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iA Financial (TSX:IAG) Cyclically Adjusted Revenue per Share : C$105.35 (As of Mar. 2024)


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What is iA Financial 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.

iA Financial's adjusted revenue per share for the three months ended in Mar. 2024 was C$0.560. 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 C$105.35 for the trailing ten years ended in Mar. 2024.

During the past 12 months, iA Financial's average Cyclically Adjusted Revenue Growth Rate was -1.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 0.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.40% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.00% 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 iA Financial was 8.00% per year. The lowest was 0.50% per year. And the median was 5.20% per year.

As of today (2024-06-09), iA Financial's current stock price is C$87.15. iA Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$105.35. iA Financial's Cyclically Adjusted PS Ratio of today is 0.83.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of iA Financial was 0.88. The lowest was 0.38. And the median was 0.62.


iA Financial Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for iA Financial'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.

iA Financial Cyclically Adjusted Revenue per Share Chart

iA Financial 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 98.08 106.00 113.17 105.93 107.68

iA Financial 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 107.16 109.22 106.25 107.68 105.35

Competitive Comparison of iA Financial's Cyclically Adjusted Revenue per Share

For the Insurance - Diversified subindustry, iA Financial'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.


iA Financial's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

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

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



iA Financial 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, iA Financial'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)
=0.56/126.2576*126.2576
=0.560

Current CPI (Mar. 2024) = 126.2576.

iA Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 23.270 99.473 29.536
201409 20.861 99.394 26.499
201412 25.282 98.367 32.450
201503 30.049 99.789 38.019
201506 10.412 100.500 13.080
201509 17.160 100.421 21.575
201512 23.158 99.947 29.254
201603 27.094 101.054 33.852
201606 30.466 102.002 37.711
201609 26.699 101.765 33.125
201612 6.680 101.449 8.314
201703 26.748 102.634 32.905
201706 29.159 103.029 35.733
201709 15.215 103.345 18.588
201712 34.467 103.345 42.109
201803 23.861 105.004 28.691
201806 25.255 105.557 30.208
201809 18.055 105.636 21.580
201812 23.618 105.399 28.292
201903 45.694 106.979 53.928
201906 38.224 107.690 44.814
201909 34.804 107.611 40.835
201912 23.888 107.769 27.986
202003 22.037 107.927 25.780
202006 62.626 108.401 72.942
202009 38.383 108.164 44.804
202012 42.234 108.559 49.119
202103 3.093 110.298 3.541
202106 49.481 111.720 55.920
202109 35.500 112.905 39.698
202112 36.009 113.774 39.960
202203 -29.463 117.646 -31.620
202206 -24.231 120.806 -25.324
202209 6.953 120.648 7.276
202212 1.299 120.964 1.356
202303 19.400 122.702 19.962
202306 20.078 124.203 20.410
202309 -19.748 125.230 -19.910
202312 39.580 125.072 39.955
202403 0.560 126.258 0.560

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


iA Financial  (TSX:IAG) 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.

iA Financial's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=87.15/105.35
=0.83

* 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 iA Financial was 0.88. The lowest was 0.38. And the median was 0.62.


Be Aware

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


iA Financial Cyclically Adjusted Revenue per Share Related Terms

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


iA Financial (TSX:IAG) Business Description

Industry
Traded in Other Exchanges
Address
1080, Grande Allee Ouest, PO Box 1907, Station Terminus, Quebec, QC, CAN, G1K 7M3
iA Financial Corp Inc is a life and health insurance company. It offers life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgages, and others. The company operates and manages its activities according to five main reportable operating segments Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and U.S Operations.
Executives
Alain Bergeron Senior Officer

iA Financial (TSX:IAG) Headlines

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