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BYD Co (SZSE:002594) Cyclically Adjusted Revenue per Share : ¥71.12 (As of Dec. 2023)


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What is BYD Co 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.

BYD Co's adjusted revenue per share for the three months ended in Dec. 2023 was ¥61.604. 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 ¥71.12 for the trailing ten years ended in Dec. 2023.

During the past 12 months, BYD Co's average Cyclically Adjusted Revenue Growth Rate was 33.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 26.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 12.20% 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 BYD Co was 26.90% per year. The lowest was 1.20% per year. And the median was 9.90% per year.

As of today (2024-04-28), BYD Co's current stock price is ¥219.37. BYD Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was ¥71.12. BYD Co's Cyclically Adjusted PS Ratio of today is 3.08.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of BYD Co was 8.25. The lowest was 1.03. And the median was 3.62.


BYD Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for BYD Co'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.

BYD Co Cyclically Adjusted Revenue per Share Chart

BYD Co 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 40.14 34.83 40.33 53.35 71.12

BYD Co 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 53.35 56.80 60.69 66.03 71.12

Competitive Comparison of BYD Co's Cyclically Adjusted Revenue per Share

For the Auto Manufacturers subindustry, BYD Co'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.


BYD Co's Cyclically Adjusted PS Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, BYD Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



BYD Co 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, BYD Co'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)
=61.604/114.6694*114.6694
=61.604

Current CPI (Dec. 2023) = 114.6694.

BYD Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 4.735 98.600 5.507
201406 6.235 98.200 7.281
201409 5.726 98.900 6.639
201412 7.385 99.000 8.554
201503 6.318 99.900 7.252
201506 6.636 99.500 7.648
201509 6.776 100.500 7.731
201512 12.502 100.600 14.250
201603 7.630 102.200 8.561
201606 9.725 101.400 10.998
201609 10.509 102.400 11.768
201612 11.018 102.600 12.314
201703 6.948 103.200 7.720
201706 8.534 103.100 9.492
201709 10.006 104.100 11.022
201712 11.046 104.500 12.121
201803 4.830 105.300 5.260
201806 7.981 104.900 8.724
201809 11.965 106.600 12.871
201812 15.746 106.500 16.954
201903 10.105 107.700 10.759
201906 10.851 107.700 11.553
201909 5.285 109.800 5.519
201912 9.279 111.200 9.569
202003 3.494 112.300 3.568
202006 13.752 110.400 14.284
202009 15.762 111.700 16.181
202012 18.139 111.500 18.655
202103 13.816 112.662 14.062
202106 18.092 111.769 18.561
202109 18.739 112.215 19.149
202112 24.734 113.108 25.076
202203 23.146 114.335 23.214
202206 28.775 114.558 28.803
202209 39.950 115.339 39.718
202212 53.645 115.116 53.437
202303 41.318 115.116 41.158
202306 48.214 114.558 48.261
202309 55.723 115.339 55.400
202312 61.604 114.669 61.604

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


BYD Co  (SZSE:002594) 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.

BYD Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=219.37/71.12
=3.08

* 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 BYD Co was 8.25. The lowest was 1.03. And the median was 3.62.


Be Aware

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


BYD Co Cyclically Adjusted Revenue per Share Related Terms

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


BYD Co (SZSE:002594) Business Description

Industry
Address
No. 3009, BYD Road, Pingshan, Guangdong Province, Shenzhen, CHN, 518118
Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China's passenger vehicle market. The company sold more than 1.8 million passenger NEVs in 2022, accounting for about 28% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. After more than 25 years of development, the company has established over 30 industrial parks worldwide.

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