GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newfoundland Discovery Corp (XCNQ:NEWD) » Definitions » Earnings Yield (Joel Greenblatt) %

Newfoundland Discovery (XCNQ:NEWD) Earnings Yield (Joel Greenblatt) % : -105.26% (As of Jan. 2024)


View and export this data going back to 1978. Start your Free Trial

What is Newfoundland Discovery Earnings Yield (Joel Greenblatt) %?

Newfoundland Discovery's Enterprise Value for the quarter that ended in Jan. 2024 was C$1.72 Mil. Newfoundland Discovery's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was C$-1.81 Mil. Newfoundland Discovery's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was -105.26%.

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

XCNQ:NEWD' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5207.21   Med: 90.86   Max: 4262.54
Current: -105.26

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Newfoundland Discovery was 4262.54%. The lowest was -5207.21%. And the median was 90.86%.

XCNQ:NEWD's Earnings Yield (Joel Greenblatt) % is ranked worse than
91.9% of 2680 companies
in the Metals & Mining industry
Industry Median: -11.695 vs XCNQ:NEWD: -105.26

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) %. Newfoundland Discovery's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 2024 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.


Newfoundland Discovery Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Newfoundland Discovery'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.

Newfoundland Discovery Earnings Yield (Joel Greenblatt) % Chart

Newfoundland Discovery Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -17.86 -4.99 -26.46 -11.95 -21.74

Newfoundland Discovery Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 -8.26 -21.74 -50.25 -120.48 -105.26

Competitive Comparison of Newfoundland Discovery's Earnings Yield (Joel Greenblatt) %

For the Gold subindustry, Newfoundland Discovery'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.


Newfoundland Discovery's Earnings Yield (Joel Greenblatt) % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Newfoundland Discovery's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Newfoundland Discovery 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.

Newfoundland Discoverys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Apr. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-1.435/6.605472
=-21.72 %

Newfoundland Discovery's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.81 Mil.



Newfoundland Discovery  (XCNQ:NEWD) 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.


Newfoundland Discovery Earnings Yield (Joel Greenblatt) % Related Terms

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


Newfoundland Discovery (XCNQ:NEWD) Business Description

Traded in Other Exchanges
Address
838 West Hastings Street,, Suite 700, Vancouver, BC, CAN, V6C 0A6
Newfoundland Discovery Corp is a junior mining exploration company. Its projects include the Grup Property, Bursey Property, Rodger's Cove Property, Johnathan's Pond Properties, Eastern Point Property, Wigwam Property, Goldson Gold Property, and the Southwest Pond Gold Property in Newfoundland; the Northbound Property, Northbound Extension, Southern Star Property, Valentine Mountain Property, Bouvier Property and the Chubb Lithium Property in Quebec.

Newfoundland Discovery (XCNQ:NEWD) Headlines

No Headlines