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I&M Holdings (NAI:IMH) E10 : KES6.43 (As of Mar. 2024)


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What is I&M 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.

I&M Holdings's adjusted earnings per share data for the three months ended in Mar. 2024 was KES2.010. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is KES6.43 for the trailing ten years ended in Mar. 2024.

During the past 12 months, I&M Holdings's average E10 Growth Rate was -12.00% 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.

As of today (2024-06-09), I&M Holdings's current stock price is KES21.50. I&M Holdings's E10 for the quarter that ended in Mar. 2024 was KES6.43. I&M Holdings's Shiller PE Ratio of today is 3.34.

During the past 13 years, the highest Shiller PE Ratio of I&M Holdings was 3.41. The lowest was 2.17. And the median was 2.78.


I&M Holdings E10 Historical Data

The historical data trend for I&M 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.

I&M Holdings E10 Chart

I&M 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 - - - - 6.50

I&M 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 7.31 6.22 6.30 6.50 6.43

Competitive Comparison of I&M Holdings's E10

For the Banks - Regional subindustry, I&M 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.


I&M Holdings's Shiller PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where I&M Holdings's Shiller PE Ratio falls into.



I&M 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, I&M 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)
=2.01/131.7762*131.7762
=2.010

Current CPI (Mar. 2024) = 131.7762.

I&M Holdings Quarterly Data

per share eps CPI Adj_EPS
201406 0.951 100.560 1.246
201409 0.963 100.428 1.264
201412 0.883 99.070 1.175
201503 1.105 99.621 1.462
201506 0.925 100.684 1.211
201509 0.993 100.392 1.303
201512 1.258 99.792 1.661
201603 1.250 100.470 1.639
201606 1.113 101.688 1.442
201609 1.198 101.861 1.550
201612 1.080 101.863 1.397
201703 1.020 102.862 1.307
201706 0.945 103.349 1.205
201709 0.788 104.136 0.997
201712 1.340 104.011 1.698
201803 1.030 105.290 1.289
201806 1.166 106.317 1.445
201809 1.146 106.507 1.418
201812 1.467 105.998 1.824
201903 2.745 107.251 3.373
201906 1.222 108.070 1.490
201909 1.215 108.329 1.478
201912 2.425 108.420 2.947
202003 0.945 108.902 1.143
202006 0.905 108.767 1.096
202009 0.785 109.815 0.942
202012 2.245 109.897 2.692
202103 1.080 111.754 1.273
202106 1.360 114.631 1.563
202109 0.850 115.734 0.968
202112 1.630 117.630 1.826
202203 1.550 121.301 1.684
202206 1.280 125.017 1.349
202209 1.290 125.227 1.357
202212 2.650 125.222 2.789
202303 1.540 127.348 1.594
202306 1.350 128.729 1.382
202309 1.810 129.860 1.837
202312 2.930 129.419 2.983
202403 2.010 131.776 2.010

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


I&M Holdings  (NAI:IMH) 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.

I&M Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=21.50/6.43
=3.34

* 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 I&M Holdings was 3.41. The lowest was 2.17. And the median was 2.78.


Be Aware

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


I&M Holdings E10 Related Terms

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


I&M Holdings (NAI:IMH) Business Description

Traded in Other Exchanges
N/A
Address
1 Park Avenue, 1st Parklands Avenue, P.O. Box 30238, Nairobi, KEN, 00100
I&M Holdings Ltd Formerly I&M Holdings PLC is a non-operating holding company, along with its subsidiaries provide banking, financial and related services. The group operations are divided into five geographical segments, Kenya, Tanzania, Rwanda, Mauritius, and Uganda. It offers a range of personal banking products, such as bank accounts, cards, mobile banking, Internet banking, investment management services, loans, foreign exchange, and funds transfer. Business banking products include business accounts, loans, e-commerce, salary processing, trade services, interest rates, foreign exchange, insurance premium financing, funds transfer, asset finance, and cash management services. The company generates the majority of its revenue from operation within Kenya.

I&M Holdings (NAI:IMH) Headlines

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