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Global Ferronickel HoldingsPHS:FNI +3.35%71 Forward Rate of Return (Yacktman) % is 10.53% as of Mar. 2026, which is 65% below its 10-year median of 30.31. GuruFocus rates PHS:FNI with a GF Score™ of 71/100 and a GF Value™ of ₱1.75 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 442 Metals & Mining companies, Global Ferronickel Holdings ranks worse than 53.17% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Global Ferronickel Holdings's forward rate of return for was 10.53%.
The historical rank and industry rank for Global Ferronickel Holdings's Forward Rate of Return (Yacktman) % or its related term are showing as below:
PHS:FNI'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -16.32 Med: 30.31 Max: 45.39
Current: 7.6
During the past 13 years, Global Ferronickel Holdings's highest Forward Rate of Return was 45.39. The lowest was -16.32. And the median was 30.31.
PHS:FNI's Forward Rate of Return (Yacktman) % is ranked worse than 53.17% of 442
companies
in the Metals & Mining industry
Industry Median: 9.365
vs PHS:FNI: 7.60
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.
Global Ferronickel Holdings (PHS:FNI) 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.
Global Ferronickel Holdings Forward Rate of Return (Yacktman) % Related Terms
Global Ferronickel Holdings Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Global Ferronickel Holdings'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.
Global Ferronickel Holdings Forward Rate of Return (Yacktman) % Chart
Global Ferronickel Holdings Forward Rate of Return (Yacktman) % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Global Ferronickel Holdings'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.
Global Ferronickel Holdings Forward Rate of Return (Yacktman) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Global Ferronickel Holdings's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Global Ferronickel Holdings's Forward Rate of Return (Yacktman) % falls into.
Global Ferronickel Holdings 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 10.53% mean?
Global Ferronickel Holdings (PHS:FNI) has a Forward Rate of Return (Yacktman) % of 10.53% as of Mar. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Global Ferronickel Holdings and its competitors. This is 65% below median its historical median of 30.31. According to the industry distribution chart, Global Ferronickel Holdings ranks #235 out of 442 companies in the Metals & Mining industry, placing it in the top 53.2%.
Is Global Ferronickel Holdings' Forward Rate of Return (Yacktman) % too high?
Global Ferronickel Holdings' current Forward Rate of Return (Yacktman) % of 10.53% is 65% below median its 10-year median of 30.31. The Metals & Mining industry median Forward Rate of Return (Yacktman) % is 9.37. Global Ferronickel Holdings' value of 10.53% is 12.4% above this industry median. Based on the distribution chart, Global Ferronickel Holdings ranks #235 out of 442 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Global Ferronickel Holdings has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Global Ferronickel Holdings' Forward Rate of Return (Yacktman) % compare to competitors?
According to the Metals & Mining industry distribution chart, Global Ferronickel Holdings ranks #235 out of 442 companies for Forward Rate of Return (Yacktman) %. This places Global Ferronickel Holdings in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 9.37. Global Ferronickel Holdings' value of 10.53% is 12.4% above this benchmark. While the company's 10-year median is 30.31 vs. the industry median of 9.37, Global Ferronickel Holdings 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 Metals & Mining company?
The median Forward Rate of Return (Yacktman) % among Metals & Mining companies is 9.37, based on 442 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. Global Ferronickel Holdings's current Forward Rate of Return (Yacktman) % of 10.53% is 12.4% 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 Global Ferronickel Holdings and its competitors. For the Metals & Mining industry, the median Forward Rate of Return (Yacktman) % is 9.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Ferronickel Holdings's current Forward Rate of Return (Yacktman) % is 10.53%, which is 65% below median its own 10-year median of 30.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Ferronickel Holdings stock overvalued right now?
Based on GuruFocus' analysis, Global Ferronickel Holdings (PHS:FNI) is currently considered Modestly Overvalued. The stock's GF Value™ is ₱1.75, compared to a current price of ₱2.16 — trading 23.4% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 10.53%, which is 65% below median its 10-year median of 30.31 and 12.4% above the Metals & Mining industry median of 9.37. Global Ferronickel Holdings' overall GF Score™ is 71/100 with 5 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 Global Ferronickel Holdings (PHS:FNI), the current Forward Rate of Return (Yacktman) % is 10.53% as of Mar. 2026. 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 Global Ferronickel Holdings (PHS:FNI) Overvalued in 2026?
Based on GuruFocus' analysis, Global Ferronickel Holdings stock appears to be overvalued.
The current stock price of ₱2.16 is trading 23.4% above its estimated GF Value™ of ₱1.75.
GuruFocus considers Global Ferronickel Holdings to be Modestly Overvalued.
Key valuation signals for PHS:FNI:
Forward Rate of Return (Yacktman) %: 10.53% (65% below median its 10-year median of 30.31)
GF Value™: ₱1.75 vs. price of ₱2.16 (23.4% above fair value)
Industry Position: 12.4% above the Metals & Mining median (#235 of 442)
No single metric tells the full story. See the PHS:FNI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Ferronickel Holdings Inc is a nickel producer in the Philippines and a supplier of nickel ore. The company has an extensive portfolio of exploration sites and exploration programs. Its operating segment includes Mining; Manufacturing, and Services. The company generates maximum revenue from the Mining segment. The mining segment is engaged in the mining and exploration of nickel saprolite and limonite ore. Geographically, it operates in the Philippines and Hong Kong.
71GF Score
Get the complete analysis for PHS:FNI
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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