LafargeHolcim Bangladesh (DHA:LHB) Cyclically Adjusted FCF per Share: BDT3.39 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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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Charlie Tian
Charlie Tian
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.

DHA:LHB LafargeHolcim Bangladesh PLC DHA:LHB
90 GF Score
Price BDT60.20
GF Value BDT60.60
Valuation Fairly Valued
! 6 Warning Signs
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What is LafargeHolcim Bangladesh Cyclically Adjusted FCF per Share?

LafargeHolcim Bangladesh DHA:LHB -0.82% 90 Cyclically Adjusted FCF per Share is BDT3.39 as of Mar. 2026. GuruFocus rates DHA:LHB with a GF Score™ of 90/100 and a GF Value™ of BDT60.60 (Fairly Valued). 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.

LafargeHolcim Bangladesh's adjusted free cash flow per share for the three months ended in Mar. 2026 was BDT-4.718. 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 BDT3.39 for the trailing ten years ended in Mar. 2026.

During the past 12 months, LafargeHolcim Bangladesh's average Cyclically Adjusted FCF Growth Rate was 0.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 4.60% 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 LafargeHolcim Bangladesh was 8.10% per year. The lowest was 4.60% per year. And the median was 6.35% per year.

As of today (2026-07-20), LafargeHolcim Bangladesh's current stock price is BDT60.20. LafargeHolcim Bangladesh's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was BDT3.39. LafargeHolcim Bangladesh's Cyclically Adjusted Price-to-FCF of today is 17.76.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of LafargeHolcim Bangladesh was 27.63. The lowest was 12.20. And the median was 18.53.


LafargeHolcim Bangladesh  (DHA:LHB) 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.

LafargeHolcim Bangladesh's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=60.20/3.39
=17.76

* 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 LafargeHolcim Bangladesh was 27.63. The lowest was 12.20. And the median was 18.53.


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.


LafargeHolcim Bangladesh Cyclically Adjusted FCF per Share Related Terms


LafargeHolcim Bangladesh Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for LafargeHolcim Bangladesh'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.

LafargeHolcim Bangladesh Cyclically Adjusted FCF per Share Chart

LafargeHolcim Bangladesh 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 2.95 3.36 3.44 3.73 3.84

LafargeHolcim Bangladesh 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 3.37 3.77 3.62 3.84 3.39

DHA:LHB vs CRH, VMC, MLM: Cyclically Adjusted FCF per Share Comparison

For the Building Materials subindustry, LafargeHolcim Bangladesh'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.


LafargeHolcim Bangladesh Cyclically Adjusted Price-to-FCF vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, LafargeHolcim Bangladesh's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


DHA:LHB
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LafargeHolcim Bangladesh PLC DHA:LHB
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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LafargeHolcim Bangladesh 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, LafargeHolcim Bangladesh'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)
=-4.718/330.2130*330.2130
=-4.718

Current CPI (Mar. 2026) = 330.2130.

LafargeHolcim Bangladesh Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -0.044 241.018 -0.060
201609 0.044 241.428 0.060
201612 1.417 241.432 1.938
201703 -0.106 243.801 -0.144
201706 -0.189 244.955 -0.255
201709 0.229 246.819 0.306
201712 0.931 246.524 1.247
201803 0.746 249.554 0.987
201806 -0.275 251.989 -0.360
201809 0.602 252.439 0.787
201812 0.917 251.233 1.205
201903 0.428 254.202 0.556
201906 0.636 256.143 0.820
201909 0.695 256.759 0.894
201912 0.933 256.974 1.199
202003 1.042 258.115 1.333
202006 0.529 257.797 0.678
202009 0.850 260.280 1.078
202012 0.824 260.474 1.045
202103 2.756 264.877 3.436
202106 -0.125 271.696 -0.152
202109 0.634 274.310 0.763
202112 1.156 278.802 1.369
202203 1.595 287.504 1.832
202206 0.581 296.311 0.647
202209 0.658 296.808 0.732
202212 2.328 296.797 2.590
202303 2.648 301.836 2.897
202306 0.765 305.109 0.828
202309 0.526 307.789 0.564
202312 -0.074 306.746 -0.080
202403 0.745 312.332 0.788
202406 1.201 314.175 1.262
202409 -0.480 315.301 -0.503
202412 4.292 315.605 4.491
202503 -3.513 319.799 -3.627
202506 4.450 322.561 4.556
202509 -1.574 324.800 -1.600
202512 4.412 324.054 4.496
202603 -4.718 330.213 -4.718

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 BDT3.39 mean?
LafargeHolcim Bangladesh (DHA:LHB) has a Cyclically Adjusted FCF per Share of BDT3.39 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 LafargeHolcim Bangladesh and its competitors.
Is LafargeHolcim Bangladesh's Cyclically Adjusted FCF per Share too high?
LafargeHolcim Bangladesh's current Cyclically Adjusted FCF per Share is BDT3.39. Overall, LafargeHolcim Bangladesh has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does LafargeHolcim Bangladesh's Cyclically Adjusted FCF per Share compare to CRH and VMC?
LafargeHolcim Bangladesh's Cyclically Adjusted FCF per Share of BDT3.39 can be compared against companies in the Building Materials 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 Building Materials company?
A good Cyclically Adjusted FCF per Share depends on the Building Materials 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 LafargeHolcim Bangladesh and its competitors. LafargeHolcim Bangladesh's current Cyclically Adjusted FCF per Share is BDT3.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LafargeHolcim Bangladesh stock overvalued right now?
Based on GuruFocus' analysis, LafargeHolcim Bangladesh (DHA:LHB) is currently considered Fairly Valued. The stock's GF Value™ is BDT60.60, compared to a current price of BDT60.20 — trading 0.7% below its estimated fair value. The current Cyclically Adjusted FCF per Share is BDT3.39. LafargeHolcim Bangladesh's overall GF Score™ is 90/100 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 LafargeHolcim Bangladesh (DHA:LHB), the current Cyclically Adjusted FCF per Share is BDT3.39 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 LafargeHolcim Bangladesh (DHA:LHB) Overvalued in 2026?

Based on GuruFocus' analysis, LafargeHolcim Bangladesh stock appears to be undervalued. The current stock price of BDT60.20 is trading 0.7% below its estimated GF Value™ of BDT60.60. GuruFocus considers LafargeHolcim Bangladesh to be Fairly Valued.

Key valuation signals for DHA:LHB:

  • Cyclically Adjusted FCF per Share: BDT3.39
  • GF Value™: BDT60.60 vs. price of BDT60.20 (0.7% below fair value)
  • GF Score™: 90/100 with 6 warning signs

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


LafargeHolcim Bangladesh Business Description

Address Tejgaon Gulshan Link Road, NinaKabbo, Level-7, 227/A Bir Uttam Mir Shawkat Sarak, Dhaka, BGD, 1208
LafargeHolcim Bangladesh PLC is a frontline cement producer in Bangladesh. The company is engaged in the manufacturing and marketing cement in the local and international market. It operates a cement manufacturing plant at Chhatak. Company has divided it's operations in two business segments namely, Clinker and cement and Aggregates and derives majority revenue from the Clinker and cement segment.
90GF Score

Get the complete analysis for DHA:LHB

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

BDT60.20
Price
BDT60.60
GF Value