Marico Bangladesh (DHA:MARICO) Cyclically Adjusted FCF per Share: BDT87.87 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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:MARICO Marico Bangladesh Ltd DHA:MARICO
96 GF Score
Price BDT2,734.20
GF Value BDT3,284.73
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Marico Bangladesh Cyclically Adjusted FCF per Share?

Marico Bangladesh DHA:MARICO -0.22% 96 Cyclically Adjusted FCF per Share is BDT87.87 as of Mar. 2026. GuruFocus rates DHA:MARICO with a GF Score™ of 96/100 and a GF Value™ of BDT3,284.73 (Modestly Undervalued). The stock has 7 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.

Marico Bangladesh's adjusted free cash flow per share for the three months ended in Mar. 2026 was BDT-2.698. 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 BDT87.87 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Marico Bangladesh's average Cyclically Adjusted FCF Growth Rate was -0.10% 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 (2026-07-16), Marico Bangladesh's current stock price is BDT2734.20. Marico Bangladesh's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was BDT87.87. Marico Bangladesh's Cyclically Adjusted Price-to-FCF of today is 31.12.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Marico Bangladesh was 32.84. The lowest was 20.90. And the median was 27.72.


Marico Bangladesh  (DHA:MARICO) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2734.20/87.87
=31.12

* 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 Marico Bangladesh was 32.84. The lowest was 20.90. And the median was 27.72.


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.


Marico Bangladesh Cyclically Adjusted FCF per Share Related Terms


Marico Bangladesh Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Marico 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.

Marico Bangladesh Cyclically Adjusted FCF per Share Chart

Marico Bangladesh Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 95.70 87.94 87.87

Marico 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 87.94 91.17 88.77 87.62 87.87

DHA:MARICO vs PG, CL, KVUE: Cyclically Adjusted FCF per Share Comparison

For the Household & Personal Products subindustry, Marico 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.


Marico Bangladesh Cyclically Adjusted Price-to-FCF vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Marico Bangladesh's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


DHA:MARICO
96GF Score
Marico Bangladesh Ltd DHA:MARICO
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marico 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, Marico 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)
=-2.698/330.2130*330.2130
=-2.698

Current CPI (Mar. 2026) = 330.2130.

Marico Bangladesh Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 3.651 241.018 5.002
201609 17.116 241.428 23.410
201612 13.889 241.432 18.996
201703 19.585 243.801 26.527
201706 22.362 244.955 30.145
201709 22.378 246.819 29.939
201712 10.867 246.524 14.556
201803 -9.062 249.554 -11.991
201806 28.894 251.989 37.863
201809 16.707 252.439 21.854
201812 14.496 251.233 19.053
201903 21.898 254.202 28.446
201906 35.389 256.143 45.623
201909 33.194 256.759 42.690
201912 8.941 256.974 11.489
202003 7.959 258.115 10.182
202006 33.040 257.797 42.321
202009 47.999 260.280 60.896
202012 17.371 260.474 22.022
202103 -1.171 264.877 -1.460
202106 22.143 271.696 26.912
202109 35.962 274.310 43.291
202112 26.670 278.802 31.588
202203 19.682 287.504 22.606
202206 26.395 296.311 29.415
202209 98.961 296.808 110.099
202212 -14.944 296.797 -16.627
202303 44.354 301.836 48.524
202306 47.402 305.109 51.302
202309 -0.194 307.789 -0.208
202312 -2.089 306.746 -2.249
202403 -1.773 312.332 -1.875
202406 1.766 314.175 1.856
202409 -0.658 315.301 -0.689
202412 -1.717 315.605 -1.796
202503 -1.819 319.799 -1.878
202506 65.936 322.561 67.500
202509 -1.662 324.800 -1.690
202512 -2.187 324.054 -2.229
202603 -2.698 330.213 -2.698

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 BDT87.87 mean?
Marico Bangladesh (DHA:MARICO) has a Cyclically Adjusted FCF per Share of BDT87.87 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 Marico Bangladesh and its competitors.
Is Marico Bangladesh's Cyclically Adjusted FCF per Share too high?
Marico Bangladesh's current Cyclically Adjusted FCF per Share is BDT87.87. Overall, Marico Bangladesh has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Marico Bangladesh's Cyclically Adjusted FCF per Share compare to PG and CL?
Marico Bangladesh's Cyclically Adjusted FCF per Share of BDT87.87 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Cyclically Adjusted FCF per Share depends on the Consumer Packaged Goods 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 Marico Bangladesh and its competitors. Marico Bangladesh's current Cyclically Adjusted FCF per Share is BDT87.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marico Bangladesh stock overvalued right now?
Based on GuruFocus' analysis, Marico Bangladesh (DHA:MARICO) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT3,284.73, compared to a current price of BDT2,734.20 — trading 16.8% below its estimated fair value. The current Cyclically Adjusted FCF per Share is BDT87.87. Marico Bangladesh's overall GF Score™ is 96/100 with 7 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 Marico Bangladesh (DHA:MARICO), the current Cyclically Adjusted FCF per Share is BDT87.87 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 Marico Bangladesh (DHA:MARICO) Overvalued in 2026?

Based on GuruFocus' analysis, Marico Bangladesh stock appears to be undervalued. The current stock price of BDT2,734.20 is trading 16.8% below its estimated GF Value™ of BDT3,284.73. GuruFocus considers Marico Bangladesh to be Modestly Undervalued.

Key valuation signals for DHA:MARICO:

  • Cyclically Adjusted FCF per Share: BDT87.87
  • GF Value™: BDT3,284.73 vs. price of BDT2,734.20 (16.8% below fair value)
  • GF Score™: 96/100 with 7 warning signs

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


Marico Bangladesh Business Description

Address Gulshan Avenue, The Glass House, Level-06, Plot. 02, Block. SE (B), Dhaka, BGD, 1212
Marico Bangladesh Ltd is engaged in the manufacturing and marketing of various fast-moving consumer goods in Bangladesh. The company provides products like Hair dye, Baby care, Male grooming, Skincare, and Hair serum products, among others. Its product portfolio include brands like Parachute, Parachute Advansed, Just For Baby, Nihar, Parachute SkinPure, Parachute Naturale, Saffola Active, HairCode, and Livon. The company generates its revenue from products like Parachute coconut oil, value-added hair oil, color products, and others, with the majority of revenue coming from Parachute coconut oil.
96GF Score

Get the complete analysis for DHA:MARICO

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

BDT2,734.20
Price
BDT3,284.73
GF Value