H+H International AS (LTS:0M6J) Cyclically Adjusted FCF per Share: kr2.49 (As of Jun. 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.

LTS:0M6J H+H International AS LTS:0M6J
54 GF Score
Price kr101.80
GF Value kr91.47
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is H+H International AS Cyclically Adjusted FCF per Share?

H+H International AS LTS:0M6J 54 Cyclically Adjusted FCF per Share is kr2.49 as of Jun. 2026. GuruFocus rates LTS:0M6J with a GF Score™ of 54/100 and a GF Value™ of kr91.47 (Modestly Overvalued). The stock has 8 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.

H+H International AS's adjusted free cash flow per share for the three months ended in Jun. 2026 was kr4.185. 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 kr2.49 for the trailing ten years ended in Jun. 2026.

During the past 12 months, H+H International AS's average Cyclically Adjusted FCF Growth Rate was -37.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -28.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -15.70% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of H+H International AS was 18.30% per year. The lowest was -28.10% per year. And the median was 1.50% per year.

As of today (2026-09-13), H+H International AS's current stock price is kr101.80. H+H International AS's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was kr2.49. H+H International AS's Cyclically Adjusted Price-to-FCF of today is 40.88.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of H+H International AS was 42.17. The lowest was 11.10. And the median was 20.51.


H+H International AS  (LTS:0M6J) 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.

H+H International AS's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=101.80/2.49
=40.88

* 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 H+H International AS was 42.17. The lowest was 11.10. And the median was 20.51.


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.


H+H International AS Cyclically Adjusted FCF per Share Related Terms


H+H International AS Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for H+H International AS'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.

H+H International AS Cyclically Adjusted FCF per Share Chart

H+H International AS 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 7.92 8.53 5.12 4.42 3.20

H+H International AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 3.97 3.52 3.20 2.82 2.49

LTS:0M6J vs CRH, MLM, VMC: Cyclically Adjusted FCF per Share Comparison

For the Building Materials subindustry, H+H International AS'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.


H+H International AS Cyclically Adjusted Price-to-FCF vs Building Materials Industry

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

* The bar in red indicates where H+H International AS's Cyclically Adjusted Price-to-FCF falls into.


LTS:0M6J
54GF Score
H+H International AS LTS:0M6J
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

H+H International AS 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, H+H International AS's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=4.185/122.9700*122.9700
=4.185

Current CPI (Jun. 2026) = 122.9700.

H+H International AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 3.812 100.200 4.678
201612 -1.987 100.300 -2.436
201703 -7.343 101.200 -8.923
201706 3.324 101.200 4.039
201709 4.145 101.800 5.007
201712 -1.641 101.300 -1.992
201803 -14.500 101.700 -17.533
201806 6.972 102.300 8.381
201809 7.285 102.400 8.748
201812 4.308 102.100 5.189
201903 -1.297 102.900 -1.550
201906 8.018 102.900 9.582
201909 7.571 102.900 9.048
201912 -0.785 102.900 -0.938
202003 -0.222 103.300 -0.264
202006 6.130 103.200 7.304
202009 7.480 103.500 8.887
202012 2.900 103.400 3.449
202103 -1.763 104.300 -2.079
202106 9.617 105.000 11.263
202109 7.299 105.800 8.484
202112 -0.836 106.600 -0.964
202203 -3.613 109.900 -4.043
202206 9.465 113.600 10.246
202209 2.077 116.400 2.194
202212 -5.106 115.900 -5.417
202303 -18.540 117.300 -19.436
202306 -9.245 116.400 -9.767
202309 3.240 117.400 3.394
202312 -3.137 116.700 -3.306
202403 -5.573 118.400 -5.788
202406 1.336 118.500 1.386
202409 7.176 118.900 7.422
202412 -1.958 118.900 -2.025
202503 -4.142 120.200 -4.237
202506 -3.154 120.700 -3.213
202509 4.433 121.600 4.483
202512 -0.604 121.200 -0.613
202603 -7.864 121.680 -7.947
202606 4.185 122.970 4.185

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 kr2.49 mean?
H+H International AS (LTS:0M6J) has a Cyclically Adjusted FCF per Share of kr2.49 as of Jun. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on H+H International AS and its competitors.
Is H+H International AS's Cyclically Adjusted FCF per Share too high?
H+H International AS's current Cyclically Adjusted FCF per Share is kr2.49. Overall, H+H International AS has a GF Score™ of 54/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does H+H International AS's Cyclically Adjusted FCF per Share compare to CRH and MLM?
H+H International AS's Cyclically Adjusted FCF per Share of kr2.49 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 H+H International AS and its competitors. H+H International AS's current Cyclically Adjusted FCF per Share is kr2.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H+H International AS stock overvalued right now?
Based on GuruFocus' analysis, H+H International AS (LTS:0M6J) is currently considered Modestly Overvalued. The stock's GF Value™ is kr91.47, compared to a current price of kr101.80 — trading 11.3% above its estimated fair value. The current Cyclically Adjusted FCF per Share is kr2.49. H+H International AS's overall GF Score™ is 54/100 with 8 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 H+H International AS (LTS:0M6J), the current Cyclically Adjusted FCF per Share is kr2.49 as of Jun. 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 H+H International AS (LTS:0M6J) Overvalued in 2026?

Based on GuruFocus' analysis, H+H International AS stock appears to be overvalued. The current stock price of kr101.80 is trading 11.3% above its estimated GF Value™ of kr91.47. GuruFocus considers H+H International AS to be Modestly Overvalued.

Key valuation signals for LTS:0M6J:

  • Cyclically Adjusted FCF per Share: kr2.49
  • GF Value™: kr91.47 vs. price of kr101.80 (11.3% above fair value)
  • GF Score™: 54/100 with 8 warning signs

No single metric tells the full story. See the LTS:0M6J stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


H+H International AS Business Description

Other Exchanges HH:DenmarkJ0H:Germany
Address Lautrupsgade 7, 5th Floor, Copenhagen, DNK, 2100
H+H International AS is a wall-building materials provider. The company's core activity is the production and sale of autoclaved aerated concrete (AAC or aircrete) and calcium silicate units (CSU or sand-lime bricks). The main product lines are aircrete blocks and calcium silicate units used for the residential new building segment. The company has products such as H+H Foundations Blocks, H+H wall elements can also be used for solid external walls, sound-insulation requirements, construction of walls for private low-rise houses, Self-build, Commercial and industry and many more.
54GF Score

Get the complete analysis for LTS:0M6J

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

kr101.80
Price
kr91.47
GF Value