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Yale Transaction Finders (OTCPK:YTFD) Earnings Yield (Joel Greenblatt) %

: -0.17% (As of Sep. 2023)
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Yale Transaction Finders's Enterprise Value for the quarter that ended in Sep. 2023 was $20.81 Mil. Yale Transaction Finders's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.04 Mil. Yale Transaction Finders's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was -0.17%.

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

YTFD' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9.5   Med: 0   Max: 0
Current: -0.17

YTFD's Earnings Yield (Joel Greenblatt) % is not ranked
in the Diversified Financial Services industry.
Industry Median: -1.705 vs YTFD: -0.17

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) %. Yale Transaction Finders'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.


Yale Transaction Finders Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Yale Transaction Finders'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.

Yale Transaction Finders 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 -8.64 -8.08 -0.66 -0.39 -0.31

Yale Transaction Finders 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) % 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 -0.13 -0.31 -0.33 -0.23 -0.17

Competitive Comparison

For the Shell Companies subindustry, Yale Transaction Finders'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.


Yale Transaction Finders Earnings Yield (Joel Greenblatt) % Distribution

For the Diversified Financial Services industry and Financial Services sector, Yale Transaction Finders's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Yale Transaction Finders's Earnings Yield (Joel Greenblatt) % falls into.



Yale Transaction Finders 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.

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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-0.057/18.2335
=-0.31 %

Yale Transaction Finders'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 $-0.04 Mil.



Yale Transaction Finders  (OTCPK:YTFD) 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.


Yale Transaction Finders Earnings Yield (Joel Greenblatt) % Related Terms

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Yale Transaction Finders (OTCPK:YTFD) Business Description

Traded in Other Exchanges
N/A
Address
c/o Graubard Miller, 405 Lexington Avenue, 44th Floor, New York, NY, USA, 10174
Website
Yale Transaction Finders Inc is a shell company.
Executives
Jonathan J Ledecky director, 10 percent owner, officer: CEO, CFO C/O THE LEDECKY FOUNDATION, 901 - 15TH STREET, NW, SUITE 950, WASHINGTON DC 20005
Arnold P Kling 10 percent owner, officer: President, Treasurer C/O ADELPHIA HOLDINGS LLC, 545 MADISON AVE 6TH FLOOR, NEW YORK NY 10022
Thomas W Colligan director, officer: See Remarks 5528 WESTCOTT CIRCLE, FREDERICK MD 21703
Fountainhead Capital Management Ltd 10 percent owner PORTMAN HOUSE HUE STREET, ST HELIER, JERSEY CHANNEL ISLANDS X0 JE45RP
La Pergola Investments Ltd 10 percent owner 1 PORTMAN HOUSE, HUE STREET ST HELLIER, JERSEY CHANNEL ISLAN X0 JE45RP
Geoffrey Greenwood director, 10 percent owner, officer: President,Secreatary 2045 KETTNER BLVD., SUITE 101, SAN DIEGO CA 92101

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