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Usinas Siderurgicas de Minas Gerais (XMAD:XUSI) E10 : €0.13 (As of Mar. 2024)


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What is Usinas Siderurgicas de Minas Gerais 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.

Usinas Siderurgicas de Minas Gerais's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.002. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.13 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Usinas Siderurgicas de Minas Gerais's average E10 Growth Rate was 18.20% 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 (2024-06-06), Usinas Siderurgicas de Minas Gerais's current stock price is €1.33. Usinas Siderurgicas de Minas Gerais's E10 for the quarter that ended in Mar. 2024 was €0.13. Usinas Siderurgicas de Minas Gerais's Shiller PE Ratio of today is 10.23.

During the past 13 years, the highest Shiller PE Ratio of Usinas Siderurgicas de Minas Gerais was 274.33. The lowest was 1.77. And the median was 13.32.


Usinas Siderurgicas de Minas Gerais E10 Historical Data

The historical data trend for Usinas Siderurgicas de Minas Gerais'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.

Usinas Siderurgicas de Minas Gerais E10 Chart

Usinas Siderurgicas de Minas Gerais 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 -0.05 -0.06 0.04 0.08 0.12

Usinas Siderurgicas de Minas Gerais 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 0.09 0.11 0.10 0.12 0.13

Competitive Comparison of Usinas Siderurgicas de Minas Gerais's E10

For the Steel subindustry, Usinas Siderurgicas de Minas Gerais'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.


Usinas Siderurgicas de Minas Gerais's Shiller PE Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Usinas Siderurgicas de Minas Gerais's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Usinas Siderurgicas de Minas Gerais's Shiller PE Ratio falls into.



Usinas Siderurgicas de Minas Gerais 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, Usinas Siderurgicas de Minas Gerais'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)
=0.002/159.3724*159.3724
=0.002

Current CPI (Mar. 2024) = 159.3724.

Usinas Siderurgicas de Minas Gerais Quarterly Data

per share eps CPI Adj_EPS
201406 0.038 91.838 0.066
201409 -0.009 92.602 -0.015
201412 -0.045 94.194 -0.076
201503 -0.074 97.799 -0.121
201506 -0.175 100.006 -0.279
201509 -0.238 101.392 -0.374
201512 -0.325 104.247 -0.497
201603 -0.036 106.979 -0.054
201606 -0.034 108.851 -0.050
201609 -0.025 109.986 -0.036
201612 -0.068 110.802 -0.098
201703 0.021 111.869 0.030
201706 0.026 112.115 0.037
201709 0.016 112.777 0.023
201712 -0.010 114.068 -0.014
201803 0.027 114.868 0.037
201806 -0.007 117.038 -0.010
201809 0.044 117.881 0.059
201812 0.063 118.340 0.085
201903 0.009 120.124 0.012
201906 0.023 120.977 0.030
201909 -0.031 121.292 -0.041
201912 0.038 123.436 0.049
202003 -0.072 124.092 -0.092
202006 -0.065 123.557 -0.084
202009 0.008 125.095 0.010
202012 0.198 129.012 0.245
202103 0.109 131.660 0.132
202106 0.535 133.871 0.637
202109 0.196 137.913 0.226
202112 0.294 141.992 0.330
202203 0.170 146.537 0.185
202206 0.129 149.784 0.137
202209 0.008 147.800 0.009
202212 -0.137 150.207 -0.145
202303 0.066 153.352 0.069
202306 0.038 154.519 0.039
202309 -0.032 155.464 -0.033
202312 0.195 157.148 0.198
202403 0.002 159.372 0.002

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


Usinas Siderurgicas de Minas Gerais  (XMAD:XUSI) 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.

Usinas Siderurgicas de Minas Gerais's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1.33/0.13
=10.23

* 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 Usinas Siderurgicas de Minas Gerais was 274.33. The lowest was 1.77. And the median was 13.32.


Be Aware

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


Usinas Siderurgicas de Minas Gerais E10 Related Terms

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


Usinas Siderurgicas de Minas Gerais (XMAD:XUSI) Business Description

Address
Rua Professor Jose Vieira de Mendonca, 3.011 - Engenho Nogueira, Belo Horizonte, MG, BRA, 31310-260
Usinas Siderurgicas de Minas Gerais SA is a Brazil-based company that is primarily engaged in the production and distribution of flat steel products. The company's product portfolio consists of ordinary heavy plates, Sincron series premium heavy plates, hot strips, cold-rolled products, and galvanized products. These products are used in automotive, civil construction, railway, electric, white goods, offshore platforms, and agricultural and construction machinery. The Brazilian domestic market represents the majority of the company's sales, while the United States, Argentina, and Turkey are the three biggest export destination markets for the company.

Usinas Siderurgicas de Minas Gerais (XMAD:XUSI) Headlines

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