Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Cleanaway Waste ManagementTSPCF 87 Forward Rate of Return (Yacktman) % is 9.95% as of Jun. 2025, which is 2% below its 10-year median of 10.15. GuruFocus rates TSPCF with a GF Score™ of 87/100 and a GF Value™ of $2.22 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 143 Waste Management companies, Cleanaway Waste Management ranks better than 63.64% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Cleanaway Waste Management's forward rate of return for was 9.95%.
The historical rank and industry rank for Cleanaway Waste Management's Forward Rate of Return (Yacktman) % or its related term are showing as below:
TSPCF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 5.47 Med: 10.15 Max: 21.89
Current: 10.36
During the past 13 years, Cleanaway Waste Management's highest Forward Rate of Return was 21.89. The lowest was 5.47. And the median was 10.15.
TSPCF's Forward Rate of Return (Yacktman) % is ranked better than 63.64% of 143
companies
in the Waste Management industry
Industry Median: 6.19
vs TSPCF: 10.36
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.
Cleanaway Waste Management Forward Rate of Return (Yacktman) % Related Terms
Cleanaway Waste Management Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Cleanaway Waste Management'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.
Cleanaway Waste Management Forward Rate of Return (Yacktman) % Chart
TSPCF vs WM, RSG, WCN: Forward Rate of Return (Yacktman) % Comparison
For the Waste Management subindustry, Cleanaway Waste Management'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.
Cleanaway Waste Management Forward Rate of Return (Yacktman) % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Cleanaway Waste Management's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Cleanaway Waste Management's Forward Rate of Return (Yacktman) % falls into.
Cleanaway Waste Management 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 9.95% mean?
Cleanaway Waste Management (TSPCF) has a Forward Rate of Return (Yacktman) % of 9.95% as of Jun. 2025. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Cleanaway Waste Management and its competitors. This is near median its historical median of 10.15. Over the past decade, Cleanaway Waste Management's Forward Rate of Return (Yacktman) % has ranged from 5.47 to 21.89. According to the industry distribution chart, Cleanaway Waste Management ranks #52 out of 143 companies in the Waste Management industry, placing it in the top 36.4%.
Is Cleanaway Waste Management's Forward Rate of Return (Yacktman) % too high?
Cleanaway Waste Management's current Forward Rate of Return (Yacktman) % of 9.95% is near median its 10-year median of 10.15. Over the past 10 years, this metric has ranged from a low of 5.47 to a high of 21.89. The Waste Management industry median Forward Rate of Return (Yacktman) % is 6.19. Cleanaway Waste Management's value of 9.95% is 60.7% above this industry median. Based on the distribution chart, Cleanaway Waste Management ranks #52 out of 143 companies in the Waste Management industry, which is above the industry midpoint. Overall, Cleanaway Waste Management has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cleanaway Waste Management's Forward Rate of Return (Yacktman) % compare to WM and RSG?
According to the Waste Management industry distribution chart, Cleanaway Waste Management ranks #52 out of 143 companies for Forward Rate of Return (Yacktman) %. This puts Cleanaway Waste Management in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 6.19. Cleanaway Waste Management's value of 9.95% is 60.7% above this benchmark. Historically, Cleanaway Waste Management's own Forward Rate of Return (Yacktman) % has ranged from 5.47 to 21.89 over the past decade. While the company's 10-year median is 10.15 vs. the industry median of 6.19, Cleanaway Waste Management 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 Waste Management company?
The median Forward Rate of Return (Yacktman) % among Waste Management companies is 6.19, based on 143 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. Cleanaway Waste Management's current Forward Rate of Return (Yacktman) % of 9.95% is 60.7% 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 Cleanaway Waste Management and its competitors. For the Waste Management industry, the median Forward Rate of Return (Yacktman) % is 6.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cleanaway Waste Management's current Forward Rate of Return (Yacktman) % is 9.95%, which is near median its own 10-year median of 10.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cleanaway Waste Management stock overvalued right now?
Based on GuruFocus' analysis, Cleanaway Waste Management (TSPCF) is currently considered Modestly Undervalued. The stock's GF Value™ is $2.22, compared to a current price of $1.93 — trading 13.1% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 9.95%, which is near median its 10-year median of 10.15 and 60.7% above the Waste Management industry median of 6.19. Cleanaway Waste Management's overall GF Score™ is 87/100 with 6 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 Cleanaway Waste Management (TSPCF), the current Forward Rate of Return (Yacktman) % is 9.95% as of Jun. 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 Cleanaway Waste Management (TSPCF) Overvalued in 2026?
Based on GuruFocus' analysis, Cleanaway Waste Management stock appears to be undervalued.
The current stock price of $1.93 is trading 13.1% below its estimated GF Value™ of $2.22.
GuruFocus considers Cleanaway Waste Management to be Modestly Undervalued.
Key valuation signals for TSPCF:
Forward Rate of Return (Yacktman) %: 9.95% (near median its 10-year median of 10.15)
GF Value™: $2.22 vs. price of $1.93 (13.1% below fair value)
Industry Position: 60.7% above the Waste Management median (#52 of 143)
No single metric tells the full story. See the TSPCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cleanaway Waste Management is Australia's largest waste management business with a national footprint in the collection and disposal of waste. It is active in municipal and commercial and industrial waste stream segments and in nonhazardous and hazardous liquid and medical waste. While Cleanaway is allocating greater capital to waste processing and treatment, earnings remain skewed toward waste collection. The company is particularly strong in commercial, industrial, and municipal waste collection with strong market share in all large Australian metro waste collection markets.
87GF Score
Get the complete analysis for TSPCF
Forward Rate of Return (Yacktman) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSPCF has been successfully added to your 
