CRWN has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
CRWN has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Crown Media Holdings's forward rate of return for was 4.15%.
The historical rank and industry rank for Crown Media Holdings's Forward Rate of Return (Yacktman) % or its related term are showing as below:
Unlike the Earnings Yield %, the Forward Rate of Return uses the normalized Free Cash Flow of the past seven 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.
The historical data trend for Crown Media Holdings'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.
Crown Media Holdings Annual Data | |||||||||||||||||||||
Trend | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | |||||||||||
Forward Rate of Return (Yacktman) % | Get a 7-Day Free Trial | 22.81 | -2.87 | -15.77 | -10.06 | 4.15 |
Crown Media Holdings Quarterly Data | ||||||||||||||||||||
Mar11 | Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | |
Forward Rate of Return (Yacktman) % | Get a 7-Day Free Trial | -10.06 | -7.06 | -3.32 | 0.03 | 4.15 |
For the Broadcasting subindustry, Crown Media Holdings'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.
For the Media - Diversified industry and Communication Services sector, Crown Media Holdings's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Crown Media Holdings's Forward Rate of Return (Yacktman) % falls into.
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).
Crown Media Holdings's Forward Rate of Return of Dec. 2015 is
Forward Rate of Return | = | Normalized Free Cash Flow | / | Price | + | 5-Year EBITDA Growth Rate |
= | 0.15409524 | / | 5.61 | + | 0.014 | |
= | 4.15 % |
* 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.
Crown Media Holdings (NAS:CRWN) 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.
Thank you for viewing the detailed overview of Crown Media Holdings's Forward Rate of Return (Yacktman) % provided by GuruFocus.com. Please click on the following links to see related term pages.
David Kenin | officer: Executive Vice President | C/O WORLD WRESTLING ENTERTAINMENT, INC., 1241 EAST MAIN STREET, STAMFORD CT 06902 |
Arnold L Chavkin | director | JP MORGAN PARTNERS, 1221 AVENUE OF THE AMERICAS 40TH FLOOR, NEW YORK NY 10020 |
Hockaday Irvine O Jr | director | SPRINT NEXTEL CORPORATION, 2001 EDMUND HALLEY DRIVE, RESTON VA 20191 |
John P Mascotte | director | C/O CROWN MEDIA HOLDINGS INC, SUITE 500 6430 S FIDDLERS GREEN CIRCLE, ENGLEWOOD CO 80111 |
Peter A Lund | director | 236 LOCHA DRIVE, JUPITER FL 33458 |
Jp Morgan Partners Bhca Lp | 10 percent owner | J.P. MORGAN PARTNERS, 270 PARK AVENUE, NEW YORK NY 10017 |
Jpmp Master Fund Manager L P | 10 percent owner | C/O JPMORGAN PARTNERS LLC, 270 PARK AVENUE 39TH FLOOR, NEW YORK NY 10017 |
Jpmp Capital Corp. | 10 percent owner | 270 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017 |
Herbert A Granath | director | |
Halmi Robert A Jr | director | CROWN MEDIA HOLDINGS INC, 6430 S FIDDLERS GREEN CIR STE 500, ENGLEWOOD CO 80111 |
Robert J Druten | director | 6503 SENECA ROAD, MISSION HILLS KS 66208 |
From GuruFocus
By gurufocus • 05-08-2009
By gurufocus 10qk • 04-30-2010
By gurufocus 10qk • 08-12-2010
By gurufocus 10qk • 05-05-2010
By Magic Diligence Magic Diligence • 02-23-2015
By Business Wire Business Wire • 11-08-2021
By gurufocus 10qk • 03-03-2011
By guruek guruek • 03-11-2013
By whopper investments whopper investments • 02-28-2013
By silverleaf Guru GK • 03-04-2013
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.