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Digicore Holdings (JSE:DGC) E10 : R0.22 (As of Dec. 2014)


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What is Digicore Holdings 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.

Digicore Holdings's adjusted earnings per share data for the fiscal year that ended in Jun. 2014 was R0.028. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R0.22 for the trailing ten years ended in Jun. 2014.

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 (2024-05-16), Digicore Holdings's current stock price is R 4.40. Digicore Holdings's E10 for the fiscal year that ended in Jun. 2014 was R0.22. Digicore Holdings's Shiller PE Ratio of today is 20.00.


Digicore Holdings E10 Historical Data

The historical data trend for Digicore Holdings'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.

Digicore Holdings E10 Chart

Digicore Holdings Annual Data
Trend Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.26 0.22 0.22

Digicore Holdings Semi-Annual Data
Jun02 Jun03 Jun04 Jun05 Jun06 Jun07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14
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 - 0.22 0.04 0.22 -

Competitive Comparison of Digicore Holdings's E10

For the Scientific & Technical Instruments subindustry, Digicore Holdings'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.


Digicore Holdings's Shiller PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Digicore Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Digicore Holdings's Shiller PE Ratio falls into.



Digicore Holdings 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, Digicore Holdings's adjusted earnings per share data for the fiscal year that ended in Jun. 2014 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Jun. 2014 (Change)*Current CPI (Jun. 2014)
=0.028/95.8125*95.8125
=0.028

Current CPI (Jun. 2014) = 95.8125.

Digicore Holdings Annual Data

per_share_eps CPI Adj_EPS
200506 0.202 56.725 0.341
200606 0.003 58.651 0.005
200706 0.422 62.187 0.650
200806 0.642 68.780 0.894
200906 0.357 73.685 0.464
201006 0.208 76.628 0.260
201106 0.224 80.552 0.266
201206 0.117 85.021 0.132
201306 -0.247 89.708 -0.264
201406 0.028 95.813 0.028

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


Digicore Holdings  (JSE:DGC) 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.

Digicore Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4.40/0.22
=20.00

* 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.


Be Aware

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


Digicore Holdings E10 Related Terms

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


Digicore Holdings (JSE:DGC) Business Description

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Address
Digicore Holdings Limited provides machine (M2M) communication and telematics solutions. The company researches, designs, develop, manufactures, sells and supports tailored solutions for customers.

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