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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Thanh Cong Textile Garment Investment Trading JSC's forward rate of return for was 9.03%.
STC:TCM's Forward Rate of Return (Yacktman) % is ranked better than 59.73% of 817
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.46
vs STC:TCM: 9.95
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.
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.
Thanh Cong Textile Garment Investment Trading JSC Forward Rate of Return (Yacktman) % Related Terms
Thanh Cong Textile Garment Investment Trading JSC Forward Rate of Return (Yacktman) % Historical Data
* 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.
STC:TCM vs AIN: Forward Rate of Return (Yacktman) % Comparison
For the Textile Manufacturing subindustry, Thanh Cong Textile Garment Investment Trading JSC'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.
Thanh Cong Textile Garment Investment Trading JSC Forward Rate of Return (Yacktman) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Thanh Cong Textile Garment Investment Trading JSC's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Thanh Cong Textile Garment Investment Trading JSC's Forward Rate of Return (Yacktman) % falls into.
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 9.03% mean?
Thanh Cong Textile Garment Investment Trading JSC (STC:TCM) has a Forward Rate of Return (Yacktman) % of 9.03% 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 Thanh Cong Textile Garment Investment Trading JSC and its competitors. This is near median its historical median of 9.38. Over the past decade, Thanh Cong Textile Garment Investment Trading JSC's Forward Rate of Return (Yacktman) % has ranged from 3.10 to 26.07. According to the industry distribution chart, Thanh Cong Textile Garment Investment Trading JSC ranks #329 out of 817 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 40.3%.
Is Thanh Cong Textile Garment Investment Trading JSC's Forward Rate of Return (Yacktman) % too high?
Thanh Cong Textile Garment Investment Trading JSC's current Forward Rate of Return (Yacktman) % of 9.03% is near median its 10-year median of 9.38. Over the past 10 years, this metric has ranged from a low of 3.10 to a high of 26.07. The Manufacturing - Apparel & Accessories industry median Forward Rate of Return (Yacktman) % is 5.46. Thanh Cong Textile Garment Investment Trading JSC's value of 9.03% is 65.4% above this industry median. Based on the distribution chart, Thanh Cong Textile Garment Investment Trading JSC ranks #329 out of 817 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Thanh Cong Textile Garment Investment Trading JSC has a GF Scoreâ„¢ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thanh Cong Textile Garment Investment Trading JSC's Forward Rate of Return (Yacktman) % compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Thanh Cong Textile Garment Investment Trading JSC ranks #329 out of 817 companies for Forward Rate of Return (Yacktman) %. This puts Thanh Cong Textile Garment Investment Trading JSC in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 5.46. Thanh Cong Textile Garment Investment Trading JSC's value of 9.03% is 65.4% above this benchmark. Historically, Thanh Cong Textile Garment Investment Trading JSC's own Forward Rate of Return (Yacktman) % has ranged from 3.10 to 26.07 over the past decade. While the company's 10-year median is 9.38 vs. the industry median of 5.46, Thanh Cong Textile Garment Investment Trading JSC 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 5.46, based on 817 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. Thanh Cong Textile Garment Investment Trading JSC's current Forward Rate of Return (Yacktman) % of 9.03% is 65.4% 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 Thanh Cong Textile Garment Investment Trading JSC and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Forward Rate of Return (Yacktman) % is 5.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thanh Cong Textile Garment Investment Trading JSC's current Forward Rate of Return (Yacktman) % is 9.03%, which is near median its own 10-year median of 9.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thanh Cong Textile Garment Investment Trading JSC stock overvalued right now?
Based on GuruFocus' analysis, Thanh Cong Textile Garment Investment Trading JSC (STC:TCM) is currently considered Significantly Undervalued. The stock's GF Value™ is ₫32,880.42, compared to a current price of ₫16,500.00 — trading 49.8% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 9.03%, which is near median its 10-year median of 9.38 and 65.4% above the Manufacturing - Apparel & Accessories industry median of 5.46. Thanh Cong Textile Garment Investment Trading JSC's overall GF Score™ is 77/100 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 Thanh Cong Textile Garment Investment Trading JSC (STC:TCM), the current Forward Rate of Return (Yacktman) % is 9.03% 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 Thanh Cong Textile Garment Investment Trading JSC (STC:TCM) Overvalued in 2026?
Based on GuruFocus' analysis, Thanh Cong Textile Garment Investment Trading JSC stock appears to be undervalued.
The current stock price of â‚«16,500.00 is trading 49.8% below its estimated GF Value™ of â‚«32,880.42.
GuruFocus considers Thanh Cong Textile Garment Investment Trading JSC to be Significantly Undervalued.
Key valuation signals for STC:TCM:
Forward Rate of Return (Yacktman) %: 9.03% (near median its 10-year median of 9.38)
GF Value™: â‚«32,880.42 vs. price of â‚«16,500.00 (49.8% below fair value)
Industry Position: 65.4% above the Manufacturing - Apparel & Accessories median (#329 of 817)
No single metric tells the full story. See the STC:TCM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thanh Cong Textile Garment Investment Trading JSC is a Vietnam based textile manufacturing company. Its business activity includes manufacturing and trading products of spinning, weaving, knitting, dyeing of the garment. In addition, the organization is also involved in the business areas of Fashion retail; Real Estate; and Trademarks. It generates maximum revenue from sale of Garment. Geographically, the company operates in USA, Europe, China, South Korea, Japan, Vietnam and Other countries.
77GF Score
Get the complete analysis for STC:TCM
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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