What is WellCare Health Plans Earnings Yield (Joel Greenblatt) %?
WellCare Health Plans's Enterprise Value for the quarter that ended in Sep. 2019 was $11,420 Mil.
WellCare Health Plans's EBIT for the trailing twelve months (TTM) ended in Sep. 2019 was $951 Mil. WellCare Health Plans's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2019 was 8.33%.
The historical rank and industry rank for WellCare Health Plans's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
WCG's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Healthcare Plans industry.
Industry Median: 4.95 * 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) %. WellCare Health Plans's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2019 was 25.70%. 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.
WellCare Health Plans Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for WellCare Health Plans'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.
WellCare Health Plans Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of WellCare Health Plans's Earnings Yield (Joel Greenblatt) %
For the Healthcare Plans subindustry, WellCare Health Plans'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.
WellCare Health Plans's Earnings Yield (Joel Greenblatt) % Distribution in the Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, WellCare Health Plans's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where WellCare Health Plans's Earnings Yield (Joel Greenblatt) % falls into.
WellCare Health Plans 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.
WellCare Health Planss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2018 is calculated as
WellCare Health Plans's EBIT for the trailing twelve months (TTM) ended in Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $951 Mil.
WellCare Health Plans (NYSE:WCG) 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.
WellCare Health Plans Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of WellCare Health Plans's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
WellCare Health Plans (WellCare Health Plans) Business Description
WellCare Health Plans Inc is a managed care organization focused on government-sponsored managed care services, including Medicare and Medicaid. WellCare's membership is concentrated in Florida, Georgia, Kentucky, New York, and Illinois. Its key segments are Medicaid health plans, Medicare health plans, and Medicare prescription drug plans. Medicaid health plans represent the largest proportion of both total membership and premium revenue. The Medicaid segment generates revenue from the premiums received from the states in which health plans are offered, based on a fixed per-member per-month amount. WellCare also provides Medicare Part C and Part D benefits through its Medicare Advantage plans.
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