Tehnika DD (ZAG:THNK) Cyclically Adjusted FCF per Share: € (As of Jun. 2026)

Author: 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
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.

ZAG:THNK Tehnika DD ZAG:THNK
57 GF Score
Price €18.50
GF Value €28.94
Valuation Possible Value Trap
! 5 Warning Signs
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What is Tehnika DD Cyclically Adjusted FCF per Share?

Tehnika DD ZAG:THNK 57 Cyclically Adjusted FCF per Share is € as of Jun. 2026. GuruFocus rates ZAG:THNK with a GF Score™ of 57/100 and a GF Value™ of €28.94 (Possible Value Trap). The stock has 5 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.

Tehnika DD's adjusted free cash flow per share for the three months ended in Jun. 2026 was €-4.185. 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 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 19.30% 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 Tehnika DD was 20.30% per year. The lowest was 19.30% per year. And the median was 19.80% per year.

As of today (2026-09-22), Tehnika DD's current stock price is €18.50. Tehnika DD's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was . Tehnika DD's Cyclically Adjusted Price-to-FCF of today is .


Tehnika DD  (ZAG:THNK) 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.


Tehnika DD Cyclically Adjusted FCF per Share Related Terms


Tehnika DD Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Tehnika DD'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.

Tehnika DD Cyclically Adjusted FCF per Share Chart

Tehnika DD Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
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Tehnika DD Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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ZAG:THNK vs PWR, FIX, EME: Cyclically Adjusted FCF per Share Comparison

For the Engineering & Construction subindustry, Tehnika DD'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.


Tehnika DD Cyclically Adjusted Price-to-FCF vs Construction Industry

For the Construction industry and Industrials sector, Tehnika DD's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


ZAG:THNK
57GF Score
Tehnika DD ZAG:THNK
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tehnika DD 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, Tehnika DD'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)
=-4.185/333.9520*333.9520
=-4.185

Current CPI (Jun. 2026) = 333.9520.

Tehnika DD Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -15.309 241.428 -21.176
201612 -47.100 241.432 -65.149
201703 7.190 243.801 9.849
201706 1.908 244.955 2.601
201709 -2.404 246.819 -3.253
201712 -7.605 246.524 -10.302
201803 -0.036 249.554 -0.048
201806 -1.977 251.989 -2.620
201809 -17.443 252.439 -23.075
201812 -39.097 251.233 -51.970
201903 0.870 254.202 1.143
201906 -19.273 256.143 -25.128
201909 12.430 256.759 16.167
201912 45.108 256.974 58.620
202003 7.928 258.115 10.257
202006 1.563 257.797 2.025
202009 -1.197 260.280 -1.536
202012 0.513 260.474 0.658
202103 -3.544 264.877 -4.468
202106 39.345 271.696 48.360
202109 -12.034 274.310 -14.650
202112 -14.727 278.802 -17.640
202203 -11.853 287.504 -13.768
202206 -2.147 296.311 -2.420
202209 -3.256 296.808 -3.663
202212 1.299 296.797 1.462
202303 -12.859 301.836 -14.227
202306 16.833 305.109 18.424
202309 -12.424 307.789 -13.480
202312 29.316 306.746 31.916
202403 -3.535 312.332 -3.780
202406 -1.736 314.175 -1.845
202409 20.135 315.301 21.326
202412 -9.782 315.605 -10.351
202503 -6.645 319.799 -6.939
202506 -6.431 322.561 -6.658
202509 1.406 324.800 1.446
202512 0.884 324.054 0.911
202603 1.266 330.213 1.280
202606 -4.185 333.952 -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 € mean?
Tehnika DD (ZAG:THNK) has a Cyclically Adjusted FCF per Share of € 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 Tehnika DD and its competitors.
Is Tehnika DD's Cyclically Adjusted FCF per Share too high?
Tehnika DD's current Cyclically Adjusted FCF per Share is €. Overall, Tehnika DD has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tehnika DD's Cyclically Adjusted FCF per Share compare to PWR and FIX?
Tehnika DD's Cyclically Adjusted FCF per Share of € can be compared against companies in the Construction 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 Construction company?
A good Cyclically Adjusted FCF per Share depends on the Construction 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 Tehnika DD and its competitors. Tehnika DD's current Cyclically Adjusted FCF per Share is €. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tehnika DD stock overvalued right now?
Based on GuruFocus' analysis, Tehnika DD (ZAG:THNK) is currently considered Possible Value Trap. The stock's GF Value™ is €28.94, compared to a current price of €18.50 — trading 36.1% below its estimated fair value. The current Cyclically Adjusted FCF per Share is €. Tehnika DD's overall GF Score™ is 57/100 with 5 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 Tehnika DD (ZAG:THNK), the current Cyclically Adjusted FCF per Share is € 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 Tehnika DD (ZAG:THNK) Overvalued in 2026?

Based on GuruFocus' analysis, Tehnika DD stock appears to be undervalued. The current stock price of €18.50 is trading 36.1% below its estimated GF Value™ of €28.94. GuruFocus considers Tehnika DD to be Possible Value Trap.

Key valuation signals for ZAG:THNK:

  • Cyclically Adjusted FCF per Share:
  • GF Value™: €28.94 vs. price of €18.50 (36.1% below fair value)
  • GF Score™: 57/100 with 5 warning signs

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


Tehnika DD Business Description

Address Ulica grada Vukovara 274, Zagreb, HRV, 10000
Tehnika DD operates in the engineering and construction industry in Croatia. The company is engaged in constructing high-rise buildings for business and public, residential architecture, educational facilities, catering facilities, hotels, and industrial facilities.
57GF Score

Get the complete analysis for ZAG:THNK

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

€18.50
Price
€28.94
GF Value