HCI Group's Enterprise Value for the quarter that ended in Dec. 2023 was $623.0 Mil.
HCI Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $128.7 Mil. HCI Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 20.66%.
The historical rank and industry rank for HCI Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HCI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -32.51 Med: 14.1 Max: 112.44
Current: 16
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of HCI Group was 112.44%. The lowest was -32.51%. And the median was 14.10%.
HCI's Earnings Yield (Joel Greenblatt) % is ranked better than 76.73% of 490
companies
in the Insurance industry
Industry Median: 5.565
vs HCI: 16.00
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) %. HCI Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.
HCI Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for HCI Group'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.
For the Insurance - Property & Casualty subindustry, HCI Group'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.
HCI Group Earnings Yield (Joel Greenblatt) % Distribution
For the Insurance industry and Financial Services sector, HCI Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where HCI Group's Earnings Yield (Joel Greenblatt) % falls into.
HCI Group 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.
HCI Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
HCI Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $128.7 Mil.
HCI Group (NYSE:HCI) 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.
HCI Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of HCI Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
HCI Group Inc is primarily engaged in the property and casualty insurance business through two Florida domiciled insurance companies, Homeowners Choice Property & Casualty Insurance Company (HCPCI) and TypTap Insurance Company (TypTap). Both HCPCI and TypTap are authorized to underwrite various homeowners' property and casualty insurance products and allied lines business in the state of Florida and other states. The operating segments of the group are HCPCI insurance operations, TypTap Group, Real estate operations, and Corporate and other. It derives key revenue from the HCPCI Insurance operation segment.
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