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Sappi (JSE:SAP) Cyclically Adjusted Revenue per Share : R187.72 (As of Mar. 2024)


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What is Sappi 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.

Sappi's adjusted revenue per share for the three months ended in Mar. 2024 was R43.867. 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 R187.72 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sappi's average Cyclically Adjusted Revenue Growth Rate was 2.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 0.60% 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 Sappi was 6.10% per year. The lowest was -3.50% per year. And the median was -1.60% per year.

As of today (2024-05-22), Sappi's current stock price is R56.81. Sappi's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R187.72. Sappi's Cyclically Adjusted PS Ratio of today is 0.30.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Sappi was 0.69. The lowest was 0.13. And the median was 0.29.


Sappi Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Sappi'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.

Sappi Cyclically Adjusted Revenue per Share Chart

Sappi Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 151.99 154.68 159.66 175.48 184.87

Sappi 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 180.97 182.10 184.87 185.33 187.72

Competitive Comparison of Sappi's Cyclically Adjusted Revenue per Share

For the Paper & Paper Products subindustry, Sappi'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.


Sappi's Cyclically Adjusted PS Ratio Distribution in the Forest Products Industry

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

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



Sappi 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, Sappi'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)
=43.867/155.4180*155.4180
=43.867

Current CPI (Mar. 2024) = 155.4180.

Sappi Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 30.082 95.813 48.796
201409 31.233 96.794 50.150
201412 29.923 96.794 48.046
201503 30.431 98.538 47.997
201506 29.366 100.173 45.561
201509 36.043 101.154 55.378
201512 35.979 101.808 54.925
201603 36.758 104.969 54.424
201606 33.966 106.713 49.469
201609 34.652 107.694 50.008
201612 33.297 109.002 47.476
201703 31.028 111.400 43.288
201706 29.530 112.054 40.958
201709 33.928 112.926 46.695
201712 31.716 113.907 43.274
201803 32.246 115.542 43.375
201806 34.979 116.959 46.481
201809 41.055 118.376 53.902
201812 36.778 118.921 48.065
201903 39.363 120.774 50.654
201906 36.596 122.191 46.547
201909 39.708 123.281 50.059
201912 34.426 123.717 43.247
202003 39.854 125.679 49.285
202006 28.390 124.807 35.353
202009 33.218 126.878 40.690
202012 31.652 127.467 38.593
202103 31.818 129.628 38.148
202106 32.066 131.113 38.010
202109 37.296 133.273 43.493
202112 44.812 135.029 51.579
202203 46.149 137.594 52.127
202206 47.727 140.835 52.669
202209 55.992 143.671 60.570
202212 47.594 145.156 50.959
202303 43.399 147.586 45.702
202306 41.433 148.802 43.275
202309 43.171 151.502 44.287
202312 39.130 152.718 39.822
202403 43.867 155.418 43.867

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


Sappi  (JSE:SAP) 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.

Sappi's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=56.81/187.72
=0.30

* 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 Sappi was 0.69. The lowest was 0.13. And the median was 0.29.


Be Aware

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


Sappi Cyclically Adjusted Revenue per Share Related Terms

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


Sappi (JSE:SAP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Sappi Ltd (JSE:SAP) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
108 Oxford Road, Rosebank, Houghton Estate, Johannesburg, GT, ZAF, 2198
Sappi Ltd produces and sells a variety of paper and paper-related products. The products and services include Dissolving pulp, Graphic papers, Packaging and speciality papers, Casting and release papers, Biomaterials and Bio-energy. The company organizes itself into three primary segments based on geography: North America, Europe, and Southern Africa. More of the revenue comes from Europe than any other geography.