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Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Apiam Animal Health's forward rate of return for was 11.98%.
The historical rank and industry rank for Apiam Animal Health's Forward Rate of Return (Yacktman) % or its related term are showing as below:
ASX:AHX'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 7.03 Med: 18.47 Max: 25.34
Current: 7.05
During the past 10 years, Apiam Animal Health's highest Forward Rate of Return was 25.34. The lowest was 7.03. And the median was 18.47.
ASX:AHX's Forward Rate of Return (Yacktman) % is not ranked
in the Personal Services industry.
Industry Median: 7.53
vs ASX:AHX: 7.05
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.
Apiam Animal Health (ASX:AHX) 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.
Apiam Animal Health Forward Rate of Return (Yacktman) % Related Terms
Apiam Animal Health Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Apiam Animal Health'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.
Apiam Animal Health Forward Rate of Return (Yacktman) % Chart
ASX:AHX vs ROL, SCI, BFAM: Forward Rate of Return (Yacktman) % Comparison
For the Personal Services subindustry, Apiam Animal Health'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.
Apiam Animal Health Forward Rate of Return (Yacktman) % vs Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Apiam Animal Health's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Apiam Animal Health's Forward Rate of Return (Yacktman) % falls into.
Apiam Animal Health 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).
* 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 11.98% mean?
Apiam Animal Health (ASX:AHX) has a Forward Rate of Return (Yacktman) % of 11.98% as of Jun. 2025. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Apiam Animal Health and its competitors. This is 35% below median its historical median of 18.47. Over the past decade, Apiam Animal Health's Forward Rate of Return (Yacktman) % has ranged from 7.03 to 25.34.
Is Apiam Animal Health's Forward Rate of Return (Yacktman) % too high?
Apiam Animal Health's current Forward Rate of Return (Yacktman) % of 11.98% is 35% below median its 10-year median of 18.47. Over the past 10 years, this metric has ranged from a low of 7.03 to a high of 25.34. The Personal Services industry median Forward Rate of Return (Yacktman) % is 7.53. Apiam Animal Health's value of 11.98% is 59.1% above this industry median. Overall, Apiam Animal Health has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Apiam Animal Health's Forward Rate of Return (Yacktman) % compare to ROL and SCI?
Apiam Animal Health's Forward Rate of Return (Yacktman) % of 11.98% can be compared against companies in the Personal Services industry. The industry median Forward Rate of Return (Yacktman) % is 7.53. Apiam Animal Health's value of 11.98% is 59.1% above this benchmark. Historically, Apiam Animal Health's own Forward Rate of Return (Yacktman) % has ranged from 7.03 to 25.34 over the past decade. While the company's 10-year median is 18.47 vs. the industry median of 7.53, Apiam Animal Health has consistently been above the industry average. 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 Personal Services company?
The median Forward Rate of Return (Yacktman) % among Personal Services companies is 7.53, based on 63 companies in the industry. Companies in the top quartile (top 25%) have a Forward Rate of Return (Yacktman) % significantly above this median, while those in the bottom quartile fall well below. However, Forward Rate of Return (Yacktman) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Apiam Animal Health's current Forward Rate of Return (Yacktman) % of 11.98% is 59.1% above the industry median. 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 Apiam Animal Health and its competitors. For the Personal Services industry, the median Forward Rate of Return (Yacktman) % is 7.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apiam Animal Health's current Forward Rate of Return (Yacktman) % is 11.98%, which is 35% below median its own 10-year median of 18.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apiam Animal Health stock overvalued right now?
Apiam Animal Health (ASX:AHX) has a current Forward Rate of Return (Yacktman) % of 11.98%. The stock's GF Value™ is A$0.40, compared to a current price of A$0.88 — trading 118.8% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 11.98%, which is 35% below median its 10-year median of 18.47 and 59.1% above the Personal Services industry median of 7.53. Apiam Animal Health's overall GF Score™ is 50/100 with 9 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 Apiam Animal Health (ASX:AHX), the current Forward Rate of Return (Yacktman) % is 11.98% as of Jun. 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 Apiam Animal Health (ASX:AHX) Overvalued in 2026?
Based on GuruFocus' analysis, Apiam Animal Health stock appears to be overvalued.
The current stock price of A$0.88 is trading 118.8% above its estimated GF Value™ of A$0.40.
Key valuation signals for ASX:AHX:
Forward Rate of Return (Yacktman) %: 11.98% (35% below median its 10-year median of 18.47)
GF Value™: A$0.40 vs. price of A$0.88 (118.8% above fair value)
Industry Position: 59.1% above the Personal Services median
No single metric tells the full story. See the ASX:AHX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apiam Animal Health Ltd provides products and services to support the health and welfare of production and mixed animals. The company offers veterinary wholesale, warehousing, logistics, and other ancillary services. Its operating segments include Dairy and Mixed, Feedlots and Pigs. It generates the majority of its revenue from Dairy and Mixed. The Group operates in the segment of provision of veterinary products and services to production, companion and equine animals.
50GF Score
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