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Ambev (ABEV) Cyclically Adjusted Revenue per Share : $0.93 (As of Dec. 2023)


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What is Ambev 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.

Ambev's adjusted revenue per share for the three months ended in Dec. 2023 was $0.258. 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 $0.93 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Ambev's average Cyclically Adjusted Revenue Growth Rate was 4.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 8.90% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 8.90% 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 Ambev was 14.80% per year. The lowest was 6.30% per year. And the median was 11.05% per year.

As of today (2024-04-28), Ambev's current stock price is $2.33. Ambev's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $0.93. Ambev's Cyclically Adjusted PS Ratio of today is 2.51.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Ambev was 10.00. The lowest was 2.62. And the median was 6.03.


Ambev Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Ambev'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.

Ambev Cyclically Adjusted Revenue per Share Chart

Ambev 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 0.82 0.68 0.73 0.82 0.93

Ambev Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.82 0.88 0.92 0.89 0.93

Competitive Comparison of Ambev's Cyclically Adjusted Revenue per Share

For the Beverages - Brewers subindustry, Ambev'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.


Ambev's Cyclically Adjusted PS Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Ambev's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Ambev 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, Ambev's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.258/156.2729*156.2729
=0.258

Current CPI (Dec. 2023) = 156.2729.

Ambev Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.246 90.447 0.425
201406 0.231 91.838 0.393
201409 0.236 92.602 0.398
201412 0.285 94.194 0.473
201503 0.220 97.799 0.352
201506 0.203 100.006 0.317
201509 0.177 101.392 0.273
201512 0.247 104.247 0.370
201603 0.199 106.979 0.291
201606 0.193 108.851 0.277
201609 0.200 109.986 0.284
201612 0.245 110.802 0.346
201703 0.229 111.869 0.320
201706 0.201 112.115 0.280
201709 0.231 112.777 0.320
201712 0.276 114.068 0.378
201803 0.227 114.868 0.309
201806 0.193 117.038 0.258
201809 0.170 117.881 0.225
201812 0.260 118.340 0.343
201903 0.207 120.124 0.269
201906 0.199 120.977 0.257
201909 0.183 121.292 0.236
201912 0.234 123.436 0.296
202003 0.163 124.092 0.205
202006 0.141 123.557 0.178
202009 0.182 125.095 0.227
202012 0.227 129.012 0.275
202103 0.186 131.660 0.221
202106 0.197 133.871 0.230
202109 0.221 137.913 0.250
202112 0.246 141.992 0.271
202203 0.234 146.537 0.250
202206 0.225 149.784 0.235
202209 0.248 147.800 0.262
202212 0.273 150.207 0.284
202303 0.249 153.352 0.254
202306 0.246 154.519 0.249
202309 0.260 155.464 0.261
202312 0.258 156.273 0.258

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


Ambev  (NYSE:ABEV) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=2.33/0.93
=2.51

* 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 Ambev was 10.00. The lowest was 2.62. And the median was 6.03.


Be Aware

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


Ambev Cyclically Adjusted Revenue per Share Related Terms

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


Ambev (ABEV) Business Description

Industry
Address
Rua Doutor Renato Paes de Barros, 1017, 3rd Floor, Sao Paulo, SP, BRA, 04530-001
Ambev is the largest brewer in Latin America and the Caribbean and is Anheuser-Busch InBev's subsidiary in the region. It produces, distributes, and sells beer and PepsiCo products in Brazil and other Latin American countries and owns Argentina's largest brewer, Quinsa. Ambev was formed in 1999 through the merger of Brazil's two largest beverage companies, Brahma and Antarctica. In 2004, Ambev combined with Canadian brewer Labatt, giving Interbrew (now AB InBev) a controlling interest of 61.8% as at the end of 2022.

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