Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS (IST:DERIM) Forward Rate of Return (Yacktman) %: 26.19% (As of Dec. 2025) — 75% Above Median

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Director of Data and Quant Analytics at GuruFocus
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IST:DERIM Derimod Konfeksiyon Ayakkabi Deri San Ve Tic AS IST:DERIM
66 GF Score
Price ₺35.84
GF Value ₺41.42
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Forward Rate of Return (Yacktman) %?

Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS IST:DERIM -1.81% 66 Forward Rate of Return (Yacktman) % is 26.19% as of Dec. 2025, which is 75% above its 10-year median of 14.99. GuruFocus rates IST:DERIM with a GF Score™ of 66/100 and a GF Value™ of ₺41.42 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 820 Manufacturing - Apparel & Accessories companies, Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS ranks better than 88.66% on this metric.

Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's forward rate of return for was 26.19%.

The historical rank and industry rank for Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's Forward Rate of Return (Yacktman) % or its related term are showing as below:

IST:DERIM' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -3.34   Med: 14.99   Max: 26.67
Current: 26.24

During the past 13 years, Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's highest Forward Rate of Return was 26.67. The lowest was -3.34. And the median was 14.99.

IST:DERIM's Forward Rate of Return (Yacktman) % is ranked better than
88.66% of 820 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.405 vs IST:DERIM: 26.24

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.


Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS  (IST:DERIM) 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.


Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Forward Rate of Return (Yacktman) % Related Terms


Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Forward Rate of Return (Yacktman) % Historical Data

* Premium members only.

The historical data trend for Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS'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.

Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Forward Rate of Return (Yacktman) % Chart

Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Forward Rate of Return (Yacktman) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.78 1.15 19.97 23.22 26.19

Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Semi-Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Forward Rate of Return (Yacktman) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.78 1.15 19.97 23.22 26.19

IST:DERIM vs NKE, DECK, ONON: Forward Rate of Return (Yacktman) % Comparison

For the Footwear & Accessories subindustry, Derimod Konfeksiyon Ayakkabi Derin Ve Tic 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.


Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Forward Rate of Return (Yacktman) % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's Forward Rate of Return (Yacktman) % distribution charts can be found below:

* The bar in red indicates where Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's Forward Rate of Return (Yacktman) % falls into.


IST:DERIM
66GF Score
Derimod Konfeksiyon Ayakkabi Deri San Ve Tic AS IST:DERIM
Forward Rate of Return (Yacktman) % is just one metric. See GF Score™, valuation, warning signs, and more.
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Derimod Konfeksiyon Ayakkabi Derin Ve Tic 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).

Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's Forward Rate of Return of Dec. 2025 is

Forward Rate of Return=Normalized Free Cash Flow/Price+5-Year EBITDA Growth Rate
=2.27683333/36.78+0.2
=26.19 %

* 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 26.19% mean?
Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS (IST:DERIM) has a Forward Rate of Return (Yacktman) % of 26.19% 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 Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS and its competitors. This is 75% above median its historical median of 14.99. According to the industry distribution chart, Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS ranks #93 out of 820 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 11.3%.
Is Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's Forward Rate of Return (Yacktman) % too high?
Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's current Forward Rate of Return (Yacktman) % of 26.19% is 75% above median its 10-year median of 14.99. The Manufacturing - Apparel & Accessories industry median Forward Rate of Return (Yacktman) % is 5.41. Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's value of 26.19% is 384.6% above this industry median. Based on the distribution chart, Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS ranks #93 out of 820 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's Forward Rate of Return (Yacktman) % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS ranks #93 out of 820 companies for Forward Rate of Return (Yacktman) %. This places Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS in the top 11% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 5.41. Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's value of 26.19% is 384.6% above this benchmark. While the company's 10-year median is 14.99 vs. the industry median of 5.41, Derimod Konfeksiyon Ayakkabi Derin Ve Tic 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 Manufacturing - Apparel & Accessories company?
The median Forward Rate of Return (Yacktman) % among Manufacturing - Apparel & Accessories companies is 5.41, based on 820 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. Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's current Forward Rate of Return (Yacktman) % of 26.19% is 384.6% 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 Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Forward Rate of Return (Yacktman) % is 5.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's current Forward Rate of Return (Yacktman) % is 26.19%, which is 75% above median its own 10-year median of 14.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS stock overvalued right now?
Based on GuruFocus' analysis, Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS (IST:DERIM) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺41.42, compared to a current price of ₺35.84 — trading 13.5% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 26.19%, which is 75% above median its 10-year median of 14.99 and 384.6% above the Manufacturing - Apparel & Accessories industry median of 5.41. Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's overall GF Score™ is 66/100 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 Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS (IST:DERIM), the current Forward Rate of Return (Yacktman) % is 26.19% 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 Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS (IST:DERIM) Overvalued in 2026?

Based on GuruFocus' analysis, Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS stock appears to be undervalued. The current stock price of ₺35.84 is trading 13.5% below its estimated GF Value™ of ₺41.42. GuruFocus considers Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS to be Modestly Undervalued.

Key valuation signals for IST:DERIM:

  • Forward Rate of Return (Yacktman) %: 26.19% (75% above median its 10-year median of 14.99)
  • GF Value™: ₺41.42 vs. price of ₺35.84 (13.5% below fair value)
  • GF Score™: 66/100 with 2 warning signs
  • Industry Position: 384.6% above the Manufacturing - Apparel & Accessories median (#93 of 820)

No single metric tells the full story. See the IST:DERIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Business Description

Address Imrahor Street, Premier Campus Office Block No:29/A Kagithane, Gursel, Istanbul, TUR
Derimod Konfeksiyon Ayakkabi Deri San Ve Tic AS is involved in manufacturing leather garments, accessories and other products in Turkey. The company offers Heeled Boots, Flat Boots, Leather Coats, Casual Shoes, Belt and Wallet among others.
66GF Score

Get the complete analysis for IST:DERIM

Forward Rate of Return (Yacktman) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺35.84
Price
₺41.42
GF Value