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SFL (SFL) Cyclically Adjusted Revenue per Share : $4.89 (As of Dec. 2023)


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What is SFL 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.

SFL's adjusted revenue per share for the three months ended in Dec. 2023 was $1.667. 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 $4.89 for the trailing ten years ended in Dec. 2023.

During the past 12 months, SFL's average Cyclically Adjusted Revenue Growth Rate was 8.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -1.60% 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 SFL was 7.30% per year. The lowest was -6.10% per year. And the median was -3.65% per year.

As of today (2024-04-27), SFL's current stock price is $13.24. SFL's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $4.89. SFL's Cyclically Adjusted PS Ratio of today is 2.71.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of SFL was 3.71. The lowest was 1.56. And the median was 2.98.


SFL Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for SFL'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.

SFL Cyclically Adjusted Revenue per Share Chart

SFL 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 3.98 3.96 4.20 4.51 4.89

SFL 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 4.51 4.65 4.73 4.84 4.89

Competitive Comparison of SFL's Cyclically Adjusted Revenue per Share

For the Marine Shipping subindustry, SFL'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.


SFL's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, SFL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



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

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.667/129.4194*129.4194
=1.667

Current CPI (Dec. 2023) = 129.4194.

SFL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.709 99.695 0.920
201406 0.782 100.560 1.006
201409 0.712 100.428 0.918
201412 0.949 99.070 1.240
201503 0.757 99.621 0.983
201506 0.985 100.684 1.266
201509 0.930 100.392 1.199
201512 1.219 99.792 1.581
201603 0.968 100.470 1.247
201606 1.112 101.688 1.415
201609 0.770 101.861 0.978
201612 1.046 101.863 1.329
201703 0.816 102.862 1.027
201706 1.008 103.349 1.262
201709 0.648 104.136 0.805
201712 0.944 104.011 1.175
201803 0.879 105.290 1.080
201806 0.922 106.317 1.122
201809 0.759 106.507 0.922
201812 1.102 105.998 1.346
201903 1.083 107.251 1.307
201906 1.031 108.070 1.235
201909 1.036 108.329 1.238
201912 1.114 108.420 1.330
202003 1.133 108.902 1.346
202006 1.098 108.767 1.306
202009 1.061 109.815 1.250
202012 0.990 109.897 1.166
202103 0.938 111.754 1.086
202106 0.925 114.631 1.044
202109 0.868 115.734 0.971
202112 1.199 117.630 1.319
202203 1.560 121.301 1.664
202206 1.209 125.017 1.252
202209 1.214 125.227 1.255
202212 1.439 125.222 1.487
202303 1.366 127.348 1.388
202306 1.293 128.729 1.300
202309 1.461 129.860 1.456
202312 1.667 129.419 1.667

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


SFL  (NYSE:SFL) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=13.24/4.89
=2.71

* 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 SFL was 3.71. The lowest was 1.56. And the median was 2.98.


Be Aware

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


SFL Cyclically Adjusted Revenue per Share Related Terms

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


SFL (SFL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SFL Corp Ltd (NYSE:SFL) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
14 Par-la-Ville Road, Par-la-Ville Place, P.O. Box HM 1593, Hamilton, BMU, HM 08
SFL Corp Ltd is an international ship owning and chartering company. The company is engaged primarily in the ownership and operation of vessels and offshore related assets and is also involved in the charter, purchase, and sale of assets. Its oil tankers, chemical tankers, and oil product tankers are all double-hull vessels.

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