What is Molecular Partners AG Earnings Yield (Joel Greenblatt) %?
Molecular Partners AG's Enterprise Value for the quarter that ended in Dec. 2023 was CHF-70.22 Mil.
Molecular Partners AG's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was CHF-61.95 Mil. Molecular Partners AG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 88.50%.
The historical rank and industry rank for Molecular Partners AG's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XSWX:MOLN'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -450.57 Med: -8.35 Max: 272.33
Current: 80.65
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of Molecular Partners AG was 272.33%. The lowest was -450.57%. And the median was -8.35%.
XSWX:MOLN's Earnings Yield (Joel Greenblatt) % is not ranked
in the Biotechnology industry.
Industry Median: -14.77
vs XSWX:MOLN: 80.65
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) %. Molecular Partners AG'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.
Molecular Partners AG Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Molecular Partners AG'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.
Molecular Partners AG Earnings Yield (Joel Greenblatt) % Chart
For the Biotechnology subindustry, Molecular Partners AG'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.
Molecular Partners AG's Earnings Yield (Joel Greenblatt) % Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Molecular Partners AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Molecular Partners AG's Earnings Yield (Joel Greenblatt) % falls into.
Molecular Partners AG 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.
Molecular Partners AGs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Molecular Partners AG'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 CHF-61.95 Mil.
Molecular Partners AG (XSWX:MOLN) 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.
Molecular Partners AG Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Molecular Partners AG's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Molecular Partners AG (XSWX:MOLN) Business Description
Molecular Partners AG is a clinical stage biopharmaceutical company. The company focuses on the discovery, development and prospective commercialization of a new class of biopharmaceutical products. The firm develops protein therapeutics called DARPin therapeutics for the treatment of serious diseases, including cancer and sight-threatening disorders. The company's product pipeline is organized principally through three areas: Ophthalmology, including the creation of therapies for retinal diseases like wet age-related macular degeneration and diabetic macular edema; the Oncology pipeline comprises DARPin candidates with novel modes of action, including multi-DARPin compounds; and Immuno-oncology for anticancer treatment.
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