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Chunghwa Telecom Co (BSP:C1HT34) Cyclically Adjusted Revenue per Share : R$11.55 (As of Mar. 2024)


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What is Chunghwa Telecom Co 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.

Chunghwa Telecom Co's adjusted revenue per share for the three months ended in Mar. 2024 was R$1.106. 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$11.55 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Chunghwa Telecom Co's average Cyclically Adjusted Revenue Growth Rate was 0.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 2.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 3.30% 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 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 Chunghwa Telecom Co was 5.00% per year. The lowest was 1.80% per year. And the median was 3.50% per year.

As of today (2024-05-30), Chunghwa Telecom Co's current stock price is R$43.16. Chunghwa Telecom Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$11.55. Chunghwa Telecom Co's Cyclically Adjusted PS Ratio of today is 3.74.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Chunghwa Telecom Co was 4.46. The lowest was 3.21. And the median was 3.66.


Chunghwa Telecom Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Chunghwa Telecom Co'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.

Chunghwa Telecom Co Cyclically Adjusted Revenue per Share Chart

Chunghwa Telecom Co 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 - 14.28 15.57 14.23 12.09

Chunghwa Telecom Co 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 13.58 13.46 12.63 12.09 11.55

Competitive Comparison of Chunghwa Telecom Co's Cyclically Adjusted Revenue per Share

For the Telecom Services subindustry, Chunghwa Telecom Co'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.


Chunghwa Telecom Co's Cyclically Adjusted PS Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Chunghwa Telecom Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Chunghwa Telecom Co 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, Chunghwa Telecom Co'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)
=1.106/131.7762*131.7762
=1.106

Current CPI (Mar. 2024) = 131.7762.

Chunghwa Telecom Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.535 100.560 0.701
201409 0.561 100.428 0.736
201412 0.646 99.070 0.859
201503 0.726 99.621 0.960
201506 0.737 100.684 0.965
201509 0.865 100.392 1.135
201512 0.947 99.792 1.251
201603 0.831 100.470 1.090
201606 0.768 101.688 0.995
201609 0.780 101.861 1.009
201612 0.787 101.863 1.018
201703 0.716 102.862 0.917
201706 0.781 103.349 0.996
201709 0.756 104.136 0.957
201712 0.862 104.011 1.092
201803 0.776 105.290 0.971
201806 0.867 106.317 1.075
201809 0.908 106.507 1.123
201812 0.902 105.998 1.121
201903 0.822 107.251 1.010
201906 0.796 108.070 0.971
201909 0.869 108.329 1.057
201912 0.961 108.420 1.168
202003 1.006 108.902 1.217
202006 1.078 108.767 1.306
202009 1.244 109.815 1.493
202012 1.392 109.897 1.669
202103 1.286 111.754 1.516
202106 1.156 114.631 1.329
202109 1.248 115.734 1.421
202112 1.546 117.630 1.732
202203 1.153 121.301 1.253
202206 1.149 125.017 1.211
202209 1.146 125.227 1.206
202212 1.305 125.222 1.373
202303 1.174 127.348 1.215
202306 1.080 128.729 1.106
202309 1.062 129.860 1.078
202312 1.239 129.419 1.262
202403 1.106 131.776 1.106

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


Chunghwa Telecom Co  (BSP:C1HT34) 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.

Chunghwa Telecom Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=43.16/11.55
=3.74

* 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 Chunghwa Telecom Co was 4.46. The lowest was 3.21. And the median was 3.66.


Be Aware

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


Chunghwa Telecom Co Cyclically Adjusted Revenue per Share Related Terms

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Chunghwa Telecom Co (BSP:C1HT34) Business Description

Traded in Other Exchanges
Address
Number 21-3 Hsinyi Road, Section 1, Taipei, TWN, 100
Chunghwa Telecom Co Ltd is Taiwan's largest integrated telecom operator, providing fixed-line, wireless, and Internet and data services. The company enjoys a dominant position in all three segments. It has a market share of 35% in mobile, 85% in broadband, and greater than 95% in the fixed-line segment as measured by the number of local fixed-line subscribers. Chunghwa Telecom was privatized in 2005, with the government retaining 36.3% of the firm's ordinary shares.

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