Ennakl (CAS:NKL) Forward Rate of Return (Yacktman) %: 18.12% (As of Dec. 2025) — 11% Above Median

Author: Vera Yuan Vera Yuan
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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.
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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.

CAS:NKL Ennakl CAS:NKL
84 GF Score
Price MAD49.10
GF Value MAD46.37
Valuation Fairly Valued
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What is Ennakl Forward Rate of Return (Yacktman) %?

Ennakl CAS:NKL +0.20% 84 Forward Rate of Return (Yacktman) % is 18.12% as of Dec. 2025, which is 11% above its 10-year median of 16.27. GuruFocus rates CAS:NKL with a GF Score™ of 84/100 and a GF Value™ of MAD46.37 (Fairly Valued). Among 996 Vehicles & Parts companies, Ennakl ranks better than 68.37% on this metric.

Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Ennakl's forward rate of return for was 18.12%.

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

CAS:NKL' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 5.81   Med: 16.27   Max: 24.85
Current: 17.53

During the past 13 years, Ennakl's highest Forward Rate of Return was 24.85. The lowest was 5.81. And the median was 16.27.

CAS:NKL's Forward Rate of Return (Yacktman) % is ranked better than
68.37% of 996 companies
in the Vehicles & Parts industry
Industry Median: 10.325 vs CAS:NKL: 17.53

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.


Ennakl  (CAS:NKL) 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.


Ennakl Forward Rate of Return (Yacktman) % Related Terms


Ennakl Forward Rate of Return (Yacktman) % Historical Data

* Premium members only.

The historical data trend for Ennakl'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.

Ennakl Forward Rate of Return (Yacktman) % Chart

Ennakl 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 8.81 12.45 18.01 16.70 18.12

Ennakl Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 18.01 0.00 16.70 0.00 18.12

CAS:NKL vs CVNA, PAG, ALTB: Forward Rate of Return (Yacktman) % Comparison

For the Auto & Truck Dealerships subindustry, Ennakl'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.


Ennakl Forward Rate of Return (Yacktman) % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ennakl's Forward Rate of Return (Yacktman) % distribution charts can be found below:

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


CAS:NKL
84GF Score
Ennakl CAS:NKL
Forward Rate of Return (Yacktman) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ennakl 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).

Ennakl's Forward Rate of Return of Dec. 2025 is

Forward Rate of Return=Normalized Free Cash Flow/Price+5-Year EBITDA Growth Rate
=1.77816667/54+0.1445
=17.74 %

* 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 18.12% mean?
Ennakl (CAS:NKL) has a Forward Rate of Return (Yacktman) % of 18.12% 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 Ennakl and its competitors. This is 11% above median its historical median of 16.27. Over the past decade, Ennakl's Forward Rate of Return (Yacktman) % has ranged from 5.81 to 24.85. According to the industry distribution chart, Ennakl ranks #315 out of 996 companies in the Vehicles & Parts industry, placing it in the top 31.6%.
Is Ennakl's Forward Rate of Return (Yacktman) % too high?
Ennakl's current Forward Rate of Return (Yacktman) % of 18.12% is 11% above median its 10-year median of 16.27. Over the past 10 years, this metric has ranged from a low of 5.81 to a high of 24.85. The Vehicles & Parts industry median Forward Rate of Return (Yacktman) % is 10.33. Ennakl's value of 18.12% is 75.5% above this industry median. Based on the distribution chart, Ennakl ranks #315 out of 996 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Ennakl has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ennakl's Forward Rate of Return (Yacktman) % compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Ennakl ranks #315 out of 996 companies for Forward Rate of Return (Yacktman) %. This puts Ennakl in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 10.33. Ennakl's value of 18.12% is 75.5% above this benchmark. Historically, Ennakl's own Forward Rate of Return (Yacktman) % has ranged from 5.81 to 24.85 over the past decade. While the company's 10-year median is 16.27 vs. the industry median of 10.33, Ennakl 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 Vehicles & Parts company?
The median Forward Rate of Return (Yacktman) % among Vehicles & Parts companies is 10.33, based on 996 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. Ennakl's current Forward Rate of Return (Yacktman) % of 18.12% is 75.5% 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 Ennakl and its competitors. For the Vehicles & Parts industry, the median Forward Rate of Return (Yacktman) % is 10.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ennakl's current Forward Rate of Return (Yacktman) % is 18.12%, which is 11% above median its own 10-year median of 16.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ennakl stock overvalued right now?
Based on GuruFocus' analysis, Ennakl (CAS:NKL) is currently considered Fairly Valued. The stock's GF Value™ is MAD46.37, compared to a current price of MAD49.10 — trading 5.9% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 18.12%, which is 11% above median its 10-year median of 16.27 and 75.5% above the Vehicles & Parts industry median of 10.33. Ennakl's overall GF Score™ is 84/100. 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 Ennakl (CAS:NKL), the current Forward Rate of Return (Yacktman) % is 18.12% 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 Ennakl (CAS:NKL) Overvalued in 2026?

Based on GuruFocus' analysis, Ennakl stock appears to be overvalued. The current stock price of MAD49.10 is trading 5.9% above its estimated GF Value™ of MAD46.37. GuruFocus considers Ennakl to be Fairly Valued.

Key valuation signals for CAS:NKL:

  • Forward Rate of Return (Yacktman) %: 18.12% (11% above median its 10-year median of 16.27)
  • GF Value™: MAD46.37 vs. price of MAD49.10 (5.9% above fair value)
  • GF Score™: 84/100
  • Industry Position: 75.5% above the Vehicles & Parts median (#315 of 996)

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


Ennakl Business Description

Other Exchanges NAKL:Tunisia
Address Industrial Zone La Charguia II, Tunis, TUN, 0001949C
Ennakl is the official importer and dealer in Tunisia Volkswagen, Volkswagen Commercial, Audi, Porsche and Seat. The Company is also developing an after sales service and marketing of spare parts through its subsidiary AS BIG.
84GF Score

Get the complete analysis for CAS:NKL

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

MAD49.10
Price
MAD46.37
GF Value