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PhiChem (SZSE:300398) Cyclically Adjusted Revenue per Share : ¥3.60 (As of Mar. 2024)


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What is PhiChem 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.

PhiChem's adjusted revenue per share for the three months ended in Mar. 2024 was ¥1.229. 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 ¥3.60 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PhiChem's average Cyclically Adjusted Revenue Growth Rate was 11.10% 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), PhiChem's current stock price is ¥11.13. PhiChem's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥3.60. PhiChem's Cyclically Adjusted PS Ratio of today is 3.09.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of PhiChem was 6.84. The lowest was 2.94. And the median was 5.12.


PhiChem Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for PhiChem'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.

PhiChem Cyclically Adjusted Revenue per Share Chart

PhiChem 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 - - - 3.21 3.49

PhiChem 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 3.24 3.28 3.40 3.49 3.60

Competitive Comparison of PhiChem's Cyclically Adjusted Revenue per Share

For the Specialty Chemicals subindustry, PhiChem'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.


PhiChem's Cyclically Adjusted PS Ratio Distribution in the Chemicals Industry

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

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



PhiChem 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, PhiChem'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)
=1.229/115.2271*115.2271
=1.229

Current CPI (Mar. 2024) = 115.2271.

PhiChem Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.394 98.200 0.462
201409 0.410 98.900 0.478
201412 0.401 99.000 0.467
201503 0.318 99.900 0.367
201506 0.210 99.500 0.243
201509 0.266 100.500 0.305
201512 0.168 100.600 0.192
201603 0.832 102.200 0.938
201606 0.741 101.400 0.842
201609 0.791 102.400 0.890
201612 0.810 102.600 0.910
201703 0.249 103.200 0.278
201706 0.357 103.100 0.399
201709 0.533 104.100 0.590
201712 0.919 104.500 1.013
201803 0.694 105.300 0.759
201806 1.103 104.900 1.212
201809 0.830 106.600 0.897
201812 0.815 106.500 0.882
201903 0.861 107.700 0.921
201906 0.636 107.700 0.680
201909 0.705 109.800 0.740
201912 0.799 111.200 0.828
202003 0.703 112.300 0.721
202006 0.961 110.400 1.003
202009 1.041 111.700 1.074
202012 1.040 111.500 1.075
202103 1.073 112.662 1.097
202106 1.074 111.769 1.107
202109 1.211 112.215 1.244
202112 1.387 113.108 1.413
202203 1.654 114.335 1.667
202206 1.469 114.558 1.478
202209 1.167 115.339 1.166
202212 1.283 115.116 1.284
202303 1.152 115.116 1.153
202306 1.310 114.558 1.318
202309 1.341 115.339 1.340
202312 1.294 114.781 1.299
202403 1.229 115.227 1.229

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


PhiChem  (SZSE:300398) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=11.13/3.6
=3.09

* 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 PhiChem was 6.84. The lowest was 2.94. And the median was 5.12.


Be Aware

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


PhiChem Cyclically Adjusted Revenue per Share Related Terms

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


PhiChem (SZSE:300398) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » PhiChem Corp (SZSE:300398) » Definitions » Cyclically Adjusted Revenue per Share
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Address
2999 Panjing Road, Baoshan district, Shanghai, CHN, 201908
PhiChem Corp is a chemical manufacturing company. It is engaged in the research, production, and sale of materials and specialty chemicals used in high-tech manufacturing. Its product portfolio includes formulated ultraviolet (UV) curable materials optical fiber/cable, materials for wafer, printed circuit board, light-emitting diode (LED), Surface-mount technology (SMT) production, Liquid crystal materials for information display applications, release coating materials for packaging and industrial applications, specialty resins, intermediates and additives. Its products are also used in electronic manufacturing fields. The company has a global presence with sales offices in China, Taiwan, Japan, United States, South Korea and India.
Executives
Su Bin Directors, executives
Song Shu Guo Directors, executives
Director
Zhang Lu Yang Independent director
Jin Ding Director
Wang Lin Supervisors

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