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Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Alcatel Lucent Teletas Telekomunikasyon AS's forward rate of return for was 15.45%.
IST:ALCTL's Forward Rate of Return (Yacktman) % is ranked better than 80.13% of 1716
companies
in the Hardware industry
Industry Median: 4.29
vs IST:ALCTL: 19.02
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.
Alcatel Lucent Teletas Telekomunikasyon AS (IST:ALCTL) 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.
Alcatel Lucent Teletas Telekomunikasyon AS Forward Rate of Return (Yacktman) % Related Terms
Alcatel Lucent Teletas Telekomunikasyon AS 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.
Alcatel Lucent Teletas Telekomunikasyon AS Forward Rate of Return (Yacktman) % Chart
Alcatel Lucent Teletas Telekomunikasyon AS Annual Data
IST:ALCTL vs CSCO, MSI, LITE: Forward Rate of Return (Yacktman) % Comparison
For the Communication Equipment subindustry, Alcatel Lucent Teletas Telekomunikasyon AS'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.
Alcatel Lucent Teletas Telekomunikasyon AS Forward Rate of Return (Yacktman) % vs Hardware Industry
For the Hardware industry and Technology sector, Alcatel Lucent Teletas Telekomunikasyon AS's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Alcatel Lucent Teletas Telekomunikasyon AS's Forward Rate of Return (Yacktman) % falls into.
Alcatel Lucent Teletas Telekomunikasyon AS 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 15.45% mean?
Alcatel Lucent Teletas Telekomunikasyon AS (IST:ALCTL) has a Forward Rate of Return (Yacktman) % of 15.45% 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 Alcatel Lucent Teletas Telekomunikasyon AS and its competitors. This is 27% below median its historical median of 21.11. According to the industry distribution chart, Alcatel Lucent Teletas Telekomunikasyon AS ranks #341 out of 1716 companies in the Hardware industry, placing it in the top 19.9%.
Is Alcatel Lucent Teletas Telekomunikasyon AS's Forward Rate of Return (Yacktman) % too high?
Alcatel Lucent Teletas Telekomunikasyon AS's current Forward Rate of Return (Yacktman) % of 15.45% is 27% below median its 10-year median of 21.11. The Hardware industry median Forward Rate of Return (Yacktman) % is 4.29. Alcatel Lucent Teletas Telekomunikasyon AS's value of 15.45% is 260.1% above this industry median. Based on the distribution chart, Alcatel Lucent Teletas Telekomunikasyon AS ranks #341 out of 1716 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Alcatel Lucent Teletas Telekomunikasyon AS has a GF Score™ of 58/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alcatel Lucent Teletas Telekomunikasyon AS's Forward Rate of Return (Yacktman) % compare to CSCO and MSI?
According to the Hardware industry distribution chart, Alcatel Lucent Teletas Telekomunikasyon AS ranks #341 out of 1716 companies for Forward Rate of Return (Yacktman) %. This places Alcatel Lucent Teletas Telekomunikasyon AS in the top 20% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 4.29. Alcatel Lucent Teletas Telekomunikasyon AS's value of 15.45% is 260.1% above this benchmark. While the company's 10-year median is 21.11 vs. the industry median of 4.29, Alcatel Lucent Teletas Telekomunikasyon AS 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 Hardware company?
The median Forward Rate of Return (Yacktman) % among Hardware companies is 4.29, based on 1,716 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. Alcatel Lucent Teletas Telekomunikasyon AS's current Forward Rate of Return (Yacktman) % of 15.45% is 260.1% 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 Alcatel Lucent Teletas Telekomunikasyon AS and its competitors. For the Hardware industry, the median Forward Rate of Return (Yacktman) % is 4.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alcatel Lucent Teletas Telekomunikasyon AS's current Forward Rate of Return (Yacktman) % is 15.45%, which is 27% below median its own 10-year median of 21.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alcatel Lucent Teletas Telekomunikasyon AS stock overvalued right now?
Based on GuruFocus' analysis, Alcatel Lucent Teletas Telekomunikasyon AS (IST:ALCTL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺208.73, compared to a current price of ₺111.80 — trading 46.4% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 15.45%, which is 27% below median its 10-year median of 21.11 and 260.1% above the Hardware industry median of 4.29. Alcatel Lucent Teletas Telekomunikasyon AS's overall GF Score™ is 58/100 with 1 warning sign 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 Alcatel Lucent Teletas Telekomunikasyon AS (IST:ALCTL), the current Forward Rate of Return (Yacktman) % is 15.45% 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 Alcatel Lucent Teletas Telekomunikasyon AS (IST:ALCTL) Overvalued in 2026?
Based on GuruFocus' analysis, Alcatel Lucent Teletas Telekomunikasyon AS stock appears to be undervalued.
The current stock price of ₺111.80 is trading 46.4% below its estimated GF Value™ of ₺208.73.
GuruFocus considers Alcatel Lucent Teletas Telekomunikasyon AS to be Significantly Undervalued.
Key valuation signals for IST:ALCTL:
Forward Rate of Return (Yacktman) %: 15.45% (27% below median its 10-year median of 21.11)
GF Value™: ₺208.73 vs. price of ₺111.80 (46.4% below fair value)
Industry Position: 260.1% above the Hardware median (#341 of 1716)
No single metric tells the full story. See the IST:ALCTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alcatel Lucent Teletas Telekomunikasyon AS is a Turkey-based communications services and equipment provider. It is primarily involved in the production and sale of telecommunication equipment. The company operates through Core Network and Access Network segments. It offers telephone switchboards and transmission devices; and fixed, mobile, and private network solutions and services. Geographically business activities are functioned through the region of Turkey.
58GF Score
Get the complete analysis for IST:ALCTL
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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