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Semapa (LTS:0IE9) Cyclically Adjusted Book per Share : €13.02 (As of Dec. 2023)


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What is Semapa Cyclically Adjusted Book 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 Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Semapa's adjusted book value per share for the three months ended in Dec. 2023 was €18.423. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €13.02 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Semapa's average Cyclically Adjusted Book Growth Rate was 8.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.70% 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 Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Semapa was 10.50% per year. The lowest was 4.10% per year. And the median was 8.40% per year.

As of today (2024-06-09), Semapa's current stock price is €15.15. Semapa's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €13.02. Semapa's Cyclically Adjusted PB Ratio of today is 1.16.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Semapa was 2.75. The lowest was 0.67. And the median was 1.19.


Semapa Cyclically Adjusted Book per Share Historical Data

The historical data trend for Semapa's Cyclically Adjusted Book 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.

Semapa Cyclically Adjusted Book per Share Chart

Semapa Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.35 9.68 10.19 12.07 13.02

Semapa Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Book 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 12.07 12.40 12.48 12.94 13.02

Competitive Comparison of Semapa's Cyclically Adjusted Book per Share

For the Paper & Paper Products subindustry, Semapa's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Semapa's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Semapa's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Semapa's Cyclically Adjusted PB Ratio falls into.



Semapa Cyclically Adjusted Book 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 Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value 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 Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book 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, Semapa's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=18.423/118.0324*118.0324
=18.423

Current CPI (Dec. 2023) = 118.0324.

Semapa Quarterly Data

Book Value per Share CPI Adj_Book
201403 8.417 99.788 9.956
201406 7.856 99.967 9.276
201409 8.142 99.617 9.647
201412 8.454 99.723 10.006
201503 8.722 100.097 10.285
201506 8.555 100.769 10.021
201509 9.072 100.489 10.656
201512 8.774 100.119 10.344
201603 9.020 100.547 10.589
201606 9.292 101.319 10.825
201609 9.421 101.122 10.996
201612 10.130 100.998 11.839
201703 10.381 101.924 12.022
201706 9.778 102.240 11.288
201709 10.199 102.527 11.741
201712 10.453 102.479 12.040
201803 10.566 102.626 12.152
201806 10.231 103.790 11.635
201809 10.699 103.960 12.147
201812 11.043 103.159 12.635
201903 11.502 103.495 13.118
201906 11.402 104.192 12.917
201909 11.880 103.844 13.503
201912 11.944 103.592 13.609
202003 11.657 103.544 13.288
202006 11.667 104.323 13.200
202009 12.055 103.699 13.721
202012 11.880 103.354 13.567
202103 12.037 104.014 13.659
202106 12.255 104.852 13.795
202109 12.766 105.232 14.319
202112 13.676 106.191 15.201
202203 14.375 109.559 15.487
202206 15.467 114.003 16.014
202209 16.701 114.999 17.142
202212 16.569 116.377 16.805
202303 17.277 117.701 17.326
202306 17.002 117.872 17.025
202309 17.635 119.111 17.475
202312 18.423 118.032 18.423

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Semapa  (LTS:0IE9) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB 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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Semapa's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=15.15/13.02
=1.16

* 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 PB Ratio of Semapa was 2.75. The lowest was 0.67. And the median was 1.19.


Be Aware

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


Semapa Cyclically Adjusted Book per Share Related Terms

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


Semapa (LTS:0IE9) Business Description

Industry
Traded in Other Exchanges
Address
Avenue Fontes Pereira de Melo, 14 - 10th Floor, Lisboa, PRT, 1050-121
Semapa SA makes and sells a variety of paper products as well as cement. The segments of the company are, paper and pulp segment is the production and sale of writing and printing thin paper (UWF) and domestic consumption paper (Tissue), and it is present in the whole value-added chain, from research and development of forestry and agricultural production to the purchase and sale of wood and the production and sale of bleached eucalyptus kraft pulp and electric and thermal energy, as well as its commercialization. The cement and derivatives segment sells cement, ready-mix concrete, and aggregates to the construction and building industries. The environment segment collects animal waste and sells animal fats, food oil, and meal. The majority of revenue comes from the Rest of Europe.

Semapa (LTS:0IE9) Headlines

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