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The AES (BSP:A1ES34) Cyclically Adjusted Revenue per Share : R$99.69 (As of Mar. 2024)


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What is The AES Cyclically Adjusted Revenue per Share?

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 Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

The AES's adjusted revenue per share for the three months ended in Mar. 2024 was R$21.577. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is R$99.69 for the trailing ten years ended in Mar. 2024.

During the past 12 months, The AES's average Cyclically Adjusted Revenue Growth Rate was -1.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 0.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -0.50% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -1.00% 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 Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of The AES was 29.40% per year. The lowest was -3.00% per year. And the median was 4.20% per year.

As of today (2024-05-24), The AES's current stock price is R$108.20. The AES's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$99.69. The AES's Cyclically Adjusted PS Ratio of today is 1.09.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of The AES was 1.46. The lowest was 0.39. And the median was 0.69.


The AES Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for The AES's Cyclically Adjusted Revenue 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.

* Premium members only.

The AES Cyclically Adjusted Revenue per Share Chart

The AES Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 101.91 110.60 107.09 98.04

The AES Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue 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 98.72 97.04 100.07 98.04 99.69

Competitive Comparison of The AES's Cyclically Adjusted Revenue per Share

For the Utilities - Diversified subindustry, The AES's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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.


The AES's Cyclically Adjusted PS Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, The AES's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where The AES's Cyclically Adjusted PS Ratio falls into.



The AES Cyclically Adjusted Revenue 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 Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue 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 Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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, The AES's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=21.577/131.7762*131.7762
=21.577

Current CPI (Mar. 2024) = 131.7762.

The AES Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 13.241 100.560 17.351
201409 14.031 100.428 18.411
201412 11.491 99.070 15.285
201503 17.727 99.621 23.449
201506 16.369 100.684 21.424
201509 20.157 100.392 26.459
201512 1.866 99.792 2.464
201603 18.245 100.470 23.930
201606 16.774 101.688 21.737
201609 17.406 101.861 22.518
201612 1.215 101.863 1.572
201703 12.249 102.862 15.692
201706 13.007 103.349 16.585
201709 12.724 104.136 16.101
201712 13.195 104.011 16.717
201803 13.551 105.290 16.960
201806 14.408 106.317 17.858
201809 17.528 106.507 21.687
201812 15.243 105.998 18.950
201903 15.259 107.251 18.748
201906 11.263 108.070 13.734
201909 16.212 108.329 19.721
201912 14.960 108.420 18.183
202003 17.102 108.902 20.694
202006 16.630 108.767 20.148
202009 20.635 109.815 24.762
202012 19.454 109.897 23.327
202103 22.295 111.754 26.289
202106 20.234 114.631 23.260
202109 22.542 115.734 25.667
202112 23.520 117.630 26.349
202203 19.962 121.301 21.686
202206 23.259 125.017 24.517
202209 26.749 125.227 28.148
202212 24.647 125.222 25.937
202303 23.695 127.348 24.519
202306 21.961 128.729 22.481
202309 23.820 129.860 24.172
202312 20.425 129.419 20.797
202403 21.577 131.776 21.577

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


The AES  (BSP:A1ES34) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS 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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

The AES's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=108.20/99.69
=1.09

* 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 PS Ratio of The AES was 1.46. The lowest was 0.39. And the median was 0.69.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


The AES Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of The AES's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


The AES (BSP:A1ES34) Business Description

Industry
Traded in Other Exchanges
Address
4300 Wilson Boulevard, 11th Floor, Arlington, VA, USA, 22203
AES is a global power company. Its current generation portfolio as of year-end 2022 consists of over 32 gigawatts of generation including renewable energy (46%), gas (32%), coal (20%), and oil (2%). AES has majority ownership and operates six electric utilities distributing power to 2.6 million customers.

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