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Acerinox (XMAD:ACX) Cyclically Adjusted Revenue per Share : €24.60 (As of Mar. 2024)


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What is Acerinox 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.

Acerinox's adjusted revenue per share for the three months ended in Mar. 2024 was €5.868. 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 €24.60 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Acerinox's average Cyclically Adjusted Revenue Growth Rate was 4.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 10.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.30% 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 Acerinox was 10.00% per year. The lowest was 0.60% per year. And the median was 5.20% per year.

As of today (2024-06-08), Acerinox's current stock price is €9.88. Acerinox's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €24.60. Acerinox's Cyclically Adjusted PS Ratio of today is 0.40.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Acerinox was 0.69. The lowest was 0.32. And the median was 0.47.


Acerinox Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Acerinox'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.

Acerinox Cyclically Adjusted Revenue per Share Chart

Acerinox 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 18.77 18.16 20.08 23.12 24.17

Acerinox 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 23.52 23.93 24.17 24.17 24.60

Competitive Comparison of Acerinox's Cyclically Adjusted Revenue per Share

For the Steel subindustry, Acerinox'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.


Acerinox's Cyclically Adjusted PS Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Acerinox's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Acerinox 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, Acerinox'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)
=5.868/122.7621*122.7621
=5.868

Current CPI (Mar. 2024) = 122.7621.

Acerinox Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 4.457 101.081 5.413
201409 0.000 100.441 0.000
201412 0.000 100.251 0.000
201503 0.000 99.474 0.000
201506 0.000 101.138 0.000
201509 0.000 99.559 0.000
201512 0.000 100.268 0.000
201603 0.000 98.638 0.000
201606 0.000 100.333 0.000
201609 0.000 99.737 0.000
201612 0.000 101.842 0.000
201703 4.537 100.896 5.520
201706 4.315 101.848 5.201
201709 3.866 101.524 4.675
201712 4.042 102.975 4.819
201803 4.542 102.122 5.460
201806 4.832 104.165 5.695
201809 4.652 103.818 5.501
201812 4.961 104.193 5.845
201903 4.355 103.488 5.166
201906 4.447 104.612 5.219
201909 4.509 103.905 5.327
201912 4.040 105.015 4.723
202003 4.139 103.469 4.911
202006 4.334 104.254 5.103
202009 4.134 103.521 4.902
202012 4.502 104.456 5.291
202103 5.358 104.857 6.273
202106 5.988 107.102 6.864
202109 6.286 107.669 7.167
202112 7.150 111.298 7.886
202203 8.426 115.153 8.983
202206 9.759 118.044 10.149
202209 8.375 117.221 8.771
202212 6.759 117.650 7.053
202303 6.814 118.948 7.033
202306 6.984 120.278 7.128
202309 6.250 121.343 6.323
202312 6.135 121.300 6.209
202403 5.868 122.762 5.868

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


Acerinox  (XMAD:ACX) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=9.88/24.6
=0.40

* 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 Acerinox was 0.69. The lowest was 0.32. And the median was 0.47.


Be Aware

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


Acerinox Cyclically Adjusted Revenue per Share Related Terms

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


Acerinox (XMAD:ACX) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Acerinox SA (XMAD:ACX) » Definitions » Cyclically Adjusted Revenue per Share
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Address
Calle Santiago de Compostela, no. 100, Madrid, ESP, 28035
Acerinox SA is a Spain-based stainless steel maker engaged in the manufacture, processing, and marketing of stainless steel products and special alloys. The company operates in two segments; the Stainless steel segment which accounts for the majority of the company's revenue, includes both flat and long stainless steel products, and the High-performance alloys segment includes special alloys with high nickel content. This segment includes all the companies in the VDM Metals subgroup. Geographically the company operates in Spain, the Rest of Europe, America, Africa, Asia, and Others.

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