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Keyera (TSX:KEY) Cyclically Adjusted Revenue per Share : C$23.69 (As of Mar. 2024)


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What is Keyera 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.

Keyera's adjusted revenue per share for the three months ended in Mar. 2024 was C$6.636. 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$23.69 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Keyera's average Cyclically Adjusted Revenue Growth Rate was 3.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 3.50% 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 Keyera was 7.00% per year. The lowest was 0.90% per year. And the median was 3.55% per year.

As of today (2024-06-09), Keyera's current stock price is C$36.61. Keyera's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$23.69. Keyera's Cyclically Adjusted PS Ratio of today is 1.55.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Keyera was 2.95. The lowest was 0.61. And the median was 1.74.


Keyera Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Keyera'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.

Keyera Cyclically Adjusted Revenue per Share Chart

Keyera 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 20.05 19.24 20.31 22.40 23.57

Keyera 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 22.87 23.16 23.36 23.57 23.69

Competitive Comparison of Keyera's Cyclically Adjusted Revenue per Share

For the Oil & Gas Midstream subindustry, Keyera'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.


Keyera's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Keyera's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Keyera 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, Keyera'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)
=6.636/126.2576*126.2576
=6.636

Current CPI (Mar. 2024) = 126.2576.

Keyera Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 5.344 99.473 6.783
201409 5.158 99.394 6.552
201412 5.570 98.367 7.149
201503 3.818 99.789 4.831
201506 3.601 100.500 4.524
201509 3.782 100.421 4.755
201512 3.636 99.947 4.593
201603 3.487 101.054 4.357
201606 3.311 102.002 4.098
201609 3.364 101.765 4.174
201612 3.746 101.449 4.662
201703 4.529 102.634 5.571
201706 4.150 103.029 5.086
201709 4.054 103.345 4.953
201712 5.305 103.345 6.481
201803 5.281 105.004 6.350
201806 5.216 105.557 6.239
201809 5.581 105.636 6.670
201812 5.450 105.399 6.529
201903 3.957 106.979 4.670
201906 4.504 107.690 5.281
201909 3.881 107.611 4.553
201912 4.541 107.769 5.320
202003 4.845 107.927 5.668
202006 2.399 108.401 2.794
202009 3.225 108.164 3.764
202012 3.210 108.559 3.733
202103 4.606 110.298 5.272
202106 4.675 111.720 5.283
202109 5.413 112.905 6.053
202112 7.861 113.774 8.724
202203 7.647 117.646 8.207
202206 8.491 120.806 8.874
202209 7.773 120.648 8.134
202212 7.993 120.964 8.343
202303 7.809 122.702 8.035
202306 6.542 124.203 6.650
202309 6.383 125.230 6.435
202312 10.044 125.072 10.139
202403 6.636 126.258 6.636

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


Keyera  (TSX:KEY) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=36.61/23.69
=1.55

* 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 Keyera was 2.95. The lowest was 0.61. And the median was 1.74.


Be Aware

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


Keyera Cyclically Adjusted Revenue per Share Related Terms

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


Keyera (TSX:KEY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Keyera Corp (TSX:KEY) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
144 - 4th Avenue South West, Suite 200, The Ampersand, West Tower, Calgary, AB, CAN, T2P 3N4
Keyera is a midstream energy business that operates primarily out of Alberta. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for natural gas liquids and crude oil, and the marketing of NGLs, iso-octane, and crude oil. The firm currently has interests in about a dozen active gas plants and operates over 4,000 kilometers of pipelines.
Executives
Michael John Crothers Director