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Traeger (Traeger) Earnings Yield (Joel Greenblatt) % : -6.62% (As of Dec. 2023)


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What is Traeger Earnings Yield (Joel Greenblatt) %?

Traeger's Enterprise Value for the quarter that ended in Dec. 2023 was $772.4 Mil. Traeger's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-51.1 Mil. Traeger's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -6.62%.

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

COOK' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -46.36   Med: -10.45   Max: 2.37
Current: -7.32

During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of Traeger was 2.37%. The lowest was -46.36%. And the median was -10.45%.

COOK's Earnings Yield (Joel Greenblatt) % is ranked worse than
89.4% of 434 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 5.77 vs COOK: -7.32

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) %. Traeger'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.


Traeger Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Traeger'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.

Traeger Earnings Yield (Joel Greenblatt) % Chart

Traeger Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
- - -3.47 -44.05 -6.62

Traeger Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -44.05 -35.97 -25.91 -7.28 -6.62

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

For the Furnishings, Fixtures & Appliances subindustry, Traeger'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.


Traeger's Earnings Yield (Joel Greenblatt) % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Traeger's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Traeger 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.

Traegers Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-51.142/772.39045
=-6.62 %

Traeger'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 $-51.1 Mil.



Traeger  (NYSE:COOK) 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.


Traeger Earnings Yield (Joel Greenblatt) % Related Terms

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


Traeger (Traeger) Business Description

Traded in Other Exchanges
N/A
Address
1215 E Wilmington Avenue, Suite 200, Salt Lake City, UT, USA, 84106
Traeger Inc designs, sources, sells, and supports wood pellet fueled barbeque grills sold to retailers, distributors, and direct to consumers. It produces and sells the pellets used to fire the grills and also sells Traeger-branded rubs, spices, and sauces, as well as grill accessories including covers, barbeque tools, trays, liners, and merchandise. The company's geographical segments include North America and the Rest of the world, of which majority of revenue is from North America.
Executives
Hardy James H Jr officer: Chief Supply Chain Officer C/O TRAEGER, 1215 E. WILMINGTON AVENUE, SUITE 200, SALT LAKE CITY UT 84106
Dominic Blosil officer: Chief Financial Officer C/O TAEGER, 1215 E WILMINGTON AVENUE, SUITE 200, SALT LAKE CITY UT 84106
Jeremy Andrus director, officer: Chief Executive Officer C/O TRAEGER, 1215 E. WILMINGTON AVENUE, SUITE 200, SALT LAKE CITY UT 84106
Steven Philip Richman director C/O TRAEGER INC., 1215 E WILMINGTON AVE, SUITE 200, SALT LAKE CITY UT 84106
Ontario Teachers Pension Plan Board 10 percent owner 5650 YONGE STREET, TORONTO A6 M2M 4H5
Trilantic Capital Management L.p. 10 percent owner, other: See Remarks 399 PARK AVENUE, 39TH FLOOR, NEW YORK NY 10022
Wendy A. Beck director C/O NORWEGIAN CRUISE LINE HOLDINGS LTD., 7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Elizabeth Cahill Lempres director TWO COMMERCE SQUARE, 2001 MARKET STREET, SUITE 3600, PHILADELPHIA PA 19103
Wayne Marino director C/O TRAEGER, INC., 1215 E WILMINGTON AVE., SUITE 200, SALT LAKE CITY UT 84106
Aea Investors Fund Vi Lp 10 percent owner 666 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10103
Ralph Alvarez director ELI LILLY AND COMPANY, LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285
Aea Investors Executive Partners Vi Llc 10 percent owner 520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022
Aea Investors Partners Vi Lp 10 percent owner 520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022
Aea Investors Executive Fund Vi Lp 10 percent owner 666 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10103
Aea Fund Vi Stockholder Representative Corp. 10 percent owner 520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022