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Central Reinsurance (TPE:2851) EV-to-EBIT : 3.01 (As of May. 03, 2024)


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What is Central Reinsurance EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Central Reinsurance's Enterprise Value is NT$7,521 Mil. Central Reinsurance's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was NT$2,495 Mil. Therefore, Central Reinsurance's EV-to-EBIT for today is 3.01.

The historical rank and industry rank for Central Reinsurance's EV-to-EBIT or its related term are showing as below:

TPE:2851' s EV-to-EBIT Range Over the Past 10 Years
Min: -350.65   Med: -2.12   Max: 3.05
Current: 3.02

During the past 13 years, the highest EV-to-EBIT of Central Reinsurance was 3.05. The lowest was -350.65. And the median was -2.12.

TPE:2851's EV-to-EBIT is ranked better than
77.99% of 318 companies
in the Insurance industry
Industry Median: 7.65 vs TPE:2851: 3.02

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Central Reinsurance's Enterprise Value for the quarter that ended in Dec. 2023 was NT$3,959 Mil. Central Reinsurance's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was NT$2,495 Mil. Central Reinsurance's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 63.01%.


Central Reinsurance EV-to-EBIT Historical Data

The historical data trend for Central Reinsurance's EV-to-EBIT 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.

Central Reinsurance EV-to-EBIT Chart

Central Reinsurance Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.59 -0.89 0.09 -352.36 1.59

Central Reinsurance Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EV-to-EBIT 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only -352.36 -86.45 -1.38 1.05 1.59

Competitive Comparison of Central Reinsurance's EV-to-EBIT

For the Insurance - Reinsurance subindustry, Central Reinsurance's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


Central Reinsurance's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Central Reinsurance's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Central Reinsurance's EV-to-EBIT falls into.



Central Reinsurance EV-to-EBIT Calculation

Central Reinsurance's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=7521.066/2494.815
=3.01

Central Reinsurance's current Enterprise Value is NT$7,521 Mil.
Central Reinsurance'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 NT$2,495 Mil.

* 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.


Central Reinsurance  (TPE:2851) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Central Reinsurance's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2023 ) =EBIT / Enterprise Value (Q: Dec. 2023 )
=2494.815/3959.34145
=63.01 %

Central Reinsurance's Enterprise Value for the quarter that ended in Dec. 2023 was NT$3,959 Mil.
Central Reinsurance'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 NT$2,495 Mil.

* 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.


Central Reinsurance EV-to-EBIT Related Terms

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Central Reinsurance (TPE:2851) Business Description

Traded in Other Exchanges
N/A
Address
Section 2, Nanjing East Road, 12th Floor, No. 53, Zhongshan District, Taipei, TWN, 10457
Central Reinsurance Corp is an insurance company providing a range of property and life inward and outward reinsurance services. Central Reinsurance offers reinsurance protection on non-life insurance businesses, including fire, marine and aviation, casualty, motor, engineering, and residential earthquake insurance; and life insurance business including life, personal accident, and health insurance. The main source of revenue for the company is premiums and commission income.

Central Reinsurance (TPE:2851) Headlines

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