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HELLA GmbH KGaAXSWX:HLE 73 Forward Rate of Return (Yacktman) % is 6.47% as of Mar. 2026, which is 1% below its 10-year median of 6.51. GuruFocus rates XSWX:HLE with a GF Score™ of 73/100 and a GF Value™ of CHF73.11. The stock has 7 warning signs investors should review. Among 988 Vehicles & Parts companies, HELLA GmbH KGaA ranks worse than 59.72% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. HELLA GmbH KGaA's forward rate of return for was 6.47%.
The historical rank and industry rank for HELLA GmbH KGaA's Forward Rate of Return (Yacktman) % or its related term are showing as below:
XSWX:HLE'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -7.95 Med: 6.51 Max: 18.67
Current: 6.51
During the past 13 years, HELLA GmbH KGaA's highest Forward Rate of Return was 18.67. The lowest was -7.95. And the median was 6.51.
XSWX:HLE's Forward Rate of Return (Yacktman) % is ranked worse than 59.72% of 988
companies
in the Vehicles & Parts industry
Industry Median: 10.73
vs XSWX:HLE: 6.51
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.
HELLA GmbH KGaA Forward Rate of Return (Yacktman) % Related Terms
HELLA GmbH KGaA Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for HELLA GmbH KGaA'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.
HELLA GmbH KGaA Forward Rate of Return (Yacktman) % Chart
XSWX:HLE vs ORLY, AZO: Forward Rate of Return (Yacktman) % Comparison
For the Auto Parts subindustry, HELLA GmbH KGaA'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.
HELLA GmbH KGaA Forward Rate of Return (Yacktman) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, HELLA GmbH KGaA's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where HELLA GmbH KGaA's Forward Rate of Return (Yacktman) % falls into.
HELLA GmbH KGaA 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 6.47% mean?
HELLA GmbH KGaA (XSWX:HLE) has a Forward Rate of Return (Yacktman) % of 6.47% as of Mar. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on HELLA GmbH KGaA and its competitors. This is near median its historical median of 6.51. According to the industry distribution chart, HELLA GmbH KGaA ranks #590 out of 988 companies in the Vehicles & Parts industry, placing it in the top 59.7%.
Is HELLA GmbH KGaA's Forward Rate of Return (Yacktman) % too high?
HELLA GmbH KGaA's current Forward Rate of Return (Yacktman) % of 6.47% is near median its 10-year median of 6.51. The Vehicles & Parts industry median Forward Rate of Return (Yacktman) % is 10.73. HELLA GmbH KGaA's value of 6.47% is 39.7% below this industry median. Based on the distribution chart, HELLA GmbH KGaA ranks #590 out of 988 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, HELLA GmbH KGaA has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does HELLA GmbH KGaA's Forward Rate of Return (Yacktman) % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, HELLA GmbH KGaA ranks #590 out of 988 companies for Forward Rate of Return (Yacktman) %. This places HELLA GmbH KGaA in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 10.73. HELLA GmbH KGaA's value of 6.47% is 39.7% below this benchmark. While the company's 10-year median is 6.51 vs. the industry median of 10.73, HELLA GmbH KGaA has consistently been below 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 Vehicles & Parts company?
The median Forward Rate of Return (Yacktman) % among Vehicles & Parts companies is 10.73, based on 988 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. HELLA GmbH KGaA's current Forward Rate of Return (Yacktman) % of 6.47% is 39.7% below 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 HELLA GmbH KGaA and its competitors. For the Vehicles & Parts industry, the median Forward Rate of Return (Yacktman) % is 10.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HELLA GmbH KGaA's current Forward Rate of Return (Yacktman) % is 6.47%, which is near median its own 10-year median of 6.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HELLA GmbH KGaA stock overvalued right now?
HELLA GmbH KGaA (XSWX:HLE) has a current Forward Rate of Return (Yacktman) % of 6.47%. The stock's GF Value™ is CHF73.11, compared to a current price of CHF65.70 — trading 10.1% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 6.47%, which is near median its 10-year median of 6.51 and 39.7% below the Vehicles & Parts industry median of 10.73. HELLA GmbH KGaA's overall GF Score™ is 73/100 with 7 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 HELLA GmbH KGaA (XSWX:HLE), the current Forward Rate of Return (Yacktman) % is 6.47% as of Mar. 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 HELLA GmbH KGaA (XSWX:HLE) Overvalued in 2026?
Based on GuruFocus' analysis, HELLA GmbH KGaA stock appears to be undervalued.
The current stock price of CHF65.70 is trading 10.1% below its estimated GF Value™ of CHF73.11.
Key valuation signals for XSWX:HLE:
Forward Rate of Return (Yacktman) %: 6.47% (near median its 10-year median of 6.51)
GF Value™: CHF73.11 vs. price of CHF65.70 (10.1% below fair value)
Industry Position: 39.7% below the Vehicles & Parts median (#590 of 988)
No single metric tells the full story. See the XSWX:HLE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HELLA GmbH & Co KGaA is a manufacturer of lighting and electronic components and systems for the automotive industry. The company also produces complete vehicle modules, air-conditioning systems, and vehicle electrical systems in its joint-venture companies, as well as products for specialist vehicles. Further, Hella operates a trade organisation for automotive parts, accessories, diagnosis, and services in Europe. The company is controlled through a pooled family majority shareholding in the group. The company has three reportable segments, which are Lighting, Electronics, and Lifecycle Solutions. The company generates the majority of its revenue from the Lighting segment.
73GF Score
Get the complete analysis for XSWX:HLE
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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