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Enviva (FRA:XV6) E10 : €-0.89 (As of Sep. 2023)


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What is Enviva 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.

Enviva's adjusted earnings per share data for the three months ended in Sep. 2023 was €-1.068. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.89 for the trailing ten years ended in Sep. 2023.

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 (2024-05-24), Enviva's current stock price is €0.5529. Enviva's E10 for the quarter that ended in Sep. 2023 was €-0.89. Enviva's Shiller PE Ratio of today is .


Enviva E10 Historical Data

The historical data trend for Enviva'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.

Enviva E10 Chart

Enviva Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -0.58

Enviva Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 - -0.58 -0.72 -0.83 -0.89

Competitive Comparison of Enviva's E10

For the Lumber & Wood Production subindustry, Enviva'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.


Enviva's Shiller PE Ratio Distribution in the Forest Products Industry

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

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



Enviva 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, Enviva's adjusted earnings per share data for the three months ended in Sep. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-1.068/129.8595*129.8595
=-1.068

Current CPI (Sep. 2023) = 129.8595.

Enviva Quarterly Data

per share eps CPI Adj_EPS
201312 0.084 98.326 0.111
201403 -0.101 99.695 -0.132
201406 -0.057 100.560 -0.074
201409 0.102 100.428 0.132
201412 0.070 99.070 0.092
201503 0.098 99.621 0.128
201506 0.214 100.684 0.276
201509 0.241 100.392 0.312
201512 0.266 99.792 0.346
201603 0.260 100.470 0.336
201606 0.418 101.688 0.534
201609 0.445 101.861 0.567
201612 -0.322 101.863 -0.411
201703 0.065 102.862 0.082
201706 0.098 103.349 0.123
201709 0.159 104.136 0.198
201712 0.203 104.011 0.253
201803 -0.633 105.290 -0.781
201806 0.068 106.317 0.083
201809 0.369 106.507 0.450
201812 0.246 105.998 0.301
201903 -0.372 107.251 -0.450
201906 -0.177 108.070 -0.213
201909 0.136 108.329 0.163
201912 -0.090 108.420 -0.108
202003 0.081 108.902 0.097
202006 0.003 108.767 0.004
202009 -0.153 109.815 -0.181
202012 -0.197 109.897 -0.233
202103 -0.832 111.754 -0.967
202106 -1.104 114.631 -1.251
202109 -1.488 115.734 -1.670
202112 -0.889 117.630 -0.981
202203 -0.645 121.301 -0.691
202206 -0.397 125.017 -0.412
202209 -0.293 125.227 -0.304
202212 -1.091 125.222 -1.131
202303 -1.634 127.348 -1.666
202306 -0.757 128.729 -0.764
202309 -1.068 129.860 -1.068

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


Enviva  (FRA:XV6) 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.


Be Aware

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


Enviva E10 Related Terms

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


Enviva (FRA:XV6) Business Description

Traded in Other Exchanges
Address
7272 Wisconsin Avenue, Suite 1800, Bethesda, MD, USA, 20814
Enviva Inc develop, construct, acquire, and own and operate, fully contracted wood pellet production plants where the company aggregate a natural resource, wood fiber, and process it into dry, densified, uniform pellets that can be effectively stored and transported around the world. The company sells term, take-or-pay off-take contracts with creditworthy customers in the United Kingdom, the European Union, and Japan, who use pellets to displace coal and other fossil fuels to generate power and heat as part of their efforts to accelerate the energy transition away from conventional energy sources. The company derive a majority of revenues from customers in Europe.

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