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Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. COSCO SHIPPING International (Hong Kong) Co's forward rate of return for was 22.09%.
FRA:CSB's Forward Rate of Return (Yacktman) % is ranked better than 78.16% of 751
companies
in the Transportation industry
Industry Median: 10.44
vs FRA:CSB: 22.22
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.
COSCO SHIPPING International (Hong Kong) Co (FRA:CSB) 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.
COSCO SHIPPING International (Hong Kong) Co Forward Rate of Return (Yacktman) % Related Terms
COSCO SHIPPING International (Hong Kong) Co Forward Rate of Return (Yacktman) % Historical Data
* 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.
COSCO SHIPPING International (Hong Kong) Co Forward Rate of Return (Yacktman) % Chart
COSCO SHIPPING International (Hong Kong) Co Annual Data
COSCO SHIPPING International (Hong Kong) Co Forward Rate of Return (Yacktman) % Competitor Comparison
For the Marine Shipping subindustry, COSCO SHIPPING International (Hong Kong) 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.
COSCO SHIPPING International (Hong Kong) Co Forward Rate of Return (Yacktman) % vs Transportation Industry
For the Transportation industry and Industrials sector, COSCO SHIPPING International (Hong Kong) Co's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where COSCO SHIPPING International (Hong Kong) Co's Forward Rate of Return (Yacktman) % falls into.
COSCO SHIPPING International (Hong Kong) 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).
* 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 22.09% mean?
COSCO SHIPPING International (Hong Kong) Co (FRA:CSB) has a Forward Rate of Return (Yacktman) % of 22.09% 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 COSCO SHIPPING International (Hong Kong) Co and its competitors. This is 932% above median its historical median of 2.14. According to the industry distribution chart, COSCO SHIPPING International (Hong Kong) Co ranks #164 out of 751 companies in the Transportation industry, placing it in the top 21.8%.
Is COSCO SHIPPING International (Hong Kong) Co's Forward Rate of Return (Yacktman) % too high?
COSCO SHIPPING International (Hong Kong) Co's current Forward Rate of Return (Yacktman) % of 22.09% is 932% above median its 10-year median of 2.14. The Transportation industry median Forward Rate of Return (Yacktman) % is 10.44. COSCO SHIPPING International (Hong Kong) Co's value of 22.09% is 111.6% above this industry median. Based on the distribution chart, COSCO SHIPPING International (Hong Kong) Co ranks #164 out of 751 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, COSCO SHIPPING International (Hong Kong) Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does COSCO SHIPPING International (Hong Kong) Co's Forward Rate of Return (Yacktman) % compare to competitors?
According to the Transportation industry distribution chart, COSCO SHIPPING International (Hong Kong) Co ranks #164 out of 751 companies for Forward Rate of Return (Yacktman) %. This places COSCO SHIPPING International (Hong Kong) Co in the top 22% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 10.44. COSCO SHIPPING International (Hong Kong) Co's value of 22.09% is 111.6% above this benchmark. While the company's 10-year median is 2.14 vs. the industry median of 10.44, COSCO SHIPPING International (Hong Kong) Co 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 Transportation company?
The median Forward Rate of Return (Yacktman) % among Transportation companies is 10.44, based on 751 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. COSCO SHIPPING International (Hong Kong) Co's current Forward Rate of Return (Yacktman) % of 22.09% is 111.6% 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 COSCO SHIPPING International (Hong Kong) Co and its competitors. For the Transportation industry, the median Forward Rate of Return (Yacktman) % is 10.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. COSCO SHIPPING International (Hong Kong) Co's current Forward Rate of Return (Yacktman) % is 22.09%, which is 932% above median its own 10-year median of 2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is COSCO SHIPPING International (Hong Kong) Co stock overvalued right now?
Based on GuruFocus' analysis, COSCO SHIPPING International (Hong Kong) Co (FRA:CSB) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.45, compared to a current price of €0.64 — trading 41.1% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 22.09%, which is 932% above median its 10-year median of 2.14 and 111.6% above the Transportation industry median of 10.44. COSCO SHIPPING International (Hong Kong) Co's overall GF Score™ is 69/100 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 COSCO SHIPPING International (Hong Kong) Co (FRA:CSB), the current Forward Rate of Return (Yacktman) % is 22.09% 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 COSCO SHIPPING International (Hong Kong) Co (FRA:CSB) Overvalued in 2026?
Based on GuruFocus' analysis, COSCO SHIPPING International (Hong Kong) Co stock appears to be overvalued.
The current stock price of €0.64 is trading 41.1% above its estimated GF Value™ of €0.45.
GuruFocus considers COSCO SHIPPING International (Hong Kong) Co to be Significantly Overvalued.
Key valuation signals for FRA:CSB:
Forward Rate of Return (Yacktman) %: 22.09% (932% above median its 10-year median of 2.14)
GF Value™: €0.45 vs. price of €0.64 (41.1% above fair value)
Industry Position: 111.6% above the Transportation median (#164 of 751)
No single metric tells the full story. See the FRA:CSB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
COSCO SHIPPING International (Hong Kong) Co Ltd is a Hong Kong-based company engaged in services relating to shipbuilding, ship trading, and chartering for the fleet. It carries its operations in six segments including Coatings, Marine equipment and spare parts, Ship trading agency, Insurance brokerage, Intelligent shipping services and General trading. The majority of its revenue comes from the sale of Marine equipment and spare parts that includes trading and supply of marine equipment and spare parts, and holding of investments in joint ventures. The company has a business network in Mainland China, Hong Kong and other countries.
69GF Score
Get the complete analysis for FRA:CSB
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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