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Apple Flavor & Fragrance Group Co (SHSE:603020) Cyclically Adjusted Revenue per Share : ¥8.27 (As of Mar. 2024)


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What is Apple Flavor & Fragrance Group 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.

Apple Flavor & Fragrance Group Co's adjusted revenue per share for the three months ended in Mar. 2024 was ¥1.989. 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 ¥8.27 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Apple Flavor & Fragrance Group Co's average Cyclically Adjusted Revenue Growth Rate was -1.10% 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.

As of today (2024-06-10), Apple Flavor & Fragrance Group Co's current stock price is ¥6.86. Apple Flavor & Fragrance Group Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥8.27. Apple Flavor & Fragrance Group Co's Cyclically Adjusted PS Ratio of today is 0.83.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Apple Flavor & Fragrance Group Co was 1.16. The lowest was 0.78. And the median was 1.08.


Apple Flavor & Fragrance Group Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Apple Flavor & Fragrance Group 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.

Apple Flavor & Fragrance Group Co Cyclically Adjusted Revenue per Share Chart

Apple Flavor & Fragrance Group 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 - - - - 8.26

Apple Flavor & Fragrance Group 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 8.36 8.31 8.33 8.26 8.27

Competitive Comparison of Apple Flavor & Fragrance Group Co's Cyclically Adjusted Revenue per Share

For the Specialty Chemicals subindustry, Apple Flavor & Fragrance Group 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.


Apple Flavor & Fragrance Group Co's Cyclically Adjusted PS Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Apple Flavor & Fragrance Group Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Apple Flavor & Fragrance Group Co's Cyclically Adjusted PS Ratio falls into.



Apple Flavor & Fragrance Group 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, Apple Flavor & Fragrance Group 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)
=1.989/115.2271*115.2271
=1.989

Current CPI (Mar. 2024) = 115.2271.

Apple Flavor & Fragrance Group Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.761 98.200 2.066
201409 1.637 98.900 1.907
201412 1.624 99.000 1.890
201503 2.004 99.900 2.311
201506 1.505 99.500 1.743
201509 1.390 100.500 1.594
201512 1.325 100.600 1.518
201603 1.814 102.200 2.045
201606 1.792 101.400 2.036
201609 1.845 102.400 2.076
201612 1.676 102.600 1.882
201703 1.831 103.200 2.044
201706 1.900 103.100 2.123
201709 1.782 104.100 1.972
201712 1.753 104.500 1.933
201803 1.960 105.300 2.145
201806 1.903 104.900 2.090
201809 1.980 106.600 2.140
201812 1.969 106.500 2.130
201903 1.924 107.700 2.058
201906 1.897 107.700 2.030
201909 2.019 109.800 2.119
201912 1.895 111.200 1.964
202003 1.816 112.300 1.863
202006 2.202 110.400 2.298
202009 2.100 111.700 2.166
202012 2.222 111.500 2.296
202103 2.563 112.662 2.621
202106 2.725 111.769 2.809
202109 2.566 112.215 2.635
202112 2.296 113.108 2.339
202203 2.053 114.335 2.069
202206 2.098 114.558 2.110
202209 1.974 115.339 1.972
202212 2.298 115.116 2.300
202303 1.894 115.116 1.896
202306 2.008 114.558 2.020
202309 1.685 115.339 1.683
202312 1.823 114.781 1.830
202403 1.989 115.227 1.989

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


Apple Flavor & Fragrance Group Co  (SHSE:603020) 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.

Apple Flavor & Fragrance Group Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=6.86/8.27
=0.83

* 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 Apple Flavor & Fragrance Group Co was 1.16. The lowest was 0.78. And the median was 1.08.


Be Aware

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


Apple Flavor & Fragrance Group Co Cyclically Adjusted Revenue per Share Related Terms

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


Apple Flavor & Fragrance Group Co (SHSE:603020) Business Description

Traded in Other Exchanges
N/A
Address
733 Gaoping Road, Jing'an District, Shanghai, CHN, 200436
Apple Flavor & Fragrance Group Co Ltd is engaged in the development, manufacture, and sale of spices, flavors, and food ingredients. Its main products include spices which include synthetic and natural flavors, flavors (including food flavors and daily flavors) and industrial Cree which mainly include chocolate for frozen drinks and chocolate for baking, widely used in food, beverages, cigarettes, daily chemicals. It also engaged in the distribution of internationally renowned brands of butter, cheese, whipped cream, chocolate, cocoa, fruit products and other food ingredients.
Executives
Xu Yao Zhong Director
Wei Zhong Hao Director
Mei Guo You Director
Fei Wen Yao Director
Wang Sheng Wen senior management
Hu Yong Cheng Director
Zhang Li Hua Supervisors
Du Yi Supervisors

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