Khulna Power Co (DHA:KPCL) Cyclically Adjusted FCF per Share: BDT2.91 (As of Mar. 2026)

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DHA:KPCL Khulna Power Co Ltd DHA:KPCL
57 GF Score
Price BDT10.40
GF Value BDT4.06
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Khulna Power Co Cyclically Adjusted FCF per Share?

Khulna Power Co DHA:KPCL +0.97% 57 Cyclically Adjusted FCF per Share is BDT2.91 as of Mar. 2026. GuruFocus rates DHA:KPCL with a GF Score™ of 57/100 and a GF Value™ of BDT4.06 (Significantly Overvalued). The stock has 4 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.

Khulna Power Co's adjusted free cash flow per share for the three months ended in Mar. 2026 was BDT0.019. 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 BDT2.91 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Khulna Power Co's average Cyclically Adjusted FCF Growth Rate was -29.40% 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.

As of today (2026-07-14), Khulna Power Co's current stock price is BDT10.40. Khulna Power Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was BDT2.91. Khulna Power Co's Cyclically Adjusted Price-to-FCF of today is 3.57.

During the past 12 years, the highest Cyclically Adjusted Price-to-FCF of Khulna Power Co was 6.36. The lowest was 2.05. And the median was 2.60.


Khulna Power Co  (DHA:KPCL) 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.

Khulna Power Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10.40/2.91
=3.57

* 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 12 years, the highest Cyclically Adjusted Price-to-FCF of Khulna Power Co was 6.36. The lowest was 2.05. And the median was 2.60.


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.


Khulna Power Co Cyclically Adjusted FCF per Share Related Terms


Khulna Power Co Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Khulna Power Co'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.

Khulna Power Co Cyclically Adjusted FCF per Share Chart

Khulna Power Co Annual Data
Trend Dec15 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 4.92 4.44

Khulna Power Co 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 4.12 4.44 3.95 4.62 2.91

DHA:KPCL vs NEE, SO, DUK: Cyclically Adjusted FCF per Share Comparison

For the Utilities - Regulated Electric subindustry, Khulna Power Co'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.


Khulna Power Co Cyclically Adjusted Price-to-FCF vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Khulna Power Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Khulna Power Co's Cyclically Adjusted Price-to-FCF falls into.


DHA:KPCL
57GF Score
Khulna Power Co Ltd DHA:KPCL
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Khulna Power Co 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, Khulna Power Co'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)
=0.019/330.2130*330.2130
=0.019

Current CPI (Mar. 2026) = 330.2130.

Khulna Power Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201603 4.772 238.132 6.617
201609 -1.393 241.428 -1.905
201612 9.224 241.432 12.616
201703 3.865 243.801 5.235
201706 -7.342 244.955 -9.897
201709 1.054 246.819 1.410
201712 6.982 246.524 9.352
201803 2.909 249.554 3.849
201806 -8.245 251.989 -10.804
201809 0.642 252.439 0.840
201812 -0.312 251.233 -0.410
201903 -0.001 254.202 -0.001
201906 -0.006 256.143 -0.008
201909 1.143 256.759 1.470
201912 -0.119 256.974 -0.153
202003 -0.032 258.115 -0.041
202006 0.005 257.797 0.006
202009 1.163 260.280 1.475
202012 4.962 260.474 6.291
202103 1.407 264.877 1.754
202106 -0.907 271.696 -1.102
202109 1.417 274.310 1.706
202112 1.463 278.802 1.733
202203 -0.086 287.504 -0.099
202206 -0.789 296.311 -0.879
202209 -1.836 296.808 -2.043
202212 -2.747 296.797 -3.056
202303 5.175 301.836 5.662
202306 -5.081 305.109 -5.499
202309 0.126 307.789 0.135
202312 1.416 306.746 1.524
202403 1.715 312.332 1.813
202406 -0.116 314.175 -0.122
202409 -0.126 315.301 -0.132
202412 0.976 315.605 1.021
202503 0.009 319.799 0.009
202506 0.737 322.561 0.754
202509 -0.006 324.800 -0.006
202512 -0.025 324.054 -0.025
202603 0.019 330.213 0.019

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 BDT2.91 mean?
Khulna Power Co (DHA:KPCL) has a Cyclically Adjusted FCF per Share of BDT2.91 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 Khulna Power Co and its competitors.
Is Khulna Power Co's Cyclically Adjusted FCF per Share too high?
Khulna Power Co's current Cyclically Adjusted FCF per Share is BDT2.91. Overall, Khulna Power Co has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Khulna Power Co's Cyclically Adjusted FCF per Share compare to NEE and SO?
Khulna Power Co's Cyclically Adjusted FCF per Share of BDT2.91 can be compared against companies in the Utilities - Regulated 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 an Utilities - Regulated company?
A good Cyclically Adjusted FCF per Share depends on the Utilities - Regulated 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 Khulna Power Co and its competitors. Khulna Power Co's current Cyclically Adjusted FCF per Share is BDT2.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Khulna Power Co stock overvalued right now?
Based on GuruFocus' analysis, Khulna Power Co (DHA:KPCL) is currently considered Significantly Overvalued. The stock's GF Value™ is BDT4.06, compared to a current price of BDT10.40 — trading 156.2% above its estimated fair value. The current Cyclically Adjusted FCF per Share is BDT2.91. Khulna Power Co's overall GF Score™ is 57/100 with 4 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 Khulna Power Co (DHA:KPCL), the current Cyclically Adjusted FCF per Share is BDT2.91 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 Khulna Power Co (DHA:KPCL) Overvalued in 2026?

Based on GuruFocus' analysis, Khulna Power Co stock appears to be overvalued. The current stock price of BDT10.40 is trading 156.2% above its estimated GF Value™ of BDT4.06. GuruFocus considers Khulna Power Co to be Significantly Overvalued.

Key valuation signals for DHA:KPCL:

  • Cyclically Adjusted FCF per Share: BDT2.91
  • GF Value™: BDT4.06 vs. price of BDT10.40 (156.2% above fair value)
  • GF Score™: 57/100 with 4 warning signs

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


Khulna Power Co Business Description

Address United House, Madani Avenue, United City, Dhaka, BGD, 1212
Khulna Power Co Ltd is engaged in generating electricity, selling such generated electricity to the Bangladesh Power Development Board, and acquiring fuel required for such electricity generation from home and abroad. The company receives revenue in the form of capacity, rental, and energy. The energy payment generates maximum revenue for the company.
57GF Score

Get the complete analysis for DHA:KPCL

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

BDT10.40
Price
BDT4.06
GF Value