GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Credicorp Ltd (NYSE:BAP) » Definitions » Cyclically Adjusted Revenue per Share

Credicorp (Credicorp) Cyclically Adjusted Revenue per Share : $56.53 (As of Dec. 2023)


View and export this data going back to 1995. Start your Free Trial

What is Credicorp 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.

Credicorp's adjusted revenue per share for the three months ended in Dec. 2023 was $16.836. 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 $56.53 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Credicorp's average Cyclically Adjusted Revenue Growth Rate was 9.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 11.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 10.40% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 11.30% 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 Credicorp was 13.50% per year. The lowest was 8.90% per year. And the median was 11.20% per year.

As of today (2024-05-12), Credicorp's current stock price is $174.92. Credicorp's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $56.53. Credicorp's Cyclically Adjusted PS Ratio of today is 3.09.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Credicorp was 8.33. The lowest was 2.16. And the median was 5.62.


Credicorp Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Credicorp'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.

Credicorp Cyclically Adjusted Revenue per Share Chart

Credicorp 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 38.17 40.99 46.41 51.74 56.53

Credicorp 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 51.74 53.37 54.83 56.03 56.53

Competitive Comparison of Credicorp's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, Credicorp'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.


Credicorp's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



Credicorp 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, Credicorp'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)
=16.836/129.4194*129.4194
=16.836

Current CPI (Dec. 2023) = 129.4194.

Credicorp Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 8.169 99.695 10.605
201406 8.888 100.560 11.439
201409 9.234 100.428 11.900
201412 9.185 99.070 11.999
201503 9.758 99.621 12.677
201506 9.884 100.684 12.705
201509 10.030 100.392 12.930
201512 10.603 99.792 13.751
201603 10.214 100.470 13.157
201606 10.730 101.688 13.656
201609 10.851 101.861 13.787
201612 10.991 101.863 13.964
201703 10.996 102.862 13.835
201706 10.913 103.349 13.666
201709 11.942 104.136 14.841
201712 11.997 104.011 14.928
201803 11.380 105.290 13.988
201806 11.237 106.317 13.679
201809 11.696 106.507 14.212
201812 11.815 105.998 14.426
201903 12.133 107.251 14.641
201906 12.366 108.070 14.809
201909 12.753 108.329 15.236
201912 13.058 108.420 15.587
202003 12.149 108.902 14.438
202006 10.814 108.767 12.867
202009 11.317 109.815 13.337
202012 12.003 109.897 14.135
202103 13.522 111.754 15.659
202106 11.722 114.631 13.234
202109 13.057 115.734 14.601
202112 13.535 117.630 14.892
202203 13.143 121.301 14.023
202206 13.638 125.017 14.118
202209 15.214 125.227 15.723
202212 14.971 125.222 15.473
202303 16.134 127.348 16.396
202306 16.745 128.729 16.835
202309 16.898 129.860 16.841
202312 16.836 129.419 16.836

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


Credicorp  (NYSE:BAP) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=174.92/56.53
=3.09

* 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 Credicorp was 8.33. The lowest was 2.16. And the median was 5.62.


Be Aware

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


Credicorp Cyclically Adjusted Revenue per Share Related Terms

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


Credicorp (Credicorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Credicorp Ltd (NYSE:BAP) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
Calle Centenario 156, La Molina, Lima, PER, 12
Credicorp Ltd is a financial services company in Peru. The company is involved mainly in commercial banking, providing trade finance, corporate finance, and leasing services. It also offers insurance for commercial property, transportation, automobile, life, health, and investment banking services: brokerage services, asset management, trust, custody and securitization services, trading and investment, and pension fund business. The company operates the following subsidiaries: Banco de Credito del Peru, Atlantic Security Bank, Prima AFP, El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros, Credicorp Capital, and BCP Bolivia.