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China Eastern Airlines (China Eastern Airlines) Cyclically Adjusted Revenue per Share : $0.46 (As of Mar. 2024)


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What is China Eastern Airlines 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.

China Eastern Airlines's adjusted revenue per share for the three months ended in Mar. 2024 was $0.230. 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 $0.46 for the trailing ten years ended in Mar. 2024.

During the past 12 months, China Eastern Airlines's average Cyclically Adjusted Revenue Growth Rate was -4.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -6.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -4.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -2.30% 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 China Eastern Airlines was 6.80% per year. The lowest was -6.10% per year. And the median was -0.60% per year.

As of today (2024-06-06), China Eastern Airlines's current stock price is $0.271. China Eastern Airlines's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $0.46. China Eastern Airlines's Cyclically Adjusted PS Ratio of today is 0.59.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of China Eastern Airlines was 1.40. The lowest was 0.27. And the median was 0.68.


China Eastern Airlines Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for China Eastern Airlines'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.

China Eastern Airlines Cyclically Adjusted Revenue per Share Chart

China Eastern Airlines 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 0.72 0.67 0.54 - 0.46

China Eastern Airlines 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 0.51 0.84 0.54 0.46 0.46

Competitive Comparison of China Eastern Airlines's Cyclically Adjusted Revenue per Share

For the Airlines subindustry, China Eastern Airlines'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.


China Eastern Airlines's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, China Eastern Airlines's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



China Eastern Airlines 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, China Eastern Airlines'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)
=0.23/115.2271*115.2271
=0.230

Current CPI (Mar. 2024) = 115.2271.

China Eastern Airlines Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.271 98.200 0.318
201409 0.336 98.900 0.391
201412 0.268 99.000 0.312
201503 0.275 99.900 0.317
201506 0.284 99.500 0.329
201509 0.343 100.500 0.393
201512 0.275 100.600 0.315
201603 0.278 102.200 0.313
201606 0.269 101.400 0.306
201609 0.302 102.400 0.340
201612 0.245 102.600 0.275
201703 0.240 103.200 0.268
201706 0.244 103.100 0.273
201709 0.314 104.100 0.348
201712 0.252 104.500 0.278
201803 0.299 105.300 0.327
201806 0.298 104.900 0.327
201809 0.332 106.600 0.359
201812 0.289 106.500 0.313
201903 0.312 107.700 0.334
201906 0.268 107.700 0.287
201909 0.301 109.800 0.316
201912 0.250 111.200 0.259
202003 0.134 112.300 0.137
202006 0.083 110.400 0.087
202009 0.134 111.700 0.138
202012 0.149 111.500 0.154
202103 0.124 112.662 0.127
202106 0.207 111.769 0.213
202109 0.168 112.215 0.173
202112 0.127 113.108 0.129
202203 0.105 114.335 0.106
202206 0.053 114.558 0.053
202209 0.125 115.339 0.125
202212 0.080 115.116 0.080
202303 0.143 115.116 0.143
202306 0.172 114.558 0.173
202309 0.217 115.339 0.217
202312 0.184 114.781 0.185
202403 0.230 115.227 0.230

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


China Eastern Airlines  (OTCPK:CHEAF) 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.

China Eastern Airlines's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=0.271/0.46
=0.59

* 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 China Eastern Airlines was 1.40. The lowest was 0.27. And the median was 0.68.


Be Aware

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


China Eastern Airlines Cyclically Adjusted Revenue per Share Related Terms

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China Eastern Airlines (China Eastern Airlines) Business Description

Traded in Other Exchanges
Address
36 Hongxiang 3rd Road, 5th Floor, Block A2, CEA Building, Northern District, Minhang District, Shanghai, CHN, 201100
China Eastern Airlines is based in Shanghai and is one of the three largest state-owned airlines in China. The group operated a fleet of 778 aircraft as of 2022 and carried more than 130 million passengers in prepandemic 2019. It runs a hub-and-spoke model under which it gathers and distributes passengers from air hubs like Shanghai, Beijing, Xi'an, and Kunming. The group's route network extends to over 220 destinations and 40 countries and regions.