What is Winnebago Industries Earnings Yield (Joel Greenblatt) %?
Winnebago Industries's Enterprise Value for the quarter that ended in Feb. 2024 was $2,570 Mil.
Winnebago Industries's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was $177 Mil. Winnebago Industries's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was 6.90%.
The historical rank and industry rank for Winnebago Industries's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
WGO'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.44 Med: 10.6 Max: 30.32
Current: 7.52
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Winnebago Industries was 30.32%. The lowest was 3.44%. And the median was 10.60%.
WGO's Earnings Yield (Joel Greenblatt) % is ranked better than 58.42% of 1306
companies
in the Vehicles & Parts industry
Industry Median: 5.72
vs WGO: 7.52
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) %. Winnebago Industries's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2024 was 27.85%. 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.
Winnebago Industries Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Winnebago Industries'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.
Competitive Comparison of Winnebago Industries's Earnings Yield (Joel Greenblatt) %
For the Recreational Vehicles subindustry, Winnebago Industries'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.
Winnebago Industries's Earnings Yield (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Winnebago Industries's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Winnebago Industries's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Winnebago Industriess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2023 is calculated as
Winnebago Industries's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $177 Mil.
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.
Winnebago Industries Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Winnebago Industries's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Winnebago Industries (Winnebago Industries) Business Description
Winnebago Industries manufactures Class A, B, and C motor homes along with towables, customized specialty vehicles, boats, and parts. Headquartered in Eden Prairie, Minnesota, Winnebago has been producing recreational vehicles since 1958. Revenue was about $3.5 billion in fiscal 2023. Winnebago expanded into towables in 2011 with the acquisition of SunnyBrook and acquired Grand Design in November 2016. Towables made up 79% of the firm's RV unit volume, up from 31% in fiscal 2016. The company's total RV unit volume was 39,447 in fiscal 2023. Winnebago expanded into boating in 2018 with the purchase of Chris-Craft, bought premium motor home maker Newmar in November 2019, and bought Barletta pontoon boats in August 2021. It also is developing electric and autonomous technology.
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