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IMC (FRA:IM4) Cyclically Adjusted Book per Share : €3.69 (As of Sep. 2024)


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What is IMC 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.

IMC's adjusted book value per share for the three months ended in Sep. 2024 was €4.521. 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 €3.69 for the trailing ten years ended in Sep. 2024.

During the past 12 months, IMC's average Cyclically Adjusted Book Growth Rate was 2.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -9.80% 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 IMC was -9.80% per year. The lowest was -9.80% per year. And the median was -9.80% per year.

As of today (2024-12-14), IMC's current stock price is €3.61. IMC's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was €3.69. IMC's Cyclically Adjusted PB Ratio of today is 0.98.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of IMC was 2.44. The lowest was 0.50. And the median was 1.00.


IMC Cyclically Adjusted Book per Share Historical Data

The historical data trend for IMC'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.

IMC Cyclically Adjusted Book per Share Chart

IMC 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 - 4.46 3.14 3.18 3.30

IMC Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 3.57 3.30 3.43 3.44 3.69

Competitive Comparison of IMC's Cyclically Adjusted Book per Share

For the Farm Products subindustry, IMC'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.


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

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

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



IMC 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, IMC's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=4.521/123.3000*123.3000
=4.521

Current CPI (Sep. 2024) = 123.3000.

IMC Quarterly Data

Book Value per Share CPI Adj_Book
201412 0.660 98.830 0.823
201503 -0.414 99.980 -0.511
201506 1.137 100.640 1.393
201509 0.902 100.380 1.108
201512 1.627 99.910 2.008
201603 1.389 100.030 1.712
201606 2.204 100.660 2.700
201609 2.011 100.750 2.461
201612 1.987 101.040 2.425
201703 1.814 101.780 2.198
201706 2.870 102.170 3.464
201709 2.509 102.520 3.018
201712 2.637 102.410 3.175
201803 2.527 102.900 3.028
201806 3.561 103.650 4.236
201809 3.126 104.580 3.686
201812 3.186 104.320 3.766
201903 3.031 105.140 3.555
201906 4.181 105.550 4.884
201909 3.909 105.900 4.551
201912 3.604 106.080 4.189
202003 2.682 106.040 3.119
202006 3.837 106.340 4.449
202009 3.457 106.620 3.998
202012 3.425 106.670 3.959
202103 3.584 108.140 4.086
202106 4.934 108.680 5.598
202109 5.303 109.470 5.973
202112 5.109 111.090 5.671
202203 4.614 114.780 4.956
202206 5.424 116.750 5.728
202209 4.643 117.000 4.893
202212 4.013 117.060 4.227
202303 3.866 118.910 4.009
202306 4.098 120.460 4.195
202309 3.937 121.740 3.987
202312 3.680 121.170 3.745
202403 3.489 122.590 3.509
202406 4.055 123.120 4.061
202409 4.521 123.300 4.521

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


IMC  (FRA:IM4) 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.

IMC's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.61/3.69
=0.98

* 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 IMC was 2.44. The lowest was 0.50. And the median was 1.00.


Be Aware

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


IMC Cyclically Adjusted Book per Share Related Terms

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


IMC Business Description

Industry
Traded in Other Exchanges
Address
16 rue Erasme, Grand Duchy Luxembourg, LUX, L-1468
IMC SA is an integrated agricultural company operating in Ukraine. The company's activities are the cultivation of grain and oilseeds crops, potato production; dairy farming; storage and processing of grain and oilseeds crops. The Group operates in three segments: crop farming, dairy farming, elevators and warehouses. Crop farming segment, deals with cultivation and sale of such basic agricultural crops as corn and wheat. Dairy farming segment deals with breeding and sale of biological assets and agricultural products of live farming. Basic agricultural product of live farming for sale in this segment is milk. Elevators and warehouses segment deals with storage and processing of agricultural produce.

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