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Intact Financial (TSX:IFC) Cyclically Adjusted Revenue per Share : C$100.90 (As of Mar. 2024)


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What is Intact 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.

Intact Financial's adjusted revenue per share for the three months ended in Mar. 2024 was C$34.689. 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$100.90 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Intact Financial's average Cyclically Adjusted Revenue Growth Rate was 9.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 11.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 10.40% 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 Intact Financial was 11.90% per year. The lowest was 6.90% per year. And the median was 8.30% per year.

As of today (2024-06-07), Intact Financial's current stock price is C$229.36. Intact Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$100.90. Intact Financial's Cyclically Adjusted PS Ratio of today is 2.27.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Intact Financial was 2.39. The lowest was 1.57. And the median was 1.96.


Intact Financial Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Intact 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.

Intact Financial Cyclically Adjusted Revenue per Share Chart

Intact 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 65.96 70.22 78.68 89.34 98.43

Intact Financial 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 92.26 94.83 96.83 98.43 100.90

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

For the Insurance - Property & Casualty subindustry, Intact 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.


Intact Financial's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

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

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



Intact 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, Intact Financial'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)
=34.689/126.2576*126.2576
=34.689

Current CPI (Mar. 2024) = 126.2576.

Intact Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 15.095 99.473 19.159
201409 15.125 99.394 19.213
201412 15.095 98.367 19.375
201503 15.384 99.789 19.464
201506 14.989 100.500 18.831
201509 15.361 100.421 19.313
201512 15.513 99.947 19.597
201603 15.696 101.054 19.611
201606 16.215 102.002 20.071
201609 16.895 101.765 20.961
201612 16.066 101.449 19.995
201703 17.168 102.634 21.120
201706 17.473 103.029 21.412
201709 16.768 103.345 20.486
201712 18.864 103.345 23.046
201803 18.305 105.004 22.010
201806 18.664 105.557 22.324
201809 19.045 105.636 22.763
201812 20.007 105.399 23.966
201903 20.280 106.979 23.935
201906 19.993 107.690 23.440
201909 20.007 107.611 23.474
201912 21.068 107.769 24.682
202003 21.000 107.927 24.567
202006 21.741 108.401 25.322
202009 21.930 108.164 25.598
202012 22.483 108.559 26.148
202103 20.224 110.298 23.150
202106 24.802 111.720 28.029
202109 29.790 112.905 33.313
202112 31.805 113.774 35.295
202203 33.538 117.646 35.993
202206 33.771 120.806 35.295
202209 27.674 120.648 28.961
202212 28.871 120.964 30.134
202303 33.930 122.702 34.913
202306 31.181 124.203 31.697
202309 30.625 125.230 30.876
202312 36.405 125.072 36.750
202403 34.689 126.258 34.689

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


Intact Financial  (TSX:IFC) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=229.36/100.9
=2.27

* 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 Intact Financial was 2.39. The lowest was 1.57. And the median was 1.96.


Be Aware

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


Intact Financial Cyclically Adjusted Revenue per Share Related Terms

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


Intact Financial (TSX:IFC) Business Description

Industry
Address
700 University Avenue, Suite 1500, Toronto, ON, CAN, M5G 0A1
Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company's direct premiums are written in the personal automotive space. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities. Its asset mix is designed to generate interest and dividend income.
Executives
Timothy Michael Miller Senior Officer

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