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Suedzucker AG (HAM:SZU) Cyclically Adjusted Book per Share : €19.63 (As of Nov. 2023)


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What is Suedzucker AG 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.

Suedzucker AG's adjusted book value per share for the three months ended in Nov. 2023 was €17.463. 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 €19.63 for the trailing ten years ended in Nov. 2023.

During the past 12 months, Suedzucker AG's average Cyclically Adjusted Book Growth Rate was -0.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.10% 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 Suedzucker AG was 1.10% per year. The lowest was -0.30% per year. And the median was 0.40% per year.

As of today (2024-05-15), Suedzucker AG's current stock price is €13.37. Suedzucker AG's Cyclically Adjusted Book per Share for the quarter that ended in Nov. 2023 was €19.63. Suedzucker AG's Cyclically Adjusted PB Ratio of today is 0.68.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Suedzucker AG was 0.94. The lowest was 0.56. And the median was 0.71.


Suedzucker AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Suedzucker AG'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.

Suedzucker AG Cyclically Adjusted Book per Share Chart

Suedzucker AG Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.42 19.21 18.99 19.24 19.87

Suedzucker AG Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 19.51 19.87 20.01 19.85 19.63

Competitive Comparison of Suedzucker AG's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, Suedzucker AG'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.


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

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

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



Suedzucker AG 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, Suedzucker AG's adjusted Book Value per Share data for the three months ended in Nov. 2023 was:

Adj_Book= Book Value per Share /CPI of Nov. 2023 (Change)*Current CPI (Nov. 2023)
=17.463/123.6675*123.6675
=17.463

Current CPI (Nov. 2023) = 123.6675.

Suedzucker AG Quarterly Data

Book Value per Share CPI Adj_Book
201402 19.354 99.263 24.112
201405 19.644 99.263 24.474
201408 19.006 99.823 23.546
201411 19.071 99.543 23.693
201502 18.653 99.217 23.250
201505 18.831 100.417 23.191
201508 18.596 100.617 22.856
201511 18.911 99.717 23.453
201602 18.667 99.317 23.244
201605 18.893 100.617 23.221
201608 18.482 101.017 22.626
201611 19.195 100.517 23.616
201702 19.590 101.217 23.935
201705 20.130 101.817 24.450
201708 19.776 102.617 23.833
201711 19.863 102.117 24.055
201802 20.126 102.317 24.326
201805 20.206 103.917 24.046
201808 19.762 104.517 23.383
201811 19.687 104.217 23.361
201902 15.329 103.817 18.260
201905 14.995 105.418 17.591
201908 14.283 106.018 16.661
201911 14.119 105.318 16.579
202002 13.620 105.618 15.948
202005 14.167 106.018 16.526
202008 13.437 106.018 15.674
202011 12.703 105.018 14.959
202102 12.996 107.018 15.018
202105 13.247 108.170 15.145
202108 13.081 109.118 14.825
202111 13.367 110.173 15.004
202202 13.622 111.754 15.074
202205 3.203 115.760 3.422
202208 16.017 116.709 16.972
202211 16.046 119.872 16.554
202302 15.802 121.454 16.090
202305 16.442 122.824 16.555
202308 16.723 123.878 16.695
202311 17.463 123.668 17.463

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


Suedzucker AG  (HAM:SZU) 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.

Suedzucker AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=13.37/19.63
=0.68

* 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 Suedzucker AG was 0.94. The lowest was 0.56. And the median was 0.71.


Be Aware

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


Suedzucker AG Cyclically Adjusted Book per Share Related Terms

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


Suedzucker AG (HAM:SZU) Business Description

Traded in Other Exchanges
Address
Maximilianstrasse 10, Mannheim, DEU, 68165
Suedzucker AG has five major segments: Sugar, Special products, Crop energies, starch and Fruit. The Sugar segment produces Sugar, sugar specialty products, animal feed, and fertilizer. Special products produce frozen pizzas, baguettes, snacks, pasta, food ingredients, animal feed, starch, and pharmaceuticals. Crop energies produce bioethanol, protein-based food, and liquid carbon dioxide. The fruit segment makes juice concentrates, pure juice, wines, and beverage bases. Suedzucker sells its products to retailers and companies in the food, beverage, agriculture, paper, textile, chemicals, pharmaceuticals, cosmetics, animal feed, and petroleum industries. Germany is Suedzucker's biggest market, and the firm generates most of its revenue in European Union countries.

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