Celsia Colombia ESP (BOG:CSACOL) Forward Rate of Return (Yacktman) %: 14.97% (As of Dec. 2025) — 12% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOG:CSACOL Celsia Colombia SA ESP BOG:CSACOL
17 GF Score
Price COP18,905.00
GF Value COP25,497.79
! 9 Warning Signs
View Full Analysis

What is Celsia Colombia ESP Forward Rate of Return (Yacktman) %?

Celsia Colombia ESP BOG:CSACOL 17 Forward Rate of Return (Yacktman) % is 14.97% as of Dec. 2025, which is 12% above its 10-year median of 13.36. GuruFocus rates BOG:CSACOL with a GF Score™ of 17/100 and a GF Value™ of COP25,497.79. The stock has 9 warning signs investors should review.

Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Celsia Colombia ESP's forward rate of return for was 14.97%.

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

BOG:CSACOL' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -1.71   Med: 13.36   Max: 20.08
Current: 14.97

During the past 13 years, Celsia Colombia ESP's highest Forward Rate of Return was 20.08. The lowest was -1.71. And the median was 13.36.

BOG:CSACOL's Forward Rate of Return (Yacktman) % is not ranked
in the Utilities - Independent Power Producers industry.
Industry Median: 6.395 vs BOG:CSACOL: 14.97

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.


Celsia Colombia ESP  (BOG:CSACOL) 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.


Celsia Colombia ESP Forward Rate of Return (Yacktman) % Related Terms


Celsia Colombia ESP Forward Rate of Return (Yacktman) % Historical Data

* Premium members only.

The historical data trend for Celsia Colombia ESP'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.

Celsia Colombia ESP Forward Rate of Return (Yacktman) % Chart

Celsia Colombia ESP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Forward Rate of Return (Yacktman) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.41 19.43 19.32 10.65 14.97

Celsia Colombia ESP Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Forward Rate of Return (Yacktman) % Get a 7-Day Free Trial 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 11.47 13.04 14.29 14.97 0.00

BOG:CSACOL vs BE: Forward Rate of Return (Yacktman) % Comparison

For the Utilities - Renewable subindustry, Celsia Colombia ESP'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.


Celsia Colombia ESP Forward Rate of Return (Yacktman) % vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Celsia Colombia ESP's Forward Rate of Return (Yacktman) % distribution charts can be found below:

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


BOG:CSACOL
17GF Score
Celsia Colombia SA ESP BOG:CSACOL
Forward Rate of Return (Yacktman) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Celsia Colombia ESP 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).

Celsia Colombia ESP's Forward Rate of Return of Dec. 2025 is

Forward Rate of Return=Normalized Free Cash Flow/Price+5-Year EBITDA Growth Rate
=-212.80819048/18905+0.1354
=12.41 %

* 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 14.97% mean?
Celsia Colombia ESP (BOG:CSACOL) has a Forward Rate of Return (Yacktman) % of 14.97% 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 Celsia Colombia ESP and its competitors. This is 12% above median its historical median of 13.36.
Is Celsia Colombia ESP's Forward Rate of Return (Yacktman) % too high?
Celsia Colombia ESP's current Forward Rate of Return (Yacktman) % of 14.97% is 12% above median its 10-year median of 13.36. The Utilities - Independent Power Producers industry median Forward Rate of Return (Yacktman) % is 6.40. Celsia Colombia ESP's value of 14.97% is 134.1% above this industry median. Overall, Celsia Colombia ESP has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Celsia Colombia ESP's Forward Rate of Return (Yacktman) % compare to BE?
Celsia Colombia ESP's Forward Rate of Return (Yacktman) % of 14.97% can be compared against companies in the Utilities - Independent Power Producers industry. The industry median Forward Rate of Return (Yacktman) % is 6.40. Celsia Colombia ESP's value of 14.97% is 134.1% above this benchmark. While the company's 10-year median is 13.36 vs. the industry median of 6.40, Celsia Colombia ESP 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 an Utilities - Independent Power Producers company?
The median Forward Rate of Return (Yacktman) % among Utilities - Independent Power Producers companies is 6.40, based on 260 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. Celsia Colombia ESP's current Forward Rate of Return (Yacktman) % of 14.97% is 134.1% 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 Celsia Colombia ESP and its competitors. For the Utilities - Independent Power Producers industry, the median Forward Rate of Return (Yacktman) % is 6.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Celsia Colombia ESP's current Forward Rate of Return (Yacktman) % is 14.97%, which is 12% above median its own 10-year median of 13.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Celsia Colombia ESP stock overvalued right now?
Celsia Colombia ESP (BOG:CSACOL) has a current Forward Rate of Return (Yacktman) % of 14.97%. The stock's GF Value™ is COP25,497.79, compared to a current price of COP18,905.00 — trading 25.9% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 14.97%, which is 12% above median its 10-year median of 13.36 and 134.1% above the Utilities - Independent Power Producers industry median of 6.40. Celsia Colombia ESP's overall GF Score™ is 17/100 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 Celsia Colombia ESP (BOG:CSACOL), the current Forward Rate of Return (Yacktman) % is 14.97% 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 Celsia Colombia ESP (BOG:CSACOL) Overvalued in 2026?

Based on GuruFocus' analysis, Celsia Colombia ESP stock appears to be undervalued. The current stock price of COP18,905.00 is trading 25.9% below its estimated GF Value™ of COP25,497.79.

Key valuation signals for BOG:CSACOL:

  • Forward Rate of Return (Yacktman) %: 14.97% (12% above median its 10-year median of 13.36)
  • GF Value™: COP25,497.79 vs. price of COP18,905.00 (25.9% below fair value)
  • GF Score™: 17/100 with 9 warning signs
  • Industry Position: 134.1% above the Utilities - Independent Power Producers median

No single metric tells the full story. See the BOG:CSACOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Celsia Colombia ESP Business Description

Address Calle 15 No. 29B 30 Autopista, Valle del Cauca, Cali, Yumbo, COL
Celsia Colombia SA ESP is engaged in the generation of hydroelectric energy. The company engages in generation, transmission, distribution, and sale of electricity. Its power generation plants include Run-of-the-river that uses river's flow to generate electricity; and Reservoir that generates energy through stored water. The company's produced electricity is sold to wholesale markets (energy market), regulated market (small consumers) and non-regulated market (large consumers). Revenue for the company is derived from the production and sale of electricity.
17GF Score

Get the complete analysis for BOG:CSACOL

Forward Rate of Return (Yacktman) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

COP18,905.00
Price
COP25,497.79
GF Value