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San Miguel Brewery Hong Kong (HKSE:00236) Cyclically Adjusted PS Ratio : 0.52 (As of Jun. 08, 2024)


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What is San Miguel Brewery Hong Kong Cyclically Adjusted PS Ratio?

As of today (2024-06-08), San Miguel Brewery Hong Kong's current share price is HK$0.93. San Miguel Brewery Hong Kong's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was HK$1.78. San Miguel Brewery Hong Kong's Cyclically Adjusted PS Ratio for today is 0.52.

The historical rank and industry rank for San Miguel Brewery Hong Kong's Cyclically Adjusted PS Ratio or its related term are showing as below:

HKSE:00236' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.55   Max: 1.13
Current: 0.52

During the past 13 years, San Miguel Brewery Hong Kong's highest Cyclically Adjusted PS Ratio was 1.13. The lowest was 0.34. And the median was 0.55.

HKSE:00236's Cyclically Adjusted PS Ratio is ranked better than
82.25% of 169 companies
in the Beverages - Alcoholic industry
Industry Median: 1.69 vs HKSE:00236: 0.52

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.

San Miguel Brewery Hong Kong's adjusted revenue per share data of for the fiscal year that ended in Dec23 was HK$1.985. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is HK$1.78 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


San Miguel Brewery Hong Kong Cyclically Adjusted PS Ratio Historical Data

The historical data trend for San Miguel Brewery Hong Kong's Cyclically Adjusted PS Ratio 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.

San Miguel Brewery Hong Kong Cyclically Adjusted PS Ratio Chart

San Miguel Brewery Hong Kong Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 0.44 0.58 0.40 0.46

San Miguel Brewery Hong Kong Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cyclically Adjusted PS Ratio 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 0.58 - 0.40 - 0.46

Competitive Comparison of San Miguel Brewery Hong Kong's Cyclically Adjusted PS Ratio

For the Beverages - Brewers subindustry, San Miguel Brewery Hong Kong'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.


San Miguel Brewery Hong Kong's Cyclically Adjusted PS Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, San Miguel Brewery Hong Kong's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where San Miguel Brewery Hong Kong's Cyclically Adjusted PS Ratio falls into.



San Miguel Brewery Hong Kong Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

San Miguel Brewery Hong Kong's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.93/1.78
=0.52

* 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.

San Miguel Brewery Hong Kong's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, San Miguel Brewery Hong Kong's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=1.985/117.2957*117.2957
=1.985

Current CPI (Dec23) = 117.2957.

San Miguel Brewery Hong Kong Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 1.950 99.707 2.294
201512 1.524 102.015 1.752
201612 1.449 103.225 1.647
201712 1.515 104.984 1.693
201812 1.565 107.622 1.706
201912 1.553 110.700 1.646
202012 1.487 109.711 1.590
202112 1.594 112.349 1.664
202212 1.823 114.548 1.867
202312 1.985 117.296 1.985

Add all the adjusted revenue per share together and divide 10 will get our 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.


San Miguel Brewery Hong Kong  (HKSE:00236) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


San Miguel Brewery Hong Kong Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of San Miguel Brewery Hong Kong's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


San Miguel Brewery Hong Kong (HKSE:00236) Business Description

Traded in Other Exchanges
N/A
Address
Citimark Building, 28 Yuen Shun Circuit, 9th Floor, Siu Lek Yuen, Shatin, New Territories, Hong Kong, HKG
San Miguel Brewery Hong Kong Ltd is engaged in the manufacturing and distribution of bottled, canned and draught beers. Its two reportable segments are 1) The Hong Kong operations comprise of the manufacture and distribution of own brewed beer products and the distribution of imported beer products in Hong Kong and overseas. 2) The Mainland China operations comprise of the manufacture and distribution of own-brewed beer products in the southern part of the People's Republic of China and overseas. It derives the majority of its revenue from Hong Kong.
Executives
San Miguel Corporation 2201 Interest of corporation controlled by you
San Miguel Food And Beverage, Inc. 2201 Interest of corporation controlled by you
Top Frontier Investment Holdings, Inc. 2201 Interest of corporation controlled by you
Zobel Iñigo 2201 Interest of corporation controlled by you

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