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Dubai Insurance Co PSC (DFM:DIN) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Mar. 2024)


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What is Dubai Insurance Co PSC Earnings Yield (Joel Greenblatt) %?

Dubai Insurance Co PSC's Enterprise Value for the quarter that ended in Mar. 2024 was د.إ87.4 Mil. Dubai Insurance Co PSC's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was د.إ0.0 Mil. Dubai Insurance Co PSC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 0.00%.

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

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Dubai Insurance Co PSC was 5.36%. The lowest was 1.77%. And the median was 2.24%.

DFM:DIN's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Insurance industry.
Industry Median: 5.81
* Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.

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) %. Dubai Insurance Co PSC's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 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.


Dubai Insurance Co PSC Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Dubai Insurance Co PSC'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.

Dubai Insurance Co PSC Earnings Yield (Joel Greenblatt) % Chart

Dubai Insurance Co PSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
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Dubai Insurance Co PSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - - -

Competitive Comparison of Dubai Insurance Co PSC's Earnings Yield (Joel Greenblatt) %

For the Insurance - Diversified subindustry, Dubai Insurance Co PSC'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.


Dubai Insurance Co PSC's Earnings Yield (Joel Greenblatt) % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Dubai Insurance Co PSC's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Dubai Insurance Co PSC's Earnings Yield (Joel Greenblatt) % falls into.



Dubai Insurance Co PSC 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.

Dubai Insurance Co PSCs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=0/186.851
= %

Dubai Insurance Co PSC's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ0.0 Mil.



Dubai Insurance Co PSC  (DFM:DIN) 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.


Dubai Insurance Co PSC Earnings Yield (Joel Greenblatt) % Related Terms

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


Dubai Insurance Co PSC (DFM:DIN) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Al Riqqa Road, Deira, P.O. Box 3027, Dubai, ARE
Dubai Insurance Co PSC is an insurance company. It issues short-term insurance contracts in connection with general insurance including motor, marine, fire, engineering, accident; and life insurance includes group life and individual life. It operates in three segments, Medical and life insurance segment offers short-term group life insurance and medical. The Non-life insurance segment comprises general and health insurance. Products offered under general insurance include motor, marine, fire, engineering, general accident, and medical. Non-life health contracts provide medical cover. The investment segment includes investment in equity, fixed income securities such as bonds and fixed deposits.