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Flowers Foods (Flowers Foods) E10 : $0.96 (As of Dec. 2023)


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What is Flowers Foods 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.

Flowers Foods's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.170. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.96 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Flowers Foods's average E10 Growth Rate was -5.00% per year. During the past 3 years, the average E10 Growth Rate was 4.60% per year. During the past 5 years, the average E10 Growth Rate was 4.20% per year. During the past 10 years, the average E10 Growth Rate was 5.50% 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 Flowers Foods was 23.80% per year. The lowest was 2.10% per year. And the median was 6.30% per year.

As of today (2024-04-24), Flowers Foods's current stock price is $25.03. Flowers Foods's E10 for the quarter that ended in Dec. 2023 was $0.96. Flowers Foods's Shiller PE Ratio of today is 26.07.

During the past 13 years, the highest Shiller PE Ratio of Flowers Foods was 45.65. The lowest was 19.61. And the median was 26.99.


Flowers Foods E10 Historical Data

The historical data trend for Flowers Foods'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.

Flowers Foods E10 Chart

Flowers Foods 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 0.84 0.84 0.92 1.01 0.96

Flowers Foods 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 1.01 0.99 1.00 0.97 0.96

Competitive Comparison of Flowers Foods's E10

For the Packaged Foods subindustry, Flowers Foods'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.


Flowers Foods's Shiller PE Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Flowers Foods's Shiller PE Ratio distribution charts can be found below:

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



Flowers Foods 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, Flowers Foods'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)
=0.17/129.4194*129.4194
=0.170

Current CPI (Dec. 2023) = 129.4194.

Flowers Foods Quarterly Data

per share eps CPI Adj_EPS
201403 0.290 99.695 0.376
201406 0.200 100.560 0.257
201409 0.210 100.428 0.271
201412 0.130 99.070 0.170
201503 0.290 99.621 0.377
201506 0.240 100.684 0.308
201509 0.210 100.392 0.271
201512 0.150 99.792 0.195
201603 0.280 100.470 0.361
201606 0.240 101.688 0.305
201609 0.190 101.861 0.241
201612 0.060 101.863 0.076
201703 0.290 102.862 0.365
201706 0.210 103.349 0.263
201709 -0.160 104.136 -0.199
201712 0.370 104.011 0.460
201803 0.240 105.290 0.295
201806 0.210 106.317 0.256
201809 0.190 106.507 0.231
201812 0.099 105.998 0.121
201903 0.310 107.251 0.374
201906 0.250 108.070 0.299
201909 0.200 108.329 0.239
201912 0.010 108.420 0.012
202003 -0.030 108.902 -0.036
202006 0.270 108.767 0.321
202009 0.210 109.815 0.247
202012 0.260 109.897 0.306
202103 0.340 111.754 0.394
202106 0.260 114.631 0.294
202109 0.180 115.734 0.201
202112 0.180 117.630 0.198
202203 0.400 121.301 0.427
202206 0.250 125.017 0.259
202209 0.190 125.227 0.196
202212 0.230 125.222 0.238
202303 0.330 127.348 0.335
202306 0.300 128.729 0.302
202309 -0.220 129.860 -0.219
202312 0.170 129.419 0.170

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


Flowers Foods  (NYSE:FLO) 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.

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

Shiller PE Ratio=Share Price/E10
=25.03/0.96
=26.07

* 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 Flowers Foods was 45.65. The lowest was 19.61. And the median was 26.99.


Be Aware

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


Flowers Foods E10 Related Terms

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


Flowers Foods (Flowers Foods) Business Description

Traded in Other Exchanges
Address
1919 Flowers Circle, Thomasville, GA, USA, 31757
Flowers Foods Inc is an American company producing bakery food for retail and foodservice across the United States. The product portfolio includes fresh breads, buns, rolls, snack cakes, and tortillas. The company distributes to supermarkets, convenience stores, and restaurants. The key brands are Nature's Own, Whitewheat, Cobblestone Bread, Wonder, Dave's Killer Bread, Canyon Bakehouse, Mrs. Freshley's, and Tastykake.
Executives
R Steve Kinsey officer: EVP & Chief Financial Officer 301 HABERSHAM ROAD, THOMASVILLE GA 31792
Stephanie B Tillman officer: Chief Legal Counsel 1919 FLOWERS CIRCLE, THOMASVILLE GA 31757
Ryals Mcmullian officer: Chief Strategy Officer 2922 IVANHOE ROAD, TALLAHASSEE FL 32312
Brigitte King director 1919 FLOWERS CIRCLE, THOMASVILLE GA 31757
Joanne D Smith director C/O DELTA AIR LINES, INC., P.O. BOX 20574, DEPT. 981, ATLANTA GA 30320
H Mark Courtney officer: SVP Sales&Mkt Flowers Bakeries 16 MEANDER TRACE, THOMASVILLE GA 31792
Cindy Cox officer: Chief Human Resources Officer 1919 FLOWERS CIRCLE, THOMASVILLE GA 31757
Chubb Thomas Caldecot Iii director 999 PEACHTREE ST NE, SUITE 688, ATLANTA GA 30309
Melvin T Stith director 1111 BAY AVENUE, SUITE 501, COLUMBUS GA 31901
Thomas L Winters officer: Chief Supply Chain Officer 1919 FLOWERS CIRCLE, THOMASVILLE GA 31757
Heeth Iv Varnedoe officer: Chief Transformation Officer 1919 FLOWERS CIRCLE, THOMASVILLE GA 31757
William Jameson Mcfadden director 140 BROADWAY, NEW YORK NY 10005
Brad Cashaw officer: Chief Supply Chain Officer 2711 NORTH HASKELL AVENUE, SUITE 3400, DALLAS TX 75204
Terry S Thomas director 6430 STEFANI DRIVE, DALLAS TX 75225
Casey Edward J. Jr. director 835 HAMILTON STREET, SUITE 150, ALLENTOWN PA 18101

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