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Ledesma (BUE:LEDE) E10 : ARS17.25 (As of Feb. 2024)


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What is Ledesma 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.

Ledesma's adjusted earnings per share data for the three months ended in Feb. 2024 was ARS44.260. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS17.25 for the trailing ten years ended in Feb. 2024.

During the past 12 months, Ledesma's average E10 Growth Rate was 96.00% per year. During the past 3 years, the average E10 Growth Rate was 446.30% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Ledesma was 446.30% per year. The lowest was 68.80% per year. And the median was 257.55% per year.

As of today (2024-06-06), Ledesma's current stock price is ARS1126.00. Ledesma's E10 for the quarter that ended in Feb. 2024 was ARS17.25. Ledesma's Shiller PE Ratio of today is 65.28.

During the past 13 years, the highest Shiller PE Ratio of Ledesma was 647.00. The lowest was 10.87. And the median was 32.36.


Ledesma E10 Historical Data

The historical data trend for Ledesma'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.

Ledesma E10 Chart

Ledesma Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.88 0.04 1.49 4.23 6.52

Ledesma Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 8.80 6.52 7.00 12.71 17.25

Competitive Comparison of Ledesma's E10

For the Conglomerates subindustry, Ledesma'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.


Ledesma's Shiller PE Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Ledesma's Shiller PE Ratio distribution charts can be found below:

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



Ledesma 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, Ledesma's adjusted earnings per share data for the three months ended in Feb. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=44.26/130.9299*130.9299
=44.260

Current CPI (Feb. 2024) = 130.9299.

Ledesma Quarterly Data

per share eps CPI Adj_EPS
201405 0.220 100.373 0.287
201408 0.080 100.352 0.104
201411 0.030 99.635 0.039
201502 -0.020 99.032 -0.026
201505 0.070 100.333 0.091
201508 0.050 100.548 0.065
201511 0.020 100.135 0.026
201602 0.120 100.040 0.157
201605 -0.310 101.355 -0.400
201608 -0.110 101.617 -0.142
201611 -0.080 101.829 -0.103
201702 -0.060 102.779 -0.076
201705 -0.100 103.256 -0.127
201708 -0.450 103.587 -0.569
201711 0.370 104.072 0.465
201802 -0.780 105.052 -0.972
201805 0.770 106.148 0.950
201808 -3.560 106.383 -4.381
201811 0.250 106.338 0.308
201902 0.570 106.649 0.700
201905 -1.410 108.048 -1.709
201908 -3.540 108.245 -4.282
201911 3.280 108.519 3.957
202002 0.890 109.139 1.068
202005 2.300 108.175 2.784
202008 0.420 109.662 0.501
202011 10.150 109.793 12.104
202102 4.260 110.968 5.026
202105 -0.150 113.576 -0.173
202108 3.030 115.421 3.437
202111 -1.890 117.269 -2.110
202202 7.660 119.703 8.378
202205 17.758 123.323 18.853
202208 2.130 124.958 2.232
202211 8.990 125.607 9.371
202302 33.500 126.928 34.556
202305 -23.620 128.314 -24.101
202308 4.180 129.538 4.225
202311 57.150 129.548 57.760
202402 44.260 130.930 44.260

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


Ledesma  (BUE:LEDE) 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.

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

Shiller PE Ratio=Share Price/E10
=1126.00/17.25
=65.28

* 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 Ledesma was 647.00. The lowest was 10.87. And the median was 32.36.


Be Aware

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


Ledesma E10 Related Terms

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


Ledesma (BUE:LEDE) Business Description

Traded in Other Exchanges
N/A
Address
Avenida Corrientes 415, 8th Floor, Capital Federal, Buenos Aires, ARG
Ledesma SA is engaged in the production of sugar, paper, alcohol, bioethanol, energy, natural juices, meat, syrups, corn starches and cereals. The company also produces notebooks and other school supplies. The geographical scope of the Ledesma Group's operations is mainly in the Argentine Republic. It mainly carry out activities mainly of sugar sugar mill, alcohol distillery both hydrated intended for traditional uses and anhydrous, for bio-fuels, manufacturing of paper and stationery, production of fruits and juices and Agriculture and Livestock. It is one of the main players in the local markets for the production and marketing of sugar, alcohol, reams of paper, notebooks, coated papers and school supplies, and is the main exporter of oranges and grapefruits in the country.

Ledesma (BUE:LEDE) Headlines

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