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Singapore Airlines (Singapore Airlines) E10 : $0.25 (As of Mar. 2024)


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What is Singapore Airlines 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.

Singapore Airlines's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.288. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.25 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Singapore Airlines's average E10 Growth Rate was 41.70% per year. During the past 3 years, the average E10 Growth Rate was 9.40% per year. During the past 5 years, the average E10 Growth Rate was -19.70% 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 Singapore Airlines was 9.40% per year. The lowest was -48.60% per year. And the median was -34.10% per year.

As of today (2024-06-06), Singapore Airlines's current stock price is $10.107. Singapore Airlines's E10 for the quarter that ended in Mar. 2024 was $0.25. Singapore Airlines's Shiller PE Ratio of today is 40.43.

During the past 13 years, the highest Shiller PE Ratio of Singapore Airlines was 64.75. The lowest was 5.52. And the median was 18.47.


Singapore Airlines E10 Historical Data

The historical data trend for Singapore Airlines'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.

Singapore Airlines E10 Chart

Singapore Airlines Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.74 0.19 0.13 0.18 0.25

Singapore Airlines 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 0.18 0.18 0.20 0.23 0.25

Competitive Comparison of Singapore Airlines's E10

For the Airlines subindustry, Singapore Airlines'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.


Singapore Airlines's Shiller PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Singapore Airlines's Shiller PE Ratio distribution charts can be found below:

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



Singapore Airlines 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, Singapore Airlines'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)
=0.288/131.7762*131.7762
=0.288

Current CPI (Mar. 2024) = 131.7762.

Singapore Airlines Quarterly Data

per share eps CPI Adj_EPS
201406 0.033 100.560 0.043
201409 0.086 100.428 0.113
201412 0.184 99.070 0.245
201503 0.035 99.621 0.046
201506 0.082 100.684 0.107
201509 0.181 100.392 0.238
201512 0.235 99.792 0.310
201603 0.197 100.470 0.258
201606 0.225 101.688 0.292
201609 0.057 101.861 0.074
201612 0.146 101.863 0.189
201703 -0.117 102.862 -0.150
201706 0.290 103.349 0.370
201709 0.258 104.136 0.326
201712 0.343 104.011 0.435
201803 0.254 105.290 0.318
201806 0.123 106.317 0.152
201809 0.048 106.507 0.059
201812 0.246 105.998 0.306
201903 0.177 107.251 0.217
201906 0.087 108.070 0.106
201909 0.081 108.329 0.099
201912 0.245 108.420 0.298
202003 -0.548 108.902 -0.663
202006 -0.729 108.767 -0.883
202009 -1.157 109.815 -1.388
202012 -0.044 109.897 -0.053
202103 -0.333 111.754 -0.393
202106 -0.138 114.631 -0.159
202109 -0.214 115.734 -0.244
202112 0.019 117.630 0.021
202203 -0.104 121.301 -0.113
202206 0.082 125.017 0.086
202209 0.265 125.227 0.279
202212 0.149 125.222 0.157
202303 0.302 127.348 0.313
202306 0.208 128.729 0.213
202309 0.349 129.860 0.354
202312 0.234 129.419 0.238
202403 0.288 131.776 0.288

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


Singapore Airlines  (OTCPK:SINGY) 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.

Singapore Airlines's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=10.107/0.25
=40.43

* 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 Singapore Airlines was 64.75. The lowest was 5.52. And the median was 18.47.


Be Aware

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


Singapore Airlines E10 Related Terms

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


Singapore Airlines (Singapore Airlines) Business Description

Address
25 Airline Road, Airline House, Sinagapore, SGP, 819829
Singapore Airlines is Singapore's flagship carrier and one of the region's largest airlines in revenue and carrying capacity. The company's hub is Changi Airport, providing regional and cross-continental passenger and cargo services destined to or transit through Singapore. The company operates under dual brands: the premium carrier, SIA, coupled with its wholly owned subsidiary, and the low-cost regional carrier Scoot. It also owns stakes in SATs and SIA Engineering.

Singapore Airlines (Singapore Airlines) Headlines

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