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Ivanhoe Mines (TSX:IVN) E10 : C$0.21 (As of Mar. 2024)


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What is Ivanhoe Mines E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Ivanhoe Mines's adjusted earnings per share data for the three months ended in Mar. 2024 was C$-0.068. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$0.21 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ivanhoe Mines's average E10 Growth Rate was 110.00% 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 E10 growth rate using E10 data.

As of today (2024-06-09), Ivanhoe Mines's current stock price is C$18.01. Ivanhoe Mines's E10 for the quarter that ended in Mar. 2024 was C$0.21. Ivanhoe Mines's Shiller PE Ratio of today is 85.76.

During the past 13 years, the highest Shiller PE Ratio of Ivanhoe Mines was 2138.14. The lowest was 0.00. And the median was 0.00.


Ivanhoe Mines E10 Historical Data

The historical data trend for Ivanhoe Mines's E10 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.

Ivanhoe Mines E10 Chart

Ivanhoe Mines Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -0.06 0.01 0.08 0.20

Ivanhoe Mines Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
E10 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 0.10 0.12 0.14 0.20 0.21

Competitive Comparison of Ivanhoe Mines's E10

For the Other Industrial Metals & Mining subindustry, Ivanhoe Mines's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


Ivanhoe Mines's Shiller PE Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ivanhoe Mines's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Ivanhoe Mines's Shiller PE Ratio falls into.



Ivanhoe Mines E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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, Ivanhoe Mines's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.068/126.2576*126.2576
=-0.068

Current CPI (Mar. 2024) = 126.2576.

Ivanhoe Mines Quarterly Data

per share eps CPI Adj_EPS
201406 -0.227 99.473 -0.288
201409 -0.033 99.394 -0.042
201412 -0.046 98.367 -0.059
201503 -0.025 99.789 -0.032
201506 -0.012 100.500 -0.015
201509 -0.013 100.421 -0.016
201512 1.330 99.947 1.680
201603 -0.013 101.054 -0.016
201606 -0.013 102.002 -0.016
201609 -0.013 101.765 -0.016
201612 -0.027 101.449 -0.034
201703 -0.013 102.634 -0.016
201706 -0.013 103.029 -0.016
201709 -0.012 103.345 -0.015
201712 0.306 103.345 0.374
201803 -0.013 105.004 -0.016
201806 -0.013 105.557 -0.016
201809 -0.002 105.636 -0.002
201812 0.067 105.399 0.080
201903 0.013 106.979 0.015
201906 0.005 107.690 0.006
201909 0.004 107.611 0.005
201912 0.013 107.769 0.015
202003 -0.014 107.927 -0.016
202006 -0.005 108.401 -0.006
202009 -0.001 108.164 -0.001
202012 -0.013 108.559 -0.015
202103 0.025 110.298 0.029
202106 -0.110 111.720 -0.124
202109 0.089 112.905 0.100
202112 0.051 113.774 0.057
202203 0.025 117.646 0.027
202206 0.141 120.806 0.147
202209 0.027 120.648 0.028
202212 0.054 120.964 0.056
202303 0.096 122.702 0.099
202306 0.093 124.203 0.095
202309 0.108 125.230 0.109
202312 0.027 125.072 0.027
202403 -0.068 126.258 -0.068

Add all the adjusted EPS together and divide 10 will get our e10.


Ivanhoe Mines  (TSX:IVN) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Ivanhoe Mines's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=18.01/0.21
=85.76

* 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 Shiller P/E Ratio of Ivanhoe Mines was 2138.14. The lowest was 0.00. And the median was 0.00.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Ivanhoe Mines E10 Related Terms

Thank you for viewing the detailed overview of Ivanhoe Mines's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Ivanhoe Mines (TSX:IVN) Business Description

Traded in Other Exchanges
Address
999 Canada Place, Suite 606, Vancouver, BC, CAN, V6C 3E1
Ivanhoe Mines Ltd is a diversified mining company focused on advancing its three principal projects in Southern Africa; the expansion of the Kamoa-Kakula Copper Complex in the DRC, the construction of the tier-one Platreef palladium-rhodium-platinum-nickel-copper-gold project in South Africa; and the restart of the historic ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC. It is also exploring for new copper discoveries across its circa 2,400km2 of 90-100% owned exploration licences in the Western Foreland, located adjacent to the Kamoa-Kakula Copper Complex.
Executives
Stephen Ralph Amos Senior Officer

Ivanhoe Mines (TSX:IVN) Headlines

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