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Thac Mo Hydro Power JSCSTC:TMP -0.40%85 Forward Rate of Return (Yacktman) % is 9.53% as of Jun. 2026, which is 31% below its 10-year median of 13.75. GuruFocus rates STC:TMP with a GF Score™ of 85/100 and a GF Value™ of ₫61,630.61 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 262 Utilities - Independent Power Producers companies, Thac Mo Hydro Power JSC ranks better than 56.87% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Thac Mo Hydro Power JSC's forward rate of return for was 9.53%.
The historical rank and industry rank for Thac Mo Hydro Power JSC's Forward Rate of Return (Yacktman) % or its related term are showing as below:
STC:TMP'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 1.61 Med: 13.75 Max: 26.31
Current: 9.02
During the past 13 years, Thac Mo Hydro Power JSC's highest Forward Rate of Return was 26.31. The lowest was 1.61. And the median was 13.75.
STC:TMP's Forward Rate of Return (Yacktman) % is ranked better than 56.87% of 262
companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.385
vs STC:TMP: 9.02
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.
Thac Mo Hydro Power JSC (STC:TMP) 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.
Thac Mo Hydro Power JSC Forward Rate of Return (Yacktman) % Related Terms
Thac Mo Hydro Power JSC Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Thac Mo Hydro Power JSC'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.
Thac Mo Hydro Power JSC Forward Rate of Return (Yacktman) % Chart
STC:TMP vs CEG, VST, NRG: Forward Rate of Return (Yacktman) % Comparison
For the Utilities - Independent Power Producers subindustry, Thac Mo Hydro Power 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.
Thac Mo Hydro Power JSC Forward Rate of Return (Yacktman) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Thac Mo Hydro Power JSC's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Thac Mo Hydro Power JSC's Forward Rate of Return (Yacktman) % falls into.
Thac Mo Hydro Power JSC 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 9.53% mean?
Thac Mo Hydro Power JSC (STC:TMP) has a Forward Rate of Return (Yacktman) % of 9.53% 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 Thac Mo Hydro Power JSC and its competitors. This is 31% below median its historical median of 13.75. Over the past decade, Thac Mo Hydro Power JSC's Forward Rate of Return (Yacktman) % has ranged from 1.61 to 26.31. According to the industry distribution chart, Thac Mo Hydro Power JSC ranks #113 out of 262 companies in the Utilities - Independent Power Producers industry, placing it in the top 43.1%.
Is Thac Mo Hydro Power JSC's Forward Rate of Return (Yacktman) % too high?
Thac Mo Hydro Power JSC's current Forward Rate of Return (Yacktman) % of 9.53% is 31% below median its 10-year median of 13.75. Over the past 10 years, this metric has ranged from a low of 1.61 to a high of 26.31. The Utilities - Independent Power Producers industry median Forward Rate of Return (Yacktman) % is 6.39. Thac Mo Hydro Power JSC's value of 9.53% is 49.3% above this industry median. Based on the distribution chart, Thac Mo Hydro Power JSC ranks #113 out of 262 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Thac Mo Hydro Power JSC has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thac Mo Hydro Power JSC's Forward Rate of Return (Yacktman) % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Thac Mo Hydro Power JSC ranks #113 out of 262 companies for Forward Rate of Return (Yacktman) %. This puts Thac Mo Hydro Power JSC in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 6.39. Thac Mo Hydro Power JSC's value of 9.53% is 49.3% above this benchmark. Historically, Thac Mo Hydro Power JSC's own Forward Rate of Return (Yacktman) % has ranged from 1.61 to 26.31 over the past decade. While the company's 10-year median is 13.75 vs. the industry median of 6.39, Thac Mo Hydro Power 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 an Utilities - Independent Power Producers company?
The median Forward Rate of Return (Yacktman) % among Utilities - Independent Power Producers companies is 6.39, based on 262 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. Thac Mo Hydro Power JSC's current Forward Rate of Return (Yacktman) % of 9.53% is 49.3% 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 Thac Mo Hydro Power JSC and its competitors. For the Utilities - Independent Power Producers industry, the median Forward Rate of Return (Yacktman) % is 6.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thac Mo Hydro Power JSC's current Forward Rate of Return (Yacktman) % is 9.53%, which is 31% below median its own 10-year median of 13.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thac Mo Hydro Power JSC stock overvalued right now?
Based on GuruFocus' analysis, Thac Mo Hydro Power JSC (STC:TMP) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫61,630.61, compared to a current price of ₫49,600.00 — trading 19.5% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 9.53%, which is 31% below median its 10-year median of 13.75 and 49.3% above the Utilities - Independent Power Producers industry median of 6.39. Thac Mo Hydro Power JSC's overall GF Score™ is 85/100 with 1 warning sign 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 Thac Mo Hydro Power JSC (STC:TMP), the current Forward Rate of Return (Yacktman) % is 9.53% 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 Thac Mo Hydro Power JSC (STC:TMP) Overvalued in 2026?
Based on GuruFocus' analysis, Thac Mo Hydro Power JSC stock appears to be undervalued.
The current stock price of ₫49,600.00 is trading 19.5% below its estimated GF Value™ of ₫61,630.61.
GuruFocus considers Thac Mo Hydro Power JSC to be Modestly Undervalued.
Key valuation signals for STC:TMP:
Forward Rate of Return (Yacktman) %: 9.53% (31% below median its 10-year median of 13.75)
GF Value™: ₫61,630.61 vs. price of ₫49,600.00 (19.5% below fair value)
Industry Position: 49.3% above the Utilities - Independent Power Producers median (#113 of 262)
No single metric tells the full story. See the STC:TMP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thac Mo Hydro Power JSC is a Vietnam based company engaged in the business activity of generating and trading electricity. It also trades hydroelectrical equipment and maintains and operates a power plant. The other activities in which the organization is involved are investing in power source projects and Consulting on the establishment, management and supervision of construction projects.
85GF Score
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