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Smart ParkingASX:SPZ -0.60%90 Forward Rate of Return (Yacktman) % is 21.69% as of Jun. 2026. GuruFocus rates ASX:SPZ with a GF Score™ of 90/100 and a GF Value™ of A$1.25 (Significantly Undervalued). Among 1,296 Construction companies, Smart Parking ranks worse than 77160.42% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Smart Parking's forward rate of return for was 21.69%.
The historical rank and industry rank for Smart Parking's Forward Rate of Return (Yacktman) % or its related term are showing as below:
ASX:SPZ'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 0 Med: 0 Max: 21.6
Current: 21.6
During the past 13 years, Smart Parking's highest Forward Rate of Return was 21.60. The lowest was 0.00. And the median was 0.00.
ASX:SPZ's Forward Rate of Return (Yacktman) % is not ranked
in the Construction industry.
Industry Median: 8.785
vs ASX:SPZ: 21.60
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.
Smart Parking (ASX:SPZ) 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.
Smart Parking Forward Rate of Return (Yacktman) % Related Terms
Smart Parking Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Smart Parking'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.
Smart Parking Forward Rate of Return (Yacktman) % Chart
Smart Parking Forward Rate of Return (Yacktman) % Competitor Comparison
For the Infrastructure Operations subindustry, Smart Parking'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.
Smart Parking Forward Rate of Return (Yacktman) % vs Construction Industry
For the Construction industry and Industrials sector, Smart Parking's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Smart Parking's Forward Rate of Return (Yacktman) % falls into.
Smart Parking 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).
Smart Parking's Forward Rate of Return of Jun. 2026 is
Forward Rate of Return
=
Normalized Free Cash Flow
/
Price
+
5-Year EBITDA Growth Rate
=
0.02
/
0.8
+
0.1919
=
21.69 %
* 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 21.69% mean?
Smart Parking (ASX:SPZ) has a Forward Rate of Return (Yacktman) % of 21.69% as of Jun. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Smart Parking and its competitors. According to the industry distribution chart, Smart Parking ranks #999999 out of 1296 companies in the Construction industry.
Is Smart Parking's Forward Rate of Return (Yacktman) % too high?
Smart Parking's current Forward Rate of Return (Yacktman) % is 21.69%. The Construction industry median Forward Rate of Return (Yacktman) % is 8.79. Smart Parking's value of 21.69% is 146.9% above this industry median. Based on the distribution chart, Smart Parking ranks #999999 out of 1296 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Smart Parking has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Smart Parking's Forward Rate of Return (Yacktman) % compare to competitors?
According to the Construction industry distribution chart, Smart Parking ranks #999999 out of 1296 companies for Forward Rate of Return (Yacktman) %. This places Smart Parking in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 8.79. Smart Parking's value of 21.69% is 146.9% 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 a Construction company?
The median Forward Rate of Return (Yacktman) % among Construction companies is 8.79, based on 1,296 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. Smart Parking's current Forward Rate of Return (Yacktman) % of 21.69% is 146.9% 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 Smart Parking and its competitors. For the Construction industry, the median Forward Rate of Return (Yacktman) % is 8.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart Parking's current Forward Rate of Return (Yacktman) % is 21.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Parking stock overvalued right now?
Based on GuruFocus' analysis, Smart Parking (ASX:SPZ) is currently considered Significantly Undervalued. The stock's GF Value™ is A$1.25, compared to a current price of A$0.83 — trading 33.6% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 21.69% and 146.9% above the Construction industry median of 8.79. Smart Parking's overall GF Score™ is 90/100. 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 Smart Parking (ASX:SPZ), the current Forward Rate of Return (Yacktman) % is 21.69% as of Jun. 2026. 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 Smart Parking (ASX:SPZ) Overvalued in 2026?
Based on GuruFocus' analysis, Smart Parking stock appears to be undervalued.
The current stock price of A$0.83 is trading 33.6% below its estimated GF Value™ of A$1.25.
GuruFocus considers Smart Parking to be Significantly Undervalued.
Key valuation signals for ASX:SPZ:
Forward Rate of Return (Yacktman) %: 21.69%
GF Value™: A$1.25 vs. price of A$0.83 (33.6% below fair value)
Industry Position: 146.9% above the Construction median (#999999 of 1296)
No single metric tells the full story. See the ASX:SPZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smart Parking Ltd engages in the provision of design, development, and management of parking technology. It operates through three segments. The Technology segment consists of the sale of Smart City and IoT technology products and solutions predominantly to the parking market globally; the Parking Management segment, which is the key revenue driver, consists of the provision of car parking management services on behalf of third party car park owners and on sites leased by the company and managed on its own behalf in the UK; and Research and Development segment includes costs to research, develop and enhance software/hardware for both the Technology and Parking Management divisions. Geographically, it has presence in North America; UK and Europe; Asia, and Australia.
90GF Score
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