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CIA Melhoramentos deo Paulo (BSP:MSPA4) E10 : R$3.25 (As of Mar. 2024)


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What is CIA Melhoramentos deo Paulo 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.

CIA Melhoramentos deo Paulo's adjusted earnings per share data for the three months ended in Mar. 2024 was R$-0.956. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$3.25 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CIA Melhoramentos deo Paulo's average E10 Growth Rate was 36.50% per year. During the past 3 years, the average E10 Growth Rate was 13.00% 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 CIA Melhoramentos deo Paulo was 13.00% per year. The lowest was 1.30% per year. And the median was 7.15% per year.

As of today (2024-06-07), CIA Melhoramentos deo Paulo's current stock price is R$37.00. CIA Melhoramentos deo Paulo's E10 for the quarter that ended in Mar. 2024 was R$3.25. CIA Melhoramentos deo Paulo's Shiller PE Ratio of today is 11.38.

During the past 13 years, the highest Shiller PE Ratio of CIA Melhoramentos deo Paulo was 27.81. The lowest was 11.38. And the median was 18.65.


CIA Melhoramentos deo Paulo E10 Historical Data

The historical data trend for CIA Melhoramentos deo Paulo'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.

CIA Melhoramentos deo Paulo E10 Chart

CIA Melhoramentos deo Paulo 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 2.51 1.82 2.67 2.08 2.59

CIA Melhoramentos deo Paulo 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 2.46 2.70 2.98 2.59 3.25

Competitive Comparison of CIA Melhoramentos deo Paulo's E10

For the Lumber & Wood Production subindustry, CIA Melhoramentos deo Paulo'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.


CIA Melhoramentos deo Paulo's Shiller PE Ratio Distribution in the Forest Products Industry

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

* The bar in red indicates where CIA Melhoramentos deo Paulo's Shiller PE Ratio falls into.



CIA Melhoramentos deo Paulo 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, CIA Melhoramentos deo Paulo'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)
=-0.956/159.3724*159.3724
=-0.956

Current CPI (Mar. 2024) = 159.3724.

CIA Melhoramentos deo Paulo Quarterly Data

per share eps CPI Adj_EPS
201406 -0.436 91.838 -0.757
201409 -0.081 92.602 -0.139
201412 10.509 94.194 17.781
201503 -3.058 97.799 -4.983
201506 -2.389 100.006 -3.807
201509 -7.215 101.392 -11.341
201512 -0.121 104.247 -0.185
201603 49.204 106.979 73.302
201606 -2.970 108.851 -4.348
201609 0.417 109.986 0.604
201612 -8.619 110.802 -12.397
201703 0.869 111.869 1.238
201706 6.238 112.115 8.867
201709 0.550 112.777 0.777
201712 -1.702 114.068 -2.378
201803 -0.022 114.868 -0.031
201806 -0.437 117.038 -0.595
201809 -0.596 117.881 -0.806
201812 1.698 118.340 2.287
201903 -0.944 120.124 -1.252
201906 -0.809 120.977 -1.066
201909 -1.133 121.292 -1.489
201912 -2.430 123.436 -3.137
202003 -5.022 124.092 -6.450
202006 -2.434 123.557 -3.140
202009 -2.062 125.095 -2.627
202012 -1.441 129.012 -1.780
202103 -0.764 131.660 -0.925
202106 -1.077 133.871 -1.282
202109 -1.459 137.913 -1.686
202112 -1.322 141.992 -1.484
202203 -0.233 146.537 -0.253
202206 -2.020 149.784 -2.149
202209 -1.014 147.800 -1.093
202212 3.952 150.207 4.193
202303 -1.125 153.352 -1.169
202306 1.088 154.519 1.122
202309 1.210 155.464 1.240
202312 0.045 157.148 0.046
202403 -0.956 159.372 -0.956

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


CIA Melhoramentos deo Paulo  (BSP:MSPA4) 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.

CIA Melhoramentos deo Paulo's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=37.00/3.25
=11.38

* 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 CIA Melhoramentos deo Paulo was 27.81. The lowest was 11.38. And the median was 18.65.


Be Aware

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


CIA Melhoramentos deo Paulo E10 Related Terms

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


CIA Melhoramentos deo Paulo (BSP:MSPA4) Business Description

Traded in Other Exchanges
Address
Rua Tito 479, Sao Paulo, SP, BRA, 05051000
CIA Melhoramentos de Sao Paulo primarily engages in publishing business in Brazil. It offers paperback and digital books primarily for children, teenagers, and schools; cooking books; and customized books for companies. The company also engages in developing and maintaining forests; conducting reforestation activities of pines and eucalyptus; and urban, industrial, or infrastructure projects of real estate development. In addition, it is involved in the production of fibers, such as thermo ground wood, Bleached Thermo Ground Wood and Neolux Fibers, used as raw material for the production of paperboard, tissue and special papers.

CIA Melhoramentos deo Paulo (BSP:MSPA4) Headlines

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