What is Fluence Energy Earnings Yield (Joel Greenblatt) %?
Fluence Energy's Enterprise Value for the quarter that ended in Dec. 2023 was $2,885 Mil.
Fluence Energy's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-106 Mil. Fluence Energy's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -3.66%.
The historical rank and industry rank for Fluence Energy's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FLNC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -891.02 Med: -9.56 Max: -4.1
Current: -4.77
During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of Fluence Energy was -4.10%. The lowest was -891.02%. And the median was -9.56%.
FLNC's Earnings Yield (Joel Greenblatt) % is ranked worse than 83.63% of 446
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.595
vs FLNC: -4.77
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) %. Fluence 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.
Fluence Energy Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Fluence 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.
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Fluence Energy Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Fluence Energy's Earnings Yield (Joel Greenblatt) %
For the Utilities - Renewable subindustry, Fluence 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.
Fluence Energy's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Fluence Energy's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Fluence Energy's Earnings Yield (Joel Greenblatt) % falls into.
Fluence 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.
Fluence Energys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2023 is calculated as
Fluence Energy's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-106 Mil.
Fluence Energy (NAS:FLNC) 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.
Fluence Energy Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Fluence Energy's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Fluence Energy (Fluence Energy) Business Description
Fluence Energy Inc is enabling the global clean energy transition with market-leading energy storage products and services, and digital applications for renewables and storage. Geographically, it derives a majority of its revenue from the Americas.
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