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Intercorp Financial Services (LIM:IFS) E10 : $3.30 (As of Mar. 2024)


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What is Intercorp Financial Services 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.

Intercorp Financial Services's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.326. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.30 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average E10 Growth Rate was 1.30% 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 Intercorp Financial Services was 1.30% per year. The lowest was 1.30% per year. And the median was 1.30% per year.

As of today (2024-06-08), Intercorp Financial Services's current stock price is $22.72. Intercorp Financial Services's E10 for the quarter that ended in Mar. 2024 was $3.30. Intercorp Financial Services's Shiller PE Ratio of today is 6.88.

During the past 13 years, the highest Shiller PE Ratio of Intercorp Financial Services was 11.57. The lowest was 5.75. And the median was 7.52.


Intercorp Financial Services E10 Historical Data

The historical data trend for Intercorp Financial Services'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.

Intercorp Financial Services E10 Chart

Intercorp Financial Services 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 - 3.13 2.94 3.25 3.25

Intercorp Financial Services 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 3.29 3.34 3.24 3.25 3.30

Competitive Comparison of Intercorp Financial Services's E10

For the Banks - Regional subindustry, Intercorp Financial Services'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.


Intercorp Financial Services's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Intercorp Financial Services's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Intercorp Financial Services's Shiller PE Ratio falls into.



Intercorp Financial Services 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, Intercorp Financial Services'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)
=0.326/131.7762*131.7762
=0.326

Current CPI (Mar. 2024) = 131.7762.

Intercorp Financial Services Quarterly Data

per share eps CPI Adj_EPS
201406 0.684 100.560 0.896
201409 0.668 100.428 0.877
201412 0.637 99.070 0.847
201503 0.637 99.621 0.843
201506 0.844 100.684 1.105
201509 0.993 100.392 1.303
201512 0.539 99.792 0.712
201603 0.149 100.470 0.195
201606 0.431 101.688 0.559
201609 0.505 101.861 0.653
201612 1.240 101.863 1.604
201703 0.595 102.862 0.762
201706 0.611 103.349 0.779
201709 0.648 104.136 0.820
201712 0.713 104.011 0.903
201803 0.701 105.290 0.877
201806 0.488 106.317 0.605
201809 0.757 106.507 0.937
201812 0.671 105.998 0.834
201903 0.845 107.251 1.038
201906 0.838 108.070 1.022
201909 0.774 108.329 0.942
201912 0.951 108.420 1.156
202003 0.331 108.902 0.401
202006 -1.048 108.767 -1.270
202009 0.733 109.815 0.880
202012 0.869 109.897 1.042
202103 1.216 111.754 1.434
202106 1.048 114.631 1.205
202109 1.270 115.734 1.446
202112 0.603 117.630 0.676
202203 1.099 121.301 1.194
202206 0.515 125.017 0.543
202209 1.304 125.227 1.372
202212 0.937 125.222 0.986
202303 0.613 127.348 0.634
202306 0.760 128.729 0.778
202309 0.450 129.860 0.457
202312 0.664 129.419 0.676
202403 0.326 131.776 0.326

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


Intercorp Financial Services  (LIM:IFS) 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.

Intercorp Financial Services's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=22.72/3.3
=6.88

* 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 Intercorp Financial Services was 11.57. The lowest was 5.75. And the median was 7.52.


Be Aware

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


Intercorp Financial Services E10 Related Terms

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


Intercorp Financial Services (LIM:IFS) Business Description

Traded in Other Exchanges
Address
Avenue Carlos Villaran 140, Urbanizacion Santa Catalina, La Victoria, Lima, PER, 13
Intercorp Financial Services Inc is a provider of financial services through banking, insurance, and wealth management businesses, as well as the recent integration of Izipay enhancing its payments ecosystem. The company has four operating segments; the Banking segment includes Mainly loans, credit facilities, deposits, and current accounts, the Insurance segment provides life annuity products with single-premium payment and conventional life insurance products and other retail insurance products, the Wealth management segment provides brokerage and investment management services, and Payments segment provides administration services, operation and processing of credit and debit cards. Its geographical segments include Peru and Panama.