What is Altice USA Earnings Yield (Joel Greenblatt) %?
Altice USA's Enterprise Value for the quarter that ended in Dec. 2023 was $26,507 Mil.
Altice USA's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $1,758 Mil. Altice USA's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 6.63%.
The historical rank and industry rank for Altice USA's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ATUS'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.21 Med: 4.58 Max: 8.15
Current: 6.78
During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of Altice USA was 8.15%. The lowest was 0.21%. And the median was 4.58%.
ATUS's Earnings Yield (Joel Greenblatt) % is ranked better than 58.15% of 399
companies
in the Telecommunication Services industry
Industry Median: 5.51
vs ATUS: 6.78
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) %. Altice USA's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 70.40%. 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.
Altice USA Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Altice USA'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.
Altice USA Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Altice USA's Earnings Yield (Joel Greenblatt) %
For the Telecom Services subindustry, Altice USA'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.
Altice USA's Earnings Yield (Joel Greenblatt) % Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Altice USA's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Altice USA's Earnings Yield (Joel Greenblatt) % falls into.
Altice USA 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.
Altice USAs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Altice USA'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 $1,758 Mil.
Altice USA (NYSE:ATUS) 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.
Altice USA Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Altice USA's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Altice Europe acquired privately held U.S. cable company Suddenlink in 2015 and Cablevision in 2016. Suddenlink's networks provide television, internet access, and phone services to roughly 3.5 million U.S. homes and businesses located primarily in smaller markets, with major clusters in Texas, West Virginia, Idaho, Arizona, and Louisiana. Cablevision provides comparable services to about 5.5 million homes and business in the New York City metro area. Both regions operate under the Optimum brand name. Altice Europe spun off Altice USA, which includes both the Suddenlink and Cablevision operations, to shareholders in 2018. Altice USA also owns News 12 Networks, which broadcasts local news in New York, i24News, a news operation focused on the Middle East, and Cheddar, a news upstart.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ATUS has been successfully added to your 