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Castech (SZSE:002222) Cyclically Adjusted Revenue per Share : ¥1.26 (As of Mar. 2024)


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What is Castech 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.

Castech's adjusted revenue per share for the three months ended in Mar. 2024 was ¥0.486. 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 ¥1.26 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Castech's average Cyclically Adjusted Revenue Growth Rate was 12.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 14.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 13.90% 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 Castech was 14.50% per year. The lowest was 13.30% per year. And the median was 14.20% per year.

As of today (2024-06-05), Castech's current stock price is ¥24.99. Castech's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥1.26. Castech's Cyclically Adjusted PS Ratio of today is 19.83.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Castech was 42.42. The lowest was 12.71. And the median was 19.63.


Castech Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Castech'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.

Castech Cyclically Adjusted Revenue per Share Chart

Castech 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 0.75 0.82 0.94 1.09 1.22

Castech 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 1.12 1.15 1.19 1.22 1.26

Competitive Comparison of Castech's Cyclically Adjusted Revenue per Share

For the Electronic Components subindustry, Castech'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.


Castech's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Castech's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Castech 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, Castech'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)
=0.486/115.2271*115.2271
=0.486

Current CPI (Mar. 2024) = 115.2271.

Castech Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.121 98.200 0.142
201409 0.128 98.900 0.149
201412 0.095 99.000 0.111
201503 0.127 99.900 0.146
201506 0.117 99.500 0.135
201509 0.128 100.500 0.147
201512 0.125 100.600 0.143
201603 0.174 102.200 0.196
201606 0.163 101.400 0.185
201609 0.201 102.400 0.226
201612 0.184 102.600 0.207
201703 0.249 103.200 0.278
201706 0.269 103.100 0.301
201709 0.289 104.100 0.320
201712 0.254 104.500 0.280
201803 0.293 105.300 0.321
201806 0.307 104.900 0.337
201809 0.305 106.600 0.330
201812 0.245 106.500 0.265
201903 0.293 107.700 0.313
201906 0.323 107.700 0.346
201909 0.292 109.800 0.306
201912 0.265 111.200 0.275
202003 0.283 112.300 0.290
202006 0.355 110.400 0.371
202009 0.348 111.700 0.359
202012 0.293 111.500 0.303
202103 0.386 112.662 0.395
202106 0.440 111.769 0.454
202109 0.448 112.215 0.460
202112 0.337 113.108 0.343
202203 0.463 114.335 0.467
202206 0.458 114.558 0.461
202209 0.497 115.339 0.497
202212 0.380 115.116 0.380
202303 0.462 115.116 0.462
202306 0.448 114.558 0.451
202309 0.485 115.339 0.485
202312 0.435 114.781 0.437
202403 0.486 115.227 0.486

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


Castech  (SZSE:002222) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=24.99/1.26
=19.83

* 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 Castech was 42.42. The lowest was 12.71. And the median was 19.63.


Be Aware

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


Castech Cyclically Adjusted Revenue per Share Related Terms

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


Castech (SZSE:002222) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Castech Inc (SZSE:002222) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
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Address
155 Yangqiao WestRoad, Fuzhou, Fujian, CHN, 350002
Castech Inc is a manufacturer and supplier of crystals and optical components. The company manufactures a wide range of high precision spherical, cylindrical and flat optics components for original equipment manufacturer customers from industries of the laser, telecom, biomedical instruments and analysis instruments. More than 80% of the company's products exported to North America, Europe, Japan and other Asian countries.
Executives
Chen Hui Director
Xie Fa Li Director
Chen Qiu Hua Executives
Yao Yuan Gen Director
Wang Xi Dan Supervisors

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