Havanna Holding (BUE:HAVA) Cyclically Adjusted FCF per Share: ARS136.97 (As of Mar. 2026)

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BUE:HAVA Havanna Holding SA BUE:HAVA
77 GF Score
Price ARS5,070.00
GF Value ARS6,935.74
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Havanna Holding Cyclically Adjusted FCF per Share?

Havanna Holding BUE:HAVA 77 Cyclically Adjusted FCF per Share is ARS136.97 as of Mar. 2026. GuruFocus rates BUE:HAVA with a GF Score™ of 77/100 and a GF Value™ of ARS6,935.74 (Modestly Undervalued). The stock has 3 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.

Havanna Holding's adjusted free cash flow per share for the three months ended in Mar. 2026 was ARS313.915. 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 ARS136.97 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Havanna Holding's average Cyclically Adjusted FCF Growth Rate was 8.70% 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.

As of today (2026-07-31), Havanna Holding's current stock price is ARS5070.00. Havanna Holding's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was ARS136.97. Havanna Holding's Cyclically Adjusted Price-to-FCF of today is 37.02.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Havanna Holding was 78.36. The lowest was 33.45. And the median was 52.21.


Havanna Holding  (BUE:HAVA) 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.

Havanna Holding's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=5070.00/136.97
=37.02

* 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 Havanna Holding was 78.36. The lowest was 33.45. And the median was 52.21.


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.


Havanna Holding Cyclically Adjusted FCF per Share Related Terms


Havanna Holding Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Havanna Holding'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.

Havanna Holding Cyclically Adjusted FCF per Share Chart

Havanna Holding 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 0.00 0.00 0.00 101.28 103.80

Havanna Holding 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 126.03 119.57 101.59 103.80 136.97

BUE:HAVA vs MCD, SBUX, YUM: Cyclically Adjusted FCF per Share Comparison

For the Restaurants subindustry, Havanna Holding'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.


Havanna Holding Cyclically Adjusted Price-to-FCF vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Havanna Holding's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


BUE:HAVA
77GF Score
Havanna Holding SA BUE:HAVA
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Havanna Holding 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, Havanna Holding'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)
=313.915/330.2130*330.2130
=313.915

Current CPI (Mar. 2026) = 330.2130.

Havanna Holding Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -0.030 241.018 -0.041
201609 -0.320 241.428 -0.438
201612 -0.825 241.432 -1.128
201703 1.413 243.801 1.914
201706 0.337 244.955 0.454
201709 0.478 246.819 0.640
201712 0.869 246.524 1.164
201803 2.613 249.554 3.458
201806 -0.380 251.989 -0.498
201809 -1.642 252.439 -2.148
201812 1.726 251.233 2.269
201903 -1.032 254.202 -1.341
201906 6.007 256.143 7.744
201909 -1.569 256.759 -2.018
201912 2.679 256.974 3.443
202003 4.359 258.115 5.577
202006 -0.313 257.797 -0.401
202009 -0.078 260.280 -0.099
202012 -0.323 260.474 -0.409
202103 14.595 264.877 18.195
202106 5.799 271.696 7.048
202109 12.609 274.310 15.179
202112 18.154 278.802 21.502
202203 42.284 287.504 48.565
202206 17.787 296.311 19.822
202209 36.879 296.808 41.030
202212 89.944 296.797 100.071
202303 135.007 301.836 147.700
202306 -30.858 305.109 -33.397
202309 20.578 307.789 22.077
202312 121.113 306.746 130.379
202403 281.426 312.332 297.538
202406 -18.243 314.175 -19.174
202409 -16.437 315.301 -17.214
202412 151.625 315.605 158.643
202503 248.067 319.799 256.145
202506 -69.745 322.561 -71.400
202509 -153.283 324.800 -155.838
202512 49.820 324.054 50.767
202603 313.915 330.213 313.915

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 ARS136.97 mean?
Havanna Holding (BUE:HAVA) has a Cyclically Adjusted FCF per Share of ARS136.97 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 Havanna Holding and its competitors.
Is Havanna Holding's Cyclically Adjusted FCF per Share too high?
Havanna Holding's current Cyclically Adjusted FCF per Share is ARS136.97. Overall, Havanna Holding has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Havanna Holding's Cyclically Adjusted FCF per Share compare to MCD and SBUX?
Havanna Holding's Cyclically Adjusted FCF per Share of ARS136.97 can be compared against companies in the Restaurants 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 Restaurants company?
A good Cyclically Adjusted FCF per Share depends on the Restaurants 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 Havanna Holding and its competitors. Havanna Holding's current Cyclically Adjusted FCF per Share is ARS136.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Havanna Holding stock overvalued right now?
Based on GuruFocus' analysis, Havanna Holding (BUE:HAVA) is currently considered Modestly Undervalued. The stock's GF Value™ is ARS6,935.74, compared to a current price of ARS5,070.00 — trading 26.9% below its estimated fair value. The current Cyclically Adjusted FCF per Share is ARS136.97. Havanna Holding's overall GF Score™ is 77/100 with 3 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 Havanna Holding (BUE:HAVA), the current Cyclically Adjusted FCF per Share is ARS136.97 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 Havanna Holding (BUE:HAVA) Overvalued in 2026?

Based on GuruFocus' analysis, Havanna Holding stock appears to be undervalued. The current stock price of ARS5,070.00 is trading 26.9% below its estimated GF Value™ of ARS6,935.74. GuruFocus considers Havanna Holding to be Modestly Undervalued.

Key valuation signals for BUE:HAVA:

  • Cyclically Adjusted FCF per Share: ARS136.97
  • GF Value™: ARS6,935.74 vs. price of ARS5,070.00 (26.9% below fair value)
  • GF Score™: 77/100 with 3 warning signs

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


Havanna Holding Business Description

Address Costa Rica, Buenos Aires, ARG, 4161
Havanna Holding SA is an investment company. Through its subsidiaries, it operates coffee stores franchises in Argentina, Chile. Brazil, Venezuela, Bolivia, Paraguay, Uruguay, Peru, Mexico and Spain. Its products are cookies, chocolates, lattes, frappes.
77GF Score

Get the complete analysis for BUE:HAVA

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

ARS5,070.00
Price
ARS6,935.74
GF Value