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BYD Co (HKSE:01211) Cyclically Adjusted Revenue per Share : HK$74.66 (As of Mar. 2024)


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What is BYD 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.

BYD Co's adjusted revenue per share for the three months ended in Mar. 2024 was HK$46.641. 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 HK$74.66 for the trailing ten years ended in Mar. 2024.

During the past 12 months, BYD Co's average Cyclically Adjusted Revenue Growth Rate was 32.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 26.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 12.20% 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 BYD Co was 26.90% per year. The lowest was 1.20% per year. And the median was 9.90% per year.

As of today (2024-05-24), BYD Co's current stock price is HK$208.00. BYD Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was HK$74.66. BYD Co's Cyclically Adjusted PS Ratio of today is 2.79.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of BYD Co was 8.25. The lowest was 1.03. And the median was 3.59.


BYD Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for BYD 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.

BYD Co Cyclically Adjusted Revenue per Share Chart

BYD 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 32.71 36.43 40.10 39.99 77.08

BYD 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 50.98 58.75 67.51 77.08 74.66

Competitive Comparison of BYD Co's Cyclically Adjusted Revenue per Share

For the Auto Manufacturers subindustry, BYD 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.


BYD Co's Cyclically Adjusted PS Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, BYD Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



BYD 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, BYD 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)
=46.641/115.2271*115.2271
=46.641

Current CPI (Mar. 2024) = 115.2271.

BYD Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 7.757 98.200 9.102
201409 7.232 98.900 8.426
201412 9.254 99.000 10.771
201503 7.857 99.900 9.062
201506 8.292 99.500 9.603
201509 8.247 100.500 9.456
201512 15.025 100.600 17.210
201603 9.106 102.200 10.267
201606 11.456 101.400 13.018
201609 12.221 102.400 13.752
201612 12.354 102.600 13.874
201703 7.827 103.200 8.739
201706 9.777 103.100 10.927
201709 11.900 104.100 13.172
201712 13.090 104.500 14.434
201803 5.996 105.300 6.561
201806 9.687 104.900 10.641
201809 13.678 106.600 14.785
201812 17.886 106.500 19.352
201903 11.817 107.700 12.643
201906 12.311 107.700 13.171
201909 5.821 109.800 6.109
201912 10.326 111.200 10.700
202003 3.865 112.300 3.966
202006 15.050 110.400 15.708
202009 17.937 111.700 18.503
202012 21.503 111.500 22.222
202103 16.478 112.662 16.853
202106 21.856 111.769 22.532
202109 22.583 112.215 23.189
202112 30.286 113.108 30.853
202203 28.538 114.335 28.761
202206 33.730 114.558 33.927
202209 44.673 115.339 44.630
202212 59.906 115.116 59.964
202303 47.061 115.116 47.107
202306 52.735 114.558 53.043
202309 59.774 115.339 59.716
202312 67.381 114.781 67.643
202403 46.641 115.227 46.641

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


BYD Co  (HKSE:01211) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=208.00/74.66
=2.79

* 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 BYD Co was 8.25. The lowest was 1.03. And the median was 3.59.


Be Aware

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


BYD Co Cyclically Adjusted Revenue per Share Related Terms

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


BYD Co (HKSE:01211) Business Description

Industry
Address
No. 3009, BYD Road, Pingshan, Guangdong Province, Shenzhen, CHN, 518118
Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China's passenger vehicle market. The company sold more than 1.8 million passenger NEVs in 2022, accounting for about 28% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. After more than 25 years of development, the company has established over 30 industrial parks worldwide.

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