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SFL (STU:UG6) Cyclically Adjusted Revenue per Share : €4.61 (As of Mar. 2024)


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What is SFL 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.

SFL's adjusted revenue per share for the three months ended in Mar. 2024 was €1.674. 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 €4.61 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SFL's average Cyclically Adjusted Revenue Growth Rate was 9.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -1.60% 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 SFL was 7.30% per year. The lowest was -6.10% per year. And the median was -3.65% per year.

As of today (2024-05-27), SFL's current stock price is €12.945. SFL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €4.61. SFL's Cyclically Adjusted PS Ratio of today is 2.81.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of SFL was 3.71. The lowest was 1.56. And the median was 2.98.


SFL Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for SFL'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.

SFL Cyclically Adjusted Revenue per Share Chart

SFL 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 3.53 3.08 3.60 4.16 4.40

SFL 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 4.26 4.28 4.55 4.40 4.61

Competitive Comparison of SFL's Cyclically Adjusted Revenue per Share

For the Marine Shipping subindustry, SFL'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.


SFL's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

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

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



SFL 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, SFL'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)
=1.674/131.7762*131.7762
=1.674

Current CPI (Mar. 2024) = 131.7762.

SFL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.576 100.560 0.755
201409 0.553 100.428 0.726
201412 0.770 99.070 1.024
201503 0.700 99.621 0.926
201506 0.877 100.684 1.148
201509 0.829 100.392 1.088
201512 1.119 99.792 1.478
201603 0.870 100.470 1.141
201606 0.990 101.688 1.283
201609 0.686 101.861 0.887
201612 0.992 101.863 1.283
201703 0.763 102.862 0.977
201706 0.897 103.349 1.144
201709 0.544 104.136 0.688
201712 0.798 104.011 1.011
201803 0.713 105.290 0.892
201806 0.789 106.317 0.978
201809 0.650 106.507 0.804
201812 0.969 105.998 1.205
201903 0.958 107.251 1.177
201906 0.912 108.070 1.112
201909 0.941 108.329 1.145
201912 1.002 108.420 1.218
202003 1.025 108.902 1.240
202006 0.975 108.767 1.181
202009 0.901 109.815 1.081
202012 0.814 109.897 0.976
202103 0.788 111.754 0.929
202106 0.768 114.631 0.883
202109 0.738 115.734 0.840
202112 1.061 117.630 1.189
202203 1.417 121.301 1.539
202206 1.144 125.017 1.206
202209 1.226 125.227 1.290
202212 1.359 125.222 1.430
202303 1.276 127.348 1.320
202306 1.194 128.729 1.222
202309 1.369 129.860 1.389
202312 1.529 129.419 1.557
202403 1.674 131.776 1.674

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


SFL  (STU:UG6) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=12.945/4.61
=2.81

* 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 SFL was 3.71. The lowest was 1.56. And the median was 2.98.


Be Aware

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


SFL Cyclically Adjusted Revenue per Share Related Terms

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


SFL (STU:UG6) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SFL Corp Ltd (STU:UG6) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
14 Par-la-Ville Road, Par-la-Ville Place, P.O. Box HM 1593, Hamilton, BMU, HM 08
SFL Corp Ltd is an international ship owning and chartering company. The company is engaged primarily in the ownership and operation of vessels and offshore related assets and is also involved in the charter, purchase, and sale of assets. Its oil tankers, chemical tankers, and oil product tankers are all double-hull vessels.

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