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Fortuna Silver Mines (TSX:FVI) Cyclically Adjusted Revenue per Share : C$2.71 (As of Mar. 2024)


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What is Fortuna Silver Mines 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.

Fortuna Silver Mines's adjusted revenue per share for the three months ended in Mar. 2024 was C$0.988. 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$2.71 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Fortuna Silver Mines's average Cyclically Adjusted Revenue Growth Rate was 12.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 14.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 12.40% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 13.10% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Fortuna Silver Mines was 15.80% per year. The lowest was 11.30% per year. And the median was 12.85% per year.

As of today (2024-05-16), Fortuna Silver Mines's current stock price is C$7.28. Fortuna Silver Mines's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$2.71. Fortuna Silver Mines's Cyclically Adjusted PS Ratio of today is 2.69.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Fortuna Silver Mines was 11.24. The lowest was 1.28. And the median was 4.08.


Fortuna Silver Mines Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Fortuna Silver Mines'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.

Fortuna Silver Mines Cyclically Adjusted Revenue per Share Chart

Fortuna Silver Mines 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 1.66 1.78 2.06 2.34 2.67

Fortuna Silver Mines 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 2.41 2.48 2.58 2.67 2.71

Competitive Comparison of Fortuna Silver Mines's Cyclically Adjusted Revenue per Share

For the Gold subindustry, Fortuna Silver Mines'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.


Fortuna Silver Mines's Cyclically Adjusted PS Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Fortuna Silver Mines's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Fortuna Silver Mines 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, Fortuna Silver Mines'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)
=0.988/126.2576*126.2576
=0.988

Current CPI (Mar. 2024) = 126.2576.

Fortuna Silver Mines Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.376 99.473 0.477
201409 0.397 99.394 0.504
201412 0.338 98.367 0.434
201503 0.386 99.789 0.488
201506 0.370 100.500 0.465
201509 0.400 100.421 0.503
201512 0.393 99.947 0.496
201603 0.435 101.054 0.543
201606 0.439 102.002 0.543
201609 0.600 101.765 0.744
201612 0.522 101.449 0.650
201703 0.563 102.634 0.693
201706 0.533 103.029 0.653
201709 0.493 103.345 0.602
201712 0.603 103.345 0.737
201803 0.570 105.004 0.685
201806 0.604 105.557 0.722
201809 0.485 105.636 0.580
201812 0.481 105.399 0.576
201903 0.486 106.979 0.574
201906 0.555 107.690 0.651
201909 0.506 107.611 0.594
201912 0.526 107.769 0.616
202003 0.414 107.927 0.484
202006 0.352 108.401 0.410
202009 0.564 108.164 0.658
202012 0.679 108.559 0.790
202103 0.759 110.298 0.869
202106 0.751 111.720 0.849
202109 0.712 112.905 0.796
202112 0.773 113.774 0.858
202203 0.784 117.646 0.841
202206 0.728 120.806 0.761
202209 0.762 120.648 0.797
202212 0.771 120.964 0.805
202303 0.822 122.702 0.846
202306 0.718 124.203 0.730
202309 1.115 125.230 1.124
202312 1.161 125.072 1.172
202403 0.988 126.258 0.988

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


Fortuna Silver Mines  (TSX:FVI) 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.

Fortuna Silver Mines's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=7.28/2.71
=2.69

* 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 Fortuna Silver Mines was 11.24. The lowest was 1.28. And the median was 4.08.


Be Aware

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


Fortuna Silver Mines Cyclically Adjusted Revenue per Share Related Terms

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


Fortuna Silver Mines (TSX:FVI) Business Description

Industry
Traded in Other Exchanges
Address
200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6
Fortuna Silver Mines Inc is engaged in precious and base metal mining and related activities in Argentina, Burkina Faso, Mexico, Peru, and Cote d'Ivoire. The company operates the open pit Lindero gold mine in northern Argentina, the underground Yaramoko mine in southwestern Burkina Faso, the underground San Jose silver and gold mine in southern Mexico, the underground Caylloma silver, lead, and zinc mine in southern Peru, and is developing the open pit Seguela gold mine in southwestern Cote d'Ivoire. The company earns revenue from contracts with customers related to its concentrate and dore sales.
Executives
David Whittle Senior Officer

Fortuna Silver Mines (TSX:FVI) Headlines