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Holcim (Argentina) (BUE:HARG) E10 : ARS38.35 (As of Mar. 2024)


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What is Holcim (Argentina) 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.

Holcim (Argentina)'s adjusted earnings per share data for the three months ended in Mar. 2024 was ARS30.310. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS38.35 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Holcim (Argentina)'s average E10 Growth Rate was 68.00% 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 (2024-06-08), Holcim (Argentina)'s current stock price is ARS1562.00. Holcim (Argentina)'s E10 for the quarter that ended in Mar. 2024 was ARS38.35. Holcim (Argentina)'s Shiller PE Ratio of today is 40.73.

During the past 13 years, the highest Shiller PE Ratio of Holcim (Argentina) was 48.03. The lowest was 2.71. And the median was 16.45.


Holcim (Argentina) E10 Historical Data

The historical data trend for Holcim (Argentina)'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.

Holcim (Argentina) E10 Chart

Holcim (Argentina) 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 - - 7.77 18.73 34.61

Holcim (Argentina) 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 22.83 24.55 29.98 34.61 38.35

Competitive Comparison of Holcim (Argentina)'s E10

For the Building Materials subindustry, Holcim (Argentina)'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.


Holcim (Argentina)'s Shiller PE Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Holcim (Argentina)'s Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Holcim (Argentina)'s Shiller PE Ratio falls into.



Holcim (Argentina) 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, Holcim (Argentina)'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)
=30.31/131.7762*131.7762
=30.310

Current CPI (Mar. 2024) = 131.7762.

Holcim (Argentina) Quarterly Data

per share eps CPI Adj_EPS
201312 0.200 98.326 0.268
201403 -0.040 99.695 -0.053
201406 0.090 100.560 0.118
201412 0.170 99.070 0.226
201503 0.150 99.621 0.198
201506 0.170 100.684 0.222
201512 0.000 99.792 0.000
201603 -0.070 100.470 -0.092
201606 0.180 101.688 0.233
201609 0.410 101.861 0.530
201612 0.590 101.863 0.763
201703 0.570 102.862 0.730
201706 0.550 103.349 0.701
201709 0.940 104.136 1.190
201712 3.460 104.011 4.384
201803 0.920 105.290 1.151
201806 1.640 106.317 2.033
201809 1.270 106.507 1.571
201812 2.480 105.998 3.083
201903 3.780 107.251 4.644
201906 1.000 108.070 1.219
201909 1.330 108.329 1.618
201912 3.680 108.420 4.473
202003 0.010 108.902 0.012
202006 0.070 108.767 0.085
202009 4.870 109.815 5.844
202012 7.250 109.897 8.693
202103 7.880 111.754 9.292
202106 1.650 114.631 1.897
202109 8.100 115.734 9.223
202112 17.650 117.630 19.773
202203 12.090 121.301 13.134
202206 8.640 125.017 9.107
202209 30.500 125.227 32.095
202212 51.090 125.222 53.764
202303 36.990 127.348 38.276
202306 14.150 128.729 14.485
202309 50.700 129.860 51.448
202312 46.380 129.419 47.225
202403 30.310 131.776 30.310

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


Holcim (Argentina)  (BUE:HARG) 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.

Holcim (Argentina)'s Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1562.00/38.35
=40.73

* 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 Holcim (Argentina) was 48.03. The lowest was 2.71. And the median was 16.45.


Be Aware

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


Holcim (Argentina) E10 Related Terms

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


Holcim (Argentina) (BUE:HARG) Business Description

Traded in Other Exchanges
N/A
Address
Piso 1, Avenida Alicia Moreau de Justo 140, Buenos Aires, ARG
Holcim (Argentina) SA manufactures construction and building materials. It produces and markets cement, concrete and aggregates. Some of its products are Portland cement and other related building materials. It also produces stone products.

Holcim (Argentina) (BUE:HARG) Headlines

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