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Sinclair (FRA:HQ7) E10 : €0.92 (As of Mar. 2024)


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What is Sinclair 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.

Sinclair's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.322. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.92 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sinclair's average E10 Growth Rate was -42.70% 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 Sinclair was 61.60% per year. The lowest was -40.70% per year. And the median was 17.85% per year.

As of today (2024-06-08), Sinclair's current stock price is €11.50. Sinclair's E10 for the quarter that ended in Mar. 2024 was €0.92. Sinclair's Shiller PE Ratio of today is 12.50.

During the past 13 years, the highest Shiller PE Ratio of Sinclair was 111.33. The lowest was 5.26. And the median was 28.59.


Sinclair E10 Historical Data

The historical data trend for Sinclair'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.

Sinclair E10 Chart

Sinclair 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 1.98 -0.93 -1.61 1.38 1.13

Sinclair 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 1.56 1.73 1.99 1.13 0.92

Competitive Comparison of Sinclair's E10

For the Entertainment subindustry, Sinclair'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.


Sinclair's Shiller PE Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Sinclair's Shiller PE Ratio distribution charts can be found below:

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



Sinclair 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, Sinclair'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)
=0.322/131.7762*131.7762
=0.322

Current CPI (Mar. 2024) = 131.7762.

Sinclair Quarterly Data

per share eps CPI Adj_EPS
201406 0.309 100.560 0.405
201409 0.380 100.428 0.499
201412 0.795 99.070 1.057
201503 0.231 99.621 0.306
201506 0.428 100.684 0.560
201509 0.401 100.392 0.526
201512 0.560 99.792 0.739
201603 0.225 100.470 0.295
201606 0.463 101.688 0.600
201609 0.481 101.861 0.622
201612 1.251 101.863 1.618
201703 0.570 102.862 0.730
201706 0.383 103.349 0.488
201709 0.252 104.136 0.319
201712 3.650 104.011 4.624
201803 0.341 105.290 0.427
201806 0.231 106.317 0.286
201809 0.531 106.507 0.657
201812 1.846 105.998 2.295
201903 0.204 107.251 0.251
201906 0.398 108.070 0.485
201909 -0.590 108.329 -0.718
201912 0.423 108.420 0.514
202003 1.222 108.902 1.479
202006 2.771 108.767 3.357
202009 -36.957 109.815 -44.348
202012 5.154 109.897 6.180
202103 -0.134 111.754 -0.158
202106 -3.660 114.631 -4.207
202109 0.213 115.734 0.243
202112 -1.044 117.630 -1.170
202203 32.543 121.301 35.353
202206 -0.161 125.017 -0.170
202209 0.323 125.227 0.340
202212 0.746 125.222 0.785
202303 2.466 127.348 2.552
202306 -1.274 128.729 -1.304
202309 -0.693 129.860 -0.703
202312 -4.778 129.419 -4.865
202403 0.322 131.776 0.322

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


Sinclair  (FRA:HQ7) 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.

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

Shiller PE Ratio=Share Price/E10
=11.50/0.92
=12.50

* 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 Sinclair was 111.33. The lowest was 5.26. And the median was 28.59.


Be Aware

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


Sinclair E10 Related Terms

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


Sinclair (FRA:HQ7) Business Description

Traded in Other Exchanges
Address
10706 Beaver Dam Road, Hunt Valley, MD, USA, 21030
Sinclair Broadcast Group is the second-largest television station operator in the U.S., with 185 stations in 86 markets. Of the firm's roughly 600 channels, 150 are affiliated with the four national broadcasters—Fox, ABC, CBS, and NBC—with over 80 other channels on networks aligned with The CW (Nexstar) and MyNetworkTV (Fox). The firm also owns the Tennis Channel and four multicast networks. Via the 2019 purchase of the Fox regional sports networks from Disney, Sinclair is now the largest owner of Diamond Sports, which operates regional sports networks. Diamond Sports sought bankruptcy protection in early 2023.

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