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Abu Dhabi National Takaful Co PSC (ADX:TKFL) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Dec. 2023)


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What is Abu Dhabi National Takaful Co PSC Earnings Yield (Joel Greenblatt) %?

Abu Dhabi National Takaful Co PSC's Enterprise Value for the quarter that ended in Dec. 2023 was د.إ594.2 Mil. Abu Dhabi National Takaful Co PSC's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was د.إ0.0 Mil. Abu Dhabi National Takaful Co PSC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 0.00%.

The historical rank and industry rank for Abu Dhabi National Takaful Co PSC's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

ADX:TKFL's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Insurance industry.
Industry Median: 6.37
* 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) %. Abu Dhabi National Takaful Co PSC'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.


Abu Dhabi National Takaful Co PSC Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Abu Dhabi National Takaful Co PSC'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.

Abu Dhabi National Takaful Co PSC Earnings Yield (Joel Greenblatt) % Chart

Abu Dhabi National Takaful Co PSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
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Abu Dhabi National Takaful Co PSC Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Earnings Yield (Joel Greenblatt) % 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 - - - - -

Competitive Comparison of Abu Dhabi National Takaful Co PSC's Earnings Yield (Joel Greenblatt) %

For the Insurance - Diversified subindustry, Abu Dhabi National Takaful Co PSC'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.


Abu Dhabi National Takaful Co PSC's Earnings Yield (Joel Greenblatt) % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Abu Dhabi National Takaful Co PSC's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Abu Dhabi National Takaful Co PSC's Earnings Yield (Joel Greenblatt) % falls into.



Abu Dhabi National Takaful Co PSC 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.

Abu Dhabi National Takaful Co PSCs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=0/594.227
= %

Abu Dhabi National Takaful Co PSC'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 د.إ0.0 Mil.



Abu Dhabi National Takaful Co PSC  (ADX:TKFL) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Abu Dhabi National Takaful Co PSC Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Abu Dhabi National Takaful Co PSC's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Abu Dhabi National Takaful Co PSC (ADX:TKFL) Business Description

Traded in Other Exchanges
N/A
Address
Tamouh Tower, 25th Floor, P.O. Box 35335, Marina Square, Al Reem Island, Abu Dhabi, ARE
Abu Dhabi National Takaful Co PSC is engaged in providing Takaful insurance solutions for the regional market. The company is licensed by the Ministry of Economy & Commerce as the first Takaful operator in the emirates of Abu Dhabi and is among the Islamic insurance companies operating in the United Arab Emirates. The company's core business activities and investments are conducted in accordance with the Islamic Shari'a. The company has a comprehensive range of products and services, which have been developed under the guidance of the Fatwa & Shari'a Supervisory Board to meet the varying needs of clients in the field of Islamic finance.

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