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FIGS's Enterprise Value for the quarter that ended in Dec. 2023 was $980.1 Mil. FIGS's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $34.0 Mil. FIGS's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 3.47%.
The historical rank and industry rank for FIGS's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of FIGS was 5.41%. The lowest was 0.09%. And the median was 2.20%.
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) %. FIGS'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.
The historical data trend for FIGS'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.
FIGS Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Earnings Yield (Joel Greenblatt) % | - | - | 0.23 | 3.84 | 3.47 |
FIGS 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 | 3.84 | 3.04 | 1.98 | 2.94 | 3.47 |
For the Apparel Manufacturing subindustry, FIGS'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.
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, FIGS's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where FIGS's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
FIGSs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | 34.045 | / | 980.11895 | |
= | 3.47 % |
FIGS'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 $34.0 Mil.
FIGS (NYSE:FIGS) 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.
Thank you for viewing the detailed overview of FIGS's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Daniella Turenshine | officer: Chief Financial Officer | C/O FIGS, INC., 2834 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404 |
Heather L. Hasson | director, 10 percent owner, officer: Co-Chief Executive Officer | C/O G SQUARED ASCEND MANAGEMENT I, LLC, 205 N MICHIGAN AVENUE SUITE 3770, CHICAGO IL 60601 |
Mario Jesus Marte | director | C/O CHEWY, INC., 7700 WEST SUNRISE BLVD, PLANTATION FL 33322 |
Catherine Eva Spear | director, 10 percent owner, officer: Co-Chief Executive Officer | 16 FUNSTON AVENUE, SUITE A, THE PRESIDIO OF SAN FRANCISCO, SAN FRANCISCO CA 94129 |
Michael J Soenen | director | C/O FIGS INC., 2824 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404 |
Thomas Tull | 10 percent owner | 27 N. WACKER DRIVE #523, CHICAGO IL 60606 |
Jeffrey A Wilke | director | PO BOX 81226, SEATTLE WA 98108-1226 |
Alan G Lafley | director | C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405 |
Kenneth Jian-hong Lin | director | C/O FIGS, INC., 2834 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404 |
Tulco, Llc | 10 percent owner | 1000 COMMERCE DRIVE, 2ND FLOOR, PITTSBURGH PA 15275 |
Viking Global Investors Lp | 10 percent owner | 600 WASHINGTON BLVD., FLOOR 11, STAMFORD CT 06901 |
Sheila Antrum | director | 5830 GRANITE PARKWAY, SUITE 1150, PLANO TX 75024 |
John Martin Willhite | director | C/O FIGS, INC., 2824 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404 |
Christopher Peter Varelas | director | C/O FIGS, INC., 2824 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404 |
Jeffrey D Lawrence | officer: Chief Financial Officer | 30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105 |
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