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First Community (First Community) E10 : $1.55 (As of Dec. 2023)


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What is First Community 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.

First Community's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.430. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.55 for the trailing ten years ended in Dec. 2023.

During the past 12 months, First Community's average E10 Growth Rate was 6.90% per year. During the past 3 years, the average E10 Growth Rate was 12.50% 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 First Community was 35.90% per year. The lowest was -21.40% per year. And the median was -14.50% per year.

As of today (2024-04-30), First Community's current stock price is $16.82. First Community's E10 for the quarter that ended in Dec. 2023 was $1.55. First Community's Shiller PE Ratio of today is 10.85.

During the past 13 years, the highest Shiller PE Ratio of First Community was 22.57. The lowest was 10.32. And the median was 14.60.


First Community E10 Historical Data

The historical data trend for First Community'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.

First Community E10 Chart

First Community 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 0.98 1.09 1.27 1.45 1.55

First Community 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 1.49 1.52 1.53 1.55 -

Competitive Comparison of First Community's E10

For the Banks - Regional subindustry, First Community'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.


First Community's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Community's Shiller PE Ratio distribution charts can be found below:

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



First Community 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, First Community'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)
=0.43/129.4194*129.4194
=0.430

Current CPI (Dec. 2023) = 129.4194.

First Community Quarterly Data

per share eps CPI Adj_EPS
201403 0.140 99.695 0.182
201406 0.180 100.560 0.232
201409 0.230 100.428 0.296
201412 0.220 99.070 0.287
201503 0.210 99.621 0.273
201506 0.220 100.684 0.283
201509 0.250 100.392 0.322
201512 0.240 99.792 0.311
201603 0.220 100.470 0.283
201606 0.260 101.688 0.331
201609 0.250 101.861 0.318
201612 0.260 101.863 0.330
201703 0.260 102.862 0.327
201706 0.240 103.349 0.301
201709 0.280 104.136 0.348
201712 0.070 104.011 0.087
201803 0.350 105.290 0.430
201806 0.390 106.317 0.475
201809 0.370 106.507 0.450
201812 0.350 105.998 0.427
201903 0.320 107.251 0.386
201906 0.370 108.070 0.443
201909 0.390 108.329 0.466
201912 0.360 108.420 0.430
202003 0.240 108.902 0.285
202006 0.300 108.767 0.357
202009 0.350 109.815 0.412
202012 0.460 109.897 0.542
202103 0.430 111.754 0.498
202106 0.470 114.631 0.531
202109 0.630 115.734 0.704
202112 0.520 117.630 0.572
202203 0.460 121.301 0.491
202206 0.410 125.017 0.424
202209 0.520 125.227 0.537
202212 0.530 125.222 0.548
202303 0.450 127.348 0.457
202306 0.430 128.729 0.432
202309 0.230 129.860 0.229
202312 0.430 129.419 0.430

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


First Community  (NAS:FCCO) 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.

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

Shiller PE Ratio=Share Price/E10
=16.82/1.55
=10.85

* 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 First Community was 22.57. The lowest was 10.32. And the median was 14.60.


Be Aware

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


First Community E10 Related Terms

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


First Community (First Community) Business Description

Traded in Other Exchanges
N/A
Address
5455 Sunset Boulevard, Lexington, SC, USA, 29072
First Community Corp is a bank holding company, which provides commercial banking services. It is engaged in the general commercial and retail banking business characterized by personalized service and local decision making, emphasizing the banking needs of small to medium-sized businesses, professional concerns, and individuals. It operates through following segments: Commercial and Retail Banking; Mortgage Banking; Investment Advisory and Non-Deposit; and Corporate. It offers checking, savings, money market, individual retirement, and certificates of deposit accounts. Its lending lines include consumer loans, real estate loans, home improvement loans, home loans, flex loans, construction loans, agricultural loans, and others.
Executives
E. Leland Reynolds director 5455 SUNSET BLVD, LEXINGTON SC 29072
Michael C Crapps director, officer: President & CEO C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071
Jan H Hollar director 300 E. BROAD ST., STATESVILLE NC 28677
Edward J. Tarver director C/O FIRST COMMUNITY CORPORATION, 5455 SUNSET BLVD, LEXINGTON SC 29072
Mickey Layden director 5455 SUNSET BLVD., LEXINGTON SC 29072
Ray E Jones director 5455 SUNSET BLVD., LEXINGTON SC 29072
Jane S Sosebee director C/O PALMETTO BANCSHARES, INC., 306 EAST NORTH STREET, GREENVILLE SC 29601
Tanya A Butts officer: Executive Vice Pres 104 S. MAIN STREET, GREENVILLE SC 29601
Jack W. Walker officer: EVP and Chief Credit Officer C/O FIRST COMMUNITY CORPORATION, 5455 SUNSET BLVD, LEXINGTON SC 29072
Donald Shawn Jordan officer: EVP and CFO C/O FIRST COMMUNITY CORPORATION, 5455 SUNSET BLVD, LEXINGTON SC 29072
Thomas Carlton Brown director C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071
David K Proctor officer: Senior Vice President C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071
Joseph G Sawyer officer: Senior Vice President & CFO C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071
Richard K Bogan director C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071
Anita B Easter director C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071