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In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
Xtera Communications does not have enough data to calculate Owner Earnings per Share (TTM), so as Price-to-Owner-Earnings ratio.
The historical rank and industry rank for Xtera Communications's Owner Earnings per Share (TTM) or its related term are showing as below:
Xtera Communications's Earnings per Share (Diluted) for the three months ended in Jun. 2016 was $-1.37. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2016 was $-3.04. It's PE Ratio ratio for today is At Loss.
Xtera Communications's EPS without NRI for the three months ended in Jun. 2016 was $-1.33. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2016 was $-2.75. It's PE Ratio without NRI ratio for today is At Loss.
The historical data trend for Xtera Communications's Owner Earnings per Share (TTM) 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.
Xtera Communications Annual Data | |||||||
Trend | Sep13 | Sep14 | Sep15 | ||||
Owner Earnings per Share (TTM) | - | - | - |
Xtera Communications Quarterly Data | ||||||||||
Sep13 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | |
Owner Earnings per Share (TTM) | Get a 7-Day Free Trial | - | - | - | - | - |
For the Communication Equipment subindustry, Xtera Communications's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings 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.
For the Hardware industry and Technology sector, Xtera Communications's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Xtera Communications's Price-to-Owner-Earnings falls into.
In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
To make it simple, then you will have:
Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)
Xtera Communications does not have enough data to calculate Owner Earnings per Share (TTM). Please check Wal-Mart Stores Inc, as your reference.
Be Aware
Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.
Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.
Thank you for viewing the detailed overview of Xtera Communications's Owner Earnings per Share (TTM) provided by GuruFocus.com. Please click on the following links to see related term pages.
Arch Venture Partners Vi Llc | 10 percent owner | C/O ARCH VENTURE PARTNERS, 8725 W. HIGGINS RD. #290, CHICAGO IL 60631 |
Keith Crandell | 10 percent owner | 8755 W. HIGGINS ROAD, SUITE 1025, CHICAGO IL 60631 |
Robert Nelsen | 10 percent owner | 8755 W. HIGGINS ROAD, SUITE 1025, CHICAGO IL 60631 |
Clinton Bybee | director, 10 percent owner | 8755 W. HIGGINS ROAD, SUITE 1025, CHICAGO IL 60631 |
Arch Venture Partners Vi Lp | 10 percent owner | C/O ARCH VENTURE PARTNERS, 8755 W. HIGGINS RD #1025, CHICAGO IL 60631 |
Arch Venture Fund Vi Lp | 10 percent owner | 8755 W HIGGINS RD, STE 1025, CHICAGO IL 60631 |
Peter J Barris | 10 percent owner | 1119 ST PAUL STREET, BALTIMORE MD 21202 |
New Enterprise Associates 9 L P | 10 percent owner | 1954 GREENSPRING DRIVE, SUITE 600, TIMONIUM MD 21093 |
Nea Partners 9 L P | 10 percent owner | 1119 ST PAUL STREET, BALTIMORE MD 21202 |
Wellcome Trust Ltd | 10 percent owner | 215 EUSTON ROAD LONDON X0 NW1 2BE |
John Mclaren | director | 4300 WILSON BOULEVARD, ARLINGTON VA 22203 |
Barry A Fromberg | director | DEAN FOODS COMPANY, 2515 MCKINNEY AVENUE, SUITE 1200, DALLAS TX 75201 |
Clifford H Higgerson | director | 525 UNIVERSITY AVENUE, SUITE 600, PALO ALTO CA 94301 |
Joseph R Chinnici | officer: EVP, CFO, Secretary | 1201 WINTERSON ROAD, LINTHICUM MD 21090 |
Kevin J Martin | director | ONE RIVERFRONT PLAZA, CORNING NY 14831 |
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