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Trigano (XPAR:TRI) Earnings Yield (Joel Greenblatt) %

: 17.99% (As of Aug. 2023)
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Trigano's Enterprise Value for the quarter that ended in Aug. 2023 was €2,317 Mil. Trigano's EBIT for the trailing twelve months (TTM) ended in Aug. 2023 was €417 Mil. Trigano's Earnings Yield (Joel Greenblatt) for the quarter that ended in Aug. 2023 was 17.99%.

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

XPAR:TRI' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.72   Med: 10.04   Max: 27.68
Current: 16.24

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Trigano was 27.68%. The lowest was 3.72%. And the median was 10.04%.

XPAR:TRI's Earnings Yield (Joel Greenblatt) % is ranked better than
83.78% of 1307 companies
in the Vehicles & Parts industry
Industry Median: 5.74 vs XPAR:TRI: 16.24

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) %. Trigano's Forward Rate of Return (Yacktman) % for the quarter that ended in Aug. 2023 was 22.40%. 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.


Trigano Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Trigano'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.

Trigano Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.40 9.63 9.17 23.58 17.99

Trigano Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
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 9.17 - 23.58 - 17.99

Competitive Comparison

For the Recreational Vehicles subindustry, Trigano'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.


Trigano Earnings Yield (Joel Greenblatt) % Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Trigano's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Trigano 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.

Triganos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=416.6/2317.101
=17.98 %

For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.



Trigano  (XPAR:TRI) 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.


Trigano Earnings Yield (Joel Greenblatt) % Related Terms

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Trigano (XPAR:TRI) Business Description

Industry
Traded in Other Exchanges
Address
100, Rue Petit, Cedex 19, Paris, FRA, 75165
Trigano SA is a French design, manufacturer and distributer of leisure vehicles and trailers. The company organizes itself into two segments: leisure vehicles and leisure equipment. Leisure vehicles, which constitute majority of the company revenue, it manufactures campervans, caravans, mobile homes, and related accessories. The vehicles segment largely derives revenue from campervan sales. Leisure equipment includes trailers, garden equipment, and camping equipment. The company generates maximum of its sales across France..