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Douglas Dynamics (Douglas Dynamics) Earnings Yield (Joel Greenblatt) %

: 4.91% (As of Dec. 2023)
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Douglas Dynamics's Enterprise Value for the quarter that ended in Dec. 2023 was $914.7 Mil. Douglas Dynamics's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $44.9 Mil. Douglas Dynamics's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 4.91%.

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

PLOW' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8.52   Med: 5.88   Max: 14.61
Current: 6.08

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Douglas Dynamics was 14.61%. The lowest was -8.52%. And the median was 5.88%.

PLOW's Earnings Yield (Joel Greenblatt) % is ranked better than
51.87% of 1307 companies
in the Vehicles & Parts industry
Industry Median: 5.73 vs PLOW: 6.08

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) %. Douglas Dynamics'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.


Douglas Dynamics Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Douglas Dynamics'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.

Douglas Dynamics 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 5.32 -6.52 4.22 5.67 4.91

Douglas Dynamics 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 5.67 4.75 5.77 4.89 4.91

Competitive Comparison

For the Auto Parts subindustry, Douglas Dynamics'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.


Douglas Dynamics Earnings Yield (Joel Greenblatt) % Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Douglas Dynamics's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Douglas Dynamics 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.

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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=44.909/914.71312
=4.91 %

Douglas Dynamics'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 $44.9 Mil.



Douglas Dynamics  (NYSE:PLOW) 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.


Douglas Dynamics Earnings Yield (Joel Greenblatt) % Related Terms

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


Douglas Dynamics (Douglas Dynamics) Business Description

Traded in Other Exchanges
Address
11270 W Park Place, Suite 300, Milwaukee, WI, USA, 53224
Douglas Dynamics Inc is a manufacturer and upfitter of commercial vehicle attachments and equipment. The Company's portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand. The Company's portfolio also includes the upfit of attachments and storage solutions under the HENDERSON brand, and the DEJANA brand and its related sub-brands. The Company also leases fifteen manufacturing and upfit and service facilities located in Iowa, Maryland, Missouri, New Jersey, New York, Ohio, Pennsylvania, and Rhode Island. The Company conducts business in two segments: Work Truck Attachments and Work Truck Solutions.
Executives
Robert L Mccormick officer: President and CEO C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53233
James L Janik director C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53233
Genderen Mark Van officer: President - Work Truck Attm. C/O DOUGLAS DYNAMICS, INC., 11270 W. PARK PLACE, SUITE 300, MILWAUKEE WI 53224
Linda R Evans officer: VP of Human Resources 7777 N 73RD STREET, MILWAUKEE WI 53223
Jon J Sisulak officer: Controller 7777 N 73RD STREET, MILWAUKEE WI 53223
Sarah C Lauber officer: CFO and Secretary 833 EAST MICHIGAN STREET, SUITE 900, MILWAUKEE WI 53202
Joher Akolawala director 11270 W. PARK PLACE, SUITE 300, MILWAUKEE WI 53224
Keith Hagelin officer: VP, Operations C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53233
Jonathon P. Sievert officer: President - Henderson Products C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53223
Lisa R Bacus director 1601 CHESTNUT STREET, SHAREHOLDER SERVICES TL05Y, PHILADELPHIA PA 19192
Andrew Dejana officer: * See Remarks below C/O DOUGLAS DYNAMICS, INC., 777 NORTH 73RD STREET, MILWAUKEE WI 53223
Robert J Young officer: Controller C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53233
Mark Adamson officer: VP, Sales and Marketing C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53233
Michael W Wickham director C/O ROADWAY CORP, 1077 GORGE BLVD, AKRON OH 44310
Margaret S Dano director FLEETWOOD ENTERPRISES INC, 3125 MYERS STREET PO BOX 7638, RIVERSIDE CA 92513-7638

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