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Cshg Real Estate Fundo Invest Imobiliario (BSP:HGRE11) Earnings Yield (Joel Greenblatt) % : 5.95% (As of Dec. 2023)


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What is Cshg Real Estate Fundo Invest Imobiliario Earnings Yield (Joel Greenblatt) %?

Cshg Real Estate Fundo Invest Imobiliario's Enterprise Value for the quarter that ended in Dec. 2023 was R$1,522.9 Mil. Cshg Real Estate Fundo Invest Imobiliario's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was R$90.6 Mil. Cshg Real Estate Fundo Invest Imobiliario's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 5.95%.

The historical rank and industry rank for Cshg Real Estate Fundo Invest Imobiliario's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

BSP:HGRE11' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.55   Med: 7.64   Max: 17.81
Current: 6.45

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Cshg Real Estate Fundo Invest Imobiliario was 17.81%. The lowest was 1.55%. And the median was 7.64%.

BSP:HGRE11's Earnings Yield (Joel Greenblatt) % is ranked better than
75.31% of 895 companies
in the REITs industry
Industry Median: 2.78 vs BSP:HGRE11: 6.45

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) %. Cshg Real Estate Fundo Invest Imobiliario's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was -20.75%. 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.


Cshg Real Estate Fundo Invest Imobiliario Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Cshg Real Estate Fundo Invest Imobiliario'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.

Cshg Real Estate Fundo Invest Imobiliario Earnings Yield (Joel Greenblatt) % Chart

Cshg Real Estate Fundo Invest Imobiliario 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 11.90 11.60 3.27 1.80 5.95

Cshg Real Estate Fundo Invest Imobiliario Semi-Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.90 11.60 3.27 1.80 5.95

Competitive Comparison of Cshg Real Estate Fundo Invest Imobiliario's Earnings Yield (Joel Greenblatt) %

For the REIT - Diversified subindustry, Cshg Real Estate Fundo Invest Imobiliario'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.


Cshg Real Estate Fundo Invest Imobiliario's Earnings Yield (Joel Greenblatt) % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Cshg Real Estate Fundo Invest Imobiliario's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Cshg Real Estate Fundo Invest Imobiliario's Earnings Yield (Joel Greenblatt) % falls into.



Cshg Real Estate Fundo Invest Imobiliario 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.

Cshg Real Estate Fundo Invest Imobiliarios Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=90.587/1522.947714
=5.95 %

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.



Cshg Real Estate Fundo Invest Imobiliario  (BSP:HGRE11) 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.


Cshg Real Estate Fundo Invest Imobiliario Earnings Yield (Joel Greenblatt) % Related Terms

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Cshg Real Estate Fundo Invest Imobiliario (BSP:HGRE11) Business Description

Traded in Other Exchanges
N/A
Address
Avenida Presidente Juscelino Kubitschek, Tower IV - 7th Floor - Moema, São Paulo, SP, BRA, 04543900
Cshg Real Estate Fundo Invest Imobiliario is engaged in the acquisition of commercial real estate projects for commercial operation.

Cshg Real Estate Fundo Invest Imobiliario (BSP:HGRE11) Headlines

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