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Spirit AeroSystems Holdings (Spirit AeroSystems Holdings) Earnings Yield (Joel Greenblatt) %

: -3.90% (As of Dec. 2023)
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Spirit AeroSystems Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was $7,045 Mil. Spirit AeroSystems Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-275 Mil. Spirit AeroSystems Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -3.90%.

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

SPR' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -19.35   Med: 4.65   Max: 28.03
Current: -3.83

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Spirit AeroSystems Holdings was 28.03%. The lowest was -19.35%. And the median was 4.65%.

SPR's Earnings Yield (Joel Greenblatt) % is ranked worse than
81.99% of 311 companies
in the Aerospace & Defense industry
Industry Median: 2.7 vs SPR: -3.83

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) %. Spirit AeroSystems Holdings'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.


Spirit AeroSystems Holdings Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Spirit AeroSystems Holdings'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.

Spirit AeroSystems Holdings 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 9.01 -14.37 -4.51 -4.60 -3.90

Spirit AeroSystems Holdings 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 -4.60 -7.16 -8.65 -12.32 -3.90

Competitive Comparison

For the Aerospace & Defense subindustry, Spirit AeroSystems Holdings'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.


Spirit AeroSystems Holdings Earnings Yield (Joel Greenblatt) % Distribution

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

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



Spirit AeroSystems Holdings 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.

Spirit AeroSystems Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-274.6/7045.39612
=-3.90 %

Spirit AeroSystems Holdings'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 $-275 Mil.



Spirit AeroSystems Holdings  (NYSE:SPR) 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.


Spirit AeroSystems Holdings Earnings Yield (Joel Greenblatt) % Related Terms

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Spirit AeroSystems Holdings (Spirit AeroSystems Holdings) Business Description

Traded in Other Exchanges
Address
3801 South Oliver Street, Wichita, KS, USA, 67210
Spirit AeroSystems manufactures aerostructures, particularly fuselages, cockpits, wing sections, engine pylons, and nacelles for commercial and military aircraft. The company was spun out of Boeing in 2005, and the firm is the largest independent supplier of aerostructures for commercial aircraft. Boeing and Airbus are the firm's primary customers—Boeing represented roughly 60% and Airbus roughly 20% of revenue in recent years. The company is highly exposed to Boeing's 737 program, which accounts for nearly half the company's revenue.
Executives
Alan W Young officer: SVP Fab & Procurement Officer 3801 S. OLIVER, MC K11-60, WICHITA KS 67210
Sean Black officer: SVP, Engineering 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mindy Mcpheeters officer: SVP, GC/Corp Sec 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Justin Welner officer: SVP, CAO & CCO 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mark Miklos officer: SVP, Defense & Space 3801 S. OLIVER, MC K11-60, WICHITA KS 67210
Kailash Krishnaswamy officer: SVP, Aftermarket 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Robert D Johnson director HONEYWELL, 1944 E SKY HARBOR CIRCLE, PHOENIX AZ 85034
Ray James R Jr director COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Fitzgerald William Augustus Iii director 3801 S OLIVER, MC K11-60, WICHITA KS 67210
Patrick M Shanahan director C/O RESILIENCE CAPITAL PARTNERS LLC, 25101 CHAGRIN BLVD 350, BEACHWOOD OH 44122
Terry J George officer: SVP, Boeing 737 Program 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Damon Christopher Ward officer: Interim Corporate Controller 3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210
Stephen Anthony Cambone director 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mcmullen Victor Rodney Jr officer: SVP, Wichita & Oklahoma Ops 3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210
Scott Mclarty officer: SVP, Airbus Programs 3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210

Spirit AeroSystems Holdings (Spirit AeroSystems Holdings) Headlines