What is Unique Fabricating Earnings Yield (Joel Greenblatt) %?
Unique Fabricating's Enterprise Value for the quarter that ended in Sep. 2022 was $53.4 Mil.
Unique Fabricating's EBIT for the trailing twelve months (TTM) ended in Sep. 2022 was $-19.3 Mil. Unique Fabricating's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2022 was -36.10%.
The historical rank and industry rank for Unique Fabricating's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
UFABQ'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -40.82 Med: 0 Max: 0
Current: -40.82
UFABQ's Earnings Yield (Joel Greenblatt) % is not ranked
in the Vehicles & Parts industry.
Industry Median: 5.69
vs UFABQ: -40.82
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) %. Unique Fabricating's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2022 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.
Unique Fabricating Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Unique Fabricating'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.
Competitive Comparison of Unique Fabricating's Earnings Yield (Joel Greenblatt) %
For the Auto Parts subindustry, Unique Fabricating'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.
Unique Fabricating's Earnings Yield (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Unique Fabricating's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Unique Fabricating'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.
Unique Fabricatings Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as
Unique Fabricating's EBIT for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-19.3 Mil.
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.
Unique Fabricating Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Unique Fabricating's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Unique Fabricating (Unique Fabricating) Business Description
Unique Fabricating Inc is engaged in the engineering and manufacture of multi-material foam, rubber, and plastic components utilized in noise, vibration and harshness, acoustical management, water and air sealing, decorative and other functional applications. Its products are air management products, heating ventilating and air conditioning, seals, fender stuffers, air ducts, acoustical insulation, door water shields, gas tank pads, light gaskets, topper pads, mirror gaskets, glove box liners, personal protection equipment, and packaging. It derives net sales from the sales of foam, rubber plastic, and tape adhesive related automotive products produced by manufacturing processes including die cutting, compression molding, thermoforming, reaction injection molding and fusion molding.
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