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Dangote Cement (NSA:DCP) Cyclically Adjusted Revenue per Share : ₦96.06 (As of Mar. 2025)


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What is Dangote Cement 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.

Dangote Cement's adjusted revenue per share for the three months ended in Mar. 2025 was ₦59.376. 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 ₦96.06 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Dangote Cement's average Cyclically Adjusted Revenue Growth Rate was 28.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 23.70% 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 Dangote Cement was 23.70% per year. The lowest was 23.70% per year. And the median was 23.70% per year.

As of today (2025-05-24), Dangote Cement's current stock price is ₦440.00. Dangote Cement's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was ₦96.06. Dangote Cement's Cyclically Adjusted PS Ratio of today is 4.58.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Dangote Cement was 10.99. The lowest was 4.31. And the median was 5.45.


Dangote Cement Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Dangote Cement'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.

Dangote Cement Cyclically Adjusted Revenue per Share Chart

Dangote Cement Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 47.44 57.33 69.45 89.84

Dangote Cement Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 74.79 80.04 84.32 89.84 96.06

Competitive Comparison of Dangote Cement's Cyclically Adjusted Revenue per Share

For the Building Materials subindustry, Dangote Cement'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.


Dangote Cement's Cyclically Adjusted PS Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Dangote Cement's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Dangote Cement 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, Dangote Cement's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=59.376/134.9266*134.9266
=59.376

Current CPI (Mar. 2025) = 134.9266.

Dangote Cement Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 7.481 100.684 10.025
201509 7.232 100.392 9.720
201512 7.410 99.792 10.019
201603 8.246 100.470 11.074
201606 8.900 101.688 11.809
201609 8.796 101.861 11.651
201612 10.153 101.863 13.449
201703 12.216 102.862 16.024
201706 12.001 103.349 15.668
201709 11.202 104.136 14.514
201712 11.854 104.011 15.377
201803 14.208 105.290 18.207
201806 14.103 106.317 17.898
201809 11.904 106.507 15.080
201812 12.671 105.998 16.129
201903 14.093 107.251 17.730
201906 13.354 108.070 16.673
201909 12.444 108.329 15.499
201912 12.434 108.420 15.474
202003 14.622 108.902 18.116
202006 13.360 108.767 16.573
202009 16.700 109.815 20.519
202012 16.009 109.897 19.655
202103 19.568 111.754 23.625
202106 21.053 114.631 24.780
202109 19.508 115.734 22.743
202112 21.262 117.630 24.389
202203 24.447 121.301 27.193
202206 23.382 125.017 25.235
202209 21.869 125.227 23.563
202212 26.144 125.222 28.170
202303 24.103 127.348 25.537
202306 32.245 128.729 33.797
202309 33.476 129.860 34.782
202312 41.405 129.419 43.167
202403 48.791 131.776 49.957
202406 56.274 132.554 57.281
202409 47.786 133.029 48.468
202412 60.887 133.157 61.696
202503 59.376 134.927 59.376

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


Dangote Cement  (NSA:DCP) 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.

Dangote Cement's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=440.00/96.06
=4.58

* 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 Dangote Cement was 10.99. The lowest was 4.31. And the median was 5.45.


Be Aware

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


Dangote Cement Cyclically Adjusted Revenue per Share Related Terms

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


Dangote Cement Business Description

Industry
Traded in Other Exchanges
N/A
Address
1, Alfred Rewane Road, P.O. Box 40032, Falomo, Ikoyi, Union Marble House, Lagos, NGA
Dangote Cement PLC is a Nigerian cement manufacturer. It manufactures and markets cement and related products through its 'Dangote' brand. The principal activity of the Company and its subsidiaries is to operate plants for the preparation, manufacture and distribution of cement and related products. The Company's production activities are undertaken at Obajana town in Kogi State, Gboko in Benue State and Ibese in Ogun State; all in Nigeria. Its geographical segment includes Nigeria and Pan Africa. The company derives a majority of revenue from Nigeria segment.

Dangote Cement Headlines