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Astronics Earnings Yield (Joel Greenblatt) %

: -3.33% (As of Mar. 2022)
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Astronics's Enterprise Value for the quarter that ended in Mar. 2022 was $542.4 Mil. Astronics's EBIT for the trailing twelve months (TTM) ended in Mar. 2022 was $-18.1 Mil. Astronics's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2022 was -3.33%.

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

ATRO' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -14.08   Med: 5.07   Max: 15
Current: -3.75

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Astronics was 15.00%. The lowest was -14.08%. And the median was 5.07%.

ATRO's Earnings Yield (Joel Greenblatt) % is ranked worse than
74.2% of 283 companies
in the Aerospace & Defense industry
Industry Median: 1.69 vs ATRO: -3.75

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) %. Astronics's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2022 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.


Astronics Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Astronics'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.

Astronics Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.41 5.26 1.22 -2.43 -6.36

Astronics Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 -6.51 -4.41 -4.29 -6.36 -3.33

Competitive Comparison

For the Aerospace & Defense subindustry, Astronics'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.

   

Astronics Earnings Yield (Joel Greenblatt) % Distribution

For the Aerospace & Defense industry and Industrials sector, Astronics's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Astronics 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.

Astronicss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-33.688/529.7738
=-6.36 %

Astronics's EBIT for the trailing twelve months (TTM) ended in Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-18.1 Mil.



Astronics  (NAS:ATRO) 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.


Astronics Earnings Yield (Joel Greenblatt) % Related Terms

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


Astronics Business Description

Astronics logo
Industry
Traded in Other Exchanges
Address
130 Commerce Way, East Aurora, NY, USA, 14052
Astronics Corp supplies products to the aerospace, defense, and other industries. The company has two reportable segments namely Aerospace and Test Systems. The aerospace segment serves three primary markets: military, commercial transport and business jet markets. Test Systems segment serves the aerospace, defense, and semiconductor markets. The company generates a majority of its revenue from the Aerospace segment. Geographically, it generates a majority of its revenue from the United States.
Executives
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

Astronics Headlines

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