.

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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-0.433/36.795
=-1.18 %

Megaron's EBIT for the trailing twelve months (TTM) ended in Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was zł-1.23 Mil.



Megaron  (WAR:MEG) 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.


Megaron Earnings Yield (Joel Greenblatt) % Related Terms

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


Megaron (WAR:MEG) Business Description

Megaron logo
Industry
Traded in Other Exchanges
N/A
Address
Ul Pyrzycka 3 e f, Szczecin, POL, 70-892
Megaron SA is a Poland based company engaged in the production and distribution of building materials. It offers plaster coats, gypsum putty, and assembly adhesives. The company sells its products through distributors and sales representatives.

Megaron (WAR:MEG) Headlines

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