Hoang Anh Gia Lai JSC (STC:HAG) Cyclically Adjusted FCF per Share: ₫-3,447.91 (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.

STC:HAG Hoang Anh Gia Lai JSC STC:HAG
73 GF Score
Price ₫14,550.00
GF Value ₫14,574.71
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Hoang Anh Gia Lai JSC Cyclically Adjusted FCF per Share?

Hoang Anh Gia Lai JSC STC:HAG -0.34% 73 Cyclically Adjusted FCF per Share is ₫-3,447.91 as of Mar. 2026. GuruFocus rates STC:HAG with a GF Score™ of 73/100 and a GF Value™ of ₫14,574.71 (Fairly Valued). The stock has 2 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.

Hoang Anh Gia Lai JSC's adjusted free cash flow per share for the three months ended in Mar. 2026 was ₫-240.378. 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 ₫-3,447.91 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 16.00% 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 Hoang Anh Gia Lai JSC was 16.00% per year. The lowest was 10.10% per year. And the median was 13.05% per year.

As of today (2026-07-19), Hoang Anh Gia Lai JSC's current stock price is ₫14550.00. Hoang Anh Gia Lai JSC's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was ₫-3,447.91. Hoang Anh Gia Lai JSC's Cyclically Adjusted Price-to-FCF of today is .


Hoang Anh Gia Lai JSC  (STC:HAG) 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.


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.


Hoang Anh Gia Lai JSC Cyclically Adjusted FCF per Share Related Terms


Hoang Anh Gia Lai JSC Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Hoang Anh Gia Lai JSC'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.

Hoang Anh Gia Lai JSC Cyclically Adjusted FCF per Share Chart

Hoang Anh Gia Lai JSC 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 -5,884.83 -5,692.40 -4,794.30 -4,281.97 -3,374.15

Hoang Anh Gia Lai JSC 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 -4,134.43 -4,261.39 -3,931.74 -3,374.15 -3,447.91

Hoang Anh Gia Lai JSC Cyclically Adjusted FCF per Share Competitor Comparison

For the Real Estate - Diversified subindustry, Hoang Anh Gia Lai JSC'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.


Hoang Anh Gia Lai JSC Cyclically Adjusted Price-to-FCF vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Hoang Anh Gia Lai JSC's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Hoang Anh Gia Lai JSC's Cyclically Adjusted Price-to-FCF falls into.


STC:HAG
73GF Score
Hoang Anh Gia Lai JSC STC:HAG
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hoang Anh Gia Lai JSC 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, Hoang Anh Gia Lai JSC'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)
=-240.378/330.2130*330.2130
=-240.378

Current CPI (Mar. 2026) = 330.2130.

Hoang Anh Gia Lai JSC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -1,183.576 241.018 -1,621.589
201609 156.716 241.428 214.348
201612 -1,875.481 241.432 -2,565.145
201703 -703.660 243.801 -953.063
201706 -839.403 244.955 -1,131.562
201709 -81.904 246.819 -109.577
201712 1,079.041 246.524 1,445.350
201803 -487.408 249.554 -644.944
201806 -112.382 251.989 -147.268
201809 -3,392.441 252.439 -4,437.619
201812 -1,970.375 251.233 -2,589.801
201903 -312.369 254.202 -405.773
201906 -499.742 256.143 -644.255
201909 -3,677.577 256.759 -4,729.664
201912 -3,298.772 256.974 -4,238.940
202003 -210.072 258.115 -268.750
202006 -2,879.195 257.797 -3,687.970
202009 346.138 260.280 439.140
202012 -1,677.817 260.474 -2,127.034
202103 -336.321 264.877 -419.280
202106 -879.950 271.696 -1,069.471
202109 2,879.909 274.310 3,466.820
202112 -3,670.837 278.802 -4,347.738
202203 -319.306 287.504 -366.739
202206 34.607 296.311 38.567
202209 -653.545 296.808 -727.100
202212 406.357 296.797 452.108
202303 -17.422 301.836 -19.060
202306 -246.463 305.109 -266.742
202309 215.281 307.789 230.965
202312 -503.762 306.746 -542.301
202403 -271.413 312.332 -286.951
202406 -519.625 314.175 -546.151
202409 -112.971 315.301 -118.314
202412 -620.778 315.605 -649.511
202503 -286.138 319.799 -295.456
202506 -1,904.793 322.561 -1,949.980
202509 -116.969 324.800 -118.918
202512 1,472.627 324.054 1,500.616
202603 -240.378 330.213 -240.378

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 ₫-3,447.91 mean?
Hoang Anh Gia Lai JSC (STC:HAG) has a Cyclically Adjusted FCF per Share of ₫-3,447.91 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 Hoang Anh Gia Lai JSC and its competitors.
Is Hoang Anh Gia Lai JSC's Cyclically Adjusted FCF per Share too high?
Hoang Anh Gia Lai JSC's current Cyclically Adjusted FCF per Share is ₫-3,447.91. Overall, Hoang Anh Gia Lai JSC has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hoang Anh Gia Lai JSC's Cyclically Adjusted FCF per Share compare to competitors?
Hoang Anh Gia Lai JSC's Cyclically Adjusted FCF per Share of ₫-3,447.91 can be compared against companies in the Real Estate 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 Real Estate company?
A good Cyclically Adjusted FCF per Share depends on the Real Estate 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 Hoang Anh Gia Lai JSC and its competitors. Hoang Anh Gia Lai JSC's current Cyclically Adjusted FCF per Share is ₫-3,447.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoang Anh Gia Lai JSC stock overvalued right now?
Based on GuruFocus' analysis, Hoang Anh Gia Lai JSC (STC:HAG) is currently considered Fairly Valued. The stock's GF Value™ is ₫14,574.71, compared to a current price of ₫14,550.00 — trading 0.2% below its estimated fair value. The current Cyclically Adjusted FCF per Share is ₫-3,447.91. Hoang Anh Gia Lai JSC's overall GF Score™ is 73/100 with 2 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 Hoang Anh Gia Lai JSC (STC:HAG), the current Cyclically Adjusted FCF per Share is ₫-3,447.91 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 Hoang Anh Gia Lai JSC (STC:HAG) Overvalued in 2026?

Based on GuruFocus' analysis, Hoang Anh Gia Lai JSC stock appears to be undervalued. The current stock price of ₫14,550.00 is trading 0.2% below its estimated GF Value™ of ₫14,574.71. GuruFocus considers Hoang Anh Gia Lai JSC to be Fairly Valued.

Key valuation signals for STC:HAG:

  • Cyclically Adjusted FCF per Share: ₫-3,447.91
  • GF Value™: ₫14,574.71 vs. price of ₫14,550.00 (0.2% below fair value)
  • GF Score™: 73/100 with 2 warning signs

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


Hoang Anh Gia Lai JSC Business Description

Address 15 Truong Chinh Street, Phu Dong Ward, Gia Lai Province, Pleiku, VNM
Hoang Anh Gia Lai JSC is a Vietnam-based company engaged in the development, sale, and lease of residential and commercial properties. It develops, rents, and trades in real estate, including the construction of headquarters, office buildings, amongst others. The group is organised into seven business segments namely, Real Estate, Production, Trading and Services, Construction, Power, Mining, and Agriculture. It also has presence in sport and entertainment industries. Other activities include forestation, rubber cultivation and latex processing, electricity generation and distribution, as well as the provision of hotel and resort services.
73GF Score

Get the complete analysis for STC:HAG

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

₫14,550.00
Price
₫14,574.71
GF Value