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Accord Financial (TSX:ACD) Cyclically Adjusted Revenue per Share : C$4.89 (As of Dec. 2023)


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What is Accord Financial 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.

Accord Financial's adjusted revenue per share for the three months ended in Dec. 2023 was C$1.648. 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 C$4.89 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Accord Financial's average Cyclically Adjusted Revenue Growth Rate was 6.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 4.60% 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 Accord Financial was 9.10% per year. The lowest was 0.50% per year. And the median was 1.90% per year.

As of today (2024-05-02), Accord Financial's current stock price is C$4.55. Accord Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was C$4.89. Accord Financial's Cyclically Adjusted PS Ratio of today is 0.93.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Accord Financial was 3.75. The lowest was 0.83. And the median was 2.64.


Accord Financial Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Accord Financial'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.

Accord Financial Cyclically Adjusted Revenue per Share Chart

Accord Financial 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 3.72 3.77 4.16 4.58 4.89

Accord Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.58 4.68 4.76 4.82 4.89

Competitive Comparison of Accord Financial's Cyclically Adjusted Revenue per Share

For the Credit Services subindustry, Accord Financial'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.


Accord Financial's Cyclically Adjusted PS Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Accord Financial's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Accord Financial 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, Accord Financial's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.648/125.4675*125.4675
=1.648

Current CPI (Dec. 2023) = 125.4675.

Accord Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.736 98.604 0.937
201406 0.818 99.473 1.032
201409 0.904 99.394 1.141
201412 0.879 98.367 1.121
201503 0.848 99.789 1.066
201506 0.845 100.500 1.055
201509 0.954 100.421 1.192
201512 0.881 99.947 1.106
201603 0.783 101.054 0.972
201606 0.777 102.002 0.956
201609 0.768 101.765 0.947
201612 0.871 101.449 1.077
201703 0.720 102.634 0.880
201706 0.635 103.029 0.773
201709 0.879 103.345 1.067
201712 1.016 103.345 1.233
201803 1.031 105.004 1.232
201806 1.063 105.557 1.264
201809 1.259 105.636 1.495
201812 1.150 105.399 1.369
201903 1.014 106.979 1.189
201906 1.150 107.690 1.340
201909 1.275 107.611 1.487
201912 1.211 107.769 1.410
202003 0.940 107.927 1.093
202006 0.904 108.401 1.046
202009 1.105 108.164 1.282
202012 1.181 108.559 1.365
202103 1.183 110.298 1.346
202106 1.378 111.720 1.548
202109 1.396 112.905 1.551
202112 1.606 113.774 1.771
202203 1.320 117.646 1.408
202206 1.290 120.806 1.340
202209 1.158 120.648 1.204
202212 1.325 120.964 1.374
202303 1.253 122.702 1.281
202306 1.102 124.203 1.113
202309 1.205 125.230 1.207
202312 1.648 125.468 1.648

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


Accord Financial  (TSX:ACD) 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.

Accord Financial's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=4.55/4.89
=0.93

* 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 Accord Financial was 3.75. The lowest was 0.83. And the median was 2.64.


Be Aware

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


Accord Financial Cyclically Adjusted Revenue per Share Related Terms

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


Accord Financial (TSX:ACD) Business Description

Industry
Traded in Other Exchanges
N/A
Address
40 Eglinton Avenue East, Suite 602, Toronto, ON, CAN, M4P 3A2
Accord Financial Corp is a provider of asset-based financial services to businesses. Its asset-based financial services include asset-based lending, including factoring, lease financing, working capital financing, credit protection and receivables management, and supply chain financing for importers. The company's revenue comprises interest, including discount fees, and factoring commissions from the company's asset-based financial services, including factoring and leasing, and is measured at the fair value of the consideration received. The company's geographical segments include Canada and the United States.

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