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Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Tessenderlo Group NV's forward rate of return for was -9.70%.
The historical rank and industry rank for Tessenderlo Group NV's Forward Rate of Return (Yacktman) % or its related term are showing as below:
TSDOF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -10.25 Med: 15.85 Max: 29.55
Current: -7.4
During the past 13 years, Tessenderlo Group NV's highest Forward Rate of Return was 29.55. The lowest was -10.25. And the median was 15.85.
TSDOF's Forward Rate of Return (Yacktman) % is ranked worse than 76.73% of 202
companies
in the Agriculture industry
Industry Median: 6.725
vs TSDOF: -7.40
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.
Tessenderlo Group NV (OTCPK:TSDOF) 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.
Tessenderlo Group NV Forward Rate of Return (Yacktman) % Related Terms
Tessenderlo Group NV Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Tessenderlo Group NV'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.
Tessenderlo Group NV Forward Rate of Return (Yacktman) % Chart
TSDOF vs CTVA, CF, MOS: Forward Rate of Return (Yacktman) % Comparison
For the Agricultural Inputs subindustry, Tessenderlo Group NV'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.
Tessenderlo Group NV Forward Rate of Return (Yacktman) % vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Tessenderlo Group NV's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Tessenderlo Group NV's Forward Rate of Return (Yacktman) % falls into.
Tessenderlo Group NV 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 -9.70% mean?
Tessenderlo Group NV (TSDOF) has a Forward Rate of Return (Yacktman) % of -9.70% as of Dec. 2025. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Tessenderlo Group NV and its competitors. According to the industry distribution chart, Tessenderlo Group NV ranks #155 out of 202 companies in the Agriculture industry, placing it in the top 76.7%.
Is Tessenderlo Group NV's Forward Rate of Return (Yacktman) % too high?
Tessenderlo Group NV's current Forward Rate of Return (Yacktman) % is -9.70%. Based on the distribution chart, Tessenderlo Group NV ranks #155 out of 202 companies in the Agriculture industry, which is in the bottom quartile relative to peers. Overall, Tessenderlo Group NV has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Tessenderlo Group NV's Forward Rate of Return (Yacktman) % compare to CTVA and CF?
According to the Agriculture industry distribution chart, Tessenderlo Group NV ranks #155 out of 202 companies for Forward Rate of Return (Yacktman) %. This places Tessenderlo Group NV in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 6.73. 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 Agriculture company?
The median Forward Rate of Return (Yacktman) % among Agriculture companies is 6.73, based on 202 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. 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 Tessenderlo Group NV and its competitors. For the Agriculture industry, the median Forward Rate of Return (Yacktman) % is 6.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tessenderlo Group NV's current Forward Rate of Return (Yacktman) % is -9.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tessenderlo Group NV stock overvalued right now?
Tessenderlo Group NV (TSDOF) has a current Forward Rate of Return (Yacktman) % of -9.70%. The stock's GF Value™ is $29.54, compared to a current price of $25.18 — trading 14.8% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is -9.70%. Tessenderlo Group NV's overall GF Score™ is 61/100 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 Tessenderlo Group NV (TSDOF), the current Forward Rate of Return (Yacktman) % is -9.70% as of Dec. 2025. 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 Tessenderlo Group NV (TSDOF) Overvalued in 2026?
Based on GuruFocus' analysis, Tessenderlo Group NV stock appears to be undervalued.
The current stock price of $25.18 is trading 14.8% below its estimated GF Value™ of $29.54.
Key valuation signals for TSDOF:
Forward Rate of Return (Yacktman) %: -9.70%
GF Value™: $29.54 vs. price of $25.18 (14.8% below fair value)
No single metric tells the full story. See the TSDOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tessenderlo Group NV focuses on agriculture, valorizing bio-residuals, machinery, mechanical engineering, electronics, energy, and providing industrial solutions with a focus on water. The firm produces and sells products across five segments: Agro, Industrial Solutions, Bio-Valorization, T-Power, and Machines & Technologies. The majority of its revenue comes from the Agro segment. The Agro segment encompasses activities in agriculture, including crop nutrition and crop protection products. This segment includes the business units Tessenderlo Kerley North America, Tessenderlo Kerley International, and Violleau. Its geographical segments include Europe, North America, South America, Asia, and the rest of the world, with Europe generating the maximum revenue.
61GF Score
Get the complete analysis for TSDOF
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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