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Arctic Paper (CHIX:ARPS) E10 : kr5.68 (As of Mar. 2024)


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What is Arctic Paper 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.

Arctic Paper's adjusted earnings per share data for the three months ended in Mar. 2024 was kr3.288. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr5.68 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Arctic Paper's average E10 Growth Rate was 37.60% per year. During the past 3 years, the average E10 Growth Rate was 498.10% 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 Arctic Paper was 498.10% per year. The lowest was 157.10% per year. And the median was 327.60% per year.

As of today (2024-05-28), Arctic Paper's current stock price is kr52.50. Arctic Paper's E10 for the quarter that ended in Mar. 2024 was kr5.68. Arctic Paper's Shiller PE Ratio of today is 9.24.

During the past 13 years, the highest Shiller PE Ratio of Arctic Paper was 710.00. The lowest was 7.34. And the median was 34.19.


Arctic Paper E10 Historical Data

The historical data trend for Arctic Paper'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.

Arctic Paper E10 Chart

Arctic Paper 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 - - - 3.47 5.03

Arctic Paper 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 4.42 5.35 6.92 5.03 5.68

Competitive Comparison of Arctic Paper's E10

For the Paper & Paper Products subindustry, Arctic Paper'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.


Arctic Paper's Shiller PE Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Arctic Paper's Shiller PE Ratio distribution charts can be found below:

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



Arctic Paper 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, Arctic Paper'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)
=3.288/149.0435*149.0435
=3.288

Current CPI (Mar. 2024) = 149.0435.

Arctic Paper Quarterly Data

per share eps CPI Adj_EPS
201406 0.332 101.180 0.489
201409 1.022 100.611 1.514
201412 0.442 100.122 0.658
201503 -0.138 100.041 -0.206
201506 -0.138 100.448 -0.205
201509 0.028 99.634 0.042
201512 -2.570 99.471 -3.851
201603 0.332 98.983 0.500
201606 0.055 99.552 0.082
201609 0.967 99.064 1.455
201612 0.525 100.366 0.780
201703 1.050 101.018 1.549
201706 0.221 101.180 0.326
201709 0.774 101.343 1.138
201712 -0.580 102.564 -0.843
201803 0.636 102.564 0.924
201806 0.166 103.378 0.239
201809 1.022 103.378 1.473
201812 -1.520 103.785 -2.183
201903 0.580 104.274 0.829
201906 1.271 105.983 1.787
201909 1.050 105.983 1.477
201912 0.414 107.123 0.576
202003 2.183 109.076 2.983
202006 0.414 109.402 0.564
202009 1.768 109.320 2.410
202012 0.028 109.565 0.038
202103 1.161 112.658 1.536
202106 0.746 113.960 0.976
202109 1.464 115.588 1.888
202112 1.713 119.088 2.144
202203 4.808 125.031 5.731
202206 8.621 131.705 9.756
202209 8.842 135.531 9.724
202212 2.901 139.113 3.108
202303 4.310 145.950 4.401
202306 1.575 147.009 1.597
202309 2.045 146.113 2.086
202312 1.934 147.741 1.951
202403 3.288 149.044 3.288

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


Arctic Paper  (CHIX:ARPs) 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.

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

Shiller PE Ratio=Share Price/E10
=52.50/5.68
=9.24

* 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 Arctic Paper was 710.00. The lowest was 7.34. And the median was 34.19.


Be Aware

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


Arctic Paper E10 Related Terms

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


Arctic Paper (CHIX:ARPS) Business Description

Traded in Other Exchanges
Address
UL. Fabryczna 1, Kostrzyn nad Odra, Lubuskie, POL, 66470
Arctic Paper SA is a holding company in Poland. The company produces a volume of bulky book paper and produces high-quality graphic paper in Europe. The group produces numerous types of uncoated and coated wood-free paper as well as wood-containing uncoated paper for printing houses, paper distributors, book and magazine publishing houses and the advertising industry. The company operates solely in the segment of high-quality graphic papers which is split into three core segments: Uncoated paper, Pulp, coated papers, and Other. Majority of revenue is generated from Uncoated segment.

Arctic Paper (CHIX:ARPS) Headlines

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