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Melcor Developments (TSX:MRD) Cyclically Adjusted Revenue per Share : C$9.33 (As of Dec. 2023)


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What is Melcor Developments 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.

Melcor Developments's adjusted revenue per share for the three months ended in Dec. 2023 was C$4.048. 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$9.33 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Melcor Developments's average Cyclically Adjusted Revenue Growth Rate was 2.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 3.80% 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 Melcor Developments was 20.10% per year. The lowest was 2.50% per year. And the median was 8.90% per year.

As of today (2024-05-01), Melcor Developments's current stock price is C$11.34. Melcor Developments's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was C$9.33. Melcor Developments's Cyclically Adjusted PS Ratio of today is 1.22.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Melcor Developments was 4.14. The lowest was 0.70. And the median was 1.79.


Melcor Developments Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Melcor Developments'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.

Melcor Developments Cyclically Adjusted Revenue per Share Chart

Melcor Developments 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 8.28 8.29 8.86 9.12 9.33

Melcor Developments 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 9.12 9.20 9.31 9.44 9.33

Competitive Comparison of Melcor Developments's Cyclically Adjusted Revenue per Share

For the Real Estate - Development subindustry, Melcor Developments'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.


Melcor Developments's Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Melcor Developments's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Melcor Developments 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, Melcor Developments'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)
=4.048/125.4675*125.4675
=4.048

Current CPI (Dec. 2023) = 125.4675.

Melcor Developments Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.026 98.604 1.306
201406 2.066 99.473 2.606
201409 2.962 99.394 3.739
201412 3.176 98.367 4.051
201503 1.135 99.789 1.427
201506 1.413 100.500 1.764
201509 2.621 100.421 3.275
201512 2.754 99.947 3.457
201603 0.911 101.054 1.131
201606 1.183 102.002 1.455
201609 1.912 101.765 2.357
201612 3.214 101.449 3.975
201703 1.157 102.634 1.414
201706 1.435 103.029 1.748
201709 1.854 103.345 2.251
201712 3.445 103.345 4.182
201803 1.334 105.004 1.594
201806 1.312 105.557 1.559
201809 1.786 105.636 2.121
201812 3.605 105.399 4.291
201903 1.097 106.979 1.287
201906 1.179 107.690 1.374
201909 1.612 107.611 1.879
201912 2.385 107.769 2.777
202003 1.013 107.927 1.178
202006 1.173 108.401 1.358
202009 2.232 108.164 2.589
202012 2.389 108.559 2.761
202103 1.295 110.298 1.473
202106 1.963 111.720 2.205
202109 1.697 112.905 1.886
202112 4.435 113.774 4.891
202203 1.511 117.646 1.611
202206 1.556 120.806 1.616
202209 1.877 120.648 1.952
202212 2.382 120.964 2.471
202303 1.173 122.702 1.199
202306 2.081 124.203 2.102
202309 2.889 125.230 2.894
202312 4.048 125.468 4.048

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


Melcor Developments  (TSX:MRD) 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.

Melcor Developments's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=11.34/9.33
=1.22

* 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 Melcor Developments was 4.14. The lowest was 0.70. And the median was 1.79.


Be Aware

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


Melcor Developments Cyclically Adjusted Revenue per Share Related Terms

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


Melcor Developments (TSX:MRD) Business Description

Industry
Traded in Other Exchanges
Address
10310 Jasper Avenue, Suite 900, Edmonton, AB, CAN, T5J 1Y8
Melcor Developments Ltd is a real estate development company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions include Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.

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