GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vale SA (BUE:VALE) » Definitions » Cyclically Adjusted Revenue per Share

Vale (BUE:VALE) Cyclically Adjusted Revenue per Share : ARS4,291.77 (As of Mar. 2024)


View and export this data going back to . Start your Free Trial

What is Vale 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.

Vale's adjusted revenue per share for the three months ended in Mar. 2024 was ARS3,322.759. 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 ARS4,291.77 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Vale's average Cyclically Adjusted Revenue Growth Rate was 4.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 12.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 12.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 7.60% 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 Vale was 14.00% per year. The lowest was 1.00% per year. And the median was 11.25% per year.

As of today (2024-05-16), Vale's current stock price is ARS6861.50. Vale's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ARS4,291.77. Vale's Cyclically Adjusted PS Ratio of today is 1.60.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Vale was 3.99. The lowest was 0.41. And the median was 1.89.


Vale Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Vale'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.

Vale Cyclically Adjusted Revenue per Share Chart

Vale 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 229.47 386.00 600.10 1,196.15 3,913.31

Vale 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 1,503.23 2,040.03 3,152.23 3,913.31 4,291.77

Competitive Comparison of Vale's Cyclically Adjusted Revenue per Share

For the Other Industrial Metals & Mining subindustry, Vale'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.


Vale's Cyclically Adjusted PS Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Vale's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Vale 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, Vale'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)
=3322.759/159.3724*159.3724
=3,322.759

Current CPI (Mar. 2024) = 159.3724.

Vale Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 31.224 91.838 54.185
201409 29.609 92.602 50.959
201412 22.092 94.194 37.379
201503 21.359 97.799 34.806
201506 24.562 100.006 39.143
201509 23.737 101.392 37.311
201512 17.845 104.247 27.281
201603 30.237 106.979 45.046
201606 33.432 108.851 48.949
201609 38.691 109.986 56.064
201612 55.462 110.802 79.774
201703 50.516 111.869 71.967
201706 45.904 112.115 65.253
201709 61.025 112.777 86.238
201712 67.358 114.068 94.111
201803 66.703 114.868 92.546
201806 82.688 117.038 112.598
201809 135.582 117.881 183.303
201812 144.048 118.340 193.994
201903 123.731 120.124 164.158
201906 158.410 120.977 208.685
201909 220.570 121.292 289.819
201912 215.147 123.436 277.783
202003 168.686 124.092 216.646
202006 200.659 123.557 258.824
202009 311.495 125.095 396.848
202012 452.387 129.012 558.846
202103 440.452 131.660 533.159
202106 613.199 133.871 730.011
202109 474.160 137.913 547.940
202112 544.990 141.992 611.697
202203 482.512 146.537 524.775
202206 566.727 149.784 603.008
202209 605.921 147.800 653.365
202212 883.246 150.207 937.142
202303 747.659 153.352 777.009
202306 979.998 154.519 1,010.780
202309 1,721.716 155.464 1,765.006
202312 2,189.094 157.148 2,220.079
202403 3,322.759 159.372 3,322.759

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


Vale  (BUE:VALE) 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.

Vale's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=6861.50/4291.77
=1.60

* 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 Vale was 3.99. The lowest was 0.41. And the median was 1.89.


Be Aware

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


Vale Cyclically Adjusted Revenue per Share Related Terms

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


Vale (BUE:VALE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vale SA (BUE:VALE) » Definitions » Cyclically Adjusted Revenue per Share
Address
Praia de Botafogo, 186, Salas 501 a 1901, Botafogo, Rio de Janeiro, RJ, BRA, 22250-145
Vale is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. Vale has agreed to sell a minority 13% stake in its base metals business, which is expected to become effective early in 2024, and which is likely the first step in separating base metals and iron ore.