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Waffer Technology (TPE:6235) E10 : NT$2.04 (As of Mar. 2024)


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What is Waffer Technology 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.

Waffer Technology's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$1.040. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$2.04 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Waffer Technology's average E10 Growth Rate was 42.70% per year. During the past 3 years, the average E10 Growth Rate was 35.40% 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 Waffer Technology was 82.20% per year. The lowest was 35.40% per year. And the median was 58.80% per year.

As of today (2024-06-09), Waffer Technology's current stock price is NT$86.50. Waffer Technology's E10 for the quarter that ended in Mar. 2024 was NT$2.04. Waffer Technology's Shiller PE Ratio of today is 42.40.

During the past 13 years, the highest Shiller PE Ratio of Waffer Technology was 117.13. The lowest was 18.59. And the median was 36.32.


Waffer Technology E10 Historical Data

The historical data trend for Waffer Technology'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.

Waffer Technology E10 Chart

Waffer Technology 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 0.22 0.75 0.92 1.33 1.86

Waffer Technology 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 1.43 1.59 1.79 1.86 2.04

Competitive Comparison of Waffer Technology's E10

For the Metal Fabrication subindustry, Waffer Technology'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.


Waffer Technology's Shiller PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Waffer Technology's Shiller PE Ratio distribution charts can be found below:

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



Waffer Technology 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, Waffer Technology'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)
=1.04/131.7762*131.7762
=1.040

Current CPI (Mar. 2024) = 131.7762.

Waffer Technology Quarterly Data

per share eps CPI Adj_EPS
201406 -0.459 100.560 -0.601
201409 -0.429 100.428 -0.563
201412 -0.026 99.070 -0.035
201503 -0.078 99.621 -0.103
201506 0.117 100.684 0.153
201509 -0.088 100.392 -0.116
201512 0.332 99.792 0.438
201603 0.224 100.470 0.294
201606 0.195 101.688 0.253
201609 0.185 101.861 0.239
201612 7.269 101.863 9.404
201703 -0.049 102.862 -0.063
201706 -0.059 103.349 -0.075
201709 0.166 104.136 0.210
201712 0.420 104.011 0.532
201803 -0.068 105.290 -0.085
201806 0.244 106.317 0.302
201809 0.449 106.507 0.556
201812 0.351 105.998 0.436
201903 0.039 107.251 0.048
201906 -2.049 108.070 -2.498
201909 -0.907 108.329 -1.103
201912 -0.010 108.420 -0.012
202003 -0.137 108.902 -0.166
202006 3.366 108.767 4.078
202009 0.059 109.815 0.071
202012 0.429 109.897 0.514
202103 0.156 111.754 0.184
202106 0.176 114.631 0.202
202109 0.100 115.734 0.114
202112 0.520 117.630 0.583
202203 0.510 121.301 0.554
202206 0.090 125.017 0.095
202209 0.500 125.227 0.526
202212 0.710 125.222 0.747
202303 1.030 127.348 1.066
202306 1.160 128.729 1.187
202309 1.030 129.860 1.045
202312 0.910 129.419 0.927
202403 1.040 131.776 1.040

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


Waffer Technology  (TPE:6235) 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.

Waffer Technology's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=86.50/2.04
=42.40

* 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 Waffer Technology was 117.13. The lowest was 18.59. And the median was 36.32.


Be Aware

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


Waffer Technology E10 Related Terms

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


Waffer Technology (TPE:6235) Business Description

Traded in Other Exchanges
N/A
Address
No.200 Wenhua 2nd Rd, Guishan Township, Taoyuan, TWN, 33377
Waffer Technology Corp is a Taiwan-based company, that engages in the manufacture and sale of magnesium alloy and aluminum alloy die-casting components and products. It is engaged in the provision of a light-metal solution of magnesium and aluminum alloy, mold and tooling research and development, magnesium alloy injection, magnesium die-casting, CNC, and painting and assembly of vertical integration OEM/ODM processing. It serves its services to medical, industrial, telecommunications, construction, automotive, sporting goods, aeronautical, transportation, national defense, and other industries.

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