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Movida Participacoes (BSP:MOVI3) E10 : R$0.67 (As of Dec. 2023)


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What is Movida Participacoes 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.

Movida Participacoes's adjusted earnings per share data for the three months ended in Dec. 2023 was R$-1.650. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$0.67 for the trailing ten years ended in Dec. 2023.

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), Movida Participacoes's current stock price is R$6.39. Movida Participacoes's E10 for the quarter that ended in Dec. 2023 was R$0.67. Movida Participacoes's Shiller PE Ratio of today is 9.54.

During the past 10 years, the highest Shiller PE Ratio of Movida Participacoes was 16.90. The lowest was 9.54. And the median was 12.31.


Movida Participacoes E10 Historical Data

The historical data trend for Movida Participacoes'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.

Movida Participacoes E10 Chart

Movida Participacoes 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 - - - - 0.67

Movida Participacoes 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 - - - 0.67 -

Competitive Comparison of Movida Participacoes's E10

For the Rental & Leasing Services subindustry, Movida Participacoes'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.


Movida Participacoes's Shiller PE Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Movida Participacoes's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Movida Participacoes's Shiller PE Ratio falls into.



Movida Participacoes 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, Movida Participacoes's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-1.65/157.1481*157.1481
=-1.650

Current CPI (Dec. 2023) = 157.1481.

Movida Participacoes Quarterly Data

per share eps CPI Adj_EPS
0.000 0.000
201403 0.000 90.447 0.000
201406 0.000 91.838 0.000
201412 0.008 94.194 0.013
201503 0.038 97.799 0.061
201506 0.020 100.006 0.031
201509 0.019 101.392 0.029
201512 0.028 104.247 0.042
201603 0.023 106.979 0.034
201606 0.019 108.851 0.027
201609 0.019 109.986 0.027
201612 0.000 110.802 0.000
201703 0.136 111.869 0.191
201706 0.052 112.115 0.073
201709 0.068 112.777 0.095
201712 0.092 114.068 0.127
201803 0.124 114.868 0.170
201806 0.185 117.038 0.248
201809 0.156 117.881 0.208
201812 0.220 118.340 0.292
201903 0.160 120.124 0.209
201906 0.156 120.977 0.203
201909 0.202 121.292 0.262
201912 0.290 123.436 0.369
202003 -0.484 124.092 -0.613
202006 0.009 123.557 0.011
202009 0.125 125.095 0.157
202012 0.617 129.012 0.752
202103 0.365 131.660 0.436
202106 0.584 133.871 0.686
202109 0.718 137.913 0.818
202112 0.789 141.992 0.873
202203 0.713 146.537 0.765
202206 0.516 149.784 0.541
202209 0.259 147.800 0.275
202212 0.049 150.207 0.051
202303 0.058 153.352 0.059
202306 -0.050 154.519 -0.051
202309 -0.183 155.464 -0.185
202312 -1.650 157.148 -1.650

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


Movida Participacoes  (BSP:MOVI3) 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.

Movida Participacoes's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=6.39/0.67
=9.54

* 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 10 years, the highest Shiller P/E Ratio of Movida Participacoes was 16.90. The lowest was 9.54. And the median was 12.31.


Be Aware

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


Movida Participacoes E10 Related Terms

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


Movida Participacoes (BSP:MOVI3) Business Description

Traded in Other Exchanges
N/A
Address
Renato Paes de Barros street, 9th floor, Sao Paulo, SP, BRA, 04530-001
Movida Participacoes SA through its subsidiaries is engaged in car rental activities in Brazil. The business activities of the group function through Rent a Car (RAC) and light vehicle fleet management and outsourcing segments. The Rent a car segment is responsible for car rental in stores located inside and outside airports, and Fleet Management and Outsourcing segment provides car rental services signed through long-term contracts with corporate clients. In addition, the group is also involved in the sale of used cars. Geographically activities are carried out in Brazil and the company derives revenue from rental activities.

Movida Participacoes (BSP:MOVI3) Headlines

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