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CITIC Securities Co (CITIC Securities Co) Cyclically Adjusted Revenue per Share : $0.38 (As of Mar. 2024)


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What is CITIC Securities Co 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.

CITIC Securities Co's adjusted revenue per share for the three months ended in Mar. 2024 was $0.123. 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 $0.38 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CITIC Securities Co's average Cyclically Adjusted Revenue Growth Rate was 7.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 10.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.50% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 6.60% 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 CITIC Securities Co was 17.30% per year. The lowest was 1.00% per year. And the median was 7.95% per year.

As of today (2024-06-04), CITIC Securities Co's current stock price is $1.80. CITIC Securities Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $0.38. CITIC Securities Co's Cyclically Adjusted PS Ratio of today is 4.74.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of CITIC Securities Co was 15.26. The lowest was 4.39. And the median was 6.14.


CITIC Securities Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for CITIC Securities Co'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.

CITIC Securities Co Cyclically Adjusted Revenue per Share Chart

CITIC Securities Co 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 0.27 0.23 0.34 0.36 0.40

CITIC Securities Co 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 0.40 0.34 0.36 0.40 0.38

Competitive Comparison of CITIC Securities Co's Cyclically Adjusted Revenue per Share

For the Capital Markets subindustry, CITIC Securities Co'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.


CITIC Securities Co's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, CITIC Securities Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where CITIC Securities Co's Cyclically Adjusted PS Ratio falls into.



CITIC Securities Co 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, CITIC Securities Co'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)
=0.123/117.7354*117.7354
=0.123

Current CPI (Mar. 2024) = 117.7354.

CITIC Securities Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.078 96.409 0.095
201409 0.095 97.948 0.114
201412 0.155 99.707 0.183
201503 0.136 99.927 0.160
201506 0.284 99.267 0.337
201509 0.132 99.927 0.156
201512 0.158 102.015 0.182
201603 0.094 102.785 0.108
201606 0.119 101.686 0.138
201609 0.105 102.565 0.121
201612 0.121 103.225 0.138
201703 0.097 103.335 0.111
201706 0.115 103.664 0.131
201709 0.112 103.994 0.127
201712 0.172 104.984 0.193
201803 0.117 105.973 0.130
201806 0.122 106.193 0.135
201809 0.079 106.852 0.087
201812 0.109 107.622 0.119
201903 0.120 108.172 0.131
201906 0.125 109.601 0.134
201909 0.119 110.260 0.127
201912 0.111 110.700 0.118
202003 0.136 110.920 0.144
202006 0.144 110.590 0.153
202009 0.162 107.512 0.177
202012 0.134 109.711 0.144
202103 0.195 111.579 0.206
202106 0.250 111.360 0.264
202109 0.237 109.051 0.256
202112 0.184 112.349 0.193
202203 0.164 113.558 0.170
202206 0.200 113.448 0.208
202209 0.134 113.778 0.139
202212 0.140 114.548 0.144
202303 0.147 115.427 0.150
202306 0.147 115.647 0.150
202309 0.126 116.087 0.128
202312 0.131 117.296 0.131
202403 0.123 117.735 0.123

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


CITIC Securities Co  (OTCPK:CIIHF) 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.

CITIC Securities Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1.80/0.38
=4.74

* 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 CITIC Securities Co was 15.26. The lowest was 4.39. And the median was 6.14.


Be Aware

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


CITIC Securities Co Cyclically Adjusted Revenue per Share Related Terms

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


CITIC Securities Co (CITIC Securities Co) Business Description

Address
1 Tim Mei Avenue, 26th Floor, CITIC Tower, Central, Hong Kong, HKG
CITIC Securities Co Ltd is a brokerage and investment group that provides brokerage, underwriting and sponsoring, proprietary trading, investment banking, asset management, investment advisory, and other services. The company's brokerage business consists of securities brokerage and futures brokerage and its asset management business includes portfolio management, directional asset management, special asset management, as well as fund management. The company offers financial services and products to a diverse client base including corporations, financial institutions, governments, and individuals. Citic Securities principally operates in mainland China and Hong Kong.

CITIC Securities Co (CITIC Securities Co) Headlines

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