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Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Chocoladefabriken Lindt & Spruengli AG's forward rate of return for was 14.83%.
The historical rank and industry rank for Chocoladefabriken Lindt & Spruengli AG's Forward Rate of Return (Yacktman) % or its related term are showing as below:
XSWX:LISP'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 4.21 Med: 10.15 Max: 15.31
Current: 15.24
During the past 13 years, Chocoladefabriken Lindt & Spruengli AG's highest Forward Rate of Return was 15.31. The lowest was 4.21. And the median was 10.15.
XSWX:LISP's Forward Rate of Return (Yacktman) % is ranked better than 67.81% of 1401
companies
in the Consumer Packaged Goods industry
Industry Median: 8.37
vs XSWX:LISP: 15.24
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.
Chocoladefabriken Lindt & Spruengli AG (XSWX:LISP) 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.
Chocoladefabriken Lindt & Spruengli AG Forward Rate of Return (Yacktman) % Related Terms
Chocoladefabriken Lindt & Spruengli AG Forward Rate of Return (Yacktman) % Historical Data
* 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.
Chocoladefabriken Lindt & Spruengli AG Forward Rate of Return (Yacktman) % Chart
Chocoladefabriken Lindt & Spruengli AG Annual Data
XSWX:LISP vs MDLZ, HSY, TR: Forward Rate of Return (Yacktman) % Comparison
For the Confectioners subindustry, Chocoladefabriken Lindt & Spruengli AG'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.
Chocoladefabriken Lindt & Spruengli AG Forward Rate of Return (Yacktman) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Chocoladefabriken Lindt & Spruengli AG's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Chocoladefabriken Lindt & Spruengli AG's Forward Rate of Return (Yacktman) % falls into.
Chocoladefabriken Lindt & Spruengli AG 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 14.83% mean?
Chocoladefabriken Lindt & Spruengli AG (XSWX:LISP) has a Forward Rate of Return (Yacktman) % of 14.83% 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 Chocoladefabriken Lindt & Spruengli AG and its competitors. This is 46% above median its historical median of 10.15. Over the past decade, Chocoladefabriken Lindt & Spruengli AG's Forward Rate of Return (Yacktman) % has ranged from 4.21 to 15.31. According to the industry distribution chart, Chocoladefabriken Lindt & Spruengli AG ranks #451 out of 1401 companies in the Consumer Packaged Goods industry, placing it in the top 32.2%.
Is Chocoladefabriken Lindt & Spruengli AG's Forward Rate of Return (Yacktman) % too high?
Chocoladefabriken Lindt & Spruengli AG's current Forward Rate of Return (Yacktman) % of 14.83% is 46% above median its 10-year median of 10.15. Over the past 10 years, this metric has ranged from a low of 4.21 to a high of 15.31. The Consumer Packaged Goods industry median Forward Rate of Return (Yacktman) % is 8.37. Chocoladefabriken Lindt & Spruengli AG's value of 14.83% is 77.2% above this industry median. Based on the distribution chart, Chocoladefabriken Lindt & Spruengli AG ranks #451 out of 1401 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Chocoladefabriken Lindt & Spruengli AG has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chocoladefabriken Lindt & Spruengli AG's Forward Rate of Return (Yacktman) % compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Chocoladefabriken Lindt & Spruengli AG ranks #451 out of 1401 companies for Forward Rate of Return (Yacktman) %. This puts Chocoladefabriken Lindt & Spruengli AG in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 8.37. Chocoladefabriken Lindt & Spruengli AG's value of 14.83% is 77.2% above this benchmark. Historically, Chocoladefabriken Lindt & Spruengli AG's own Forward Rate of Return (Yacktman) % has ranged from 4.21 to 15.31 over the past decade. While the company's 10-year median is 10.15 vs. the industry median of 8.37, Chocoladefabriken Lindt & Spruengli AG 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 Consumer Packaged Goods company?
The median Forward Rate of Return (Yacktman) % among Consumer Packaged Goods companies is 8.37, based on 1,401 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. Chocoladefabriken Lindt & Spruengli AG's current Forward Rate of Return (Yacktman) % of 14.83% is 77.2% 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 Chocoladefabriken Lindt & Spruengli AG and its competitors. For the Consumer Packaged Goods industry, the median Forward Rate of Return (Yacktman) % is 8.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chocoladefabriken Lindt & Spruengli AG's current Forward Rate of Return (Yacktman) % is 14.83%, which is 46% above 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 Chocoladefabriken Lindt & Spruengli AG stock overvalued right now?
Based on GuruFocus' analysis, Chocoladefabriken Lindt & Spruengli AG (XSWX:LISP) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF12,198.84, compared to a current price of CHF9,400.00 — trading 22.9% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 14.83%, which is 46% above median its 10-year median of 10.15 and 77.2% above the Consumer Packaged Goods industry median of 8.37. Chocoladefabriken Lindt & Spruengli AG's overall GF Score™ is 78/100 with 2 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 Chocoladefabriken Lindt & Spruengli AG (XSWX:LISP), the current Forward Rate of Return (Yacktman) % is 14.83% 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 Chocoladefabriken Lindt & Spruengli AG (XSWX:LISP) Overvalued in 2026?
Based on GuruFocus' analysis, Chocoladefabriken Lindt & Spruengli AG stock appears to be undervalued.
The current stock price of CHF9,400.00 is trading 22.9% below its estimated GF Value™ of CHF12,198.84.
GuruFocus considers Chocoladefabriken Lindt & Spruengli AG to be Modestly Undervalued.
Key valuation signals for XSWX:LISP:
Forward Rate of Return (Yacktman) %: 14.83% (46% above median its 10-year median of 10.15)
GF Value™: CHF12,198.84 vs. price of CHF9,400.00 (22.9% below fair value)
Industry Position: 77.2% above the Consumer Packaged Goods median (#451 of 1401)
No single metric tells the full story. See the XSWX:LISP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Swiss-based Chocoladefabriken Lindt & Spruengli is a manufacturer of premium chocolate. Key brands include Lindt, Lindor, Ghirardelli, Russell Stover, Whitman's, and Caffarel. The company bought US-based Russell Stover, its largest-ever acquisition, in 2014. It derives the bulk of its sales from Europe (47% of its consolidated base) but also competes in North America (40%) and the rest of the world (13%). The company operates 11 manufacturing plants in Europe and the United States. Its distribution network includes more than 620 own stores.
78GF Score
Get the complete analysis for XSWX:LISP
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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