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Manila Water Co (PHS:MWC) Cyclically Adjusted Revenue per Share : ₱9.76 (As of Mar. 2024)


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What is Manila Water Co 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.

Manila Water Co's adjusted revenue per share for the three months ended in Mar. 2024 was ₱3.400. 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 ₱9.76 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Manila Water Co's average Cyclically Adjusted Revenue Growth Rate was 6.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.70% 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 Manila Water Co was 7.20% per year. The lowest was 6.00% per year. And the median was 6.40% per year.

As of today (2024-06-10), Manila Water Co's current stock price is ₱26.85. Manila Water Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₱9.76. Manila Water Co's Cyclically Adjusted PS Ratio of today is 2.75.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Manila Water Co was 4.91. The lowest was 1.03. And the median was 2.20.


Manila Water Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Manila Water Co'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.

Manila Water Co Cyclically Adjusted Revenue per Share Chart

Manila Water Co 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 7.39 7.84 8.40 8.91 9.44

Manila Water Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 9.13 9.24 9.39 9.44 9.76

Competitive Comparison of Manila Water Co's Cyclically Adjusted Revenue per Share

For the Utilities - Regulated Water subindustry, Manila Water 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.


Manila Water Co's Cyclically Adjusted PS Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Manila Water Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Manila Water Co 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, Manila Water Co's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=3.4/131.7762*131.7762
=3.400

Current CPI (Mar. 2024) = 131.7762.

Manila Water Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.594 100.560 2.089
201409 1.536 100.428 2.015
201412 1.796 99.070 2.389
201503 1.443 99.621 1.909
201506 1.650 100.684 2.160
201509 1.579 100.392 2.073
201512 1.909 99.792 2.521
201603 1.776 100.470 2.329
201606 1.757 101.688 2.277
201609 1.502 101.861 1.943
201612 2.555 101.863 3.305
201703 1.963 102.862 2.515
201706 1.795 103.349 2.289
201709 2.328 104.136 2.946
201712 2.703 104.011 3.425
201803 1.742 105.290 2.180
201806 1.945 106.317 2.411
201809 1.880 106.507 2.326
201812 2.343 105.998 2.913
201903 1.789 107.251 2.198
201906 2.066 108.070 2.519
201909 2.110 108.329 2.567
201912 2.842 108.420 3.454
202003 2.621 108.902 3.172
202006 1.998 108.767 2.421
202009 2.023 109.815 2.428
202012 2.361 109.897 2.831
202103 1.682 111.754 1.983
202106 1.723 114.631 1.981
202109 1.351 115.734 1.538
202112 1.822 117.630 2.041
202203 1.781 121.301 1.935
202206 1.758 125.017 1.853
202209 2.350 125.227 2.473
202212 2.135 125.222 2.247
202303 2.562 127.348 2.651
202306 2.174 128.729 2.225
202309 2.696 129.860 2.736
202312 2.917 129.419 2.970
202403 3.400 131.776 3.400

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


Manila Water Co  (PHS:MWC) 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.

Manila Water Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=26.85/9.76
=2.75

* 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 Manila Water Co was 4.91. The lowest was 1.03. And the median was 2.20.


Be Aware

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


Manila Water Co Cyclically Adjusted Revenue per Share Related Terms

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


Manila Water Co (PHS:MWC) Business Description

Industry
Traded in Other Exchanges
Address
489 Katipunan Road, 2nd Floor, MWSS Administration Building, Balara, Quezon, PHL, 1105
Manila Water Co Inc is a water and wastewater management company. Its operations can be divided among Metro Manila East Zone and Manila Water Philippine Ventures, which operate across municipalities in the Philippines, and Manila Water Asia Pacific, which operates in Vietnam, Myanmar, and Indonesia. The segments of the company consist of Manila Concession and Head Office, Domestic Subsidiaries, and Foreign Subsidiaries. The Manila Concession and Head Office generate maximum revenue for the company.

Manila Water Co (PHS:MWC) Headlines

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