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Singapore Airlines (BKK:SIA19) Cyclically Adjusted Revenue per Share : ฿23.87 (As of Mar. 2024)


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What is Singapore Airlines 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.

Singapore Airlines's adjusted revenue per share for the three months ended in Mar. 2024 was ฿42.996. 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 ฿23.87 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Singapore Airlines's average Cyclically Adjusted Revenue Growth Rate was -2.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -1.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -2.20% 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 Singapore Airlines was 1.90% per year. The lowest was -2.80% per year. And the median was -1.60% per year.

As of today (2024-06-06), Singapore Airlines's current stock price is ฿18.50. Singapore Airlines's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ฿23.87. Singapore Airlines's Cyclically Adjusted PS Ratio of today is 0.78.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Singapore Airlines was 0.87. The lowest was 0.35. And the median was 0.66.


Singapore Airlines Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Singapore Airlines'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.

Singapore Airlines Cyclically Adjusted Revenue per Share Chart

Singapore Airlines Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 23.87

Singapore Airlines 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 - - 23.73 22.41 23.87

Competitive Comparison of Singapore Airlines's Cyclically Adjusted Revenue per Share

For the Airlines subindustry, Singapore Airlines'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.


Singapore Airlines's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

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

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



Singapore Airlines 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, Singapore Airlines'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)
=42.996/131.7762*131.7762
=42.996

Current CPI (Mar. 2024) = 131.7762.

Singapore Airlines Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 56.141 100.560 73.569
201409 59.377 100.428 77.911
201412 61.312 99.070 81.553
201503 55.463 99.621 73.365
201506 56.377 100.684 73.787
201509 58.751 100.392 77.118
201512 60.676 99.792 80.123
201603 57.454 100.470 75.356
201606 56.533 101.688 73.260
201609 55.710 101.861 72.071
201612 56.790 101.863 73.467
201703 54.908 102.862 70.342
201706 56.420 103.349 71.939
201709 56.069 104.136 70.951
201712 58.634 104.011 74.286
201803 56.740 105.290 71.014
201806 55.179 106.317 68.393
201809 56.674 106.507 70.120
201812 61.418 105.998 76.355
201903 56.454 107.251 69.364
201906 49.784 108.070 60.705
201909 55.110 108.329 67.038
201912 52.448 108.420 63.746
202003 38.051 108.902 46.044
202006 8.603 108.767 10.423
202009 3.731 109.815 4.477
202012 8.122 109.897 9.739
202103 8.626 111.754 10.171
202106 10.286 114.631 11.824
202109 12.682 115.734 14.440
202112 19.211 117.630 21.521
202203 20.384 121.301 22.144
202206 33.364 125.017 35.168
202209 39.597 125.227 41.668
202212 41.961 125.222 44.157
202303 39.050 127.348 40.408
202306 39.053 128.729 39.978
202309 41.435 129.860 42.047
202312 44.875 129.419 45.692
202403 42.996 131.776 42.996

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


Singapore Airlines  (BKK:SIA19) 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.

Singapore Airlines's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=18.50/23.87
=0.78

* 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 Singapore Airlines was 0.87. The lowest was 0.35. And the median was 0.66.


Be Aware

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


Singapore Airlines Cyclically Adjusted Revenue per Share Related Terms

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


Singapore Airlines (BKK:SIA19) Business Description

Industry
Traded in Other Exchanges
Address
25 Airline Road, Airline House, Sinagapore, SGP, 819829
Singapore Airlines is Singapore's flagship carrier and one of the region's largest airlines in revenue and carrying capacity. The company's hub is Changi Airport, providing regional and cross-continental passenger and cargo services destined to or transit through Singapore. The company operates under dual brands: the premium carrier, SIA, coupled with its wholly owned subsidiary, and the low-cost regional carrier Scoot. It also owns stakes in SATs and SIA Engineering.

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