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Fidelity Southern (Fidelity Southern) E10 : $1.18 (As of Mar. 2019)


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What is Fidelity Southern 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.

Fidelity Southern's adjusted earnings per share data for the three months ended in Mar. 2019 was $0.220. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.18 for the trailing ten years ended in Mar. 2019.

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 (2024-04-29), Fidelity Southern's current stock price is $30.97. Fidelity Southern's E10 for the quarter that ended in Mar. 2019 was $1.18. Fidelity Southern's Shiller PE Ratio of today is 26.25.


Fidelity Southern E10 Historical Data

The historical data trend for Fidelity Southern'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.

Fidelity Southern E10 Chart

Fidelity Southern Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.60 0.65 0.70 0.80 1.10

Fidelity Southern Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 0.83 0.89 0.99 1.10 1.18

Competitive Comparison of Fidelity Southern's E10

For the Banks - Regional subindustry, Fidelity Southern'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.


Fidelity Southern's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Fidelity Southern's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Fidelity Southern's Shiller PE Ratio falls into.



Fidelity Southern 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, Fidelity Southern's adjusted earnings per share data for the three months ended in Mar. 2019 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2019 (Change)*Current CPI (Mar. 2019)
=0.22/107.2505*107.2505
=0.220

Current CPI (Mar. 2019) = 107.2505.

Fidelity Southern Quarterly Data

per share eps CPI Adj_EPS
200906 -0.322 91.003 -0.379
200909 -0.036 91.120 -0.042
200912 0.088 91.111 0.104
201003 -0.054 91.821 -0.063
201006 0.301 91.962 0.351
201009 0.091 92.162 0.106
201012 0.162 92.474 0.188
201103 0.075 94.283 0.085
201106 0.192 95.235 0.216
201109 0.077 95.727 0.086
201112 0.192 95.213 0.216
201203 0.274 96.783 0.304
201206 0.335 96.819 0.371
201209 0.436 97.633 0.479
201212 0.271 96.871 0.300
201303 0.330 98.209 0.360
201306 0.460 98.518 0.501
201309 0.300 98.790 0.326
201312 0.159 98.326 0.173
201403 0.260 99.695 0.280
201406 0.340 100.560 0.363
201409 0.380 100.428 0.406
201412 0.310 99.070 0.336
201503 0.450 99.621 0.484
201506 0.540 100.684 0.575
201509 0.390 100.392 0.417
201512 0.280 99.792 0.301
201603 0.180 100.470 0.192
201606 0.260 101.688 0.274
201609 0.480 101.861 0.505
201612 0.570 101.863 0.600
201703 0.400 102.862 0.417
201706 0.330 103.349 0.342
201709 0.300 104.136 0.309
201712 0.460 104.011 0.474
201803 0.430 105.290 0.438
201806 0.340 106.317 0.343
201809 0.470 106.507 0.473
201812 0.360 105.998 0.364
201903 0.220 107.251 0.220

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


Fidelity Southern  (NAS:LION) 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.

Fidelity Southern's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=30.97/1.18
=26.25

* 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.


Fidelity Southern E10 Related Terms

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


Fidelity Southern (Fidelity Southern) Business Description

Traded in Other Exchanges
N/A
Address
3490 Piedmont Road, Suite 1550, Atlanta, GA, USA, 30305
Fidelity Southern Corporation operates as the bank holding company based in the metropolitan Atlanta area. It offers financial products and services for business and retail customers primarily in the metropolitan Atlanta and Jacksonville, Orlando and Sarasota-Bradenton and Florida markets. The company serves both individuals and small to medium-sized businesses. It is primarily engaged in attracting deposits from individuals and businesses and using these deposits and borrowed funds to originate commercial, residential mortgage, construction and installment loans. In addition, it also conducts indirect automobile lending, residential mortgage lending, and Small Business Administration lending activities in over 10 states.
Executives
William Millard Choate director 3490 PIEDMONT ROAD, SUITE 1550, ATLANTA GA 30305
Rodney D Bullard director 3490 PIEDMONT ROAD, NE, SUITE 1550, ATLANTA GA 30305
Miller James B Jr director, 10 percent owner, officer: Chairman, other: Executive Officer C/O FIDELITY SOUTHERN CORPORATION, 3490 PIEDMONT ROAD #1550, ATLANTA GA 30305
Proctor H Palmer Jr director, officer: Executive officer
Stephen H Brolly officer: Chief Financial Officer, other: Executive Officer 500 SOUTH SERVICE ROAD EAST, RUSTON LA 71270
Miller James H Iii director GEORGIA POWER CO, BIN 10240 241 RALPH MCGILL BLVD, ATLANTA GA 30308-3374