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Broadwind (Broadwind) Earnings Yield (Joel Greenblatt) % : 11.79% (As of Dec. 2023)


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What is Broadwind Earnings Yield (Joel Greenblatt) %?

Broadwind's Enterprise Value for the quarter that ended in Dec. 2023 was $94.1 Mil. Broadwind's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $11.1 Mil. Broadwind's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 11.79%.

The historical rank and industry rank for Broadwind's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

BWEN' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -66.45   Med: -5.95   Max: 13.81
Current: 13.7

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Broadwind was 13.81%. The lowest was -66.45%. And the median was -5.95%.

BWEN's Earnings Yield (Joel Greenblatt) % is ranked better than
86.3% of 3037 companies
in the Industrial Products industry
Industry Median: 4.49 vs BWEN: 13.70

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) %. Broadwind's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.


Broadwind Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Broadwind'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.

Broadwind Earnings Yield (Joel Greenblatt) % Chart

Broadwind Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.89 0.33 5.88 -11.22 11.79

Broadwind 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -11.22 -2.47 0.79 5.92 11.79

Competitive Comparison of Broadwind's Earnings Yield (Joel Greenblatt) %

For the Specialty Industrial Machinery subindustry, Broadwind'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.


Broadwind's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Broadwind's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Broadwind's Earnings Yield (Joel Greenblatt) % falls into.



Broadwind 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.

Broadwinds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=11.091/94.056928
=11.79 %

Broadwind'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 $11.1 Mil.



Broadwind  (NAS:BWEN) 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.


Broadwind Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Broadwind's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Broadwind (Broadwind) Business Description

Industry
Traded in Other Exchanges
Address
3240 S. Central Avenue, Cicero, IL, USA, 60804
Broadwind Inc is a precision manufacturer of structures, equipment and components for clean technology and other specialized applications. The company provide technologically high value products to customers with complex systems and stringent quality standards that operate in energy, mining and infrastructure sectors, in the United States of America. It capabilities include heavy fabrications, welding, metal rolling, coatings, gear cutting and shaping, gearbox manufacturing and repair, heat treat, assembly, engineering and packaging solutions. It operates through three operating segments namely Heavy Fabrications, Gearing and Industrial Solutions.
Executives
Sachin M Shivaram director 3240 S. CENTRAL AVENUE, CICERO IL 60804
Thomas A. Wagner director 66 WEYRICK ROAD, TROY NY 12180
Hayes M. Kennedy officer: Chief Human Resources Officer 3240 S. CENTRAL AVE., CICERO IL 60804
Jeanette A. Press director 550 WEST ADAMS STREET, CHICAGO IL 60661
Cary B Wood director 425 NORTH MARTINGALE ROAD, SUITE 1000, SCHAUMBURG IL 60173
Eric B. Blashford officer: Pres., Broadwind Towers, Inc. 3240 S. CENTRAL AVE., CICERO IL 60804
Daniel E. Schueller officer: Pres., Brad Foote Gear Works 3240 S. CENTRAL AVE., CICERO IL 60804
Stephanie K Kushner officer: Chief Financial Officer
Thomas A Ciccone officer: VP and Principal Acct Officer 3240 S. CENTRAL AVENUE, CICERO IL 60804
David P Reiland director N49 W13650 CAMPBELL DRIVE, MENOMONEE FALLS WI 53051
Jason Lee Bonfigt officer: VP and Corporate Controller 3240 S. CENTRAL AVE., CICERO IL 60804
Wayne W. Hanna officer: Pres., Brad Foote Gear Works 3240 S. CENTRAL AVE., CICERO IL 60804
Philip J Christman director 3240 S. CENTRAL AVENUE, CICERO IL 60804
Mayo Gilbert W. Jr. officer: Pres., Process Systems 3240 S. CENTRAL AVE., CICERO IL 60804
Joseph V. Reisinger officer: VP, Business Development 3240 S. CENTRAL AVE., CICERO IL 60804