DOOR has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
DOOR has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Masonite International's forward rate of return for was 25.13%.
The historical rank and industry rank for Masonite International's Forward Rate of Return (Yacktman) % or its related term are showing as below:
During the past 13 years, Masonite International's highest Forward Rate of Return was 26.97. The lowest was 11.55. And the median was 21.77.
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.
The historical data trend for Masonite International'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.
Masonite International Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Forward Rate of Return (Yacktman) % | Get a 7-Day Free Trial | 19.93 | 13.65 | 13.71 | 20.13 | 25.13 |
Masonite International Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Forward Rate of Return (Yacktman) % | Get a 7-Day Free Trial | 20.13 | 20.59 | 22.11 | 23.89 | 25.13 |
For the Building Products & Equipment subindustry, Masonite International'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.
For the Construction industry and Industrials sector, Masonite International's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Masonite International's Forward Rate of Return (Yacktman) % falls into.
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).
Masonite International's Forward Rate of Return of Dec. 2023 is
Forward Rate of Return | = | Normalized Free Cash Flow | / | Price | + | 5-Year EBITDA Growth Rate |
= | 6.90285714 | / | 84.66 | + | 0.1698 | |
= | 25.13 % |
* 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.
Masonite International (NYSE:DOOR) 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.
Thank you for viewing the detailed overview of Masonite International's Forward Rate of Return (Yacktman) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Alexander Albert Legall | officer: See Remarks | 1242 EAST 5TH AVE, TAMPA FL 33605 |
Jay Ira Steinfeld | director | 4919 HOLLY STREET, BELLAIRE TX 77401 |
Catherine Anne Shellabarger | officer: VP & Chief Accounting Officer | 1242 EAST 5TH AVE, TAMPA FL 33605 |
Robert J Byrne | director | C/O MASONITE INTERNATIONAL CORPORATION, 201 NORTH FRANKLIN ST., SUITE 300, TAMPA FL 33602 |
Patrick Daniel Brisley | officer: VP & Chief Accounting Officer | 1242 EAST 5TH AVE, TAMPA FL 33605 |
Victoria Louise Philemon | officer: See Remarks | 1242 EAST 5TH AVE, TAMPA FL 33605 |
Peter R Dachowski | director | C/O BACKYARD HOLDCO, INC., 7830 FREEWAY CIRCLE, MIDDLEBURG HEIGHTS OH 44130 |
James C Pelletier | other: SVP, GC & Corporate Secretary | 1242 EAST 5TH AVENUE, TAMPA FL 33605 |
Robert Edgar Lewis | officer: See Remarks | C/O MASONITE INTERNATIONAL CORPORATION, 1242 EAST 5TH AVENUE, TAMPA FL 33602 |
Christopher O Ball | officer: President, Global Residential | 1242 EAST 5TH AVENUE, TAMPA FL 33605 |
Francis M Scricco | director | C/O AVAYA INC., 211 MOUNT AIRY ROAD, BASKING RIDGE NJ 07920 |
Barry A. Ruffalo | director | ASTEC INDUSTRIES, INC., 1725 SHEPHERD RD, CHATTANOOGA TN 37421 |
Jonathan F Foster | director | 777 THIRD AVE, 30TH FL, NEW YORK NY 10017 |
Randal Alan White | officer: See Remarks | C/O MASONITE INTERNATIONAL CORPORATION, 201 N. FRANKLIN STREET, SUITE 300, TAMPA FL 33602 |
John H. Chuang | director | 711 BOYLSTON STREET, BOSTON MA 02445 |
From GuruFocus
By Business Wire Business Wire • 01-25-2023
By Business Wire • 10-06-2023
By Business Wire Business Wire • 07-11-2022
By Business Wire Business Wire • 11-10-2022
By Business Wire Business Wire • 04-04-2022
By Business Wire Business Wire • 05-12-2023
By Business Wire Business Wire • 04-25-2023
By Business Wire Business Wire • 05-02-2022
By Business Wire • 01-17-2024
By Business Wire Business Wire • 05-03-2022
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.