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Darling Ingredients (STU:43D) Cyclically Adjusted Book per Share : €17.78 (As of Mar. 2024)


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What is Darling Ingredients Cyclically Adjusted Book 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 Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Darling Ingredients's adjusted book value per share for the three months ended in Mar. 2024 was €26.447. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €17.78 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Darling Ingredients's average Cyclically Adjusted Book Growth Rate was 11.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 14.90% 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 Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Darling Ingredients was 36.20% per year. The lowest was -14.20% per year. And the median was 13.85% per year.

As of today (2024-06-06), Darling Ingredients's current stock price is €34.97. Darling Ingredients's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €17.78. Darling Ingredients's Cyclically Adjusted PB Ratio of today is 1.97.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Darling Ingredients was 6.16. The lowest was 1.24. And the median was 2.41.


Darling Ingredients Cyclically Adjusted Book per Share Historical Data

The historical data trend for Darling Ingredients's Cyclically Adjusted Book 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.

Darling Ingredients Cyclically Adjusted Book per Share Chart

Darling Ingredients Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.18 10.10 12.68 15.59 17.16

Darling Ingredients Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book 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 15.98 16.03 17.46 17.16 17.78

Competitive Comparison of Darling Ingredients's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, Darling Ingredients's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Darling Ingredients's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Darling Ingredients's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Darling Ingredients's Cyclically Adjusted PB Ratio falls into.



Darling Ingredients Cyclically Adjusted Book 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 Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value 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 Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book 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, Darling Ingredients's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=26.447/131.7762*131.7762
=26.447

Current CPI (Mar. 2024) = 131.7762.

Darling Ingredients Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.053 100.560 11.863
201409 9.289 100.428 12.189
201412 9.616 99.070 12.791
201503 10.362 99.621 13.707
201506 10.067 100.684 13.176
201509 9.813 100.392 12.881
201512 10.425 99.792 13.766
201603 10.517 100.470 13.794
201606 10.578 101.688 13.708
201609 10.738 101.861 13.892
201612 11.362 101.863 14.699
201703 11.354 102.862 14.546
201706 11.158 103.349 14.227
201709 10.816 104.136 13.687
201712 11.521 104.011 14.596
201803 11.651 105.290 14.582
201806 11.767 106.317 14.585
201809 11.734 106.507 14.518
201812 12.134 105.998 15.085
201903 12.304 107.251 15.118
201906 12.586 108.070 15.347
201909 12.772 108.329 15.536
201912 14.100 108.420 17.137
202003 14.222 108.902 17.209
202006 14.438 108.767 17.492
202009 14.531 109.815 17.437
202012 14.656 109.897 17.574
202103 15.273 111.754 18.009
202106 15.973 114.631 18.362
202109 16.842 115.734 19.176
202112 18.058 117.630 20.230
202203 19.257 121.301 20.920
202206 20.545 125.017 21.656
202209 22.562 125.227 23.742
202212 22.477 125.222 23.653
202303 23.604 127.348 24.425
202306 25.280 128.729 25.878
202309 25.730 129.860 26.110
202312 26.472 129.419 26.954
202403 26.447 131.776 26.447

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Darling Ingredients  (STU:43D) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB 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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Darling Ingredients's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=34.97/17.78
=1.97

* 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 PB Ratio of Darling Ingredients was 6.16. The lowest was 1.24. And the median was 2.41.


Be Aware

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


Darling Ingredients Cyclically Adjusted Book per Share Related Terms

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


Darling Ingredients (STU:43D) Business Description

Traded in Other Exchanges
Address
5601 N MacArthur Boulevard, Irving, TX, USA, 75038
Darling Ingredients Inc develops and manufactures sustainable ingredients for customers in the pharmaceutical, food, pet food, fuel, and fertilizer industries. It collects and transforms all aspects of animal by-product streams into ingredients, including gelatin, fats, proteins, pet food ingredients, fertilizers, and other specialty products. Also, the company recovers and converts used cooking oil and bakery remnants into feed and fuel ingredients. Darling has three primary business segments: feed ingredients (the majority of revenue), food ingredients, and fuel ingredients. It provides grease trap services for food businesses and sells various equipment for collecting and delivering cooking oil. The company derives the majority of its revenue from customers in North America.

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