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Sinon (TPE:1712) Cyclically Adjusted Book per Share : NT$20.00 (As of Mar. 2024)


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What is Sinon 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.

Sinon's adjusted book value per share for the three months ended in Mar. 2024 was NT$18.285. 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 NT$20.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sinon's average Cyclically Adjusted Book Growth Rate was 3.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.90% 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 Sinon was 5.90% per year. The lowest was 5.20% per year. And the median was 5.55% per year.

As of today (2024-06-14), Sinon's current stock price is NT$42.85. Sinon's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$20.00. Sinon's Cyclically Adjusted PB Ratio of today is 2.14.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sinon was 2.39. The lowest was 1.02. And the median was 1.62.


Sinon Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sinon'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.

Sinon Cyclically Adjusted Book per Share Chart

Sinon 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 16.34 16.57 17.80 19.00 19.70

Sinon 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 19.31 19.55 19.74 19.70 20.00

Competitive Comparison of Sinon's Cyclically Adjusted Book per Share

For the Agricultural Inputs subindustry, Sinon'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.


Sinon's Cyclically Adjusted PB Ratio Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Sinon's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sinon 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, Sinon'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)
=18.285/131.7762*131.7762
=18.285

Current CPI (Mar. 2024) = 131.7762.

Sinon Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.969 100.560 19.616
201409 15.345 100.428 20.135
201412 15.601 99.070 20.751
201503 15.477 99.621 20.473
201506 14.852 100.684 19.438
201509 15.043 100.392 19.746
201512 15.336 99.792 20.251
201603 15.748 100.470 20.655
201606 15.506 101.688 20.094
201609 15.589 101.861 20.167
201612 16.105 101.863 20.834
201703 16.762 102.862 21.474
201706 15.643 103.349 19.946
201709 15.960 104.136 20.196
201712 15.995 104.011 20.265
201803 16.370 105.290 20.488
201806 16.082 106.317 19.933
201809 16.238 106.507 20.091
201812 16.650 105.998 20.699
201903 17.104 107.251 21.015
201906 16.236 108.070 19.798
201909 16.353 108.329 19.892
201912 16.717 108.420 20.318
202003 15.559 108.902 18.827
202006 16.322 108.767 19.775
202009 16.916 109.815 20.299
202012 16.788 109.897 20.130
202103 16.060 111.754 18.937
202106 16.597 114.631 19.079
202109 17.194 115.734 19.577
202112 17.724 117.630 19.856
202203 17.273 121.301 18.765
202206 18.150 125.017 19.131
202209 19.470 125.227 20.488
202212 20.451 125.222 21.521
202303 18.423 127.348 19.064
202306 19.050 128.729 19.501
202309 19.707 129.860 19.998
202312 20.222 129.419 20.590
202403 18.285 131.776 18.285

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


Sinon  (TPE:1712) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=42.85/20
=2.14

* 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 Sinon was 2.39. The lowest was 1.02. And the median was 1.62.


Be Aware

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


Sinon Cyclically Adjusted Book per Share Related Terms

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


Sinon (TPE:1712) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No.101, Nanrong Road, Dadu District, Taichung, TWN, 43245
Sinon Corp is a Taiwan-based company engaged in the manufacture and sales of various chemicals and fertilizers. It generates revenue through two divisions namely Crop protection which includes manufacturing activity of chemicals and fertilizer and Supermarket which includes supermarket and general retail industry. The product line of the company includes pesticides, fertilizers, agricultural materials, precision chemicals and intermediates, plastic products, microbial fertilizers, environmental drugs, preservation films, and other household goods. Majority of the company's revenue comes from the sales of crop protection.

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