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SYN Prop E Tech (BSP:SYNE3) E10 : R$1.37 (As of Dec. 2023)


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What is SYN Prop E Tech 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.

SYN Prop E Tech's adjusted earnings per share data for the three months ended in Dec. 2023 was R$0.035. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$1.37 for the trailing ten years ended in Dec. 2023.

During the past 12 months, SYN Prop E Tech's average E10 Growth Rate was -16.00% per year. During the past 3 years, the average E10 Growth Rate was 5.10% per year. During the past 5 years, the average E10 Growth Rate was 3.50% 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 SYN Prop E Tech was 11.60% per year. The lowest was 5.10% per year. And the median was 8.20% per year.

As of today (2024-05-24), SYN Prop E Tech's current stock price is R$9.10. SYN Prop E Tech's E10 for the quarter that ended in Dec. 2023 was R$1.37. SYN Prop E Tech's Shiller PE Ratio of today is 6.64.

During the past 13 years, the highest Shiller PE Ratio of SYN Prop E Tech was 20.31. The lowest was 1.77. And the median was 8.05.


SYN Prop E Tech E10 Historical Data

The historical data trend for SYN Prop E Tech'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.

SYN Prop E Tech E10 Chart

SYN Prop E Tech 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 1.28 1.17 1.89 1.62 1.37

SYN Prop E Tech 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 1.62 1.55 1.48 1.40 1.37

Competitive Comparison of SYN Prop E Tech's E10

For the Real Estate - Diversified subindustry, SYN Prop E Tech'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.


SYN Prop E Tech's Shiller PE Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, SYN Prop E Tech's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where SYN Prop E Tech's Shiller PE Ratio falls into.



SYN Prop E Tech 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, SYN Prop E Tech'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)
=0.035/157.1481*157.1481
=0.035

Current CPI (Dec. 2023) = 157.1481.

SYN Prop E Tech Quarterly Data

per share eps CPI Adj_EPS
201403 0.466 90.447 0.810
201406 0.240 91.838 0.411
201409 0.357 92.602 0.606
201412 0.118 94.194 0.197
201503 -0.041 97.799 -0.066
201506 0.221 100.006 0.347
201509 0.079 101.392 0.122
201512 -0.011 104.247 -0.017
201603 0.037 106.979 0.054
201606 -0.092 108.851 -0.133
201609 -0.143 109.986 -0.204
201612 0.019 110.802 0.027
201703 -0.165 111.869 -0.232
201706 -0.143 112.115 -0.200
201709 1.833 112.777 2.554
201712 -0.066 114.068 -0.091
201803 0.075 114.868 0.103
201806 0.193 117.038 0.259
201809 -0.160 117.881 -0.213
201812 -0.115 118.340 -0.153
201903 0.026 120.124 0.034
201906 -0.144 120.977 -0.187
201909 0.073 121.292 0.095
201912 0.230 123.436 0.293
202003 0.010 124.092 0.013
202006 0.007 123.557 0.009
202009 0.224 125.095 0.281
202012 0.054 129.012 0.066
202103 0.045 131.660 0.054
202106 0.047 133.871 0.055
202109 0.059 137.913 0.067
202112 8.277 141.992 9.160
202203 -0.072 146.537 -0.077
202206 -0.191 149.784 -0.200
202209 0.045 147.800 0.048
202212 -0.155 150.207 -0.162
202303 -0.097 153.352 -0.099
202306 -0.027 154.519 -0.027
202309 0.023 155.464 0.023
202312 0.035 157.148 0.035

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


SYN Prop E Tech  (BSP:SYNE3) 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.

SYN Prop E Tech's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=9.10/1.37
=6.64

* 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 SYN Prop E Tech was 20.31. The lowest was 1.77. And the median was 8.05.


Be Aware

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


SYN Prop E Tech E10 Related Terms

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


SYN Prop E Tech (BSP:SYNE3) Business Description

Traded in Other Exchanges
Address
Avenida Brigadeiro Faria Lima, 3600, 14th Floor Itaim Bibi, Sao Paulo, SP, BRA, 04538-132
SYN Prop E Tech SA is involved in the real estate sector. It focuses on the development, trade, and management of commercial properties in Brazil. Its portfolio includes shopping centres and corporate buildings. Business is organized into three operating segments being Buildings, Shopping malls, Services and Others. Key revenue is earned from the Building division which is engaged in the sale and lease of commercial buildings. Shopping malls consists of the lease of stores in shopping malls. Services consists of services involving the management of shopping malls, development of properties and operation of parking lots. Other consists of the lease of other types of properties.

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