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SALAFIN (Groupe BMCE)CAS:SLF 45 Forward Rate of Return (Yacktman) % is 5.10% as of Dec. 2025, which is 11% below its 10-year median of 5.74. GuruFocus rates CAS:SLF with a GF Score™ of 45/100 and a GF Value™ of MAD578.05 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 392 Credit Services companies, SALAFIN (Groupe BMCE) ranks better than 54.08% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. SALAFIN (Groupe BMCE)'s forward rate of return for was 5.10%.
The historical rank and industry rank for SALAFIN (Groupe BMCE)'s Forward Rate of Return (Yacktman) % or its related term are showing as below:
CAS:SLF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 0.05 Med: 5.74 Max: 12.67
Current: 6.91
During the past 13 years, SALAFIN (Groupe BMCE)'s highest Forward Rate of Return was 12.67. The lowest was 0.05. And the median was 5.74.
CAS:SLF's Forward Rate of Return (Yacktman) % is ranked better than 54.08% of 392
companies
in the Credit Services industry
Industry Median: 4.585
vs CAS:SLF: 6.91
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.
SALAFIN (Groupe BMCE) Forward Rate of Return (Yacktman) % Related Terms
SALAFIN (Groupe BMCE) Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for SALAFIN (Groupe BMCE)'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.
SALAFIN (Groupe BMCE) Forward Rate of Return (Yacktman) % Chart
CAS:SLF vs V, MA, AXP: Forward Rate of Return (Yacktman) % Comparison
For the Credit Services subindustry, SALAFIN (Groupe BMCE)'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.
SALAFIN (Groupe BMCE) Forward Rate of Return (Yacktman) % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, SALAFIN (Groupe BMCE)'s Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where SALAFIN (Groupe BMCE)'s Forward Rate of Return (Yacktman) % falls into.
SALAFIN (Groupe BMCE) 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 5.10% mean?
SALAFIN (Groupe BMCE) (CAS:SLF) has a Forward Rate of Return (Yacktman) % of 5.10% 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 SALAFIN (Groupe BMCE) and its competitors. This is 11% below median its historical median of 5.74. Over the past decade, SALAFIN (Groupe BMCE)'s Forward Rate of Return (Yacktman) % has ranged from 0.05 to 12.67. According to the industry distribution chart, SALAFIN (Groupe BMCE) ranks #180 out of 392 companies in the Credit Services industry, placing it in the top 45.9%.
Is SALAFIN (Groupe BMCE)'s Forward Rate of Return (Yacktman) % too high?
SALAFIN (Groupe BMCE)'s current Forward Rate of Return (Yacktman) % of 5.10% is 11% below median its 10-year median of 5.74. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 12.67. The Credit Services industry median Forward Rate of Return (Yacktman) % is 4.59. SALAFIN (Groupe BMCE)'s value of 5.10% is 11.2% above this industry median. Based on the distribution chart, SALAFIN (Groupe BMCE) ranks #180 out of 392 companies in the Credit Services industry, which is above the industry midpoint. Overall, SALAFIN (Groupe BMCE) has a GF Score™ of 45/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SALAFIN (Groupe BMCE)'s Forward Rate of Return (Yacktman) % compare to V and MA?
According to the Credit Services industry distribution chart, SALAFIN (Groupe BMCE) ranks #180 out of 392 companies for Forward Rate of Return (Yacktman) %. This puts SALAFIN (Groupe BMCE) in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 4.59. SALAFIN (Groupe BMCE)'s value of 5.10% is 11.2% above this benchmark. Historically, SALAFIN (Groupe BMCE)'s own Forward Rate of Return (Yacktman) % has ranged from 0.05 to 12.67 over the past decade. While the company's 10-year median is 5.74 vs. the industry median of 4.59, SALAFIN (Groupe BMCE) 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 Credit Services company?
The median Forward Rate of Return (Yacktman) % among Credit Services companies is 4.59, based on 392 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. SALAFIN (Groupe BMCE)'s current Forward Rate of Return (Yacktman) % of 5.10% is 11.2% 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 SALAFIN (Groupe BMCE) and its competitors. For the Credit Services industry, the median Forward Rate of Return (Yacktman) % is 4.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SALAFIN (Groupe BMCE)'s current Forward Rate of Return (Yacktman) % is 5.10%, which is 11% below median its own 10-year median of 5.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SALAFIN (Groupe BMCE) stock overvalued right now?
Based on GuruFocus' analysis, SALAFIN (Groupe BMCE) (CAS:SLF) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD578.05, compared to a current price of MAD430.00 — trading 25.6% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 5.10%, which is 11% below median its 10-year median of 5.74 and 11.2% above the Credit Services industry median of 4.59. SALAFIN (Groupe BMCE)'s overall GF Score™ is 45/100 with 2 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 SALAFIN (Groupe BMCE) (CAS:SLF), the current Forward Rate of Return (Yacktman) % is 5.10% 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 SALAFIN (Groupe BMCE) (CAS:SLF) Overvalued in 2026?
Based on GuruFocus' analysis, SALAFIN (Groupe BMCE) stock appears to be undervalued.
The current stock price of MAD430.00 is trading 25.6% below its estimated GF Value™ of MAD578.05.
GuruFocus considers SALAFIN (Groupe BMCE) to be Modestly Undervalued.
Key valuation signals for CAS:SLF:
Forward Rate of Return (Yacktman) %: 5.10% (11% below median its 10-year median of 5.74)
GF Value™: MAD578.05 vs. price of MAD430.00 (25.6% below fair value)
Industry Position: 11.2% above the Credit Services median (#180 of 392)
No single metric tells the full story. See the CAS:SLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SALAFIN (Groupe BMCE) is a Morocco-based company. It is a finance company. It offers consumer credit services. The company operates through various business segments that are Personal Credit, which include personal loan, and mortgage credit; Auto Financing, which provides car loans; and Revolving Credit.
45GF Score
Get the complete analysis for CAS:SLF
Forward Rate of Return (Yacktman) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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