What is Freedom Care Group Holdings Earnings Yield (Joel Greenblatt) %?
Freedom Care Group Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was A$13.01 Mil.
Freedom Care Group Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.25 Mil. Freedom Care Group Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 0.00%.
The historical rank and industry rank for Freedom Care Group Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ASX:FCG'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.79 Med: 0 Max: 11.57
Current: -1.79
During the past 2 years, the highest Earnings Yield (Joel Greenblatt) of Freedom Care Group Holdings was 11.57%. The lowest was -1.79%. And the median was 0.00%.
ASX:FCG's Earnings Yield (Joel Greenblatt) % is ranked worse than 66.08% of 684
companies
in the Healthcare Providers & Services industry
Industry Median: 2.6
vs ASX:FCG: -1.79
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) %. Freedom Care Group Holdings'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.
Freedom Care Group Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Freedom Care Group Holdings'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.
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Freedom Care Group Holdings Earnings Yield (Joel Greenblatt) % Chart
Freedom Care Group Holdings Annual Data
Trend
Jun21
Jun22
Earnings Yield (Joel Greenblatt) %
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Freedom Care Group Holdings Semi-Annual Data
Jun21
Jun22
Dec22
Dec23
Earnings Yield (Joel Greenblatt) %
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Competitive Comparison of Freedom Care Group Holdings's Earnings Yield (Joel Greenblatt) %
For the Medical Care Facilities subindustry, Freedom Care Group Holdings'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.
Freedom Care Group Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Freedom Care Group Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Freedom Care Group Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Freedom Care Group Holdings 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.
Freedom Care Group Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2022 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Freedom Care Group Holdings (ASX:FCG) 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.
Freedom Care Group Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Freedom Care Group Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Freedom Care Group Holdings (ASX:FCG) Business Description
Freedom Care Group Holdings Ltd is a national disability insurance scheme services provider that provides a full suite of allied health and care services to individuals accepted into the NDIS particularly in the greater Sydney areas. It is organized into three service areas such as Core Supports, Capacity Building Supports and Capital Supports. Core Supports: assist Participants with everyday activities, current disability-related needs and work towards a Participant's goals. Capacity Building Supports: assist Participants to increase independence and develop skills to assist them to pursue their goals and Capital Supports: includes higher-cost pieces of assistive technology, equipment and home or vehicle modifications, and funding for one-off capital purchases that participants require.
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