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Chung Hung Steel Co (TPE:2014) Cyclically Adjusted Revenue per Share : NT$33.32 (As of Mar. 2024)


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What is Chung Hung Steel 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.

Chung Hung Steel Co's adjusted revenue per share for the three months ended in Mar. 2024 was NT$6.372. 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$33.32 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Chung Hung Steel Co's average Cyclically Adjusted Revenue Growth Rate was 1.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.80% 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 Chung Hung Steel Co was 3.80% per year. The lowest was 2.90% per year. And the median was 3.35% per year.

As of today (2024-06-09), Chung Hung Steel Co's current stock price is NT$22.30. Chung Hung Steel Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$33.32. Chung Hung Steel Co's Cyclically Adjusted PS Ratio of today is 0.67.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Chung Hung Steel Co was 1.97. The lowest was 0.20. And the median was 0.70.


Chung Hung Steel Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Chung Hung Steel 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.

Chung Hung Steel Co Cyclically Adjusted Revenue per Share Chart

Chung Hung Steel 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 30.10 29.55 31.50 32.76 33.01

Chung Hung Steel 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 32.88 33.17 33.26 33.01 33.32

Competitive Comparison of Chung Hung Steel Co's Cyclically Adjusted Revenue per Share

For the Steel subindustry, Chung Hung Steel 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.


Chung Hung Steel Co's Cyclically Adjusted PS Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Chung Hung Steel Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Chung Hung Steel 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, Chung Hung Steel 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)
=6.372/131.7762*131.7762
=6.372

Current CPI (Mar. 2024) = 131.7762.

Chung Hung Steel Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 6.584 100.560 8.628
201409 6.314 100.428 8.285
201412 5.664 99.070 7.534
201503 5.388 99.621 7.127
201506 5.319 100.684 6.962
201509 5.252 100.392 6.894
201512 4.864 99.792 6.423
201603 5.369 100.470 7.042
201606 5.706 101.688 7.394
201609 5.575 101.861 7.212
201612 6.582 101.863 8.515
201703 6.986 102.862 8.950
201706 6.665 103.349 8.498
201709 7.295 104.136 9.231
201712 7.633 104.011 9.671
201803 7.751 105.290 9.701
201806 8.578 106.317 10.632
201809 9.027 106.507 11.169
201812 8.213 105.998 10.210
201903 8.337 107.251 10.243
201906 7.879 108.070 9.607
201909 6.078 108.329 7.394
201912 5.076 108.420 6.169
202003 7.035 108.902 8.513
202006 5.398 108.767 6.540
202009 6.287 109.815 7.544
202012 6.650 109.897 7.974
202103 7.518 111.754 8.865
202106 9.340 114.631 10.737
202109 10.896 115.734 12.406
202112 9.588 117.630 10.741
202203 8.615 121.301 9.359
202206 11.084 125.017 11.683
202209 5.458 125.227 5.743
202212 5.701 125.222 5.999
202303 6.633 127.348 6.864
202306 6.820 128.729 6.981
202309 6.867 129.860 6.968
202312 6.342 129.419 6.457
202403 6.372 131.776 6.372

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


Chung Hung Steel Co  (TPE:2014) 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.

Chung Hung Steel Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=22.30/33.32
=0.67

* 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 Chung Hung Steel Co was 1.97. The lowest was 0.20. And the median was 0.70.


Be Aware

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


Chung Hung Steel Co Cyclically Adjusted Revenue per Share Related Terms

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


Chung Hung Steel Co (TPE:2014) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 317, Yuliao Road, Yuliao Lane, Qiaotou District, Kaohsiung, TWN, 825
Chung Hung Steel Co Ltd is engaged in manufacturing, processing, and distribution of steel products. The company produces steel products including hot and cold galvanized coils, fine blanking coils, hot rolled temper grade coils, hot rolled pickled and oiled coils, and hot rolled bands. It has two operating segments; The Corporation segment which manufacture, process and sell steel products, and Other corporations segment which includes Hung Kao Investment Corporation engaged in general investment. Geographically, it derives a majority revenue from Taiwan.

Chung Hung Steel Co (TPE:2014) Headlines

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