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Willis Lease Finance (Willis Lease Finance) Earnings Yield (Joel Greenblatt) %

: 6.85% (As of Dec. 2023)
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Willis Lease Finance's Enterprise Value for the quarter that ended in Dec. 2023 was $2,130.6 Mil. Willis Lease Finance's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $145.9 Mil. Willis Lease Finance's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 6.85%.

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

WLFC' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.61   Med: 6   Max: 11.49
Current: 6.91

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Willis Lease Finance was 11.49%. The lowest was 2.61%. And the median was 6.00%.

WLFC's Earnings Yield (Joel Greenblatt) % is ranked better than
57.79% of 1111 companies
in the Business Services industry
Industry Median: 5.73 vs WLFC: 6.91

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) %. Willis Lease Finance's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was -45.87%. 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.


Willis Lease Finance Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Willis Lease Finance'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.

Willis Lease Finance Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.62 4.34 3.82 3.44 6.85

Willis Lease Finance 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) % 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 Premium Member Only Premium Member Only Premium Member Only 3.44 5.14 5.92 6.68 6.85

Competitive Comparison

For the Rental & Leasing Services subindustry, Willis Lease Finance'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.


Willis Lease Finance Earnings Yield (Joel Greenblatt) % Distribution

For the Business Services industry and Industrials sector, Willis Lease Finance's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Willis Lease Finance 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.

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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=145.925/2130.58912
=6.85 %

Willis Lease Finance'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 $145.9 Mil.



Willis Lease Finance  (NAS:WLFC) 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.


Willis Lease Finance Earnings Yield (Joel Greenblatt) % Related Terms

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


Willis Lease Finance (Willis Lease Finance) Business Description

Traded in Other Exchanges
N/A
Address
4700 Lyons Technology Parkway, Coconut Creek, FL, USA, 33073
Willis Lease Finance Corp with its subsidiaries is a lessor and servicer of commercial aircraft and aircraft engines. The company has two reportable business segments namely Leasing and Related Operations which involves acquiring and leasing, pursuant to operating leases, commercial aircraft, aircraft engines and other aircraft equipment and the selective purchase and resale of commercial aircraft engines and other aircraft equipment and other related businesses and Spare Parts Sales segment involves the purchase and resale of after-market engine parts, whole engines, engine modules and portable aircraft components.
Executives
Willis Charles F Iv director, 10 percent owner, officer: Executive Chairman 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Scott B. Flaherty officer: SVP, CFO 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Brian Richard Hole officer: President 4700 LYONS TECHNOLOGY, SUITE 2215, COCONUT CREEK FL 33073
Hans Jorg Hunziker director 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Austin Chandler Willis director 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Rae Ann Mckeating director PO BOX 593, MCCALL ID 83638
Robert J. Keady director 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Robert T Morris director 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Dean Michael Poulakidas officer: SVP, Gen. Counsel, Secretary 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Anthony R. Spaulding officer: SVP, Technical Services 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998
Donald A Nunemaker officer: EVP, General Mgr. Leasing 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998
Bradley Stewart Forsyth officer: SVP, CFO 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998
Ernest J. Furtado officer: Interim CFO 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998
Coon W William Jr director 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998
Judith M Webber officer: SVP, Technical Services 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998