Notorious Pictures SpA (MIL:NPI) Forward Rate of Return (Yacktman) %: 11.89% (As of Dec. 2024) — 119% Above Median

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
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MIL:NPI Notorious Pictures SpA MIL:NPI
61 GF Score
Price €0.70
GF Value €2.48
Valuation Possible Value Trap
! 4 Warning Signs
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What is Notorious Pictures SpA Forward Rate of Return (Yacktman) %?

Notorious Pictures SpA MIL:NPI 61 Forward Rate of Return (Yacktman) % is 11.89% as of Dec. 2024, which is 119% above its 10-year median of 5.42. GuruFocus rates MIL:NPI with a GF Score™ of 61/100 and a GF Value™ of €2.48 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 630 Media - Diversified companies, Notorious Pictures SpA ranks better than 57.94% on this metric.

Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Notorious Pictures SpA's forward rate of return for was 11.89%.

The historical rank and industry rank for Notorious Pictures SpA's Forward Rate of Return (Yacktman) % or its related term are showing as below:

MIL:NPI' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -4.88   Med: 5.42   Max: 12.23
Current: 11.72

During the past 14 years, Notorious Pictures SpA's highest Forward Rate of Return was 12.23. The lowest was -4.88. And the median was 5.42.

MIL:NPI's Forward Rate of Return (Yacktman) % is ranked better than
57.94% of 630 companies
in the Media - Diversified industry
Industry Median: 6.865 vs MIL:NPI: 11.72

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.


Notorious Pictures SpA  (MIL:NPI) 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.


Notorious Pictures SpA Forward Rate of Return (Yacktman) % Related Terms


Notorious Pictures SpA Forward Rate of Return (Yacktman) % Historical Data

* Premium members only.

The historical data trend for Notorious Pictures SpA'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.

Notorious Pictures SpA Forward Rate of Return (Yacktman) % Chart

Notorious Pictures SpA 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 5.46 11.31 -0.89 11.89 0.00

Notorious Pictures SpA Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 Premium Member Only Premium Member Only -0.89 0.00 11.89 0.00 0.00

MIL:NPI vs NFLX, DIS, WBD: Forward Rate of Return (Yacktman) % Comparison

For the Entertainment subindustry, Notorious Pictures SpA'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.


Notorious Pictures SpA Forward Rate of Return (Yacktman) % vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Notorious Pictures SpA's Forward Rate of Return (Yacktman) % distribution charts can be found below:

* The bar in red indicates where Notorious Pictures SpA's Forward Rate of Return (Yacktman) % falls into.


MIL:NPI
61GF Score
Notorious Pictures SpA MIL:NPI
Forward Rate of Return (Yacktman) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Notorious Pictures SpA 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).

Notorious Pictures SpA's Forward Rate of Return of Dec. 2024 is

Forward Rate of Return=Normalized Free Cash Flow/Price+5-Year EBITDA Growth Rate
=0.143/0.68+0.2
=41.03 %

* 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 11.89% mean?
Notorious Pictures SpA (MIL:NPI) has a Forward Rate of Return (Yacktman) % of 11.89% as of Dec. 2024. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Notorious Pictures SpA and its competitors. This is 119% above median its historical median of 5.42. According to the industry distribution chart, Notorious Pictures SpA ranks #265 out of 630 companies in the Media - Diversified industry, placing it in the top 42.1%.
Is Notorious Pictures SpA's Forward Rate of Return (Yacktman) % too high?
Notorious Pictures SpA's current Forward Rate of Return (Yacktman) % of 11.89% is 119% above median its 10-year median of 5.42. The Media - Diversified industry median Forward Rate of Return (Yacktman) % is 6.87. Notorious Pictures SpA's value of 11.89% is 73.2% above this industry median. Based on the distribution chart, Notorious Pictures SpA ranks #265 out of 630 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Notorious Pictures SpA has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Notorious Pictures SpA's Forward Rate of Return (Yacktman) % compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Notorious Pictures SpA ranks #265 out of 630 companies for Forward Rate of Return (Yacktman) %. This puts Notorious Pictures SpA in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 6.87. Notorious Pictures SpA's value of 11.89% is 73.2% above this benchmark. While the company's 10-year median is 5.42 vs. the industry median of 6.87, Notorious Pictures SpA 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 Media - Diversified company?
The median Forward Rate of Return (Yacktman) % among Media - Diversified companies is 6.87, based on 630 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. Notorious Pictures SpA's current Forward Rate of Return (Yacktman) % of 11.89% is 73.2% 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 Notorious Pictures SpA and its competitors. For the Media - Diversified industry, the median Forward Rate of Return (Yacktman) % is 6.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Notorious Pictures SpA's current Forward Rate of Return (Yacktman) % is 11.89%, which is 119% above median its own 10-year median of 5.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Notorious Pictures SpA stock overvalued right now?
Based on GuruFocus' analysis, Notorious Pictures SpA (MIL:NPI) is currently considered Possible Value Trap. The stock's GF Value™ is €2.48, compared to a current price of €0.70 — trading 71.8% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 11.89%, which is 119% above median its 10-year median of 5.42 and 73.2% above the Media - Diversified industry median of 6.87. Notorious Pictures SpA's overall GF Score™ is 61/100 with 4 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 Notorious Pictures SpA (MIL:NPI), the current Forward Rate of Return (Yacktman) % is 11.89% as of Dec. 2024. 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 Notorious Pictures SpA (MIL:NPI) Overvalued in 2026?

Based on GuruFocus' analysis, Notorious Pictures SpA stock appears to be undervalued. The current stock price of €0.70 is trading 71.8% below its estimated GF Value™ of €2.48. GuruFocus considers Notorious Pictures SpA to be Possible Value Trap.

Key valuation signals for MIL:NPI:

  • Forward Rate of Return (Yacktman) %: 11.89% (119% above median its 10-year median of 5.42)
  • GF Value™: €2.48 vs. price of €0.70 (71.8% below fair value)
  • GF Score™: 61/100 with 4 warning signs
  • Industry Position: 73.2% above the Media - Diversified median (#265 of 630)

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


Notorious Pictures SpA Business Description

Address Largo Brindisi 2, Rome, ITA, 00182
Notorious Pictures SpA is a film distribution company. It acquires and markets cinematic work film rights through cinema, home video, television, and new media.
61GF Score

Get the complete analysis for MIL:NPI

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

€0.70
Price
€2.48
GF Value