China Datang Renewable Power Co (HKSE:01798) Cyclically Adjusted PS Ratio : 1.49 (As of Jun. 07, 2024)

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What is China Datang Renewable Power Co Cyclically Adjusted PS Ratio?

As of today (2024-06-07), China Datang Renewable Power Co's current share price is HK$2.16. China Datang Renewable Power Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was HK$1.45. China Datang Renewable Power Co's Cyclically Adjusted PS Ratio for today is 1.49.

The historical rank and industry rank for China Datang Renewable Power Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

HKSE:01798' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.08 Med: 1.82 Max: 2.25
Current: 1.49

During the past 13 years, China Datang Renewable Power Co's highest Cyclically Adjusted PS Ratio was 2.25. The lowest was 1.08. And the median was 1.82.

HKSE:01798's Cyclically Adjusted PS Ratio is ranked better than
58.78% of 262 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.87 vs HKSE:01798: 1.49

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.

China Datang Renewable Power Co's adjusted revenue per share data of for the fiscal year that ended in Dec23 was HK$1.925. 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$1.45 for the trailing ten years ended in Dec23.

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China Datang Renewable Power Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for China Datang Renewable Power Co'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.

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China Datang Renewable Power Co Cyclically Adjusted PS Ratio Chart

China Datang Renewable Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PS Ratio

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0.77

1.09

2.86

1.68

1.24

China Datang Renewable Power Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Cyclically Adjusted PS Ratio	Get a 7-Day Free Trial															1.68	-	-	1.24	-

Competitive Comparison of China Datang Renewable Power Co's Cyclically Adjusted PS Ratio

For the Utilities - Renewable subindustry, China Datang Renewable Power Co'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.

China Datang Renewable Power Co's Cyclically Adjusted PS Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Datang Renewable Power Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where China Datang Renewable Power Co's Cyclically Adjusted PS Ratio falls into.

China Datang Renewable Power Co 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.

China Datang Renewable Power Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	2.16	/	1.45
	=	1.49

China Datang Renewable Power Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, China Datang Renewable Power Co'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)
	=	1.925	/	114.7809	*	114.7809
	=	1.925

Current CPI (Dec23) = 114.7809.

China Datang Renewable Power Co Annual Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201412	0.893	99.000	1.035
201512	0.923	100.600	1.053
201612	0.892	102.600	0.998
201712	1.157	104.500	1.271
201812	1.299	106.500	1.400
201912	1.274	111.200	1.315
202012	1.527	111.500	1.572
202112	1.998	113.108	2.028
202212	1.919	115.116	1.913
202312	1.925	114.781	1.925

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.

China Datang Renewable Power Co (HKSE:01798) 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.

China Datang Renewable Power Co Cyclically Adjusted PS Ratio Related Terms

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China Datang Renewable Power Co (HKSE:01798) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Datang Corp Renewable Power Co Ltd (HKSE:01798) » Definitions » Cyclically Adjusted PS Ratio

Traded in Other Exchanges

DT7:Germany

Address

No. 1 Caishikou Street, 8/F, Building 1, Xicheng District, Beijing, CHN, 100053

Website

http://www.cdt-re.com

Datang Renewable is one of China's leading wind power operators, with installed wind capacity of 12.7 gigawatts as of the end of 2022, representing 3.5% of the nationwide wind capacity. About 89.4% of the total installed capacity is wind power. The company also operates solar and gas-fired power plants on a smaller scale. China Datang Group is the major shareholder with a controlling stake of 65.61%.

Executives

Blackrock, Inc.	2201 Interest of corporation controlled by you
Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si	2102 Investment manager
Alliancebernstein L.p.	2201 Interest of corporation controlled by you
Bao-trans Enterprises Limited	2101 Beneficial owner
Bao Shan Gang Tie Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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