InterContinental Hotels Group's Enterprise Value for the quarter that ended in Dec. 2023 was R$21,724 Mil.
InterContinental Hotels Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was R$5,485 Mil. InterContinental Hotels Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 6.56%.
The historical rank and industry rank for InterContinental Hotels Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BSP:I1HG34'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.04 Med: 5.37 Max: 15.67
Current: 6.09
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of InterContinental Hotels Group was 15.67%. The lowest was -1.04%. And the median was 5.37%.
BSP:I1HG34's Earnings Yield (Joel Greenblatt) % is ranked better than 62.25% of 853
companies
in the Travel & Leisure industry
Industry Median: 4.16
vs BSP:I1HG34: 6.09
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) %. InterContinental Hotels Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 23.08%. 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.
InterContinental Hotels Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for InterContinental Hotels 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 Lodging subindustry, InterContinental Hotels 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.
InterContinental Hotels Group Earnings Yield (Joel Greenblatt) % Distribution
For the Travel & Leisure industry and Consumer Cyclical sector, InterContinental Hotels Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where InterContinental Hotels Group's Earnings Yield (Joel Greenblatt) % falls into.
InterContinental Hotels 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.
InterContinental Hotels Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
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.
InterContinental Hotels Group (BSP:I1HG34) 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.
InterContinental Hotels Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of InterContinental Hotels Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
InterContinental Hotels Group (BSP:I1HG34) Business Description
InterContinental Hotels Group operates 930,000 rooms across 18 brands addressing the midscale through luxury segments, as of Sept. 30, 2023. Holiday Inn and Holiday Inn Express constitute the largest brand, while Hotel Indigo, Even, Hualuxe, Kimpton, and Voco are newer lifestyle brands experiencing strong demand. The company launched a midscale brand, Avid, in summer 2017 and closed on a 51% stake in Regent Hotels in July 2018. It acquired Six Senses in February 2019 and launched another midscale brand, Garner, in 2023. Managed and franchised represent 99% of total rooms. As of Sept. 30, 2023, the Americas represents 56% of total rooms, with greater China accounting for 18%; Europe, Asia, the Middle East, and Africa make up 26%.
InterContinental Hotels Group (BSP:I1HG34) Headlines
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