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CIAneamento Do Parana-SANEPARBSP:SAPR3 -0.41%88 Forward Rate of Return (Yacktman) % is 33.63% as of Jun. 2026, which is 85% above its 10-year median of 18.21. GuruFocus rates BSP:SAPR3 with a GF Score™ of 88/100 and a GF Value™ of R$7.15 (Fairly Valued). The stock has 5 warning signs investors should review. Among 425 Utilities - Regulated companies, CIAneamento Do Parana-SANEPAR ranks better than 96.71% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. CIAneamento Do Parana-SANEPAR's forward rate of return for was 33.63%.
The historical rank and industry rank for CIAneamento Do Parana-SANEPAR's Forward Rate of Return (Yacktman) % or its related term are showing as below:
BSP:SAPR3'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 10.64 Med: 18.21 Max: 35.92
Current: 35.54
During the past 13 years, CIAneamento Do Parana-SANEPAR's highest Forward Rate of Return was 35.92. The lowest was 10.64. And the median was 18.21.
BSP:SAPR3's Forward Rate of Return (Yacktman) % is ranked better than 96.71% of 425
companies
in the Utilities - Regulated industry
Industry Median: 6.5
vs BSP:SAPR3: 35.54
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.
CIAneamento Do Parana-SANEPAR (BSP:SAPR3) 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.
CIAneamento Do Parana-SANEPAR Forward Rate of Return (Yacktman) % Related Terms
CIAneamento Do Parana-SANEPAR Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for CIAneamento Do Parana-SANEPAR'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.
CIAneamento Do Parana-SANEPAR Forward Rate of Return (Yacktman) % Chart
BSP:SAPR3 vs AWK, WTRG, AWR: Forward Rate of Return (Yacktman) % Comparison
For the Utilities - Regulated Water subindustry, CIAneamento Do Parana-SANEPAR'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.
CIAneamento Do Parana-SANEPAR Forward Rate of Return (Yacktman) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CIAneamento Do Parana-SANEPAR's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where CIAneamento Do Parana-SANEPAR's Forward Rate of Return (Yacktman) % falls into.
CIAneamento Do Parana-SANEPAR 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 33.63% mean?
CIAneamento Do Parana-SANEPAR (BSP:SAPR3) has a Forward Rate of Return (Yacktman) % of 33.63% 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 CIAneamento Do Parana-SANEPAR and its competitors. This is 85% above median its historical median of 18.21. Over the past decade, CIAneamento Do Parana-SANEPAR's Forward Rate of Return (Yacktman) % has ranged from 10.64 to 35.92. According to the industry distribution chart, CIAneamento Do Parana-SANEPAR ranks #14 out of 425 companies in the Utilities - Regulated industry, placing it in the top 3.3%.
Is CIAneamento Do Parana-SANEPAR's Forward Rate of Return (Yacktman) % too high?
CIAneamento Do Parana-SANEPAR's current Forward Rate of Return (Yacktman) % of 33.63% is 85% above median its 10-year median of 18.21. Over the past 10 years, this metric has ranged from a low of 10.64 to a high of 35.92. The Utilities - Regulated industry median Forward Rate of Return (Yacktman) % is 6.50. CIAneamento Do Parana-SANEPAR's value of 33.63% is 417.4% above this industry median. Based on the distribution chart, CIAneamento Do Parana-SANEPAR ranks #14 out of 425 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, CIAneamento Do Parana-SANEPAR has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CIAneamento Do Parana-SANEPAR's Forward Rate of Return (Yacktman) % compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, CIAneamento Do Parana-SANEPAR ranks #14 out of 425 companies for Forward Rate of Return (Yacktman) %. This places CIAneamento Do Parana-SANEPAR in the top 3% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 6.50. CIAneamento Do Parana-SANEPAR's value of 33.63% is 417.4% above this benchmark. Historically, CIAneamento Do Parana-SANEPAR's own Forward Rate of Return (Yacktman) % has ranged from 10.64 to 35.92 over the past decade. While the company's 10-year median is 18.21 vs. the industry median of 6.50, CIAneamento Do Parana-SANEPAR 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 - Regulated company?
The median Forward Rate of Return (Yacktman) % among Utilities - Regulated companies is 6.50, based on 425 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. CIAneamento Do Parana-SANEPAR's current Forward Rate of Return (Yacktman) % of 33.63% is 417.4% 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 CIAneamento Do Parana-SANEPAR and its competitors. For the Utilities - Regulated industry, the median Forward Rate of Return (Yacktman) % is 6.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CIAneamento Do Parana-SANEPAR's current Forward Rate of Return (Yacktman) % is 33.63%, which is 85% above median its own 10-year median of 18.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CIAneamento Do Parana-SANEPAR stock overvalued right now?
Based on GuruFocus' analysis, CIAneamento Do Parana-SANEPAR (BSP:SAPR3) is currently considered Fairly Valued. The stock's GF Value™ is R$7.15, compared to a current price of R$7.30 — trading 2.1% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 33.63%, which is 85% above median its 10-year median of 18.21 and 417.4% above the Utilities - Regulated industry median of 6.50. CIAneamento Do Parana-SANEPAR's overall GF Score™ is 88/100 with 5 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 CIAneamento Do Parana-SANEPAR (BSP:SAPR3), the current Forward Rate of Return (Yacktman) % is 33.63% 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 CIAneamento Do Parana-SANEPAR (BSP:SAPR3) Overvalued in 2026?
Based on GuruFocus' analysis, CIAneamento Do Parana-SANEPAR stock appears to be overvalued.
The current stock price of R$7.30 is trading 2.1% above its estimated GF Value™ of R$7.15.
GuruFocus considers CIAneamento Do Parana-SANEPAR to be Fairly Valued.
Key valuation signals for BSP:SAPR3:
Forward Rate of Return (Yacktman) %: 33.63% (85% above median its 10-year median of 18.21)
GF Value™: R$7.15 vs. price of R$7.30 (2.1% above fair value)
Industry Position: 417.4% above the Utilities - Regulated median (#14 of 425)
No single metric tells the full story. See the BSP:SAPR3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CIA Saneamento Do Parana-SANEPAR provides treated water supply sewage collection & treatment, and Solid waste management services. The company provides sanitation services to cities, smaller areas, and municipalities. The firm operates in two business segments: Water treatment & distribution and Sanitary Sewage collection & treatment. It has a network for the withdrawal & distribution of drinking water, sewage collection, and the discharge of treated sewage. The firm operates landfills in Apucarana, Cornello, Procopio, and Cianorte for solid waste management. The majority of revenue get derived from the Water distribution and treatment segment.
88GF Score
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