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Trematon Capital Investments (JSE:TMT) E10 : R0.36 (As of Feb. 2024)


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What is Trematon Capital Investments 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.

Trematon Capital Investments's adjusted earnings per share data for the fiscal year that ended in Aug. 2023 was R0.317. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R0.36 for the trailing ten years ended in Aug. 2023.

During the past 3 years, the average E10 Growth Rate was 1.90% per year. During the past 5 years, the average E10 Growth Rate was 3.10% per year. During the past 10 years, the average E10 Growth Rate was 13.70% 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 Trematon Capital Investments was 39.70% per year. The lowest was 1.90% per year. And the median was 17.80% per year.

As of today (2024-06-14), Trematon Capital Investments's current stock price is R 2.09. Trematon Capital Investments's E10 for the fiscal year that ended in Aug. 2023 was R0.36. Trematon Capital Investments's Shiller PE Ratio of today is 5.81.

During the past 13 years, the highest Shiller PE Ratio of Trematon Capital Investments was 38.64. The lowest was 4.72. And the median was 10.00.


Trematon Capital Investments E10 Historical Data

The historical data trend for Trematon Capital Investments'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.

Trematon Capital Investments E10 Chart

Trematon Capital Investments Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.34 0.33 0.35 0.36

Trematon Capital Investments Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 - 0.35 - 0.36 -

Competitive Comparison of Trematon Capital Investments's E10

For the Real Estate Services subindustry, Trematon Capital Investments'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.


Trematon Capital Investments's Shiller PE Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Trematon Capital Investments's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Trematon Capital Investments's Shiller PE Ratio falls into.



Trematon Capital Investments 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, Trematon Capital Investments's adjusted earnings per share data for the fiscal year that ended in Aug. 2023 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Aug. 2023 (Change)*Current CPI (Aug. 2023)
=0.317/150.4220*150.4220
=0.317

Current CPI (Aug. 2023) = 150.4220.

Trematon Capital Investments Annual Data

per_share_eps CPI Adj_EPS
201408 0.227 96.794 0.353
201508 0.446 101.154 0.663
201608 0.211 107.476 0.295
201708 1.231 112.381 1.648
201808 0.151 117.831 0.193
201908 0.094 122.954 0.115
202008 -0.020 126.660 -0.024
202108 -0.079 133.003 -0.089
202208 0.081 143.536 0.085
202308 0.317 150.422 0.317

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


Trematon Capital Investments  (JSE:TMT) 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.

Trematon Capital Investments's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2.09/0.36
=5.81

* 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 Trematon Capital Investments was 38.64. The lowest was 4.72. And the median was 10.00.


Be Aware

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


Trematon Capital Investments E10 Related Terms

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


Trematon Capital Investments (JSE:TMT) Business Description

Traded in Other Exchanges
N/A
Address
42 Hans Strijdom Avenue, 3rd Floor, Aria North Wharf, Foreshore, Cape Town, WC, ZAF, 8001
Trematon Capital Investments Ltd operates as an investment holding company. The company's operating segment includes Property investments; Education; UK investments and Corporate and other. The company generates maximum revenue from the Property investments segment. The Property investments segment derived income from the sale of investment property and inventory, rental income on investment property, dividend income, and others.

Trematon Capital Investments (JSE:TMT) Headlines

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