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China Man-Made Fiber (TPE:1718) Cyclically Adjusted Revenue per Share : NT$30.48 (As of Mar. 2024)


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What is China Man-Made Fiber 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.

China Man-Made Fiber's adjusted revenue per share for the three months ended in Mar. 2024 was NT$6.914. 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 NT$30.48 for the trailing ten years ended in Mar. 2024.

During the past 12 months, China Man-Made Fiber's average Cyclically Adjusted Revenue Growth Rate was 5.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.30% 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 China Man-Made Fiber was 7.30% per year. The lowest was 6.40% per year. And the median was 6.85% per year.

As of today (2024-06-06), China Man-Made Fiber's current stock price is NT$7.86. China Man-Made Fiber's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$30.48. China Man-Made Fiber's Cyclically Adjusted PS Ratio of today is 0.26.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of China Man-Made Fiber was 0.50. The lowest was 0.20. And the median was 0.31.


China Man-Made Fiber Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for China Man-Made Fiber'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.

China Man-Made Fiber Cyclically Adjusted Revenue per Share Chart

China Man-Made Fiber 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 23.55 24.31 26.66 28.36 30.02

China Man-Made Fiber 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 28.99 29.44 29.89 30.02 30.48

Competitive Comparison of China Man-Made Fiber's Cyclically Adjusted Revenue per Share

For the Chemicals subindustry, China Man-Made Fiber'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.


China Man-Made Fiber's Cyclically Adjusted PS Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, China Man-Made Fiber's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where China Man-Made Fiber's Cyclically Adjusted PS Ratio falls into.



China Man-Made Fiber 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, China Man-Made Fiber'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)
=6.914/131.7762*131.7762
=6.914

Current CPI (Mar. 2024) = 131.7762.

China Man-Made Fiber Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 5.994 100.560 7.855
201409 6.101 100.428 8.005
201412 6.020 99.070 8.007
201503 5.829 99.621 7.710
201506 5.743 100.684 7.517
201509 6.050 100.392 7.941
201512 5.671 99.792 7.489
201603 5.721 100.470 7.504
201606 6.145 101.688 7.963
201609 5.963 101.861 7.714
201612 6.228 101.863 8.057
201703 6.366 102.862 8.155
201706 6.526 103.349 8.321
201709 7.152 104.136 9.050
201712 6.778 104.011 8.587
201803 7.339 105.290 9.185
201806 7.681 106.317 9.520
201809 7.775 106.507 9.620
201812 7.413 105.998 9.216
201903 7.343 107.251 9.022
201906 7.081 108.070 8.634
201909 6.369 108.329 7.748
201912 6.241 108.420 7.585
202003 5.661 108.902 6.850
202006 4.734 108.767 5.735
202009 5.068 109.815 6.082
202012 5.559 109.897 6.666
202103 5.515 111.754 6.503
202106 5.489 114.631 6.310
202109 6.401 115.734 7.288
202112 6.740 117.630 7.551
202203 5.803 121.301 6.304
202206 6.104 125.017 6.434
202209 6.442 125.227 6.779
202212 6.476 125.222 6.815
202303 6.509 127.348 6.735
202306 6.856 128.729 7.018
202309 7.287 129.860 7.395
202312 6.905 129.419 7.031
202403 6.914 131.776 6.914

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


China Man-Made Fiber  (TPE:1718) 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.

China Man-Made Fiber's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=7.86/30.48
=0.26

* 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 China Man-Made Fiber was 0.50. The lowest was 0.20. And the median was 0.31.


Be Aware

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


China Man-Made Fiber Cyclically Adjusted Revenue per Share Related Terms

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


China Man-Made Fiber (TPE:1718) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Xinsheng S. Road, 10-11th Floor, No. 50, Sector 1, Taipei City, TWN, 100
China Man-Made Fiber Corp makes and sells chemicals and fiber products, including polyester yarn and filament, and rayon yarn and fiber, which are used to make apparel, footwear, and industrial cloth. The company's chemical portfolio includes ethylene glycol, ethylene oxide, and nonylphenol, which are used to make antifreeze and engine coolants for the automobile industry. The chemicals are also used in snow and ice removal as well as explosives for the mining industry.

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