What is Zimre Holdings Earnings Yield (Joel Greenblatt) %?
Zimre Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was ZWL382,050 Mil.
Zimre Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was ZWL322,057 Mil. Zimre Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 84.03%.
The historical rank and industry rank for Zimre Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XZIM:ZIMR.ZW'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -55 Med: 45.34 Max: 5000
Current: 4974.27
During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of Zimre Holdings was 5000.00%. The lowest was -55.00%. And the median was 45.34%.
XZIM:ZIMR.ZW's Earnings Yield (Joel Greenblatt) % is ranked better than 99.8% of 497
companies
in the Insurance industry
Industry Median: 6.09
vs XZIM:ZIMR.ZW: 4974.27
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) %. Zimre Holdings'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.
Zimre Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Zimre Holdings'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.
Competitive Comparison of Zimre Holdings's Earnings Yield (Joel Greenblatt) %
For the Insurance - Reinsurance subindustry, Zimre Holdings'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.
Zimre Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Zimre Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Zimre Holdings's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Zimre Holdingss 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.
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.
Zimre Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Zimre Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Zimre Holdings (XZIM:ZIMR.ZW) Business Description
Zimre Holdings Ltd is a Zimbabwe-based investment holding company. The firm operates its business activities in five segments. The Reinsurance segment offers short-term reinsurance products and services to general insurance companies locally, regionally and internationally. The Life reassurance segment offers its services to life assurance companies and medical aid societies locally and regionally. The Property segment is engaged in leasing, developing, managing, selling and buying properties. General insurance offers short-term insurance products and services directly to policyholders locally. Life and Pension segment. The Reinsurance segment contributes to the majority of the company's revenue. Zimre has operations in Botswana, Malawi, Mozambique, South Africa, Zambia and Zimbabwe.
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