Lucara Diamond (BOT:LUC) Cyclically Adjusted FCF per Share: BWP1.30 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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.
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Founder & CEO of GuruFocus
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.

BOT:LUC Lucara Diamond Corp BOT:LUC
100 GF Score
Price BWP4.00
GF Value BWP4.75
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Lucara Diamond Cyclically Adjusted FCF per Share?

Lucara Diamond BOT:LUC 100 Cyclically Adjusted FCF per Share is BWP1.30 as of Mar. 2026. GuruFocus rates BOT:LUC with a GF Score™ of 100/100 and a GF Value™ of BWP4.75 (Modestly Undervalued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Lucara Diamond's adjusted free cash flow per share for the three months ended in Mar. 2026 was BWP-0.441. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is BWP1.30 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Lucara Diamond's average Cyclically Adjusted FCF Growth Rate was -22.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -18.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -1.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Lucara Diamond was 44.20% per year. The lowest was -18.90% per year. And the median was 20.50% per year.

As of today (2026-07-22), Lucara Diamond's current stock price is BWP4.00. Lucara Diamond's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was BWP1.30. Lucara Diamond's Cyclically Adjusted Price-to-FCF of today is 3.08.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Lucara Diamond was 159.00. The lowest was 2.11. And the median was 7.16.


Lucara Diamond  (BOT:LUC) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Lucara Diamond's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=4.00/1.30
=3.08

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Lucara Diamond was 159.00. The lowest was 2.11. And the median was 7.16.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Lucara Diamond Cyclically Adjusted FCF per Share Related Terms


Lucara Diamond Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Lucara Diamond's Cyclically Adjusted FCF per Share 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.

Lucara Diamond Cyclically Adjusted FCF per Share Chart

Lucara Diamond Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.32 1.70 1.11 0.97 1.78

Lucara Diamond Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.10 1.78 1.78 1.78 1.30

BOT:LUC vs HL: Cyclically Adjusted FCF per Share Comparison

For the Other Precious Metals & Mining subindustry, Lucara Diamond's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.


Lucara Diamond Cyclically Adjusted Price-to-FCF vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lucara Diamond's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Lucara Diamond's Cyclically Adjusted Price-to-FCF falls into.


BOT:LUC
100GF Score
Lucara Diamond Corp BOT:LUC
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lucara Diamond Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Lucara Diamond's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-0.441/132.2623*132.2623
=-0.441

Current CPI (Mar. 2026) = 132.2623.

Lucara Diamond Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 2.495 102.002 3.235
201609 -0.885 101.765 -1.150
201612 0.354 101.449 0.462
201703 -0.080 102.634 -0.103
201706 0.930 103.029 1.194
201709 1.293 103.345 1.655
201712 -0.844 103.345 -1.080
201803 -0.622 105.004 -0.783
201806 0.758 105.557 0.950
201809 -0.382 105.636 -0.478
201812 -0.302 105.399 -0.379
201903 0.132 106.979 0.163
201906 0.028 107.690 0.034
201909 0.363 107.611 0.446
201912 0.264 107.769 0.324
202003 -0.051 107.927 -0.062
202006 -0.323 108.401 -0.394
202009 -0.020 108.164 -0.024
202012 -0.241 108.559 -0.294
202103 0.470 110.298 0.564
202106 0.198 111.720 0.234
202109 0.429 112.905 0.503
202112 1.016 113.774 1.181
202203 0.888 117.646 0.998
202206 -0.146 120.806 -0.160
202209 0.479 120.648 0.525
202212 0.210 120.964 0.230
202303 0.569 122.702 0.613
202306 -0.449 124.203 -0.478
202309 0.372 125.230 0.393
202312 -2.726 125.072 -2.883
202403 -0.657 126.258 -0.688
202406 0.079 127.522 0.082
202409 0.511 127.285 0.531
202412 1.168 127.364 1.213
202503 -0.526 129.181 -0.539
202506 0.245 129.892 0.249
202509 0.435 130.287 0.442
202512 0.743 130.366 0.754
202603 -0.441 132.262 -0.441

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of BWP1.30 mean?
Lucara Diamond (BOT:LUC) has a Cyclically Adjusted FCF per Share of BWP1.30 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Lucara Diamond and its competitors.
Is Lucara Diamond's Cyclically Adjusted FCF per Share too high?
Lucara Diamond's current Cyclically Adjusted FCF per Share is BWP1.30. Overall, Lucara Diamond has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lucara Diamond's Cyclically Adjusted FCF per Share compare to HL?
Lucara Diamond's Cyclically Adjusted FCF per Share of BWP1.30 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Metals & Mining company?
A good Cyclically Adjusted FCF per Share depends on the Metals & Mining industry context. However, Cyclically Adjusted FCF per Share 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 Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Lucara Diamond and its competitors. Lucara Diamond's current Cyclically Adjusted FCF per Share is BWP1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lucara Diamond stock overvalued right now?
Based on GuruFocus' analysis, Lucara Diamond (BOT:LUC) is currently considered Modestly Undervalued. The stock's GF Value™ is BWP4.75, compared to a current price of BWP4.00 — trading 15.8% below its estimated fair value. The current Cyclically Adjusted FCF per Share is BWP1.30. Lucara Diamond's overall GF Score™ is 100/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Lucara Diamond (BOT:LUC), the current Cyclically Adjusted FCF per Share is BWP1.30 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 Lucara Diamond (BOT:LUC) Overvalued in 2026?

Based on GuruFocus' analysis, Lucara Diamond stock appears to be undervalued. The current stock price of BWP4.00 is trading 15.8% below its estimated GF Value™ of BWP4.75. GuruFocus considers Lucara Diamond to be Modestly Undervalued.

Key valuation signals for BOT:LUC:

  • Cyclically Adjusted FCF per Share: BWP1.30
  • GF Value™: BWP4.75 vs. price of BWP4.00 (15.8% below fair value)
  • GF Score™: 100/100 with 6 warning signs

No single metric tells the full story. See the BOT:LUC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lucara Diamond Business Description

Address 1055 Dunsmuir Street, P.O Box 49225, 2800, Four Bentall Centre, Vancouver, BC, CAN, V7X 1L2
Lucara Diamond Corp is a diamond mining company focused on the development and operation of its Karowe Mine located in Botswana. The company has one operating segment: Karowe Mine, from which it derives revenue.
100GF Score

Get the complete analysis for BOT:LUC

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BWP4.00
Price
BWP4.75
GF Value