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FrieslandCampina Engro Pakistan (KAR:FCEPL) E10 : ₨1.89 (As of Mar. 2024)


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What is FrieslandCampina Engro Pakistan 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.

FrieslandCampina Engro Pakistan's adjusted earnings per share data for the three months ended in Mar. 2024 was ₨0.870. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₨1.89 for the trailing ten years ended in Mar. 2024.

During the past 12 months, FrieslandCampina Engro Pakistan's average E10 Growth Rate was 6.20% 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 (2024-05-15), FrieslandCampina Engro Pakistan's current stock price is ₨72.51. FrieslandCampina Engro Pakistan's E10 for the quarter that ended in Mar. 2024 was ₨1.89. FrieslandCampina Engro Pakistan's Shiller PE Ratio of today is 38.37.

During the past 13 years, the highest Shiller PE Ratio of FrieslandCampina Engro Pakistan was 51.92. The lowest was 30.49. And the median was 38.04.


FrieslandCampina Engro Pakistan E10 Historical Data

The historical data trend for FrieslandCampina Engro Pakistan'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.

FrieslandCampina Engro Pakistan E10 Chart

FrieslandCampina Engro Pakistan 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 - - 1.82 1.73 1.84

FrieslandCampina Engro Pakistan 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 1.78 1.76 1.79 1.84 1.89

Competitive Comparison of FrieslandCampina Engro Pakistan's E10

For the Packaged Foods subindustry, FrieslandCampina Engro Pakistan'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.


FrieslandCampina Engro Pakistan's Shiller PE Ratio Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where FrieslandCampina Engro Pakistan's Shiller PE Ratio falls into.



FrieslandCampina Engro Pakistan 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, FrieslandCampina Engro Pakistan's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.87/129.4194*129.4194
=0.870

Current CPI (Mar. 2024) = 129.4194.

FrieslandCampina Engro Pakistan Quarterly Data

per share eps CPI Adj_EPS
201406 0.180 100.560 0.232
201409 -0.100 100.428 -0.129
201412 0.830 99.070 1.084
201503 1.390 99.621 1.806
201506 1.190 100.684 1.530
201509 0.810 100.392 1.044
201512 0.740 99.792 0.960
201603 1.450 100.470 1.868
201606 1.110 101.688 1.413
201609 0.830 101.861 1.055
201612 -0.270 101.863 -0.343
201703 0.430 102.862 0.541
201706 -0.190 103.349 -0.238
201709 0.260 104.136 0.323
201712 -0.010 104.011 -0.012
201803 0.390 105.290 0.479
201806 0.270 106.317 0.329
201809 0.002 106.507 0.002
201812 -0.590 105.998 -0.720
201903 0.110 107.251 0.133
201906 -0.420 108.070 -0.503
201909 -0.740 108.329 -0.884
201912 -0.200 108.420 -0.239
202003 -0.170 108.902 -0.202
202006 0.550 108.767 0.654
202009 0.040 109.815 0.047
202012 -0.190 109.897 -0.224
202103 0.710 111.754 0.822
202106 1.130 114.631 1.276
202109 0.710 115.734 0.794
202112 -0.210 117.630 -0.231
202203 0.870 121.301 0.928
202206 0.360 125.017 0.373
202209 1.080 125.227 1.116
202212 0.920 125.222 0.951
202303 1.290 127.348 1.311
202306 0.440 128.729 0.442
202309 0.330 129.860 0.329
202312 -0.090 129.419 -0.090
202403 0.870 129.419 0.870

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


FrieslandCampina Engro Pakistan  (KAR:FCEPL) 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.

FrieslandCampina Engro Pakistan's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=72.51/1.89
=38.37

* 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 FrieslandCampina Engro Pakistan was 51.92. The lowest was 30.49. And the median was 38.04.


Be Aware

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


FrieslandCampina Engro Pakistan E10 Related Terms

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


FrieslandCampina Engro Pakistan (KAR:FCEPL) Business Description

Traded in Other Exchanges
N/A
Address
Harbor Front Building, 5th Floor, HC-3, Near Marine Drive, Block - 4, Clifton, Karachi, PAK, 75600
FrieslandCampina Engro Pakistan Ltd is involved in the business of manufacturing, process, and selling dairy products, beverages, ice cream, and frozen desserts. It also owns and operates dairy farms. It sells its products under the brand name Olper's, Dairy Omung, Omore, and others. Its operating segment of the company is Dairy-Based products & frozen desserts out of which the majority comes from Dairy-Based products.

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