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Michelmersh Brick HoldingsFRA:MPO +0.59%51 Forward Rate of Return (Yacktman) % is 6.90% as of Dec. 2025, which is 70% below its 10-year median of 23.10. GuruFocus rates FRA:MPO with a GF Score™ of 51/100 and a GF Value™ of €1.00. The stock has 7 warning signs investors should review. Among 320 Building Materials companies, Michelmersh Brick Holdings ranks better than 50.31% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Michelmersh Brick Holdings's forward rate of return for was 6.90%.
The historical rank and industry rank for Michelmersh Brick Holdings's Forward Rate of Return (Yacktman) % or its related term are showing as below:
FRA:MPO'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 5.85 Med: 23.1 Max: 29.16
Current: 8.15
During the past 13 years, Michelmersh Brick Holdings's highest Forward Rate of Return was 29.16. The lowest was 5.85. And the median was 23.10.
FRA:MPO's Forward Rate of Return (Yacktman) % is ranked better than 50.31% of 320
companies
in the Building Materials industry
Industry Median: 7.825
vs FRA:MPO: 8.15
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.
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.
Michelmersh Brick Holdings Forward Rate of Return (Yacktman) % Related Terms
Michelmersh Brick Holdings Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Michelmersh Brick 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.
Michelmersh Brick Holdings Forward Rate of Return (Yacktman) % Chart
FRA:MPO vs CRH, MLM, VMC: Forward Rate of Return (Yacktman) % Comparison
For the Building Materials subindustry, Michelmersh Brick 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.
Michelmersh Brick Holdings Forward Rate of Return (Yacktman) % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Michelmersh Brick Holdings's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Michelmersh Brick Holdings's Forward Rate of Return (Yacktman) % falls into.
Michelmersh Brick Holdings 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 6.90% mean?
Michelmersh Brick Holdings (FRA:MPO) has a Forward Rate of Return (Yacktman) % of 6.90% 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 Michelmersh Brick Holdings and its competitors. This is 70% below median its historical median of 23.10. Over the past decade, Michelmersh Brick Holdings' Forward Rate of Return (Yacktman) % has ranged from 5.85 to 29.16. According to the industry distribution chart, Michelmersh Brick Holdings ranks #159 out of 320 companies in the Building Materials industry, placing it in the top 49.7%.
Is Michelmersh Brick Holdings' Forward Rate of Return (Yacktman) % too high?
Michelmersh Brick Holdings' current Forward Rate of Return (Yacktman) % of 6.90% is 70% below median its 10-year median of 23.10. Over the past 10 years, this metric has ranged from a low of 5.85 to a high of 29.16. The Building Materials industry median Forward Rate of Return (Yacktman) % is 7.83. Michelmersh Brick Holdings' value of 6.90% is 11.8% below this industry median. Based on the distribution chart, Michelmersh Brick Holdings ranks #159 out of 320 companies in the Building Materials industry, which is above the industry midpoint. Overall, Michelmersh Brick Holdings has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Michelmersh Brick Holdings' Forward Rate of Return (Yacktman) % compare to CRH and MLM?
According to the Building Materials industry distribution chart, Michelmersh Brick Holdings ranks #159 out of 320 companies for Forward Rate of Return (Yacktman) %. This puts Michelmersh Brick Holdings in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 7.83. Michelmersh Brick Holdings' value of 6.90% is 11.8% below this benchmark. Historically, Michelmersh Brick Holdings' own Forward Rate of Return (Yacktman) % has ranged from 5.85 to 29.16 over the past decade. While the company's 10-year median is 23.10 vs. the industry median of 7.83, Michelmersh Brick Holdings has consistently been below 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 Building Materials company?
The median Forward Rate of Return (Yacktman) % among Building Materials companies is 7.83, based on 320 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. Michelmersh Brick Holdings's current Forward Rate of Return (Yacktman) % of 6.90% is 11.8% below 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 Michelmersh Brick Holdings and its competitors. For the Building Materials industry, the median Forward Rate of Return (Yacktman) % is 7.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Michelmersh Brick Holdings's current Forward Rate of Return (Yacktman) % is 6.90%, which is 70% below median its own 10-year median of 23.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Michelmersh Brick Holdings stock overvalued right now?
Michelmersh Brick Holdings (FRA:MPO) has a current Forward Rate of Return (Yacktman) % of 6.90%. The stock's GF Value™ is €1.00, compared to a current price of €0.86 — trading 14.5% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 6.90%, which is 70% below median its 10-year median of 23.10 and 11.8% below the Building Materials industry median of 7.83. Michelmersh Brick Holdings' 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 Michelmersh Brick Holdings (FRA:MPO), the current Forward Rate of Return (Yacktman) % is 6.90% 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 Michelmersh Brick Holdings (FRA:MPO) Overvalued in 2026?
Based on GuruFocus' analysis, Michelmersh Brick Holdings stock appears to be undervalued.
The current stock price of €0.86 is trading 14.5% below its estimated GF Value™ of €1.00.
Key valuation signals for FRA:MPO:
Forward Rate of Return (Yacktman) %: 6.90% (70% below median its 10-year median of 23.10)
GF Value™: €1.00 vs. price of €0.86 (14.5% below fair value)
Industry Position: 11.8% below the Building Materials median (#159 of 320)
No single metric tells the full story. See the FRA:MPO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Michelmersh Brick Holdings PLC is a business with brands, namely, Blockleys, Carlton, FabSpeed, Freshfield Lane, Michelmersh, Floren and Hathern Terra Cotta. These divisions operate within a fully integrated business combining the manufacture of clay bricks and pavers. The Group also includes a landfill operator, New Acres Ltd, and seeks to develop future landfill and development opportunities on ancillary land assets. It currently owns the UK's premium manufacturing brick brands and is a specification brick and clay paving manufacturer. Geographically, the majority is derived from the United Kingdom.
51GF Score
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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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