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Shandong Chenming Paper Holdings (FRA:SCD1) E10 : €0.02 (As of Mar. 2024)


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What is Shandong Chenming Paper Holdings 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.

Shandong Chenming Paper Holdings's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.003. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.02 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Shandong Chenming Paper Holdings's average E10 Growth Rate was -13.70% per year. During the past 3 years, the average E10 Growth Rate was -2.20% per year. During the past 5 years, the average E10 Growth Rate was 0.10% per year. During the past 10 years, the average E10 Growth Rate was 7.80% 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 Shandong Chenming Paper Holdings was 20.90% per year. The lowest was -3.60% per year. And the median was 3.50% per year.

As of today (2024-06-09), Shandong Chenming Paper Holdings's current stock price is €0.208. Shandong Chenming Paper Holdings's E10 for the quarter that ended in Mar. 2024 was €0.02. Shandong Chenming Paper Holdings's Shiller PE Ratio of today is 10.40.

During the past 13 years, the highest Shiller PE Ratio of Shandong Chenming Paper Holdings was 36.31. The lowest was 7.27. And the median was 13.16.


Shandong Chenming Paper Holdings E10 Historical Data

The historical data trend for Shandong Chenming Paper Holdings'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.

Shandong Chenming Paper Holdings E10 Chart

Shandong Chenming Paper Holdings 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 0.05 0.04 0.04 0.05 0.02

Shandong Chenming Paper Holdings 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 0.05 0.03 0.03 0.02 0.02

Competitive Comparison of Shandong Chenming Paper Holdings's E10

For the Paper & Paper Products subindustry, Shandong Chenming Paper Holdings'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.


Shandong Chenming Paper Holdings's Shiller PE Ratio Distribution in the Forest Products Industry

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

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



Shandong Chenming Paper Holdings 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, Shandong Chenming Paper Holdings'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)
=0.003/115.2271*115.2271
=0.003

Current CPI (Mar. 2024) = 115.2271.

Shandong Chenming Paper Holdings Quarterly Data

per share eps CPI Adj_EPS
201406 0.006 98.200 0.007
201409 0.005 98.900 0.006
201412 0.007 99.000 0.008
201503 0.005 99.900 0.006
201506 0.009 99.500 0.010
201509 0.014 100.500 0.016
201512 0.020 100.600 0.023
201603 0.017 102.200 0.019
201606 0.024 101.400 0.027
201609 0.026 102.400 0.029
201612 0.023 102.600 0.026
201703 0.026 103.200 0.029
201706 0.047 103.100 0.053
201709 0.034 104.100 0.038
201712 0.046 104.500 0.051
201803 0.027 105.300 0.030
201806 0.049 104.900 0.054
201809 0.023 106.600 0.025
201812 -0.004 106.500 -0.004
201903 -0.005 107.700 -0.005
201906 0.021 107.700 0.022
201909 0.017 109.800 0.018
201912 0.026 111.200 0.027
202003 0.002 112.300 0.002
202006 0.004 110.400 0.004
202009 0.017 111.700 0.018
202012 0.022 111.500 0.023
202103 0.047 112.662 0.048
202106 0.031 111.769 0.032
202109 0.001 112.215 0.001
202112 -0.007 113.108 -0.007
202203 0.005 114.335 0.005
202206 0.005 114.558 0.005
202209 -0.001 115.339 -0.001
202212 -0.002 115.116 -0.002
202303 -0.014 115.116 -0.014
202306 -0.019 114.558 -0.019
202309 -0.004 115.339 -0.004
202312 -0.022 114.781 -0.022
202403 0.003 115.227 0.003

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


Shandong Chenming Paper Holdings  (FRA:SCD1) 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.

Shandong Chenming Paper Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.208/0.02
=10.40

* 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 Shandong Chenming Paper Holdings was 36.31. The lowest was 7.27. And the median was 13.16.


Be Aware

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


Shandong Chenming Paper Holdings E10 Related Terms

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


Shandong Chenming Paper Holdings (FRA:SCD1) Business Description

Address
No. 2199 Nongsheng East Road, Shandong Province, Shouguang, CHN, 262705
Shandong Chenming Paper Holdings Ltd is a paper making company. The company's product mix consists of printing paper, packaging paper, office paper, industrial paper and household paper, and various other types of paper mixes. Maximum revenue is derived from the sale of its paper products. The company's segments are Machine-made paper, Financial services, Hotels and property, and other segments. Geographically, it derives a majority of revenue from Mainland China.

Shandong Chenming Paper Holdings (FRA:SCD1) Headlines

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