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SL (XKRX:005850) E10 : ₩3,292.66 (As of Mar. 2024)


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What is SL 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.

SL's adjusted earnings per share data for the three months ended in Mar. 2024 was ₩2,528.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₩3,292.66 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SL's average E10 Growth Rate was 20.80% per year. During the past 3 years, the average E10 Growth Rate was 11.50% per year. During the past 5 years, the average E10 Growth Rate was 5.30% 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 SL was 11.50% per year. The lowest was 0.50% per year. And the median was 1.75% per year.

As of today (2024-06-09), SL's current stock price is ₩37550.00. SL's E10 for the quarter that ended in Mar. 2024 was ₩3,292.66. SL's Shiller PE Ratio of today is 11.40.

During the past 13 years, the highest Shiller PE Ratio of SL was 16.19. The lowest was 4.00. And the median was 10.10.


SL E10 Historical Data

The historical data trend for SL'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.

SL E10 Chart

SL 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 2,422.75 2,252.94 2,303.95 2,583.71 3,120.69

SL 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 2,726.04 2,900.40 3,001.74 3,120.69 3,292.66

Competitive Comparison of SL's E10

For the Auto Parts subindustry, SL'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.


SL's Shiller PE Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, SL's Shiller PE Ratio distribution charts can be found below:

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



SL 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, SL'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)
=2528/118.8477*118.8477
=2,528.000

Current CPI (Mar. 2024) = 118.8477.

SL Quarterly Data

per share eps CPI Adj_EPS
201406 837.000 99.353 1,001.233
201409 453.000 99.608 540.499
201412 1,006.000 99.098 1,206.490
201503 686.000 99.720 817.584
201506 766.000 100.050 909.918
201509 441.000 100.110 523.542
201512 188.000 100.220 222.943
201603 604.000 100.560 713.843
201606 719.000 100.790 847.817
201609 888.000 101.460 1,040.181
201612 1,281.000 101.560 1,499.054
201703 875.000 102.850 1,011.101
201706 989.000 102.610 1,145.506
201709 588.000 103.490 675.258
201712 418.000 102.990 482.361
201803 272.000 104.100 310.534
201806 471.000 104.130 537.571
201809 327.000 105.650 367.849
201812 -326.000 104.350 -371.292
201903 187.000 104.490 212.695
201906 939.000 104.880 1,064.054
201909 352.000 105.200 397.665
201912 413.000 105.120 466.934
202003 190.000 105.540 213.957
202006 -91.000 104.870 -103.129
202009 509.000 106.200 569.618
202012 813.000 105.765 913.561
202103 1,163.000 107.357 1,287.477
202106 820.000 107.579 905.897
202109 358.000 108.759 391.208
202112 -247.000 109.676 -267.654
202203 880.000 111.806 935.425
202206 1,291.000 114.083 1,344.921
202209 816.000 114.831 844.541
202212 373.000 115.200 384.810
202303 1,958.000 116.550 1,996.607
202306 2,260.000 117.140 2,292.949
202309 1,326.000 119.111 1,323.067
202312 1,742.000 118.848 1,742.000
202403 2,528.000 118.848 2,528.000

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


SL  (XKRX:005850) 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.

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

Shiller PE Ratio=Share Price/E10
=37550.00/3292.66
=11.40

* 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 SL was 16.19. The lowest was 4.00. And the median was 10.10.


Be Aware

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


SL E10 Related Terms

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


SL (XKRX:005850) Business Description

Traded in Other Exchanges
N/A
Address
1208-6, Sinsang-Li, Jinryang-Eup, Gyeongsan City, KOR
SL Corp is an auto parts manufacturer and provider. Its product portfolio includes auto parts such as auto lamp assemblies, chassis, mirror, head up display and front-end module. The company mainly operates in Korea, America, China, Europe and India.

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