Loop Industries (FRA:3L9) 5-Year Yield-on-Cost % : 0.00 (As of Jun. 07, 2024)

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What is Loop Industries 5-Year Yield-on-Cost %?

Loop Industries's yield on cost for the quarter that ended in Feb. 2024 was 0.00.

The historical rank and industry rank for Loop Industries's 5-Year Yield-on-Cost % or its related term are showing as below:

FRA:3L9's 5-Year Yield-on-Cost % is not ranked ^*
in the Chemicals industry.
Industry Median: 2.35
* Ranked among companies with meaningful 5-Year Yield-on-Cost % only.

Competitive Comparison of Loop Industries's 5-Year Yield-on-Cost %

For the Specialty Chemicals subindustry, Loop Industries's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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.

Loop Industries's 5-Year Yield-on-Cost % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Loop Industries's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Loop Industries's 5-Year Yield-on-Cost % falls into.

Loop Industries 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Loop Industries is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Loop Industries (FRA:3L9) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.

Loop Industries 5-Year Yield-on-Cost % Related Terms

Thank you for viewing the detailed overview of Loop Industries's 5-Year Yield-on-Cost % provided by GuruFocus.com. Please click on the following links to see related term pages.

Loop Industries (FRA:3L9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Loop Industries Inc (FRA:3L9) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

LOOP:USA

Address

480 Fernand-Poitras, Terrebonne, QC, CAN, J6Y 1Y4

Website

http://www.loopindustries.com

Loop Industries Inc is a technology and licensing company whose mission is to accelerate the world's shift toward sustainable plastic and away from dependence on fossil fuels. The company owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). Its monomers are filtered, purified and repolymerized to create virgin-quality Loop branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives.

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