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Semiconductor Manufacturing International (SHSE:688981) E10 : ¥2.25 (As of Mar. 2024)


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What is Semiconductor Manufacturing International 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.

Semiconductor Manufacturing International's adjusted earnings per share data for the three months ended in Mar. 2024 was ¥0.072. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥2.25 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Semiconductor Manufacturing International's average E10 Growth Rate was 2.60% 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), Semiconductor Manufacturing International's current stock price is ¥47.21. Semiconductor Manufacturing International's E10 for the quarter that ended in Mar. 2024 was ¥2.25. Semiconductor Manufacturing International's Shiller PE Ratio of today is 20.98.

During the past 13 years, the highest Shiller PE Ratio of Semiconductor Manufacturing International was 34.93. The lowest was 18.05. And the median was 24.70.


Semiconductor Manufacturing International E10 Historical Data

The historical data trend for Semiconductor Manufacturing International'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.

Semiconductor Manufacturing International E10 Chart

Semiconductor Manufacturing International 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 - - - 1.82 2.08

Semiconductor Manufacturing International 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 2.05 1.91 1.96 2.08 2.25

Competitive Comparison of Semiconductor Manufacturing International's E10

For the Semiconductors subindustry, Semiconductor Manufacturing International'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.


Semiconductor Manufacturing International's Shiller PE Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Semiconductor Manufacturing International's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Semiconductor Manufacturing International's Shiller PE Ratio falls into.



Semiconductor Manufacturing International 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, Semiconductor Manufacturing International'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)
=0.072/115.2271*115.2271
=0.072

Current CPI (Mar. 2024) = 115.2271.

Semiconductor Manufacturing International Quarterly Data

per share eps CPI Adj_EPS
201406 0.100 98.200 0.117
201409 0.075 98.900 0.087
201412 0.048 99.000 0.056
201503 0.086 99.900 0.099
201506 0.114 99.500 0.132
201509 0.117 100.500 0.134
201512 0.055 100.600 0.063
201603 0.086 102.200 0.097
201606 0.139 101.400 0.158
201609 0.151 102.400 0.170
201612 0.138 102.600 0.155
201703 0.069 103.200 0.077
201706 0.068 103.100 0.076
201709 0.066 104.100 0.073
201712 0.066 104.500 0.073
201803 0.063 105.300 0.069
201806 0.065 104.900 0.071
201809 0.137 106.600 0.148
201812 0.036 106.500 0.039
201903 0.013 107.700 0.014
201906 0.021 107.700 0.022
201909 0.142 109.800 0.149
201912 0.140 111.200 0.145
202003 0.070 112.300 0.072
202006 0.142 110.400 0.148
202009 0.204 111.700 0.210
202012 0.196 111.500 0.203
202103 0.130 112.662 0.133
202106 0.578 111.769 0.596
202109 0.258 112.215 0.265
202112 0.446 113.108 0.454
202203 0.381 114.335 0.384
202206 0.402 114.558 0.404
202209 0.421 115.339 0.421
202212 0.340 115.116 0.340
202303 0.207 115.116 0.207
202306 0.358 114.558 0.360
202309 0.073 115.339 0.073
202312 0.129 114.781 0.130
202403 0.072 115.227 0.072

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


Semiconductor Manufacturing International  (SHSE:688981) 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.

Semiconductor Manufacturing International's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=47.21/2.25
=20.98

* 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 Semiconductor Manufacturing International was 34.93. The lowest was 18.05. And the median was 24.70.


Be Aware

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


Semiconductor Manufacturing International E10 Related Terms

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


Semiconductor Manufacturing International (SHSE:688981) Business Description

Traded in Other Exchanges
Address
No. 18 Zhangjiang Road, Pudong New Area, Shanghai, CHN, 201203
Founded in 2000, Semiconductor Manufacturing International Corp. is the largest Chinese foundry and the fifth-largest globally after TSMC, Samsung Electronics, GlobalFoundries, and United Microelectronics Corp. The company's headquarters and foundry are in Shanghai, with additional foundries in Beijing, Tianjin, and Shenzhen and offices in the United States, Europe, Japan, Taiwan, and Hong Kong. Its products are used in artificial intelligence, data centers, automotive, consumer electronics, memory, and "Internet of Things" products. SMIC employs over 21,000 people.
Executives
Jin Da Core technical personnel
Zhang Xin Core technical personnel
Yan Da Yong Core technical personnel

Semiconductor Manufacturing International (SHSE:688981) Headlines

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