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Ichor Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was $1,196.3 Mil. Ichor Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-11.7 Mil. Ichor Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -0.98%.
The historical rank and industry rank for Ichor Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 10 years, the highest Earnings Yield (Joel Greenblatt) of Ichor Holdings was 13.59%. The lowest was -1.01%. And the median was 5.89%.
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) %. Ichor Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 5.30%. 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 Ichor Holdings'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.
Ichor Holdings Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial |
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1.69 | 5.13 | 5.14 | 8.39 | -0.98 |
Ichor Holdings Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | 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 |
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8.39 | 6.55 | 3.84 | 1.22 | -0.98 |
For the Semiconductor Equipment & Materials subindustry, Ichor Holdings'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 Semiconductors industry and Technology sector, Ichor Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ichor Holdings'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.
Ichor Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | -11.699 | / | 1196.290502 | |
= | -0.98 % |
Ichor Holdings'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 $-11.7 Mil.
Ichor Holdings (NAS:ICHR) 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 Ichor Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Barros Philip Ryan Sr. | officer: Chief Technology Officer | 3185 LAUREL VIEW CT., FREMONT CA 94538 |
Thomas M Rohrs | director, officer: Chief Executive Officer | 2 RESULTS WAY, CUPERTINO CA 95014 |
Greg Swyt | officer: Chief Financial Officer | C/O ONTO INNOVATION INC., 16 JONSPIN ROAD, WILMINGTON MA 01887 |
Christopher Smith | officer: Chief Commercial Officer | 3560 BASSETT STREET, SANTA CLARA CA 95054 |
Marc Haugen | director | C/O CEPHEID, 904 CARIBBEAN DRIVE, SUNNYVALE CA 94089 |
Bruce Ragsdale | officer: Chief Operating Officer | 3185 LAURELVIEW CT, FREMONT CA 94538 |
Jorge Titinger | director | 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551 |
Iain Mackenzie | director | C/O SMART GLOBAL HOLDINGS, INC., 39870 EUREKA DRIVE, NEWARK CA 94560 |
Paul Chhabra | officer: Chief Operating Officer | 9255 COVERDALE ROAD, FORT WAYNE IN 46809 |
Kevin M. Canty | officer: Chief Operating Officer | 3185 LAURELVIEW CT., FREMONT CA 94538 |
Yuval Wasserman | director | 1625 SHARP POINT DRIVE, FORT COLLINS CO 80525 |
Sarah A O'dowd | director | 3185 LAURELVIEW COURT, FREMONT CA 94538 |
Wendy Arienzo | director | 5245 HELLYER AVE, SAN JOSE CA 95138 |
Larry J Sparks | officer: Chief Financial Officer | 3185 LAURELVIEW CT, FREMONT CA 94538 |
Laura A. Black | director | 3000 SAND HILL ROAD, BLDG. 1, SUITE 240, MENLO PARK CA 94025 |
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