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Darling Ingredients (BSP:D2AR34) Cyclically Adjusted Book per Share : R$11.26 (As of Mar. 2024)


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What is Darling Ingredients Cyclically Adjusted Book 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 Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Darling Ingredients's adjusted book value per share for the three months ended in Mar. 2024 was R$17.894. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$11.26 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Darling Ingredients's average Cyclically Adjusted Book Growth Rate was 11.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 14.90% 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 Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Darling Ingredients was 36.20% per year. The lowest was -14.20% per year. And the median was 13.85% per year.

As of today (2024-05-31), Darling Ingredients's current stock price is R$26.95. Darling Ingredients's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$11.26. Darling Ingredients's Cyclically Adjusted PB Ratio of today is 2.39.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Darling Ingredients was 6.16. The lowest was 1.24. And the median was 2.43.


Darling Ingredients Cyclically Adjusted Book per Share Historical Data

The historical data trend for Darling Ingredients's Cyclically Adjusted Book 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.

Darling Ingredients Cyclically Adjusted Book per Share Chart

Darling Ingredients Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 14.92

Darling Ingredients Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book 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 - - 14.06 14.92 11.26

Competitive Comparison of Darling Ingredients's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, Darling Ingredients's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Darling Ingredients's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Darling Ingredients's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Darling Ingredients's Cyclically Adjusted PB Ratio falls into.



Darling Ingredients Cyclically Adjusted Book 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 Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

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

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

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

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=17.894/131.7762*131.7762
=17.894

Current CPI (Mar. 2024) = 131.7762.

Darling Ingredients Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.438 100.560 4.505
201409 3.498 100.428 4.590
201412 3.916 99.070 5.209
201503 4.403 99.621 5.824
201506 4.395 100.684 5.752
201509 5.374 100.392 7.054
201512 5.509 99.792 7.275
201603 5.414 100.470 7.101
201606 5.086 101.688 6.591
201609 4.901 101.861 6.340
201612 5.025 101.863 6.501
201703 4.747 102.862 6.081
201706 5.164 103.349 6.584
201709 5.048 104.136 6.388
201712 5.616 104.011 7.115
201803 5.888 105.290 7.369
201806 6.480 106.317 8.032
201809 7.032 106.507 8.700
201812 6.701 105.998 8.331
201903 6.675 107.251 8.201
201906 6.854 108.070 8.358
201909 7.243 108.329 8.811
201912 8.038 108.420 9.770
202003 9.598 108.902 11.614
202006 10.545 108.767 12.776
202009 11.553 109.815 13.863
202012 11.466 109.897 13.749
202103 12.808 111.754 15.103
202106 12.096 114.631 13.905
202109 13.075 115.734 14.887
202112 14.423 117.630 16.158
202203 13.193 121.301 14.332
202206 13.703 125.017 14.444
202209 14.642 125.227 15.408
202212 15.612 125.222 16.429
202303 16.454 127.348 17.026
202306 16.617 128.729 17.010
202309 16.952 129.860 17.202
202312 17.681 129.419 18.003
202403 17.894 131.776 17.894

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Darling Ingredients  (BSP:D2AR34) Cyclically Adjusted Book per Share Explanation

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

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB 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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Darling Ingredients's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=26.95/11.26
=2.39

* 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 PB Ratio of Darling Ingredients was 6.16. The lowest was 1.24. And the median was 2.43.


Be Aware

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


Darling Ingredients Cyclically Adjusted Book per Share Related Terms

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


Darling Ingredients (BSP:D2AR34) Business Description

Traded in Other Exchanges
Address
5601 N MacArthur Boulevard, Irving, TX, USA, 75038
Darling Ingredients Inc develops and manufactures sustainable ingredients for customers in the pharmaceutical, food, pet food, fuel, and fertilizer industries. It collects and transforms all aspects of animal by-product streams into ingredients, including gelatin, fats, proteins, pet food ingredients, fertilizers, and other specialty products. Also, the company recovers and converts used cooking oil and bakery remnants into feed and fuel ingredients. Darling has three primary business segments: feed ingredients (the majority of revenue), food ingredients, and fuel ingredients. It provides grease trap services for food businesses and sells various equipment for collecting and delivering cooking oil. The company derives the majority of its revenue from customers in North America.

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