GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Semapa SA (XLIS:SEM) » Definitions » E10

Semapa (XLIS:SEM) E10 : €2.14 (As of Dec. 2023)


View and export this data going back to 1995. Start your Free Trial

What is Semapa 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.

Semapa's adjusted earnings per share data for the three months ended in Dec. 2023 was €0.967. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.14 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Semapa's average E10 Growth Rate was 9.20% per year. During the past 3 years, the average E10 Growth Rate was 15.70% per year. During the past 5 years, the average E10 Growth Rate was 11.00% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Semapa was 15.70% per year. The lowest was 6.00% per year. And the median was 12.40% per year.

As of today (2024-05-18), Semapa's current stock price is €16.20. Semapa's E10 for the quarter that ended in Dec. 2023 was €2.14. Semapa's Shiller PE Ratio of today is 7.57.

During the past 13 years, the highest Shiller PE Ratio of Semapa was 19.83. The lowest was 4.67. And the median was 7.84.


Semapa E10 Historical Data

The historical data trend for Semapa'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.

Semapa E10 Chart

Semapa 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 1.38 1.38 1.55 1.96 2.14

Semapa Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.96 2.04 2.08 2.14 2.14

Competitive Comparison of Semapa's E10

For the Paper & Paper Products subindustry, Semapa'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.


Semapa's Shiller PE Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Semapa's Shiller PE Ratio distribution charts can be found below:

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



Semapa 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, Semapa's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.967/118.0324*118.0324
=0.967

Current CPI (Dec. 2023) = 118.0324.

Semapa Quarterly Data

per share eps CPI Adj_EPS
201403 0.155 99.788 0.183
201406 0.269 99.967 0.318
201409 0.285 99.617 0.338
201412 0.305 99.723 0.361
201503 0.190 100.097 0.224
201506 0.275 100.769 0.322
201509 0.129 100.489 0.152
201512 0.232 100.119 0.274
201603 0.216 100.547 0.254
201606 0.366 101.319 0.426
201609 0.299 101.122 0.349
201612 0.538 100.998 0.629
201703 0.177 101.924 0.205
201706 0.360 102.240 0.416
201709 0.791 102.527 0.911
201712 0.570 102.479 0.657
201803 0.337 102.626 0.388
201806 0.396 103.790 0.450
201809 0.872 103.960 0.990
201812 0.434 103.159 0.497
201903 0.493 103.495 0.562
201906 0.419 104.192 0.475
201909 0.478 103.844 0.543
201912 0.150 103.592 0.171
202003 0.215 103.544 0.245
202006 0.163 104.323 0.184
202009 0.532 103.699 0.606
202012 0.425 103.354 0.485
202103 0.318 104.014 0.361
202106 0.597 104.852 0.672
202109 0.616 105.232 0.691
202112 0.950 106.191 1.056
202203 0.526 109.559 0.567
202206 1.245 114.003 1.289
202209 1.126 114.999 1.156
202212 0.948 116.377 0.961
202303 0.714 117.701 0.716
202306 0.634 117.872 0.635
202309 0.746 119.111 0.739
202312 0.967 118.032 0.967

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


Semapa  (XLIS:SEM) 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.

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

Shiller PE Ratio=Share Price/E10
=16.20/2.14
=7.57

* 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 Semapa was 19.83. The lowest was 4.67. And the median was 7.84.


Be Aware

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


Semapa E10 Related Terms

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


Semapa (XLIS:SEM) Business Description

Traded in Other Exchanges
Address
Avenue Fontes Pereira de Melo, 14 - 10th Floor, Lisboa, PRT, 1050-121
Semapa SA makes and sells a variety of paper products as well as cement. The segments of the company are, paper and pulp segment is the production and sale of writing and printing thin paper (UWF) and domestic consumption paper (Tissue), and it is present in the whole value-added chain, from research and development of forestry and agricultural production to the purchase and sale of wood and the production and sale of bleached eucalyptus kraft pulp and electric and thermal energy, as well as its commercialization. The cement and derivatives segment sells cement, ready-mix concrete, and aggregates to the construction and building industries. The environment segment collects animal waste and sells animal fats, food oil, and meal. The majority of revenue comes from the Rest of Europe.