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Founder Securities Co (SHSE:601901) Cyclically Adjusted Revenue per Share : ¥0.96 (As of Mar. 2024)


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What is Founder Securities Co 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.

Founder Securities Co's adjusted revenue per share for the three months ended in Mar. 2024 was ¥0.254. 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 ¥0.96 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Founder Securities Co's average Cyclically Adjusted Revenue Growth Rate was 2.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.80% 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 Founder Securities Co was 6.80% per year. The lowest was 5.60% per year. And the median was 6.20% per year.

As of today (2024-05-16), Founder Securities Co's current stock price is ¥8.63. Founder Securities Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥0.96. Founder Securities Co's Cyclically Adjusted PS Ratio of today is 8.99.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Founder Securities Co was 13.29. The lowest was 6.82. And the median was 8.87.


Founder Securities Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Founder Securities Co'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.

Founder Securities Co Cyclically Adjusted Revenue per Share Chart

Founder Securities Co 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 0.79 0.78 0.86 0.93 0.95

Founder Securities Co 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 0.94 0.95 0.96 0.95 0.96

Competitive Comparison of Founder Securities Co's Cyclically Adjusted Revenue per Share

For the Capital Markets subindustry, Founder Securities Co'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.


Founder Securities Co's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Founder Securities Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Founder Securities Co 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, Founder Securities Co'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)
=0.254/115.2271*115.2271
=0.254

Current CPI (Mar. 2024) = 115.2271.

Founder Securities Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.153 98.200 0.180
201409 0.186 98.900 0.217
201412 0.191 99.000 0.222
201503 0.228 99.900 0.263
201506 0.463 99.500 0.536
201509 0.284 100.500 0.326
201512 0.339 100.600 0.388
201603 0.227 102.200 0.256
201606 0.317 101.400 0.360
201609 0.205 102.400 0.231
201612 0.190 102.600 0.213
201703 0.164 103.200 0.183
201706 0.196 103.100 0.219
201709 0.206 104.100 0.228
201712 0.172 104.500 0.190
201803 0.164 105.300 0.179
201806 0.175 104.900 0.192
201809 0.164 106.600 0.177
201812 0.195 106.500 0.211
201903 0.220 107.700 0.235
201906 0.203 107.700 0.217
201909 0.177 109.800 0.186
201912 0.185 111.200 0.192
202003 0.255 112.300 0.262
202006 0.154 110.400 0.161
202009 0.275 111.700 0.284
202012 0.218 111.500 0.225
202103 0.248 112.662 0.254
202106 0.252 111.769 0.260
202109 0.268 112.215 0.275
202112 0.268 113.108 0.273
202203 0.212 114.335 0.214
202206 0.278 114.558 0.280
202209 0.247 115.339 0.247
202212 0.214 115.116 0.214
202303 0.227 115.116 0.227
202306 0.262 114.558 0.264
202309 0.224 115.339 0.224
202312 0.165 114.781 0.166
202403 0.254 115.227 0.254

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


Founder Securities Co  (SHSE:601901) 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.

Founder Securities Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=8.63/0.96
=8.99

* 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 Founder Securities Co was 13.29. The lowest was 6.82. And the median was 8.87.


Be Aware

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


Founder Securities Co Cyclically Adjusted Revenue per Share Related Terms

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


Founder Securities Co (SHSE:601901) Business Description

Traded in Other Exchanges
N/A
Address
2, Xiangjiang Middle Road, 3701-3717, Building 4, 5, Huayuanhua Center, No. 36, Section 2, Tianxin District, Hunan, Changsha, CHN, 410002
Founder Securities Co Ltd is a comprehensive securities company with a full broker license. Its business includes brokerage, investment banking, consulting, QFII business, securities underwriting and sponsorship and fund and asset management.

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