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Aena SME (XMAD:AENA) Cyclically Adjusted Revenue per Share : €27.95 (As of Dec. 2023)


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What is Aena SME 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.

Aena SME's adjusted revenue per share for the three months ended in Dec. 2023 was €8.688. 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 €27.95 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Aena SME's average Cyclically Adjusted Revenue Growth Rate was 6.00% 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 (2024-04-28), Aena SME's current stock price is €175.80. Aena SME's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €27.95. Aena SME's Cyclically Adjusted PS Ratio of today is 6.29.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Aena SME was 6.53. The lowest was 3.97. And the median was 5.38.


Aena SME Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Aena SME'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.

Aena SME Cyclically Adjusted Revenue per Share Chart

Aena SME 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 - - - 26.37 27.95

Aena SME 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 26.37 26.67 27.16 27.62 27.95

Competitive Comparison of Aena SME's Cyclically Adjusted Revenue per Share

For the Airports & Air Services subindustry, Aena SME'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.


Aena SME's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Aena SME's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Aena SME 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, Aena SME'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)
=8.688/121.2698*121.2698
=8.688

Current CPI (Dec. 2023) = 121.2698.

Aena SME Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 3.927 100.139 4.756
201406 5.314 101.081 6.375
201409 6.719 100.441 8.112
201412 4.546 100.251 5.499
201503 4.359 99.474 5.314
201506 6.147 101.138 7.371
201509 7.148 99.559 8.707
201512 5.374 100.268 6.500
201603 4.755 98.638 5.846
201606 6.663 100.333 8.053
201609 7.644 99.737 9.294
201612 5.767 101.842 6.867
201703 5.211 100.896 6.263
201706 6.984 101.848 8.316
201709 8.192 101.524 9.785
201712 6.092 102.975 7.174
201803 5.531 102.122 6.568
201806 7.422 104.165 8.641
201809 8.496 103.818 9.924
201812 6.626 104.193 7.712
201903 5.957 103.488 6.981
201906 7.910 104.612 9.170
201909 8.904 103.905 10.392
201912 6.911 105.015 7.981
202003 5.015 103.469 5.878
202006 2.197 104.254 2.556
202009 4.097 103.521 4.799
202012 3.221 104.456 3.739
202103 2.285 104.857 2.643
202106 3.272 107.102 3.705
202109 5.807 107.669 6.541
202112 4.854 111.298 5.289
202203 5.057 115.153 5.326
202206 7.307 118.044 7.507
202209 8.401 117.221 8.691
202212 7.150 117.650 7.370
202303 6.768 118.948 6.900
202306 8.639 120.278 8.710
202309 9.558 121.343 9.552
202312 8.688 121.270 8.688

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


Aena SME  (XMAD:AENA) 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.

Aena SME's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=175.80/27.95
=6.29

* 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 Aena SME was 6.53. The lowest was 3.97. And the median was 5.38.


Be Aware

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


Aena SME Cyclically Adjusted Revenue per Share Related Terms

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


Aena SME (XMAD:AENA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Aena SME SA (XMAD:AENA) » Definitions » Cyclically Adjusted Revenue per Share
Address
Calle Peonias, 12, Madrid, ESP, 28042
Aena is a Spanish airport operator with 46 airports in Spain, including Madrid and Barcelona, and has stakes in 23 international airports. The group generates regulated and nonregulated revenue. Regulated revenue includes fees collected from takeoff and landing, passenger fees and security, whereas nonregulated revenue stems from commercial activities such as retail, food and beverage and advertising sales. In 2019, before the onset of the pandemic, the group catered to 275 million passengers through its Spanish airport network. The group was semiprivatized in 2015, with a listing on the Madrid exchange.

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