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PVH Forward Rate of Return (Yacktman) %

: 0.00% (As of Apr. 2022)
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Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. PVH's forward rate of return for was 0.00%.

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

PVH' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 5.83   Med: 14.63   Max: 30.72
Current: 17.62

During the past 13 years, PVH's highest Forward Rate of Return was 30.72. The lowest was 5.83. And the median was 14.63.

PVH's Forward Rate of Return (Yacktman) % is ranked better than
74.65% of 781 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.84 vs PVH: 17.62

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.


PVH Forward Rate of Return (Yacktman) % Historical Data

The historical data trend for PVH'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.

PVH Annual Data
Trend Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22
Forward Rate of Return (Yacktman) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.92 14.64 15.53 - -

PVH Quarterly Data
Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22
Forward Rate of Return (Yacktman) % 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 Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison

For the Apparel Manufacturing subindustry, PVH'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.

   

PVH Forward Rate of Return (Yacktman) % Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PVH's Forward Rate of Return (Yacktman) % distribution charts can be found below:

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



PVH 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).

PVH's Forward Rate of Return of Apr. 2022 is

Forward Rate of Return=Normalized Free Cash Flow/Price+5-Year EBITDA Growth Rate
=7.51714286/72.78+0.0691
=17.24 %

* 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.


PVH  (NYSE:PVH) 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.


PVH Forward Rate of Return (Yacktman) % Related Terms

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


PVH Business Description

PVH logo
Address
200 Madison Avenue, New York, NY, USA, 10016
PVH designs and markets branded apparel in more than 40 countries. Its key fashion categories include men's dress shirts, ties, sportswear, underwear, and jeans. PVH's leading designer brands, Calvin Klein and Tommy Hilfiger, generate nearly all its revenue after it disposed of most of its smaller brands in 2021. PVH distributes its clothing wholesale to retailers and through company-owned stores. The company traces its history to 1881 and is based in New York City.
Executives
Donnelly Trish officer: CEO, PVH Americas/CK Global C/O PVH CORP. 200 MADISON AVENUE NEW YORK NY 10016
Calbert Michael M director C/O DOLLAR GENERAL CORPORATION 100 MISSION RIDGE GOODLETTSVILLE TN 37072
Fuller Julie officer: Chief People Officer 200 MADISON AVENUE NEW YORK NY 10016
Coughlin Zachary officer: EVP, Chief Financial Officer 285 MADISON AVENUE NEW YORK NY 10017
Perlman Dana officer: EVP & Chief Strategy Officer C/O 200 MADISON AVENUE NEW YORK NY 10016
Hagman Martijn officer: CEO, PVH Europe C/O PVH CORP. 200 MADISON AVENUE NEW YORK NY 10016
Larsson Stefan director, officer: Chief Executive Officer TWO FOLSOM STREET SAN FRANCISCO CA 94105
Fischer Mark D officer: EVP, General Counsel & Sec. C/O PHILLIPS-VAN HEUSEN CORPORATION 200 MADISON AVENUE NEW YORK NY 10016
Nasella Henry director
Holmes James officer: EVP, Interim CFO & Controller C/O PVH CORP. 200 MADISON AVENUE NEW YORK NY 10016
Shaffer Michael A officer: EVP, COO and CFO C/O PHILLIPS-VAN HEUSEN CORPORATION 200 MADISON AVENUE NEW YORK NY 10016
Chirico Emanuel director 7 NEW YORK PLACE BRONSVILLE NY 10708
Sourry Knox Judith Amanda director C/O 200 MADISON AVENUE NEW YORK NY 10016
Cheeks George director, Director 200 MADISON AVENUE NEW YORK NY 10016
Peterson Allison director 7601 PENN AVENUE SOUTH RICHFIELD MN 55423

PVH Headlines

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