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Mercator Medical (FRA:MM2) E10 : €3.59 (As of Dec. 2023)


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What is Mercator Medical 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.

Mercator Medical's adjusted earnings per share data for the three months ended in Dec. 2023 was €0.245. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €3.59 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Mercator Medical's average E10 Growth Rate was 4.10% 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 (2024-05-18), Mercator Medical's current stock price is €10.34. Mercator Medical's E10 for the quarter that ended in Dec. 2023 was €3.59. Mercator Medical's Shiller PE Ratio of today is 2.88.

During the past 12 years, the highest Shiller PE Ratio of Mercator Medical was 3.24. The lowest was 2.43. And the median was 2.70.


Mercator Medical E10 Historical Data

The historical data trend for Mercator Medical'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.

Mercator Medical E10 Chart

Mercator Medical 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 - - - 3.27 3.59

Mercator Medical 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 3.27 3.27 3.67 3.29 3.59

Competitive Comparison of Mercator Medical's E10

For the Medical Instruments & Supplies subindustry, Mercator Medical'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.


Mercator Medical's Shiller PE Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Mercator Medical's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Mercator Medical's Shiller PE Ratio falls into.



Mercator Medical 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, Mercator Medical'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)
=0.245/147.7411*147.7411
=0.245

Current CPI (Dec. 2023) = 147.7411.

Mercator Medical Quarterly Data

per share eps CPI Adj_EPS
201403 0.043 101.262 0.063
201406 0.064 101.180 0.093
201409 0.097 100.611 0.142
201412 0.074 100.122 0.109
201503 0.086 100.041 0.127
201506 0.069 100.448 0.101
201509 0.069 99.634 0.102
201512 0.057 99.471 0.085
201603 0.071 98.983 0.106
201606 0.109 99.552 0.162
201609 0.133 99.064 0.198
201612 0.038 100.366 0.056
201703 0.000 101.018 0.000
201706 0.019 101.180 0.028
201709 0.048 101.343 0.070
201712 0.043 102.564 0.062
201803 0.109 102.564 0.157
201806 0.021 103.378 0.030
201809 0.040 103.378 0.057
201812 0.002 103.785 0.003
201903 -0.083 104.274 -0.118
201906 0.038 105.983 0.053
201909 0.019 105.983 0.026
201912 -0.029 107.123 -0.040
202003 0.478 109.076 0.647
202006 4.695 109.402 6.340
202009 7.978 109.320 10.782
202012 7.812 109.565 10.534
202103 6.547 112.658 8.586
202106 2.646 113.960 3.430
202109 1.025 115.588 1.310
202112 0.283 119.088 0.351
202203 0.169 125.031 0.200
202206 -0.271 131.705 -0.304
202209 0.442 135.531 0.482
202212 -5.004 139.113 -5.314
202303 -0.433 145.950 -0.438
202306 0.238 147.009 0.239
202309 -0.497 146.113 -0.503
202312 0.245 147.741 0.245

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


Mercator Medical  (FRA:MM2) 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.

Mercator Medical's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=10.34/3.59
=2.88

* 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 12 years, the highest Shiller P/E Ratio of Mercator Medical was 3.24. The lowest was 2.43. And the median was 2.70.


Be Aware

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


Mercator Medical E10 Related Terms

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


Mercator Medical (FRA:MM2) Business Description

Traded in Other Exchanges
Address
Ulica H. Modrzejewska 30, Krakow, POL, 31-327
Mercator Medical SA produces and sells medical gloves and distributor of medical disposables. The company's products - mainly gloves, dressings, disposable clothing and surgical drapes. It operates in Europe and Russia.

Mercator Medical (FRA:MM2) Headlines

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