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Shandong Hi-Speed Co (SHSE:600350) Cyclically Adjusted Revenue per Share : ¥2.57 (As of Mar. 2024)


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What is Shandong Hi-Speed 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.

Shandong Hi-Speed Co's adjusted revenue per share for the three months ended in Mar. 2024 was ¥0.760. 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 ¥2.57 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Shandong Hi-Speed Co's average Cyclically Adjusted Revenue Growth Rate was 12.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 13.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 11.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 7.90% 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 Shandong Hi-Speed Co was 13.60% per year. The lowest was 5.20% per year. And the median was 8.20% per year.

As of today (2024-05-22), Shandong Hi-Speed Co's current stock price is ¥8.71. Shandong Hi-Speed Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥2.57. Shandong Hi-Speed Co's Cyclically Adjusted PS Ratio of today is 3.39.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Shandong Hi-Speed Co was 8.79. The lowest was 2.45. And the median was 3.18.


Shandong Hi-Speed Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Shandong Hi-Speed 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.

Shandong Hi-Speed Co Cyclically Adjusted Revenue per Share Chart

Shandong Hi-Speed 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 1.63 1.72 1.91 2.21 2.52

Shandong Hi-Speed 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 2.27 2.31 2.38 2.52 2.57

Competitive Comparison of Shandong Hi-Speed Co's Cyclically Adjusted Revenue per Share

For the Infrastructure Operations subindustry, Shandong Hi-Speed 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.


Shandong Hi-Speed Co's Cyclically Adjusted PS Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shandong Hi-Speed Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Shandong Hi-Speed Co's Cyclically Adjusted PS Ratio falls into.



Shandong Hi-Speed 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, Shandong Hi-Speed 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)
=0.76/115.2271*115.2271
=0.760

Current CPI (Mar. 2024) = 115.2271.

Shandong Hi-Speed Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.440 98.200 0.516
201409 0.395 98.900 0.460
201412 0.240 99.000 0.279
201503 0.278 99.900 0.321
201506 0.336 99.500 0.389
201509 0.384 100.500 0.440
201512 0.451 100.600 0.517
201603 0.283 102.200 0.319
201606 0.345 101.400 0.392
201609 0.356 102.400 0.401
201612 0.775 102.600 0.870
201703 0.330 103.200 0.368
201706 0.364 103.100 0.407
201709 0.380 104.100 0.421
201712 0.615 104.500 0.678
201803 0.290 105.300 0.317
201806 0.332 104.900 0.365
201809 0.401 106.600 0.433
201812 0.393 106.500 0.425
201903 0.332 107.700 0.355
201906 0.660 107.700 0.706
201909 0.672 109.800 0.705
201912 0.508 111.200 0.526
202003 0.349 112.300 0.358
202006 0.481 110.400 0.502
202009 0.734 111.700 0.757
202012 0.933 111.500 0.964
202103 0.668 112.662 0.683
202106 0.801 111.769 0.826
202109 0.769 112.215 0.790
202112 0.922 113.108 0.939
202203 0.640 114.335 0.645
202206 0.817 114.558 0.822
202209 0.706 115.339 0.705
202212 1.797 115.116 1.799
202303 0.904 115.116 0.905
202306 0.819 114.558 0.824
202309 0.980 115.339 0.979
202312 1.863 114.781 1.870
202403 0.760 115.227 0.760

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


Shandong Hi-Speed Co  (SHSE:600350) 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.

Shandong Hi-Speed Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=8.71/2.57
=3.39

* 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 Shandong Hi-Speed Co was 8.79. The lowest was 2.45. And the median was 3.18.


Be Aware

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


Shandong Hi-Speed Co Cyclically Adjusted Revenue per Share Related Terms

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Shandong Hi-Speed Co (SHSE:600350) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 5006, Aoti Middle Road, Shandong, Jinan, CHN, 250101
Shandong Hi-Speed Co Ltd is a China-based company mainly engaged in the investment and operation of transportation infrastructure. It is also engaged in activities of equity investment in the upstream and downstream industries, finance, and environmental protection of the highway industry chain. It operates and maintains toll roads, bridges, tunnels, and other infrastructure facilities. The company earns majority revenue in the form of Toll, railway transportation, sales of goods, project construction, and other businesses.

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