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Credicorp (Credicorp) Cyclically Adjusted Revenue per Share : $56.34 (As of Sep. 2023)


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What is Credicorp 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.

Credicorp's adjusted revenue per share for the three months ended in Sep. 2023 was $16.545. 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 $56.34 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Credicorp's average Cyclically Adjusted Revenue Growth Rate was 11.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 11.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 10.50% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 11.70% 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 Credicorp was 13.50% per year. The lowest was 8.90% per year. And the median was 11.30% per year.

As of today (2024-04-27), Credicorp's current stock price is $167.06. Credicorp's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was $56.34. Credicorp's Cyclically Adjusted PS Ratio of today is 2.97.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Credicorp was 8.48. The lowest was 2.14. And the median was 5.65.


Credicorp Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Credicorp'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.

Credicorp Cyclically Adjusted Revenue per Share Chart

Credicorp 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 37.77 40.55 45.92 52.05 -

Credicorp Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 52.05 53.68 55.13 56.34 -

Competitive Comparison of Credicorp's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, Credicorp'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.


Credicorp's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Credicorp's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Credicorp 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, Credicorp's adjusted Revenue per Share data for the three months ended in Sep. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=16.545/129.8595*129.8595
=16.545

Current CPI (Sep. 2023) = 129.8595.

Credicorp Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 7.391 98.326 9.761
201403 7.998 99.695 10.418
201406 8.702 100.560 11.237
201409 9.041 100.428 11.691
201412 8.994 99.070 11.789
201503 9.555 99.621 12.455
201506 9.677 100.684 12.481
201509 9.821 100.392 12.704
201512 10.382 99.792 13.510
201603 10.001 100.470 12.926
201606 10.506 101.688 13.417
201609 10.625 101.861 13.545
201612 10.762 101.863 13.720
201703 10.767 102.862 13.593
201706 10.685 103.349 13.426
201709 11.693 104.136 14.581
201712 11.747 104.011 14.666
201803 11.143 105.290 13.743
201806 11.003 106.317 13.439
201809 11.452 106.507 13.963
201812 11.568 105.998 14.172
201903 11.880 107.251 14.384
201906 12.108 108.070 14.549
201909 12.487 108.329 14.969
201912 12.786 108.420 15.314
202003 11.895 108.902 14.184
202006 10.588 108.767 12.641
202009 11.081 109.815 13.104
202012 11.753 109.897 13.888
202103 13.240 111.754 15.385
202106 11.478 114.631 13.003
202109 12.784 115.734 14.344
202112 13.253 117.630 14.631
202203 12.869 121.301 13.777
202206 13.354 125.017 13.871
202209 14.896 125.227 15.447
202212 23.231 125.222 24.091
202303 15.797 127.348 16.109
202306 16.396 128.729 16.540
202309 16.545 129.860 16.545

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


Credicorp  (NYSE:BAP) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=167.06/56.34
=2.97

* 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 PS Ratio of Credicorp was 8.48. The lowest was 2.14. And the median was 5.65.


Be Aware

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


Credicorp Cyclically Adjusted Revenue per Share Related Terms

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


Credicorp (Credicorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Credicorp Ltd (NYSE:BAP) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
Calle Centenario 156, La Molina, Lima, PER, 12
Credicorp Ltd is a financial services company in Peru. The company is involved mainly in commercial banking, providing trade finance, corporate finance, and leasing services. It also offers insurance for commercial property, transportation, automobile, life, health, and investment banking services: brokerage services, asset management, trust, custody and securitization services, trading and investment, and pension fund business. The company operates the following subsidiaries: Banco de Credito del Peru, Atlantic Security Bank, Prima AFP, El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros, Credicorp Capital, and BCP Bolivia.

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