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Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Shougang Fushan Resources Group's forward rate of return for was 7.58%.
The historical rank and industry rank for Shougang Fushan Resources Group's Forward Rate of Return (Yacktman) % or its related term are showing as below:
FSHYF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 5.52 Med: 31.35 Max: 38.19
Current: 7.32
During the past 13 years, Shougang Fushan Resources Group's highest Forward Rate of Return was 38.19. The lowest was 5.52. And the median was 31.35.
FSHYF's Forward Rate of Return (Yacktman) % is ranked better than 57.98% of 495
companies
in the Steel industry
Industry Median: 2.05
vs FSHYF: 7.32
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.
Shougang Fushan Resources Group (OTCPK:FSHYF) 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.
Shougang Fushan Resources Group Forward Rate of Return (Yacktman) % Related Terms
Shougang Fushan Resources Group 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.
Shougang Fushan Resources Group Forward Rate of Return (Yacktman) % Chart
FSHYF vs HCC, AMR, SXC: Forward Rate of Return (Yacktman) % Comparison
For the Coking Coal subindustry, Shougang Fushan Resources 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.
Shougang Fushan Resources Group Forward Rate of Return (Yacktman) % vs Steel Industry
For the Steel industry and Basic Materials sector, Shougang Fushan Resources Group's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Shougang Fushan Resources Group's Forward Rate of Return (Yacktman) % falls into.
Shougang Fushan Resources 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).
* 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 7.58% mean?
Shougang Fushan Resources Group (FSHYF) has a Forward Rate of Return (Yacktman) % of 7.58% 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 Shougang Fushan Resources Group and its competitors. This is 76% below median its historical median of 31.35. Over the past decade, Shougang Fushan Resources Group's Forward Rate of Return (Yacktman) % has ranged from 5.52 to 38.19. According to the industry distribution chart, Shougang Fushan Resources Group ranks #208 out of 495 companies in the Steel industry, placing it in the top 42%.
Is Shougang Fushan Resources Group's Forward Rate of Return (Yacktman) % too high?
Shougang Fushan Resources Group's current Forward Rate of Return (Yacktman) % of 7.58% is 76% below median its 10-year median of 31.35. Over the past 10 years, this metric has ranged from a low of 5.52 to a high of 38.19. The Steel industry median Forward Rate of Return (Yacktman) % is 2.05. Shougang Fushan Resources Group's value of 7.58% is 269.8% above this industry median. Based on the distribution chart, Shougang Fushan Resources Group ranks #208 out of 495 companies in the Steel industry, which is above the industry midpoint. Overall, Shougang Fushan Resources Group has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Shougang Fushan Resources Group's Forward Rate of Return (Yacktman) % compare to HCC and AMR?
According to the Steel industry distribution chart, Shougang Fushan Resources Group ranks #208 out of 495 companies for Forward Rate of Return (Yacktman) %. This puts Shougang Fushan Resources Group in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 2.05. Shougang Fushan Resources Group's value of 7.58% is 269.8% above this benchmark. Historically, Shougang Fushan Resources Group's own Forward Rate of Return (Yacktman) % has ranged from 5.52 to 38.19 over the past decade. While the company's 10-year median is 31.35 vs. the industry median of 2.05, Shougang Fushan Resources 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 Steel company?
The median Forward Rate of Return (Yacktman) % among Steel companies is 2.05, based on 495 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. Shougang Fushan Resources Group's current Forward Rate of Return (Yacktman) % of 7.58% is 269.8% 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 Shougang Fushan Resources Group and its competitors. For the Steel industry, the median Forward Rate of Return (Yacktman) % is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shougang Fushan Resources Group's current Forward Rate of Return (Yacktman) % is 7.58%, which is 76% below median its own 10-year median of 31.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shougang Fushan Resources Group stock overvalued right now?
Shougang Fushan Resources Group (FSHYF) has a current Forward Rate of Return (Yacktman) % of 7.58%. The stock's GF Value™ is $0.32, compared to a current price of $0.31 — trading 1.6% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 7.58%, which is 76% below median its 10-year median of 31.35 and 269.8% above the Steel industry median of 2.05. Shougang Fushan Resources Group's overall GF Score™ is 86/100 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 Shougang Fushan Resources Group (FSHYF), the current Forward Rate of Return (Yacktman) % is 7.58% 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 Shougang Fushan Resources Group (FSHYF) Overvalued in 2026?
Based on GuruFocus' analysis, Shougang Fushan Resources Group stock appears to be undervalued.
The current stock price of $0.31 is trading 1.6% below its estimated GF Value™ of $0.32.
Key valuation signals for FSHYF:
Forward Rate of Return (Yacktman) %: 7.58% (76% below median its 10-year median of 31.35)
GF Value™: $0.32 vs. price of $0.31 (1.6% below fair value)
Industry Position: 269.8% above the Steel median (#208 of 495)
No single metric tells the full story. See the FSHYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shougang Fushan Resources Group Ltd is engaged in coking coal mining, producing, and selling coking coal products in the PRC. It derives revenue from the sale of clean coking coal, sales of self-produced by-products and trading of coal products. The Group operates coking coal mines and coal preparation plants. It has three premium operating coking coal mines in Liulin County, Shanxi Province (Xingwu Coal Mine, Jinjiazhuang Coal Mine and Zhaiyadi Coal Mine), along with three premium coking coal mines and the associated coal preparation plants for the production of raw and clean coking coal. The Group has a business presence in the PRC and Hong Kong. The Group generates overall revenue from the PRC.
86GF Score
Get the complete analysis for FSHYF
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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