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Dream International (HKSE:01126) Cyclically Adjusted PS Ratio : 0.87 (As of Jun. 04, 2024)


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What is Dream International Cyclically Adjusted PS Ratio?

As of today (2024-06-04), Dream International's current share price is HK$4.95. Dream International's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was HK$5.69. Dream International's Cyclically Adjusted PS Ratio for today is 0.87.

The historical rank and industry rank for Dream International's Cyclically Adjusted PS Ratio or its related term are showing as below:

HKSE:01126' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.44   Med: 0.79   Max: 2.02
Current: 0.87

During the past 13 years, Dream International's highest Cyclically Adjusted PS Ratio was 2.02. The lowest was 0.44. And the median was 0.79.

HKSE:01126's Cyclically Adjusted PS Ratio is ranked better than
68.39% of 639 companies
in the Travel & Leisure industry
Industry Median: 1.45 vs HKSE:01126: 0.87

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.

Dream International's adjusted revenue per share data of for the fiscal year that ended in Dec23 was HK$7.908. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is HK$5.69 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dream International Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Dream International's Cyclically Adjusted PS Ratio 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.

Dream International Cyclically Adjusted PS Ratio Chart

Dream International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.06 0.76 0.66 0.55 0.69

Dream International Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cyclically Adjusted PS Ratio 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 0.66 - 0.55 - 0.69

Competitive Comparison of Dream International's Cyclically Adjusted PS Ratio

For the Leisure subindustry, Dream International'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.


Dream International's Cyclically Adjusted PS Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Dream International's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Dream International Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Dream International's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.95/5.69
=0.87

* 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.

Dream International's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Dream International's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=7.908/117.2957*117.2957
=7.908

Current CPI (Dec23) = 117.2957.

Dream International Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 2.419 99.707 2.846
201512 2.681 102.015 3.083
201612 3.178 103.225 3.611
201712 4.279 104.984 4.781
201812 5.121 107.622 5.581
201912 5.870 110.700 6.220
202012 5.584 109.711 5.970
202112 7.091 112.349 7.403
202212 9.238 114.548 9.460
202312 7.908 117.296 7.908

Add all the adjusted revenue per share together and divide 10 will get our 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.


Dream International  (HKSE:01126) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Dream International Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Dream International's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Dream International (HKSE:01126) Business Description

Traded in Other Exchanges
N/A
Address
75 Mody Road, 6th Floor, Tower 1, South Seas Centre, Tsim Sha Tsui, Kowloon, HKG
Dream International Ltd is a Hong Kong-based company engaged in the design, development, manufacturing, and sale of toys. It operates in four segments: Plush stuffed toys, Plastic figures, Die-casting products, and Tarpaulin. The majority is from the Plastic figures segment, which is involved in the design, development, manufacture, and sale of plastic figures. These products are manufactured in the Group's manufacturing facilities located mainly in the PRC and Vietnam. The company's geographical segments are Hong Kong, North America, Japan, Europe, The PRC, Vietnam, Korea, and Other countries, of which prime revenue is derived from North America.
Executives
Fil Limited 2201 Interest of corporation controlled by you
Pandanus Associates Inc. 2201 Interest of corporation controlled by you
Pandanus Partners L.p. 2201 Interest of corporation controlled by you
Fidelity Funds 2101 Beneficial owner
Brown Brothers Harriman & Co. 2502 Approved lending agent
Choi Kyoo Yoon 2101 Beneficial owner

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