What is New China Life Insurance Co Earnings Yield (Joel Greenblatt) %?
New China Life Insurance Co's Enterprise Value for the quarter that ended in Mar. 2024 was ¥88,818 Mil.
New China Life Insurance Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ¥63,232 Mil. New China Life Insurance Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 71.43%.
The historical rank and industry rank for New China Life Insurance Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SHSE:601336'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 21.8 Med: 78.57 Max: 120.53
Current: 80
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of New China Life Insurance Co was 120.53%. The lowest was 21.80%. And the median was 78.57%.
SHSE:601336's Earnings Yield (Joel Greenblatt) % is ranked better than 95.93% of 491
companies
in the Insurance industry
Industry Median: 5.73
vs SHSE:601336: 80.00
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) %. New China Life Insurance Co'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.
New China Life Insurance Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for New China Life Insurance Co'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.
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New China Life Insurance Co Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of New China Life Insurance Co's Earnings Yield (Joel Greenblatt) %
For the Insurance - Life subindustry, New China Life Insurance Co'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.
New China Life Insurance Co's Earnings Yield (Joel Greenblatt) % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, New China Life Insurance Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where New China Life Insurance Co's Earnings Yield (Joel Greenblatt) % falls into.
New China Life Insurance Co 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.
New China Life Insurance Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
New China Life Insurance Co'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 ¥63,232 Mil.
New China Life Insurance Co (SHSE:601336) 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.
New China Life Insurance Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of New China Life Insurance Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
New China Life Insurance Co (SHSE:601336) Business Description
Headquartered in Beijing, New China Life Insurance, or NCI, was founded by SOEs and private firms in 1996. The company is the fourth-largest life insurer in China in terms of total assets. Huijin Investment, the government's investment company owns 31% shares of New China Life. The company was listed on the Hong Kong and Shanghai Stock Exchanges in 2011. New China Life offers comprehensive life insurance products and services to individual customers and institutional customers through nationwide distributional networks and diversified marketing channels, manages and deploys insurance funds through its subsidiaries, including Asset Management Company and Asset Management Company (Hong Kong).
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