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Neinor HomesXMAD:HOME -0.81%71 Forward Rate of Return (Yacktman) % is 11.06% as of Dec. 2025, which is 18% below its 10-year median of 13.49. GuruFocus rates XMAD:HOME with a GF Score™ of 71/100 and a GF Value™ of €27.98 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,311 Real Estate companies, Neinor Homes ranks better than 60.87% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Neinor Homes's forward rate of return for was 11.06%.
The historical rank and industry rank for Neinor Homes's Forward Rate of Return (Yacktman) % or its related term are showing as below:
XMAD:HOME'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 10.62 Med: 13.49 Max: 34.48
Current: 12.58
During the past 11 years, Neinor Homes's highest Forward Rate of Return was 34.48. The lowest was 10.62. And the median was 13.49.
XMAD:HOME's Forward Rate of Return (Yacktman) % is ranked better than 60.87% of 1311
companies
in the Real Estate industry
Industry Median: 6.51
vs XMAD:HOME: 12.58
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.
Neinor Homes (XMAD:HOME) 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.
Neinor Homes Forward Rate of Return (Yacktman) % Related Terms
Neinor Homes Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Neinor Homes'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.
Neinor Homes Forward Rate of Return (Yacktman) % Chart
Neinor Homes Forward Rate of Return (Yacktman) % Competitor Comparison
For the Real Estate - Development subindustry, Neinor Homes'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.
Neinor Homes Forward Rate of Return (Yacktman) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Neinor Homes's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Neinor Homes's Forward Rate of Return (Yacktman) % falls into.
Neinor Homes 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).
Neinor Homes's Forward Rate of Return of Dec. 2025 is
Forward Rate of Return
=
Normalized Free Cash Flow
/
Price
+
5-Year EBITDA Growth Rate
=
1.55866667
/
19
+
0.0286
=
11.06 %
* 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 11.06% mean?
Neinor Homes (XMAD:HOME) has a Forward Rate of Return (Yacktman) % of 11.06% 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 Neinor Homes and its competitors. This is 18% below median its historical median of 13.49. Over the past decade, Neinor Homes' Forward Rate of Return (Yacktman) % has ranged from 10.62 to 34.48. According to the industry distribution chart, Neinor Homes ranks #513 out of 1311 companies in the Real Estate industry, placing it in the top 39.1%.
Is Neinor Homes' Forward Rate of Return (Yacktman) % too high?
Neinor Homes' current Forward Rate of Return (Yacktman) % of 11.06% is 18% below median its 10-year median of 13.49. Over the past 10 years, this metric has ranged from a low of 10.62 to a high of 34.48. The Real Estate industry median Forward Rate of Return (Yacktman) % is 6.51. Neinor Homes' value of 11.06% is 69.9% above this industry median. Based on the distribution chart, Neinor Homes ranks #513 out of 1311 companies in the Real Estate industry, which is above the industry midpoint. Overall, Neinor Homes has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Neinor Homes' Forward Rate of Return (Yacktman) % compare to competitors?
According to the Real Estate industry distribution chart, Neinor Homes ranks #513 out of 1311 companies for Forward Rate of Return (Yacktman) %. This puts Neinor Homes in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 6.51. Neinor Homes' value of 11.06% is 69.9% above this benchmark. Historically, Neinor Homes' own Forward Rate of Return (Yacktman) % has ranged from 10.62 to 34.48 over the past decade. While the company's 10-year median is 13.49 vs. the industry median of 6.51, Neinor Homes 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 Real Estate company?
The median Forward Rate of Return (Yacktman) % among Real Estate companies is 6.51, based on 1,311 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. Neinor Homes's current Forward Rate of Return (Yacktman) % of 11.06% is 69.9% 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 Neinor Homes and its competitors. For the Real Estate industry, the median Forward Rate of Return (Yacktman) % is 6.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neinor Homes's current Forward Rate of Return (Yacktman) % is 11.06%, which is 18% below median its own 10-year median of 13.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neinor Homes stock overvalued right now?
Based on GuruFocus' analysis, Neinor Homes (XMAD:HOME) is currently considered Possible Value Trap. The stock's GF Value™ is €27.98, compared to a current price of €15.88 — trading 43.2% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 11.06%, which is 18% below median its 10-year median of 13.49 and 69.9% above the Real Estate industry median of 6.51. Neinor Homes' overall GF Score™ is 71/100 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 Neinor Homes (XMAD:HOME), the current Forward Rate of Return (Yacktman) % is 11.06% 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 Neinor Homes (XMAD:HOME) Overvalued in 2026?
Based on GuruFocus' analysis, Neinor Homes stock appears to be undervalued.
The current stock price of €15.88 is trading 43.2% below its estimated GF Value™ of €27.98.
GuruFocus considers Neinor Homes to be Possible Value Trap.
Key valuation signals for XMAD:HOME:
Forward Rate of Return (Yacktman) %: 11.06% (18% below median its 10-year median of 13.49)
GF Value™: €27.98 vs. price of €15.88 (43.2% below fair value)
Industry Position: 69.9% above the Real Estate median (#513 of 1311)
No single metric tells the full story. See the XMAD:HOME stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neinor Homes SA is a residential property development company in Spain. The company is engaged in developing and selling property developments. Its operating segment includes Rentals, Development, Asset Management and others. The company generates maximum revenue from the Development segment.
71GF Score
Get the complete analysis for XMAD:HOME
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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