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AEM HoldingsAEMFF 51 Forward Rate of Return (Yacktman) % is -15.95% as of Dec. 2025. GuruFocus rates AEMFF with a GF Score™ of 51/100 and a GF Value™ of $1.89 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 611 Semiconductors companies, AEM Holdings ranks worse than 86.58% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. AEM Holdings's forward rate of return for was -15.95%.
The historical rank and industry rank for AEM Holdings's Forward Rate of Return (Yacktman) % or its related term are showing as below:
AEMFF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -24.52 Med: 23 Max: 25.08
Current: -24.44
During the past 13 years, AEM Holdings's highest Forward Rate of Return was 25.08. The lowest was -24.52. And the median was 23.00.
AEMFF's Forward Rate of Return (Yacktman) % is ranked worse than 86.58% of 611
companies
in the Semiconductors industry
Industry Median: -0.38
vs AEMFF: -24.44
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.
AEM Holdings (OTCPK:AEMFF) 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.
AEM Holdings Forward Rate of Return (Yacktman) % Related Terms
AEM Holdings Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for AEM Holdings'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.
AEM Holdings Forward Rate of Return (Yacktman) % Chart
AEMFF vs LRCX, AMAT, KLAC: Forward Rate of Return (Yacktman) % Comparison
For the Semiconductor Equipment & Materials subindustry, AEM Holdings'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.
AEM Holdings Forward Rate of Return (Yacktman) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, AEM Holdings's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where AEM Holdings's Forward Rate of Return (Yacktman) % falls into.
AEM Holdings 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).
AEM Holdings's Forward Rate of Return of Dec. 2025 is
Forward Rate of Return
=
Normalized Free Cash Flow
/
Price
+
5-Year EBITDA Growth Rate
=
0.089
/
1.1
+
-0.2404
=
-15.95 %
* 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.
What does a Forward Rate of Return (Yacktman) % of -15.95% mean?
AEM Holdings (AEMFF) has a Forward Rate of Return (Yacktman) % of -15.95% as of Dec. 2025. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on AEM Holdings and its competitors. According to the industry distribution chart, AEM Holdings ranks #529 out of 611 companies in the Semiconductors industry, placing it in the top 86.6%.
Is AEM Holdings' Forward Rate of Return (Yacktman) % too high?
AEM Holdings' current Forward Rate of Return (Yacktman) % is -15.95%. Based on the distribution chart, AEM Holdings ranks #529 out of 611 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, AEM Holdings has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AEM Holdings' Forward Rate of Return (Yacktman) % compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, AEM Holdings ranks #529 out of 611 companies for Forward Rate of Return (Yacktman) %. This places AEM Holdings in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward Rate of Return (Yacktman) % for a Semiconductors company?
A good Forward Rate of Return (Yacktman) % depends on the Semiconductors industry context. However, Forward Rate of Return (Yacktman) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward Rate of Return (Yacktman) % mean?
A high Forward Rate of Return (Yacktman) % can signal that a stock is expensive relative to its fundamentals. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on AEM Holdings and its competitors. AEM Holdings's current Forward Rate of Return (Yacktman) % is -15.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AEM Holdings stock overvalued right now?
Based on GuruFocus' analysis, AEM Holdings (AEMFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.89, compared to a current price of $7.70 — trading 307.4% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is -15.95%. AEM Holdings' overall GF Score™ is 51/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward Rate of Return (Yacktman) % calculated?
Forward Rate of Return (Yacktman) % is calculated from a company's financial statements. For AEM Holdings (AEMFF), the current Forward Rate of Return (Yacktman) % is -15.95% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is AEM Holdings (AEMFF) Overvalued in 2026?
Based on GuruFocus' analysis, AEM Holdings stock appears to be overvalued.
The current stock price of $7.70 is trading 307.4% above its estimated GF Value™ of $1.89.
GuruFocus considers AEM Holdings to be Significantly Overvalued.
Key valuation signals for AEMFF:
Forward Rate of Return (Yacktman) %: -15.95%
GF Value™: $1.89 vs. price of $7.70 (307.4% above fair value)
No single metric tells the full story. See the AEMFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AEM Holdings Ltd is a Singapore-based provider of advanced testing and handling solutions for the semiconductor and electronics industries. Its core business, Test Cell Solutions, designs and manufactures high-speed automated test handling equipment and related systems used by semiconductor manufacturers and outsourced assembly and test providers, with a significant portion of revenue historically tied to a major global chip customer. The company also offers instrumentation products for communications and industrial testing, and provides contract manufacturing services including printed circuit board assembly, wire harness and interconnect systems, box build, and equipment manufacturing. AEM serves customers across the semiconductor, electronics, and industrial sectors, operating in Singapore, Malaysia, China, the United States, Vietnam, Finland, and other markets. Revenue is generated primarily through equipment sales and related service and support, with the Test Cell Solutions segment contributing the majority of group revenue.
51GF Score
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