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Nickel AsiaPHS:NIKL -5.02%89 Forward Rate of Return (Yacktman) % is 1.31% as of Jun. 2026, which is 91% below its 10-year median of 13.96. GuruFocus rates PHS:NIKL with a GF Score™ of 89/100 and a GF Value™ of ₱5.20 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 447 Metals & Mining companies, Nickel Asia ranks worse than 68.23% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Nickel Asia's forward rate of return for was 1.31%.
The historical rank and industry rank for Nickel Asia's Forward Rate of Return (Yacktman) % or its related term are showing as below:
PHS:NIKL'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -4.3 Med: 13.96 Max: 30.68
Current: -0.71
During the past 13 years, Nickel Asia's highest Forward Rate of Return was 30.68. The lowest was -4.30. And the median was 13.96.
PHS:NIKL's Forward Rate of Return (Yacktman) % is ranked worse than 68.23% of 447
companies
in the Metals & Mining industry
Industry Median: 9.55
vs PHS:NIKL: -0.71
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.
Nickel Asia (PHS:NIKL) 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.
Nickel Asia Forward Rate of Return (Yacktman) % Related Terms
Nickel Asia Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Nickel Asia'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.
Nickel Asia Forward Rate of Return (Yacktman) % Chart
Nickel Asia Forward Rate of Return (Yacktman) % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Nickel Asia'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.
Nickel Asia Forward Rate of Return (Yacktman) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Asia's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Nickel Asia's Forward Rate of Return (Yacktman) % falls into.
Nickel Asia 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).
Nickel Asia's Forward Rate of Return of Jun. 2026 is
Forward Rate of Return
=
Normalized Free Cash Flow
/
Price
+
5-Year EBITDA Growth Rate
=
0.33809524
/
3.57
+
-0.0816
=
1.31 %
* 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 1.31% mean?
Nickel Asia (PHS:NIKL) has a Forward Rate of Return (Yacktman) % of 1.31% as of Jun. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Nickel Asia and its competitors. This is 91% below median its historical median of 13.96. According to the industry distribution chart, Nickel Asia ranks #305 out of 447 companies in the Metals & Mining industry, placing it in the top 68.2%.
Is Nickel Asia's Forward Rate of Return (Yacktman) % too high?
Nickel Asia's current Forward Rate of Return (Yacktman) % of 1.31% is 91% below median its 10-year median of 13.96. The Metals & Mining industry median Forward Rate of Return (Yacktman) % is 9.55. Nickel Asia's value of 1.31% is 86.3% below this industry median. Based on the distribution chart, Nickel Asia ranks #305 out of 447 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Nickel Asia has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Asia's Forward Rate of Return (Yacktman) % compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel Asia ranks #305 out of 447 companies for Forward Rate of Return (Yacktman) %. This places Nickel Asia in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 9.55. Nickel Asia's value of 1.31% is 86.3% below this benchmark. While the company's 10-year median is 13.96 vs. the industry median of 9.55, Nickel Asia has consistently been below 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 9.55, based on 447 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. Nickel Asia's current Forward Rate of Return (Yacktman) % of 1.31% is 86.3% below 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 Nickel Asia and its competitors. For the Metals & Mining industry, the median Forward Rate of Return (Yacktman) % is 9.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nickel Asia's current Forward Rate of Return (Yacktman) % is 1.31%, which is 91% below median its own 10-year median of 13.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Asia stock overvalued right now?
Based on GuruFocus' analysis, Nickel Asia (PHS:NIKL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱5.20, compared to a current price of ₱4.54 — trading 12.7% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 1.31%, which is 91% below median its 10-year median of 13.96 and 86.3% below the Metals & Mining industry median of 9.55. Nickel Asia's overall GF Score™ is 89/100 with 3 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 Nickel Asia (PHS:NIKL), the current Forward Rate of Return (Yacktman) % is 1.31% as of Jun. 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 Nickel Asia (PHS:NIKL) Overvalued in 2026?
Based on GuruFocus' analysis, Nickel Asia stock appears to be undervalued.
The current stock price of ₱4.54 is trading 12.7% below its estimated GF Value™ of ₱5.20.
GuruFocus considers Nickel Asia to be Modestly Undervalued.
Key valuation signals for PHS:NIKL:
Forward Rate of Return (Yacktman) %: 1.31% (91% below median its 10-year median of 13.96)
GF Value™: ₱5.20 vs. price of ₱4.54 (12.7% below fair value)
Industry Position: 86.3% below the Metals & Mining median (#305 of 447)
No single metric tells the full story. See the PHS:NIKL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nickel Asia Corp is a diversified natural resources development company is principally engaged in the business of producing beneficiated nickel ore, limestone, and quarry materials, rendering of services, and generating revenue from sale of power. The company has three operating segments which is The mining segment which accounts for a majority of the company's revenue includes the mining and exploration of nickel saprolite and limonite ore, limestone, and quarry materials, the services segment includes chartering out of LCT, construction and rendering of services to CBNC, THNC, and other parties and leasing of aircraft to WAISC, and the power segment is into power generation and exploration for geothermal resources.
89GF Score
Get the complete analysis for PHS:NIKL
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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