Basin Energy (ASX:BSN) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Dec. 2023)

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What is Basin Energy Earnings Yield (Joel Greenblatt) %?

Basin Energy's Enterprise Value for the quarter that ended in Dec. 2023 was A$6.62 Mil. Basin Energy does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in Dec. 2023. Therefore, GuruFocus does not calculate Basin Energy's Earnings Yield (Joel Greenblatt) at this moment.

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

ASX:BSN' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -46.57 Med: 0 Max: 0
Current: -14.73

ASX:BSN's Earnings Yield (Joel Greenblatt) % is ranked worse than
84.95% of 186 companies
in the Other Energy Sources industry
Industry Median: 4.985 vs ASX:BSN: -14.73

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) %. Basin Energy's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.

Basin Energy Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Basin Energy'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.

Basin Energy Earnings Yield (Joel Greenblatt) % Chart

Basin Energy Annual Data

Trend

Jun22

Jun23

Earnings Yield (Joel Greenblatt) %

-20.96

Basin Energy Semi-Annual Data
	Dec22	Jun23	Dec23
Earnings Yield (Joel Greenblatt) %	-	-	-

Competitive Comparison of Basin Energy's Earnings Yield (Joel Greenblatt) %

For the Uranium subindustry, Basin Energy'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.

Basin Energy's Earnings Yield (Joel Greenblatt) % Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Basin Energy's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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

Basin Energy 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.

Basin Energys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2023 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	-1.462	/	6.975455
	=	-20.96 %

Basin Energy (ASX:BSN) 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

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

Basin Energy Earnings Yield (Joel Greenblatt) % Related Terms

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

Basin Energy (ASX:BSN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Basin Energy Ltd (ASX:BSN) » Definitions » Earnings Yield (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Ord Street, Level 1, West Perth, WA, AUS, 6005

Website

https://www.basinenergy.com.au

Basin Energy Ltd is an early-stage mineral exploration and development company focused on uranium projects located in Canada. The company holds interests in the Marshall, Geikie, and North Millennium Projects. Each of the Projects is a prospective uranium exploration project.