What is Helix Energy Solutions Group Earnings Yield (Joel Greenblatt) %?
Helix Energy Solutions Group's Enterprise Value for the quarter that ended in Dec. 2023 was $1,774 Mil.
Helix Energy Solutions Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $9 Mil. Helix Energy Solutions Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 1.63%.
The historical rank and industry rank for Helix Energy Solutions Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HLX'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -84.3 Med: 1.8 Max: 19.13
Current: 0.41
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Helix Energy Solutions Group was 19.13%. The lowest was -84.30%. And the median was 1.80%.
HLX's Earnings Yield (Joel Greenblatt) % is ranked worse than 65.45% of 1094
companies
in the Oil & Gas industry
Industry Median: 6.585
vs HLX: 0.41
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) %. Helix Energy Solutions Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was -5.29%. 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.
Helix Energy Solutions Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Helix Energy Solutions Group'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.
Helix Energy Solutions Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Helix Energy Solutions Group's Earnings Yield (Joel Greenblatt) %
For the Oil & Gas Equipment & Services subindustry, Helix Energy Solutions Group'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.
Helix Energy Solutions Group's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Helix Energy Solutions Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Helix Energy Solutions Group's Earnings Yield (Joel Greenblatt) % falls into.
Helix Energy Solutions Group 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.
Helix Energy Solutions Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Helix Energy Solutions Group'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 $9 Mil.
Helix Energy Solutions Group (NYSE:HLX) 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.
Helix Energy Solutions Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Helix Energy Solutions Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Helix Energy Solutions Group (Helix Energy Solutions Group) Business Description
Helix Energy Solutions Group Inc is an offshore energy services company. It provides specialty services to the offshore energy industry, with an emphasis on well intervention and robotics operations. Helix provides services primarily in deepwater in the Gulf of Mexico, Brazil, the North Sea, Asia Pacific and West Africa regions. It has four segments Well Intervention, Robotics Production Facilities and Shallow Water Abandonment. the Well Intervention segment includes vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico, the North Sea and Brazil. It derives the majority of its revenue from the US.
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