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Express, (Express,) Forward Rate of Return (Yacktman) %

: 0.00% (As of Oct. 2023)
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Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Express,'s forward rate of return for was 0.00%.

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

EXPR' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -3.49   Med: 6.67   Max: 3249.15
Current: 3249.15

During the past 13 years, Express,'s highest Forward Rate of Return was 3249.15. The lowest was -3.49. And the median was 6.67.

EXPR's Forward Rate of Return (Yacktman) % is ranked better than
99.73% of 738 companies
in the Retail - Cyclical industry
Industry Median: 14.665 vs EXPR: 3249.15

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.


Express, Forward Rate of Return (Yacktman) % Historical Data

The historical data trend for Express,'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.

Express, Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Forward Rate of Return (Yacktman) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.37 9.46 - - -

Express, Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
Forward Rate of Return (Yacktman) % 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

For the Apparel Retail subindustry, Express,'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.


Express, Forward Rate of Return (Yacktman) % Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Express,'s Forward Rate of Return (Yacktman) % distribution charts can be found below:

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



Express, 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).

Express,'s Forward Rate of Return of Oct. 2023 is

Forward Rate of Return=Normalized Free Cash Flow/Price+5-Year EBITDA Growth Rate
=22.87752381/8.9+-0.1907
=237.98 %

* 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.


Express,  (OTCPK:EXPR) 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.


Express, Forward Rate of Return (Yacktman) % Related Terms

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


Express, (Express,) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1 Express Drive, Columbus, OH, USA, 43230
Express, Inc. is a United States-based specialty apparel retailer. It offers apparel and accessories for work, casual, jeanswear, and going-out. The company also sells the products through its e-commerce website and mobile app, as well as through franchisees who operate company locations in Latin America according to the franchise agreements. It derives revenue from the sales of apparel, accessories and other products, of which a majority of the revenue from the sale of apparel.
Executives
Stewart Glendinning director, officer: Chief Executive Officer 1 EXPRESS DRIVE, COLUMBUS OH 43230
Yehuda Shmidman director C/O ICONIX BRAND GROUP, INC., 1450 BROADWAY, 4TH FLOOR, NEW YORK NY 10018
Satish Mehta director C/O CHEWY, INC., 7700 WEST SUNRISE BLVD, PLANTATION FL 33322
Jason N Judd officer: SVP, CFO and Treasurer 50 N THIRD ST, NEWARK OH 43055
Patricia E Lopez director 333 LUDLOW ST, STAMFORD CT 06902
Antonio Lucio director C/O EXPRESS INC., 1 EXPRESS DRIVE, COLUMBUS OH 43230
Laurel Krueger officer: Chief Legal Officer & Corp Sec ONE EXPRESS DRIVE, COLUMBUS OH 43230
Periclis Pericleous officer: SVP, CFO and Treasurer 1 EXPRESS DR., COLUMBUS OH 43230
Matthew C Moellering officer: EVP, CAO,CFO, Treasurer & Sec. C/O EXPRESS PARENT LLC, ONE LIMITED PARKWAY, COLUMBUS OH 43230
Malissa Akay officer: EVP, Chief Merch. Officer 1 EXPRESS DR., COLUMBUS OH 43230
Sara Tervo officer: EVP, Chief Marketing Officer 1 EXPRESS DR., COLUMBUS OH 43230
Timothy G Baxter director, officer: Chief Executive Officer C/O EXPRESS, INC., 1 EXPRESS DR., COLUMBUS OH 43230
Contrarius Investment Management Ltd 10 percent owner 2 BOND STREET, ST. HELIER Y9 JE2 3NP
Contrarius Investment Management (bermuda) Ltd 10 percent owner VICTORIA PLACE, 5TH FLOOR, 31 VICTORIA STREET, HAMILTON D0 HM 10
James A Hilt officer: EVP, CMO, and ECommerce 1 EXPRESS DRIVE, COLUMBUS OH 43230