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Safe Bulkers (STU:SBL) Cyclically Adjusted Revenue per Share : €2.06 (As of Mar. 2024)


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What is Safe Bulkers 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.

Safe Bulkers's adjusted revenue per share for the three months ended in Mar. 2024 was €0.001. 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 €2.06 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Safe Bulkers's average Cyclically Adjusted Revenue Growth Rate was -1.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 1.50% 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 Safe Bulkers was 4.30% per year. The lowest was -5.70% per year. And the median was -0.70% per year.

As of today (2024-05-24), Safe Bulkers's current stock price is €4.80. Safe Bulkers's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €2.06. Safe Bulkers's Cyclically Adjusted PS Ratio of today is 2.33.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Safe Bulkers was 2.42. The lowest was 0.40. And the median was 1.29.


Safe Bulkers Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Safe Bulkers'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.

Safe Bulkers Cyclically Adjusted Revenue per Share Chart

Safe Bulkers 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 2.63 1.59 1.83 2.09 2.06

Safe Bulkers 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 2.09 2.09 2.17 2.06 2.06

Competitive Comparison of Safe Bulkers's Cyclically Adjusted Revenue per Share

For the Marine Shipping subindustry, Safe Bulkers'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.


Safe Bulkers's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Safe Bulkers's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Safe Bulkers 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, Safe Bulkers'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)
=0.001/131.7762*131.7762
=0.001

Current CPI (Mar. 2024) = 131.7762.

Safe Bulkers Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.328 100.560 0.430
201409 0.340 100.428 0.446
201412 0.380 99.070 0.505
201503 0.355 99.621 0.470
201506 0.340 100.684 0.445
201509 0.357 100.392 0.469
201512 0.329 99.792 0.434
201603 0.266 100.470 0.349
201606 0.279 101.688 0.362
201609 0.289 101.861 0.374
201612 0.344 101.863 0.445
201703 0.314 102.862 0.402
201706 0.307 103.349 0.391
201709 0.308 104.136 0.390
201712 0.353 104.011 0.447
201803 0.347 105.290 0.434
201806 0.396 106.317 0.491
201809 0.423 106.507 0.523
201812 0.454 105.998 0.564
201903 0.421 107.251 0.517
201906 0.398 108.070 0.485
201909 0.455 108.329 0.553
201912 0.467 108.420 0.568
202003 0.400 108.902 0.484
202006 0.417 108.767 0.505
202009 0.432 109.815 0.518
202012 0.420 109.897 0.504
202103 0.508 111.754 0.599
202106 0.617 114.631 0.709
202109 0.656 115.734 0.747
202112 0.672 117.630 0.753
202203 0.580 121.301 0.630
202206 0.712 125.017 0.750
202209 0.786 125.227 0.827
202212 0.688 125.222 0.724
202303 0.527 127.348 0.545
202306 0.577 128.729 0.591
202309 0.543 129.860 0.551
202312 0.676 129.419 0.688
202403 0.001 131.776 0.001

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


Safe Bulkers  (STU:SBL) 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.

Safe Bulkers's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=4.80/2.06
=2.33

* 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 Safe Bulkers was 2.42. The lowest was 0.40. And the median was 1.29.


Be Aware

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


Safe Bulkers Cyclically Adjusted Revenue per Share Related Terms

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


Safe Bulkers (STU:SBL) Business Description

Industry
Traded in Other Exchanges
Address
6, Avenue des Citronniers, Apt. D11, Les Acanthes, Monaco City, MCO, MC98000
Safe Bulkers Inc is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along international shipping routes for consumers of marine drybulk transportation services. The company employs its vessels on both period time charters and spot time charters, according to the assessment of market conditions, with consumers of marine drybulk transportation services.

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