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NAOS Small Cap Opportunities CoASX:NSC 26 Forward Rate of Return (Yacktman) % is 23.16% as of Jun. 2025. GuruFocus rates ASX:NSC with a GF Score™ of 26/100. Among 1,173 Asset Management companies, NAOS Small Cap Opportunities Co ranks better than 82.61% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. NAOS Small Cap Opportunities Co's forward rate of return for was 23.16%.
The historical rank and industry rank for NAOS Small Cap Opportunities Co's Forward Rate of Return (Yacktman) % or its related term are showing as below:
ASX:NSC'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -8.69 Med: -0.27 Max: 25.14
Current: 17.48
During the past 13 years, NAOS Small Cap Opportunities Co's highest Forward Rate of Return was 25.14. The lowest was -8.69. And the median was -0.27.
ASX:NSC's Forward Rate of Return (Yacktman) % is ranked better than 82.61% of 1173
companies
in the Asset Management industry
Industry Median: 4.55
vs ASX:NSC: 17.48
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.
NAOS Small Cap Opportunities Co (ASX:NSC) 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 Book Value 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.
NAOS Small Cap Opportunities Co Forward Rate of Return (Yacktman) % Related Terms
NAOS Small Cap Opportunities Co Forward Rate of Return (Yacktman) % Historical Data
* 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.
NAOS Small Cap Opportunities Co Forward Rate of Return (Yacktman) % Chart
ASX:NSC vs BLK, BX, KKR: Forward Rate of Return (Yacktman) % Comparison
For the Asset Management subindustry, NAOS Small Cap Opportunities Co'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.
NAOS Small Cap Opportunities Co Forward Rate of Return (Yacktman) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, NAOS Small Cap Opportunities Co's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where NAOS Small Cap Opportunities Co's Forward Rate of Return (Yacktman) % falls into.
NAOS Small Cap Opportunities Co 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 23.16% mean?
NAOS Small Cap Opportunities Co (ASX:NSC) has a Forward Rate of Return (Yacktman) % of 23.16% 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 NAOS Small Cap Opportunities Co and its competitors. According to the industry distribution chart, NAOS Small Cap Opportunities Co ranks #204 out of 1173 companies in the Asset Management industry, placing it in the top 17.4%.
Is NAOS Small Cap Opportunities Co's Forward Rate of Return (Yacktman) % too high?
NAOS Small Cap Opportunities Co's current Forward Rate of Return (Yacktman) % is 23.16%. The Asset Management industry median Forward Rate of Return (Yacktman) % is 4.55. NAOS Small Cap Opportunities Co's value of 23.16% is 409% above this industry median. Based on the distribution chart, NAOS Small Cap Opportunities Co ranks #204 out of 1173 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, NAOS Small Cap Opportunities Co has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does NAOS Small Cap Opportunities Co's Forward Rate of Return (Yacktman) % compare to BLK and BX?
According to the Asset Management industry distribution chart, NAOS Small Cap Opportunities Co ranks #204 out of 1173 companies for Forward Rate of Return (Yacktman) %. This places NAOS Small Cap Opportunities Co in the top 17% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 4.55. NAOS Small Cap Opportunities Co's value of 23.16% is 409% above this benchmark. 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 an Asset Management company?
The median Forward Rate of Return (Yacktman) % among Asset Management companies is 4.55, based on 1,173 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. NAOS Small Cap Opportunities Co's current Forward Rate of Return (Yacktman) % of 23.16% is 409% 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 NAOS Small Cap Opportunities Co and its competitors. For the Asset Management industry, the median Forward Rate of Return (Yacktman) % is 4.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NAOS Small Cap Opportunities Co's current Forward Rate of Return (Yacktman) % is 23.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NAOS Small Cap Opportunities Co stock overvalued right now?
NAOS Small Cap Opportunities Co (ASX:NSC) has a current Forward Rate of Return (Yacktman) % of 23.16%. The current Forward Rate of Return (Yacktman) % is 23.16% and 409% above the Asset Management industry median of 4.55. NAOS Small Cap Opportunities Co's overall GF Score™ is 26/100. 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 NAOS Small Cap Opportunities Co (ASX:NSC), the current Forward Rate of Return (Yacktman) % is 23.16% 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.
NAOS Small Cap Opportunities Co Ltd is an investment company. The company invests in a concentrated portfolio of small-cap Australian listed equities that are outside the S&P/ASX100 Accumulation Index. The Company invests mainly in a concentrated portfolio of listed equities with the objective of providing investors with a long-term, concentrated exposure to Australian emerging companies It operates predominantly in Australia and one industry being the securities industry. The company derives revenue from dividend income, interest income and income from the investment portfolio.
26GF Score
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