Anadigics (Anadigics) Forward Rate of Return (Yacktman) % : 0.00% (As of Dec. 2015)

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What is Anadigics Forward Rate of Return (Yacktman) %?

Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Anadigics's forward rate of return for was 0.00%.

The historical rank and industry rank for Anadigics's Forward Rate of Return (Yacktman) % or its related term are showing as below:

ANAD's Forward Rate of Return (Yacktman) % is not ranked ^*
in the Semiconductors industry.
Industry Median: 13.14
* Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.

Unlike the Earnings Yield %, 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.

Anadigics Forward Rate of Return (Yacktman) % Historical Data

The historical data trend for Anadigics's Forward Rate of Return (Yacktman) % 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.

Anadigics Forward Rate of Return (Yacktman) % Chart

Anadigics Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Forward Rate of Return (Yacktman) %

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-10.41

-11.98

-18.37

Anadigics Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Forward Rate of Return (Yacktman) %	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Anadigics's Forward Rate of Return (Yacktman) %

For the Semiconductors subindustry, Anadigics's Forward Rate of Return (Yacktman) %, along with its competitors' market caps and Forward Rate of Return (Yacktman) % 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.

Anadigics's Forward Rate of Return (Yacktman) % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Anadigics's Forward Rate of Return (Yacktman) % distribution charts can be found below:

* The bar in red indicates where Anadigics's Forward Rate of Return (Yacktman) % falls into.

Anadigics Forward Rate of Return (Yacktman) % Calculation

Forward Rate of Return is a concept that Don Yacktman uses in his investment approach. Yacktman explained the forward rate of return concept in detail in his interview with GuruFocus. Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. He said in the interview (March 2012, when the S&P 500 was at about 1400):

If the business is stable, this calculation is fairly straightforward. For instance, on the S&P 500 we would normalize earnings. We would then calculate what percentage of those earnings are not reinvested in the underlying businesses and are therefore free. Historically, for the S&P 500, this has been just under 50% of earnings. Currently, we expect the S&P to earn about 70 on a normalized basis, a number which is far below reported earnings due to our adjusting for record high profit margins. $70 X ½ / 1400 gives you a normalized free cash flow yield of approximately 2.5%.

The historical real growth rate of the S&P 500 (companies) is about 1.5%. Assuming an inflation rate of 2.5%, the forward rate of return on an investment in the S&P 500 is about 6.5% today (2.5% free cash flow yield plus 1.5% real growth plus 2.5% inflation).

Anadigics's Forward Rate of Return of Dec. 2015 is

Forward Rate of Return	=	Normalized Free Cash Flow	/	Price	+	5-Year EBITDA Growth Rate
	=	0	/	0.64	+	0
	=	0.00 %

Anadigics (NAS:ANAD) Forward Rate of Return (Yacktman) % Explanation

Unlike the Earnings Yield, the Forward Rate of Return uses the normalized Free Cash Flow of the past five 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.

For the growth part of the Forward Rate of Return calculation, GuruFocus uses the 5-year average growth rate of EBITDA per share as the growth rate, and the growth rate is always capped at 20%. For the Free Cash Flow we use per share data averaged over five years. The reason we use five years is to make it comparable to the growth rate.

Be Aware

In the Forward Rate of Return calculation, the growth rate is added directly to today's free cash flow yield. Therefore the calculation is reliable only if the company can grow at the same rate in the future as it did in the past. Investors should pay close attention to this when researching growth stocks. A more accurate measurement for return is Return on Capital.

Anadigics Forward Rate of Return (Yacktman) % Related Terms

Thank you for viewing the detailed overview of Anadigics's Forward Rate of Return (Yacktman) % provided by GuruFocus.com. Please click on the following links to see related term pages.

Anadigics (Anadigics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Anadigics Inc (NAS:ANAD) » Definitions » Forward Rate of Return (Yacktman) %

Traded in Other Exchanges

N/A

Address

Website

http://www.anadigics.com

Anadigics Inc was incorporated in the state of Delaware in 1984. The Company designs and manufactures radio frequency semiconductor solutions for cellular, WiFi, wireless infrastructure and CATV applications. It also design, develop and manufacture RFICs using GaAs compound semiconductor substrates with various process technologies, MESFET, pHEMT and HBT. The Company is focused on enabling communications connectivity with RF solutions that offer greater performance and integration to enhance the user's experience. It is a customer-centric organization that works closely with equipment manufacturers, such as OEMs and ODMs. Its product portfolio includes power amplifiers, FEICs, FEMs and line amplifiers. Its products are optimized for wireless and infrastructure communications applications including; its cellular power amplifiers and FEMs enable mobile handsets, smartphones, tablets, notebooks, datacards, automotive, M2M, and industrial devices to access 3G and 4G wireless networks. These networks operate on international standards, such as LTE, HSPA, WCDMA, EVDO, CDMA, and WiMAX; its WiFi FEICs and power amplifiers enable wireless LAN connectivity for mobile, multimedia and infrastructure devices, including smartphones, tablets, notebooks, televisions, set-top boxes, modems, routers, and access points. These solutions are optimized for the latest WiFi standards, including 802.11ac and 802.11n; and its infrastructure solutions include both wireless infrastructure and CATV products; wireless infrastructure power amplifiers enable 3G and 4G small-cell base stations, and CATV line amplifiers and other RF products provide the critical link in CATV network infrastructure devices, as well as set-top boxes and cable modems. The Company's product line includes as per market; its Cellular product line includes power amplifier modules for CDMA/EVDO, GSM/EDGE, WCDMA/HSPA, LTE and other wireless technologies for mobile handsets and data device; its WiFi products include power amplifiers and front-end ICs for mobile handsets, data devices, entertainment devices, routers, access points and base stations; and its Infrastructure product line encompasses video, voice and data telecommunications systems, consisting of CATV, and Wireless Infrastructure applications. Its products are sold mainly to direct customers. Additionally it uses independent manufacturers' representatives and distributors for direct sales and customer support efforts. GaAs wafers, HBT/pHEMT epitaxial wafers, passive components, other raw materials, and equipment used in the production of ICs are available from a limited number of sources. It competes with companies including Avago Technologies Limited, RF Micro Devices, Inc., Skyworks Solutions, Inc. and TriQuint Semiconductor, Inc. The Company's operations are subject to federal, state and local environmental laws, regulations and ordinances.

Executives

Richard B Kelson	director	MEADWESTVACO CORPORATION, ONE HIGH RIDGE PARK, STAMFORD CT 06905
Dennis F Strigl	director	140 WEST STREET, 29TH FLOOR, NEW YORK NY 10007
Lewis Solomon	director
Mario Rivas	other: Former President & CEO	141 MT. BETHEL ROAD, WARREN NJ 07059
Gilles Delfassy	director	ONSEMI C/O H. SPENCER, 5701 NORTH PIMA ROAD, SCOTTSDALE AZ 85250
Bami Bastani	director, officer: CEO