Market Cap : 367.32 M | Enterprise Value : 487.11 M | PE Ratio : At Loss | PB Ratio : 1.44 |
---|
NAS:ATRO has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
NAS:ATRO has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Astronics's forward rate of return for was 0.00%.
The historical rank and industry rank for Astronics's Forward Rate of Return (Yacktman) % or its related term are showing as below:
During the past 13 years, Astronics's highest Forward Rate of Return was 25.64. The lowest was -6.94. And the median was 21.38.
ATRO's Forward Rate of Return (Yacktman) % is ranked worse thanUnlike the Earnings Yield %, 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.
The historical data trend for Astronics's Forward Rate of Return (Yacktman) % 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.
For the Aerospace & Defense subindustry, Astronics's Forward Rate of Return (Yacktman) %, along with its competitors' market caps and Forward Rate of Return (Yacktman) % 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.
For the Aerospace & Defense industry and Industrials sector, Astronics's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Astronics's Forward Rate of Return (Yacktman) % falls into.
Forward Rate of Return is a concept that Don Yacktman uses in his investment approach. Yacktman explained the forward rate of return concept in detail in his interview with GuruFocus. Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. He said in the interview (March 2012, when the S&P 500 was at about 1400):
If the business is stable, this calculation is fairly straightforward. For instance, on the S&P 500 we would normalize earnings. We would then calculate what percentage of those earnings are not reinvested in the underlying businesses and are therefore free. Historically, for the S&P 500, this has been just under 50% of earnings. Currently, we expect the S&P to earn about 70 on a normalized basis, a number which is far below reported earnings due to our adjusting for record high profit margins. $70 X ½ / 1400 gives you a normalized free cash flow yield of approximately 2.5%.
The historical real growth rate of the S&P 500 (companies) is about 1.5%. Assuming an inflation rate of 2.5%, the forward rate of return on an investment in the S&P 500 is about 6.5% today (2.5% free cash flow yield plus 1.5% real growth plus 2.5% inflation).
Astronics's Forward Rate of Return of Jun. 2022 is
Forward Rate of Return | = | Normalized Free Cash Flow | / | Price | + | 5-Year EBITDA Growth Rate |
= | 1.18704762 | / | 0 | + | -0.1327 | |
= | 0 % |
* 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.
Unlike the Earnings Yield, the Forward Rate of Return uses the normalized Free Cash Flow of the past five 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.
For the growth part of the Forward Rate of Return calculation, GuruFocus uses the 5-year average growth rate of EBITDA per share as the growth rate, and the growth rate is always capped at 20%. For the Free Cash Flow we use per share data averaged over five years. The reason we use five years is to make it comparable to the growth rate.
In the Forward Rate of Return calculation, the growth rate is added directly to today's free cash flow yield. Therefore the calculation is reliable only if the company can grow at the same rate in the future as it did in the past. Investors should pay close attention to this when researching growth stocks. A more accurate measurement for return is Return on Capital.
Thank you for viewing the detailed overview of Astronics's Forward Rate of Return (Yacktman) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Keane Robert S | director, 10 percent owner | VISTAPRINT USA, INCORPORATED 100 HAYDEN AVE. LEXINGTON MA 02421 |
Calaway Tonit M | director | HARLEY-DAVIDSON MOTOR COMPANY 3700 WEST JUNEAU AVENUE MILWAUKEE WI 53208 |
Kuehn Michael C | officer: Executive Vice President | 130 COMMERCE WAY EAST AURORA NY 14052 |
Moran Mark J | director | 1600 SMITH STREET HQSEO HOUSTON TX 77002 |
Keane Daniel G | 10 percent owner | 1801 ELMWOOD AVE BUFFALO NY 14207 |
5096 Saranac Llc | 10 percent owner | 1801 ELMWOOD AVENUE SUITE 1 BUFFALO NY 14207-2463 |
Mulato James | other: Pres Astronics Test Systems | 4 GOODYEAR IRVINE CA 92677 |
Frisby Jeffry D | director | C/O QUAKER CHEMICAL CORPORATION ONE QUAKER PARK, 901 HECTOR STREET CONSHOHOCKEN PA 19428 |
Johnson Warren C | director | P.O. BOX 189 13133 BEAR ROAD WALES CENTER NY 14169 |
Kim Neil Y. | director | MARVELL SEMICONDUCTOR, INC. 5488 MARVELL LANE SANTA CLARA CA 95054 |
Kevin T. Keane 2016 Grat | 10 percent owner | 1801 ELMWOOD AVENUE, SUITE 1 BUFFALO NY 14207-2463 |
Hedges Nancy L | officer: Principal Accounting Officer | 130 COMMERCE WAY EAST AURORA NY 14052 |
Peabody Mark | officer: VP Astronics Advanced Electron | 130 COMMERCE WAY EAST AURORA NY 14052 |
Kramer James S | officer: VP Luminescent Systems, Inc. | 130 COMMERCE WAY EAST AURORA NY 14052 |
Boushie Raymond W | director | 124 LUUREL LANE PONTE VEDRA BEACH FL 32082 |
From GuruFocus
Other Sources
By Zacks 2022-02-01
By Zacks 2021-11-08
By Zacks 2020-06-03
By Zacks 2020-08-25
By Zacks 2021-09-21
By tipranks.com 2022-02-09
By Seekingalpha 2021-07-13
By Zacks 2020-07-09
By Zacks 2020-05-15
By Zacks 2020-05-20