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Hanesbrands Earnings Yield (Joel Greenblatt) %

: 1.23% (As of Jun. 2021)
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Hanesbrands's Enterprise Value for the quarter that ended in Jun. 2021 was $9,964 Mil. Hanesbrands's EBIT for the trailing twelve months (TTM) ended in Jun. 2021 was $122 Mil. Hanesbrands's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2021 was 1.23%.

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

NYSE:HBI' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.49   Med: 6.68   Max: 11.65
Current: 1.23

-0.49
11.65

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Hanesbrands was 11.65%. The lowest was -0.49%. And the median was 6.68%.

NYSE:HBI's Earnings Yield (Joel Greenblatt) % is ranked lower than
65% of the 1075 Companies
in the Manufacturing - Apparel & Accessories industry.

( Industry Median: 4.17 vs. NYSE:HBI: 1.23 )

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) %. Hanesbrands's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2021 was -7.73%. 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.


Hanesbrands Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Hanesbrands'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.

Hanesbrands Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.32 6.35 10.38 9.59 -0.19

Hanesbrands Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 9.32 6.98 -0.19 1.00 1.23

Competitive Comparison

For the Apparel Manufacturing subindustry, Hanesbrands'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.

   

Hanesbrands Earnings Yield (Joel Greenblatt) % Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hanesbrands's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Hanesbrands 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.

Hanesbrandss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2020 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-16.631/8687.44416
=-0.19 %

Hanesbrands's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT (TTM)/Enterprise Value
=122.343/9,964
=1.23 %

Hanesbrands's EBIT for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $122 Mil.



Hanesbrands  (NYSE:HBI) 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.


Hanesbrands Earnings Yield (Joel Greenblatt) % Related Terms

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


Hanesbrands Business Description

Hanesbrands logo
Traded in Other Exchanges
Address
1000 East Hanes Mill Road, Winston-Salem, NC, USA, 27105
Hanesbrands manufactures basic and athletic apparel under brands including Hanes, Champion, Playtex, Bali, and Bonds. The company sells wholesale to discount, midmarket, and department store retailers as well as direct to consumers. Hanesbrands is vertically integrated as it produces more than 70% of its products in company-controlled factories in more than three dozen nations. Hanesbrands distributes products in the Americas, Europe, and Asia-Pacific. The company was founded in 1901 and is based in Winston-Salem, North Carolina.
Executives
Upchurch W Howard Jr officer: Group President, IW Americas 1000 EAST HANES MILL ROAD WINSTON SALEM NC 27106
Griffin Bobby J director C/O UNITED RENTALS, INC. 100 FIRST STAMFORD PL STE 700 STAMFORD CT 06902
Oliver Kristin L officer: Chief Human Resources Officer 11215 METRO PARKWAY FORT MYERS FL 33966
Ziegler Ann Elizabeth director ONE EAST WACKER DR CHICAGO IL 60601
Bratspies Stephen B director, officer: Chief Executive Officer 1000 E. HANES MILL ROAD WINSTON-SALEM NC 27105
Ram Jonathan officer: Group Pres., Global Activewear 1000 E. HANES MILL ROAD WINSTON-SALEM NC 27105
Bortolussi David L officer: Group Pres, Innerwear Intl 1000 E. HANES MILL ROAD WINSTON-SALEM NC 27105
Lewis Markland Scott officer: CAO and Interim CFO 1000 EAST HANES MILL ROAD LEGAL DEPARTMENT WINSTON-SALEM NC 27105
Faircloth Michael E. officer: Group Pres, Global Ops 1000 EAST HANES MILL ROAD WINSTON-SALEM NC 27105
Breig Geralyn director ONE OLD COUNTRY ROAD SUITE 500 CARLE PLACE NY 11514
Evans Gerald director, officer: Chief Executive Officer 1000 EAST HANES MILL ROAD WINSTON-SALEM NC 27105
Singer David V director 13024 BALLANTYNE CORPORATE PL SUITE 900 CHARLOTTE NC 28277
Moran Robert F director C/O GNC HOLDINGS, INC. 300 SIXTH AVENUE PITTSBURGH PA 15222
Johnson Joia M officer: Chief Admin Ofcr, GC&Corp Sec C/O HANESBRANDS INC. 1000 EAST HANES MILL ROAD WINSTON SALEM NC 27105
Moison Franck J director C/O COLGATE PALMOLIVE CO 300 PARK AVE 15TH FL NEW YORK NY 10022

Hanesbrands Headlines

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