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Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Goldcrest Co's forward rate of return for was -13.63%.
The historical rank and industry rank for Goldcrest Co's Forward Rate of Return (Yacktman) % or its related term are showing as below:
CDCTF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -15.19 Med: 7.85 Max: 35.86
Current: -13.96
During the past 13 years, Goldcrest Co's highest Forward Rate of Return was 35.86. The lowest was -15.19. And the median was 7.85.
CDCTF's Forward Rate of Return (Yacktman) % is ranked worse than 78.2% of 1303
companies
in the Real Estate industry
Industry Median: 6.66
vs CDCTF: -13.96
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.
Goldcrest Co (OTCPK:CDCTF) 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.
Goldcrest Co Forward Rate of Return (Yacktman) % Related Terms
Goldcrest Co Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Goldcrest Co'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.
Goldcrest Co Forward Rate of Return (Yacktman) % Chart
Goldcrest Co Forward Rate of Return (Yacktman) % Competitor Comparison
For the Real Estate - Development subindustry, Goldcrest Co'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.
Goldcrest Co Forward Rate of Return (Yacktman) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Goldcrest Co's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Goldcrest Co's Forward Rate of Return (Yacktman) % falls into.
Goldcrest Co 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).
Goldcrest Co's Forward Rate of Return of Mar. 2026 is
Forward Rate of Return
=
Normalized Free Cash Flow
/
Price
+
5-Year EBITDA Growth Rate
=
-2.5255
/
20.55
+
-0.0761
=
-19.90 %
* 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 -13.63% mean?
Goldcrest Co (CDCTF) has a Forward Rate of Return (Yacktman) % of -13.63% as of Mar. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Goldcrest Co and its competitors. According to the industry distribution chart, Goldcrest Co ranks #1019 out of 1303 companies in the Real Estate industry, placing it in the top 78.2%.
Is Goldcrest Co's Forward Rate of Return (Yacktman) % too high?
Goldcrest Co's current Forward Rate of Return (Yacktman) % is -13.63%. Based on the distribution chart, Goldcrest Co ranks #1019 out of 1303 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Goldcrest Co has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Goldcrest Co's Forward Rate of Return (Yacktman) % compare to competitors?
According to the Real Estate industry distribution chart, Goldcrest Co ranks #1019 out of 1303 companies for Forward Rate of Return (Yacktman) %. This places Goldcrest Co in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 6.66. 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 Real Estate company?
The median Forward Rate of Return (Yacktman) % among Real Estate companies is 6.66, based on 1,303 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. 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 Goldcrest Co and its competitors. For the Real Estate industry, the median Forward Rate of Return (Yacktman) % is 6.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goldcrest Co's current Forward Rate of Return (Yacktman) % is -13.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goldcrest Co stock overvalued right now?
Goldcrest Co (CDCTF) has a current Forward Rate of Return (Yacktman) % of -13.63%. The stock's GF Value™ is $23.42, compared to a current price of $20.55 — trading 12.3% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is -13.63%. Goldcrest Co's overall GF Score™ is 77/100 with 3 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 Goldcrest Co (CDCTF), the current Forward Rate of Return (Yacktman) % is -13.63% as of Mar. 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 Goldcrest Co (CDCTF) Overvalued in 2026?
Based on GuruFocus' analysis, Goldcrest Co stock appears to be undervalued.
The current stock price of $20.55 is trading 12.3% below its estimated GF Value™ of $23.42.
Key valuation signals for CDCTF:
Forward Rate of Return (Yacktman) %: -13.63%
GF Value™: $23.42 vs. price of $20.55 (12.3% below fair value)
No single metric tells the full story. See the CDCTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Goldcrest Co Ltd is a property development company. It is engaged in the development and sale of condominiums in and around the Tokyo Metropolitan Area. The Company operates in three business segments such as Real Estate Sales, Real Estate Leasing, and Others. The Real Estate Sales segment deals with the development and marketing of condominiums such as Crest City, Crest Form series and Crest Residence. The Real Estate Leasing segment involves with office building and apartment leasing activities. The others segment offers real estate management services.
77GF Score
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