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Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. ArcelorMittal South Africa's forward rate of return for was 0.00%.
The historical rank and industry rank for ArcelorMittal South Africa's Forward Rate of Return (Yacktman) % or its related term are showing as below:
FRA:ISC1'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 0 Med: 0 Max: 102.25
Current: 102.25
During the past 13 years, ArcelorMittal South Africa's highest Forward Rate of Return was 102.25. The lowest was 0.00. And the median was 0.00.
FRA:ISC1's Forward Rate of Return (Yacktman) % is ranked better than 98.99% of 496
companies
in the Steel industry
Industry Median: 3.585
vs FRA:ISC1: 102.25
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.
ArcelorMittal South Africa (FRA:ISC1) 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.
ArcelorMittal South Africa Forward Rate of Return (Yacktman) % Related Terms
ArcelorMittal South Africa Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for ArcelorMittal South Africa'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.
ArcelorMittal South Africa Forward Rate of Return (Yacktman) % Chart
FRA:ISC1 vs NUE, STLD, RS: Forward Rate of Return (Yacktman) % Comparison
For the Steel subindustry, ArcelorMittal South Africa'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.
ArcelorMittal South Africa Forward Rate of Return (Yacktman) % vs Steel Industry
For the Steel industry and Basic Materials sector, ArcelorMittal South Africa's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where ArcelorMittal South Africa's Forward Rate of Return (Yacktman) % falls into.
ArcelorMittal South Africa 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 0.00% mean?
ArcelorMittal South Africa (FRA:ISC1) has a Forward Rate of Return (Yacktman) % of 0.00% 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 ArcelorMittal South Africa and its competitors. According to the industry distribution chart, ArcelorMittal South Africa ranks #5 out of 496 companies in the Steel industry, placing it in the top 1%.
Is ArcelorMittal South Africa's Forward Rate of Return (Yacktman) % too high?
ArcelorMittal South Africa's current Forward Rate of Return (Yacktman) % is 0.00%. Based on the distribution chart, ArcelorMittal South Africa ranks #5 out of 496 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, ArcelorMittal South Africa has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ArcelorMittal South Africa's Forward Rate of Return (Yacktman) % compare to NUE and STLD?
According to the Steel industry distribution chart, ArcelorMittal South Africa ranks #5 out of 496 companies for Forward Rate of Return (Yacktman) %. This places ArcelorMittal South Africa in the top 1% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 3.59. 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 Steel company?
The median Forward Rate of Return (Yacktman) % among Steel companies is 3.59, based on 496 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 ArcelorMittal South Africa and its competitors. For the Steel industry, the median Forward Rate of Return (Yacktman) % is 3.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ArcelorMittal South Africa's current Forward Rate of Return (Yacktman) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ArcelorMittal South Africa stock overvalued right now?
Based on GuruFocus' analysis, ArcelorMittal South Africa (FRA:ISC1) is currently considered Fairly Valued. The stock's GF Value™ is €0.06, compared to a current price of €0.07 — trading 9.2% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 0.00%. ArcelorMittal South Africa's overall GF Score™ is 51/100 with 7 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 ArcelorMittal South Africa (FRA:ISC1), the current Forward Rate of Return (Yacktman) % is 0.00% 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 ArcelorMittal South Africa (FRA:ISC1) Overvalued in 2026?
Based on GuruFocus' analysis, ArcelorMittal South Africa stock appears to be overvalued.
The current stock price of €0.07 is trading 9.2% above its estimated GF Value™ of €0.06.
GuruFocus considers ArcelorMittal South Africa to be Fairly Valued.
Key valuation signals for FRA:ISC1:
Forward Rate of Return (Yacktman) %: 0.00%
GF Value™: €0.06 vs. price of €0.07 (9.2% above fair value)
No single metric tells the full story. See the FRA:ISC1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ArcelorMittal South Africa Ltd is a South Africa-based steel-producing company. The company's operating segments include Steel operations; Non-steel operations; Corporate and others. It generates the majority of total revenue from the Steel Operations segment that consist of Vanderbijlpark plant, Newcastle plant, Vereeniging plant and ArcelorMittal Rail and Structures. The product range consists of hot-rolled coil, plate, coiled rounds, flats, reinforced bars, rounds, billets and channels, and commercial coke among others. The group operates mainly in South Africa. Export sales are mostly sold in sub-Saharan Africa, Asia, Europe, and America.
51GF Score
Get the complete analysis for FRA:ISC1
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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