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Malta International AirportMAL:MIA 99 Forward Rate of Return (Yacktman) % is 21.85% as of Dec. 2025, which is 58% above its 10-year median of 13.82. GuruFocus rates MAL:MIA with a GF Score™ of 99/100 and a GF Value™ of €7.51 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 766 Transportation companies, Malta International Airport ranks better than 78.33% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Malta International Airport's forward rate of return for was 21.85%.
The historical rank and industry rank for Malta International Airport's Forward Rate of Return (Yacktman) % or its related term are showing as below:
MAL:MIA'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -19.63 Med: 13.82 Max: 22.61
Current: 21.61
During the past 13 years, Malta International Airport's highest Forward Rate of Return was 22.61. The lowest was -19.63. And the median was 13.82.
MAL:MIA's Forward Rate of Return (Yacktman) % is ranked better than 78.33% of 766
companies
in the Transportation industry
Industry Median: 10.27
vs MAL:MIA: 21.61
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.
Malta International Airport (MAL:MIA) 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.
Malta International Airport Forward Rate of Return (Yacktman) % Related Terms
Malta International Airport Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Malta International Airport'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.
Malta International Airport Forward Rate of Return (Yacktman) % Chart
MAL:MIA vs JOBY, CAAP: Forward Rate of Return (Yacktman) % Comparison
For the Airports & Air Services subindustry, Malta International Airport'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.
Malta International Airport Forward Rate of Return (Yacktman) % vs Transportation Industry
For the Transportation industry and Industrials sector, Malta International Airport's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Malta International Airport's Forward Rate of Return (Yacktman) % falls into.
Malta International Airport 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 21.85% mean?
Malta International Airport (MAL:MIA) has a Forward Rate of Return (Yacktman) % of 21.85% 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 Malta International Airport and its competitors. This is 58% above median its historical median of 13.82. According to the industry distribution chart, Malta International Airport ranks #166 out of 766 companies in the Transportation industry, placing it in the top 21.7%.
Is Malta International Airport's Forward Rate of Return (Yacktman) % too high?
Malta International Airport's current Forward Rate of Return (Yacktman) % of 21.85% is 58% above median its 10-year median of 13.82. The Transportation industry median Forward Rate of Return (Yacktman) % is 10.27. Malta International Airport's value of 21.85% is 112.8% above this industry median. Based on the distribution chart, Malta International Airport ranks #166 out of 766 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Malta International Airport has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Malta International Airport's Forward Rate of Return (Yacktman) % compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Malta International Airport ranks #166 out of 766 companies for Forward Rate of Return (Yacktman) %. This places Malta International Airport in the top 22% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 10.27. Malta International Airport's value of 21.85% is 112.8% above this benchmark. While the company's 10-year median is 13.82 vs. the industry median of 10.27, Malta International Airport 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 Transportation company?
The median Forward Rate of Return (Yacktman) % among Transportation companies is 10.27, based on 766 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. Malta International Airport's current Forward Rate of Return (Yacktman) % of 21.85% is 112.8% 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 Malta International Airport and its competitors. For the Transportation industry, the median Forward Rate of Return (Yacktman) % is 10.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Malta International Airport's current Forward Rate of Return (Yacktman) % is 21.85%, which is 58% above median its own 10-year median of 13.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malta International Airport stock overvalued right now?
Based on GuruFocus' analysis, Malta International Airport (MAL:MIA) is currently considered Modestly Undervalued. The stock's GF Value™ is €7.51, compared to a current price of €6.60 — trading 12.1% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 21.85%, which is 58% above median its 10-year median of 13.82 and 112.8% above the Transportation industry median of 10.27. Malta International Airport's overall GF Score™ is 99/100 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 Malta International Airport (MAL:MIA), the current Forward Rate of Return (Yacktman) % is 21.85% 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 Malta International Airport (MAL:MIA) Overvalued in 2026?
Based on GuruFocus' analysis, Malta International Airport stock appears to be undervalued.
The current stock price of €6.60 is trading 12.1% below its estimated GF Value™ of €7.51.
GuruFocus considers Malta International Airport to be Modestly Undervalued.
Key valuation signals for MAL:MIA:
Forward Rate of Return (Yacktman) %: 21.85% (58% above median its 10-year median of 13.82)
GF Value™: €7.51 vs. price of €6.60 (12.1% below fair value)
Industry Position: 112.8% above the Transportation median (#166 of 766)
No single metric tells the full story. See the MAL:MIA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Malta International Airport PLC develops, operates, and manages Malta International Airport. Its segments include the Airport Segment, which provides services such as revenue from airport-regulated fees, aviation concessions, and persons with reduced mobility and their associated costs. This segment also includes the operations and maintenance of the terminal, runways, taxiways and aircraft parks. The Retail and Property Segment includes the operations of the various retail outlets within the airport perimeter, advertising sites and rental of offices, warehouses and income from the running of the VIP lounges. Income and costs from Airport Parking Limited, Sky Parks Business Centre Limited and Sky Parks Development Limited are also allocated within the Retail and Property Segment.
99GF 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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