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Microwave Filter Co (Microwave Filter Co) Earnings Yield (Joel Greenblatt) % : 14.90% (As of Jun. 2019)


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What is Microwave Filter Co Earnings Yield (Joel Greenblatt) %?

Microwave Filter Co's Enterprise Value for the quarter that ended in Jun. 2019 was $0.93 Mil. Microwave Filter Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2019 was $0.14 Mil. Microwave Filter Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2019 was 14.90%.

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

MFCO's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Hardware industry.
Industry Median: 3.165
* Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.

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) %. Microwave Filter Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2019 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.


Microwave Filter Co Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Microwave Filter Co'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.

Microwave Filter Co Earnings Yield (Joel Greenblatt) % Chart

Microwave Filter Co Annual Data
Trend Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.68 -28.49 -1.71 -20.16 -0.18

Microwave Filter Co Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 -13.35 -0.18 -2.66 19.12 14.90

Competitive Comparison of Microwave Filter Co's Earnings Yield (Joel Greenblatt) %

For the Communication Equipment subindustry, Microwave Filter Co'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.


Microwave Filter Co's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Microwave Filter Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Microwave Filter Co's Earnings Yield (Joel Greenblatt) % falls into.



Microwave Filter Co 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.

Microwave Filter Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2018 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-0.003/1.0922144
=-0.27 %

Microwave Filter Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.14 Mil.



Microwave Filter Co  (OTCPK:MFCO) 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.


Microwave Filter Co Earnings Yield (Joel Greenblatt) % Related Terms

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Microwave Filter Co (Microwave Filter Co) Business Description

Industry
Traded in Other Exchanges
N/A
Address
6743 Kinne Street, East Syracuse, Syracuse, NY, USA, 13057
Microwave Filter Co Inc operates in the United States and principally in one Industry. The Company extends credit to business customers, including original equipment manufacturers (OEMs), distributors and other end users, based upon ongoing credit evaluations. MFC designs, develops, manufactures and sells electronic filters, both for radio and microwave frequencies, to help process signal distribution and to prevent unwanted signals from disrupting transmit or receive operations. Markets served include 5G, cable television, television and radio broadcast, satellite broadcast, mobile radio and commercial and defense electronics.
Executives
Hummingbird Value Fund Lp other: See explanation of responses 145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Management Llc other: See explanation of responses 145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Paul D Sonkin other: See explanation of responses 145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Capital Llc other: See explanation of responses 145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Tarsier Nanocap Value Fund, Lp other: See explanation of responses C/O HUMMINGBIRD MANAGEMENT, LLC, 145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Christopher N Argyrople 10 percent owner 50 MILK STREET, 21ST FLOOR, BOSTON MA 02109

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