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Credicorp (LIM:BAP) Cyclically Adjusted Revenue per Share : $56.96 (As of Mar. 2024)


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What is Credicorp 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.

Credicorp's adjusted revenue per share for the three months ended in Mar. 2024 was $17.127. 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 $56.96 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Credicorp's average Cyclically Adjusted Revenue Growth Rate was 9.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 11.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 10.40% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 11.30% 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 Credicorp was 13.50% per year. The lowest was 8.90% per year. And the median was 11.20% per year.

As of today (2024-05-22), Credicorp's current stock price is $165.30. Credicorp's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $56.96. Credicorp's Cyclically Adjusted PS Ratio of today is 2.90.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Credicorp was 8.00. The lowest was 2.17. And the median was 5.65.


Credicorp Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Credicorp'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.

Credicorp Cyclically Adjusted Revenue per Share Chart

Credicorp 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 37.57 39.60 46.43 50.89 55.60

Credicorp 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 52.46 53.30 55.28 55.60 56.96

Competitive Comparison of Credicorp's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, Credicorp'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.


Credicorp's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Credicorp's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Credicorp 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, Credicorp'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)
=17.127/131.7762*131.7762
=17.127

Current CPI (Mar. 2024) = 131.7762.

Credicorp Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 8.744 100.560 11.458
201409 9.084 100.428 11.920
201412 9.036 99.070 12.019
201503 9.600 99.621 12.699
201506 9.723 100.684 12.726
201509 9.868 100.392 12.953
201512 10.431 99.792 13.774
201603 10.049 100.470 13.180
201606 10.556 101.688 13.679
201609 10.675 101.861 13.810
201612 10.813 101.863 13.988
201703 10.818 102.862 13.859
201706 10.736 103.349 13.689
201709 11.748 104.136 14.866
201712 11.803 104.011 14.954
201803 11.195 105.290 14.011
201806 11.055 106.317 13.702
201809 11.506 106.507 14.236
201812 11.623 105.998 14.450
201903 11.937 107.251 14.667
201906 12.165 108.070 14.834
201909 12.546 108.329 15.261
201912 12.846 108.420 15.613
202003 11.951 108.902 14.461
202006 10.639 108.767 12.890
202009 11.133 109.815 13.359
202012 11.808 109.897 14.159
202103 13.302 111.754 15.685
202106 11.532 114.631 13.257
202109 12.845 115.734 14.625
202112 13.316 117.630 14.917
202203 12.930 121.301 14.047
202206 13.417 125.017 14.142
202209 14.967 125.227 15.750
202212 14.728 125.222 15.499
202303 15.802 127.348 16.351
202306 16.474 128.729 16.864
202309 16.623 129.860 16.868
202312 16.563 129.419 16.865
202403 17.127 131.776 17.127

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


Credicorp  (LIM:BAP) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=165.30/56.96
=2.90

* 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 Credicorp was 8.00. The lowest was 2.17. And the median was 5.65.


Be Aware

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


Credicorp Cyclically Adjusted Revenue per Share Related Terms

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


Credicorp (LIM:BAP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Credicorp Ltd (LIM:BAP) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
Calle Centenario 156, La Molina, Lima, PER, 12
Credicorp Ltd is a financial services company in Peru. The company is involved mainly in commercial banking, providing trade finance, corporate finance, and leasing services. It also offers insurance for commercial property, transportation, automobile, life, health, and investment banking services: brokerage services, asset management, trust, custody and securitization services, trading and investment, and pension fund business. The company operates the following subsidiaries: Banco de Credito del Peru, Atlantic Security Bank, Prima AFP, El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros, Credicorp Capital, and BCP Bolivia.