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Banco Daycoval S.A.BSP:DAYC3 Forward Rate of Return (Yacktman) % is 20.50% as of Jun. 2016, which is 33% above its 10-year median of 15.40. The stock has 3 warning signs investors should review.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Banco Daycoval S.A.'s forward rate of return for was 20.50%.
The historical rank and industry rank for Banco Daycoval S.A.'s Forward Rate of Return (Yacktman) % or its related term are showing as below:
BSP:DAYC3'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 1 Med: 15.4 Max: 40.8
Current: 20.72
During the past 10 years, Banco Daycoval S.A.'s highest Forward Rate of Return was 40.80. The lowest was 1.00. And the median was 15.40.
BSP:DAYC3's Forward Rate of Return (Yacktman) % is not ranked
in the Banks industry.
Industry Median: 15.35
vs BSP:DAYC3: 20.72
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.
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.
Banco Daycoval S.A. Forward Rate of Return (Yacktman) % Related Terms
Banco Daycoval S.A. Forward Rate of Return (Yacktman) % Historical Data
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The historical data trend for Banco Daycoval S.A.'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.
Banco Daycoval S.A. Forward Rate of Return (Yacktman) % Chart
BSP:DAYC3 vs FISI, MBIN, WSBF: Forward Rate of Return (Yacktman) % Comparison
For the Banks - Regional subindustry, Banco Daycoval S.A.'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.
Banco Daycoval S.A. Forward Rate of Return (Yacktman) % vs Banks Industry
For the Banks industry and Financial Services sector, Banco Daycoval S.A.'s Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Banco Daycoval S.A.'s Forward Rate of Return (Yacktman) % falls into.
Banco Daycoval S.A. 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 20.50% mean?
Banco Daycoval S.A. (BSP:DAYC3) has a Forward Rate of Return (Yacktman) % of 20.50% as of Jun. 2016. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Banco Daycoval S.A. and its competitors. This is 33% above median its historical median of 15.40. Over the past decade, Banco Daycoval S.A.'s Forward Rate of Return (Yacktman) % has ranged from 1.00 to 40.80.
Is Banco Daycoval S.A.'s Forward Rate of Return (Yacktman) % too high?
Banco Daycoval S.A.'s current Forward Rate of Return (Yacktman) % of 20.50% is 33% above median its 10-year median of 15.40. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 40.80. The Banks industry median Forward Rate of Return (Yacktman) % is 15.35. Banco Daycoval S.A.'s value of 20.50% is 33.6% above this industry median.
How does Banco Daycoval S.A.'s Forward Rate of Return (Yacktman) % compare to FISI and MBIN?
Banco Daycoval S.A.'s Forward Rate of Return (Yacktman) % of 20.50% can be compared against companies in the Banks industry. The industry median Forward Rate of Return (Yacktman) % is 15.35. Banco Daycoval S.A.'s value of 20.50% is 33.6% above this benchmark. Historically, Banco Daycoval S.A.'s own Forward Rate of Return (Yacktman) % has ranged from 1.00 to 40.80 over the past decade. While the company's 10-year median is 15.40 vs. the industry median of 15.35, Banco Daycoval S.A. 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 Banks company?
The median Forward Rate of Return (Yacktman) % among Banks companies is 15.35, based on 1,414 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. Banco Daycoval S.A.'s current Forward Rate of Return (Yacktman) % of 20.50% is 33.6% 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 Banco Daycoval S.A. and its competitors. For the Banks industry, the median Forward Rate of Return (Yacktman) % is 15.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banco Daycoval S.A.'s current Forward Rate of Return (Yacktman) % is 20.50%, which is 33% above median its own 10-year median of 15.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco Daycoval S.A. stock overvalued right now?
Banco Daycoval S.A. (BSP:DAYC3) has a current Forward Rate of Return (Yacktman) % of 20.50%. The current Forward Rate of Return (Yacktman) % is 20.50%, which is 33% above median its 10-year median of 15.40 and 33.6% above the Banks industry median of 15.35. 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 Banco Daycoval S.A. (BSP:DAYC3), the current Forward Rate of Return (Yacktman) % is 20.50% as of Jun. 2016. 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.
Banco Daycoval S.A. was founded in 1968. It is a is a commercial bank. The Company along with its subsidiaries is engaged in commercial, foreign exchange, investment and lending portfolios. It also provide services including management of assets, life insurance and pension plans. The Company operates in four business segments: financial segment; asset management segment; insurance and pension fund segment; andother segments. Financial segment - handles individual customer deposits and provides loan, overdraft, credit card, and wire transfer services, and performs treasury, finance and other core functions; Asset management segment - services to institutional investors and intermediaries by providing financial asset management through investment funds; and Insurance and pension fund segment - offers life insurance and open-end supplementary pension funds, by operating lump-sum and annuity plans, consisting of the plans' participants' contributions.
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