Hulamin (JSE:HLM) Cyclically Adjusted Price-to-FCF: (As of Jun. 24, 2026)


JSE:HLM Hulamin Ltd JSE:HLM
52 GF Score
Price R1.63
GF Value R2.92
Valuation Significantly Undervalued
! 6 Warning Signs
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What is Hulamin Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hulamin  (JSE:HLM) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Hulamin Cyclically Adjusted Price-to-FCF Related Terms


Hulamin Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Hulamin's Cyclically Adjusted Price-to-FCF 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.

Hulamin Cyclically Adjusted Price-to-FCF Chart

Hulamin Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.90 20.18 26.67 0.00 0.00

Hulamin Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Cyclically Adjusted Price-to-FCF 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 26.67 0.00 0.00 0.00 0.00

JSE:HLM vs ATI, CRS, MLI: Cyclically Adjusted Price-to-FCF Comparison

For the Metal Fabrication subindustry, Hulamin'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.


Hulamin Cyclically Adjusted Price-to-FCF vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hulamin's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


JSE:HLM
52GF Score
Hulamin Ltd JSE:HLM
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
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Hulamin Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Hulamin's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Hulamin's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec25 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=-0.928/162.8717*162.8717
=-0.928

Current CPI (Dec25) = 162.8717.

Hulamin Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201612 1.067 109.002 1.594
201712 0.894 113.907 1.278
201812 0.281 118.921 0.385
201912 0.700 123.717 0.922
202012 -1.623 127.467 -2.074
202112 0.257 135.029 0.310
202212 -0.521 145.156 -0.585
202312 0.157 152.718 0.167
202412 -1.769 157.212 -1.833
202512 -0.928 162.872 -0.928

Add all the adjusted free cash flow per share together and divide 10 will get our 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.

Is Hulamin (JSE:HLM) Overvalued in 2026?

Based on GuruFocus' analysis, Hulamin stock appears to be undervalued. The current stock price of R1.63 is trading 44.2% below its estimated GF Value™ of R2.92. GuruFocus considers Hulamin to be Significantly Undervalued.

Key valuation signals for JSE:HLM:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: R2.92 vs. price of R1.63 (44.2% below fair value)
  • GF Score™: 52/100 with 6 warning signs

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


Hulamin Business Description

Address Moses Mabhida Road, P.O. Box 74, Pietermaritzburg, NL, ZAF, 3200
Hulamin Ltd manufactures and markets rolled and extruded aluminum products. The group is organized into one operating segment, namely Hulamin Rolled Products. Its Hulamin Rolled Product segment comprises the Hulamin Rolled Products, Isizinda Aluminium, and Hulamin Containers businesses, manufactures and supplies fabricated and rolled semi-finished aluminium products as well as aluminium foil containers and related products. Geographically, the group derives maximum revenue from South Africa, followed by Europe, North America, South America, Asia, Australasia, the Middle East, and the Rest of America.
52GF Score

Get the complete analysis for JSE:HLM

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

R1.63
Price
R2.92
GF Value