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John Wiley & Sons

WLYB
62
Publishing · Communication Services
Price
$51.29
+1.71 (+3.45%)
Market Cap
$2.69B
Exchange
New York Stock Exchange
Winston Score
62
Winston is curious
A decent business — some strong pillars, some weaker.

Share count falling — buybacks

5.9% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 56.6M (2022) → 53.2M (2026)

John Wiley & Sons is a publishing company that has been around for over 200 years. It makes textbooks, academic journals, and online learning materials used by students, researchers, universities, and professionals around the world. Wiley is one of the largest academic and professional publishers globally, and it owns well-known brands like the "For Dummies" series.

Wiley makes money by selling journal subscriptions to universities and libraries, licensing digital content, and selling books and online courses. It operates worldwide, with significant revenue from North America, Europe, and Asia-Pacific, and generates roughly $2 billion in annual revenue. Its deep relationships with academic institutions and its large catalog of peer-reviewed research give it a durable competitive position, though the company faces ongoing pressure as universities push back on rising subscription costs and open-access publishing models continue to grow in popularity.

Winston Score History

Score breakdown

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Quality

Gross Margin
75.4%
Premium pricing power — 75.4% gross margin
Operating Margin
25.3%
Excellent — 25.3% operating margin
ROCE
7.3%
Weak — 7.3% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales YoY
-2.4%
Shrinking sales (-2.4% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Cash Conversion
301%
Turns 301% of profit into real cash
FCF Margin
32.0%
Converts sales into free cash efficiently (32.0%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

Debt / Equity
0.82
Moderate — manageable debt (0.82)
Interest Cover
6.71x
Adequate interest coverage (6.7x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

P/E Ratio (TTM)
12.7x
Attractive valuation — P/E 12.7

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

P/E vs Forward
+2.1
GROWING
Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Dividend Yield
2.89%
Moderate income — 2.89% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth
+0.7%
Dividend flat

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