SSP Group (CHIX:SSPGL) Forward Rate of Return (Yacktman) %: 33.91% (As of Sep. 2025) — 109% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

CHIX:SSPGL SSP Group PLC CHIX:SSPGL
82 GF Score
Price £2.00
GF Value £2.02
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is SSP Group Forward Rate of Return (Yacktman) %?

SSP Group CHIX:SSPGL -1.09% 82 Forward Rate of Return (Yacktman) % is 33.91% as of Sep. 2025, which is 109% above its 10-year median of 16.24. GuruFocus rates CHIX:SSPGL with a GF Score™ of 82/100 and a GF Value™ of £2.02 (Fairly Valued). The stock has 9 warning signs investors should review. Among 253 Restaurants companies, SSP Group ranks better than 87.35% on this metric.

Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. SSP Group's forward rate of return for was 33.91%.

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

CHIX:SSPGl' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -43.38   Med: 16.24   Max: 36.49
Current: 31.86

During the past 13 years, SSP Group's highest Forward Rate of Return was 36.49. The lowest was -43.38. And the median was 16.24.

CHIX:SSPGl's Forward Rate of Return (Yacktman) % is ranked better than
87.35% of 253 companies
in the Restaurants industry
Industry Median: 13.85 vs CHIX:SSPGl: 31.86

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.


SSP Group  (CHIX:SSPGl) 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.


SSP Group Forward Rate of Return (Yacktman) % Related Terms


SSP Group Forward Rate of Return (Yacktman) % Historical Data

* Premium members only.

The historical data trend for SSP Group'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.

SSP Group Forward Rate of Return (Yacktman) % Chart

SSP Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Forward Rate of Return (Yacktman) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -43.11 -23.85 2.54 30.51 33.91

SSP Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 0.00 30.51 0.00 33.91 0.00

CHIX:SSPGL vs MCD, SBUX, YUM: Forward Rate of Return (Yacktman) % Comparison

For the Restaurants subindustry, SSP Group'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.


SSP Group Forward Rate of Return (Yacktman) % vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, SSP Group's Forward Rate of Return (Yacktman) % distribution charts can be found below:

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


CHIX:SSPGL
82GF Score
SSP Group PLC CHIX:SSPGL
Forward Rate of Return (Yacktman) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SSP Group 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).

SSP Group's Forward Rate of Return of Sep. 2025 is

Forward Rate of Return=Normalized Free Cash Flow/Price+5-Year EBITDA Growth Rate
=0.23833333/1.7185+0.2
=33.87 %

* 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 33.91% mean?
SSP Group (CHIX:SSPGL) has a Forward Rate of Return (Yacktman) % of 33.91% as of Sep. 2025. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on SSP Group and its competitors. This is 109% above median its historical median of 16.24. According to the industry distribution chart, SSP Group ranks #32 out of 253 companies in the Restaurants industry, placing it in the top 12.6%.
Is SSP Group's Forward Rate of Return (Yacktman) % too high?
SSP Group's current Forward Rate of Return (Yacktman) % of 33.91% is 109% above median its 10-year median of 16.24. The Restaurants industry median Forward Rate of Return (Yacktman) % is 13.85. SSP Group's value of 33.91% is 144.8% above this industry median. Based on the distribution chart, SSP Group ranks #32 out of 253 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, SSP Group has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SSP Group's Forward Rate of Return (Yacktman) % compare to MCD and SBUX?
According to the Restaurants industry distribution chart, SSP Group ranks #32 out of 253 companies for Forward Rate of Return (Yacktman) %. This places SSP Group in the top 13% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 13.85. SSP Group's value of 33.91% is 144.8% above this benchmark. While the company's 10-year median is 16.24 vs. the industry median of 13.85, SSP Group 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 Restaurants company?
The median Forward Rate of Return (Yacktman) % among Restaurants companies is 13.85, based on 253 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. SSP Group's current Forward Rate of Return (Yacktman) % of 33.91% is 144.8% 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 SSP Group and its competitors. For the Restaurants industry, the median Forward Rate of Return (Yacktman) % is 13.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SSP Group's current Forward Rate of Return (Yacktman) % is 33.91%, which is 109% above median its own 10-year median of 16.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SSP Group stock overvalued right now?
Based on GuruFocus' analysis, SSP Group (CHIX:SSPGL) is currently considered Fairly Valued. The stock's GF Value™ is £2.02, compared to a current price of £2.00 — trading 0.8% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 33.91%, which is 109% above median its 10-year median of 16.24 and 144.8% above the Restaurants industry median of 13.85. SSP Group's overall GF Score™ is 82/100 with 9 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 SSP Group (CHIX:SSPGL), the current Forward Rate of Return (Yacktman) % is 33.91% as of Sep. 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 SSP Group (CHIX:SSPGL) Overvalued in 2026?

Based on GuruFocus' analysis, SSP Group stock appears to be undervalued. The current stock price of £2.00 is trading 0.8% below its estimated GF Value™ of £2.02. GuruFocus considers SSP Group to be Fairly Valued.

Key valuation signals for CHIX:SSPGL:

  • Forward Rate of Return (Yacktman) %: 33.91% (109% above median its 10-year median of 16.24)
  • GF Value™: £2.02 vs. price of £2.00 (0.8% below fair value)
  • GF Score™: 82/100 with 9 warning signs
  • Industry Position: 144.8% above the Restaurants median (#32 of 253)

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


SSP Group Business Description

Address 32 Jamestown Road, Jamestown Wharf, London, GBR, NW1 7HW
SSP Group PLC operates food and beverage units in travel locations such as airports and railway stations. Units range from coffee shops and sandwich bars to casual and fine-dining restaurants. Its units operate under more than 300 different brand names, including both proprietary brands and franchised brands, such as Starbucks and Burger King. Its segments include the UK and Ireland, Continental Europe, North America, and Asia Pacific and Eastern Europe & Middle East (APAC & EEME).
82GF Score

Get the complete analysis for CHIX:SSPGL

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

£2.00
Price
£2.02
GF Value