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Budimex (LTS:0LRV) E10 : zł23.11 (As of Mar. 2024)


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What is Budimex 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.

Budimex's adjusted earnings per share data for the three months ended in Mar. 2024 was zł4.670. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł23.11 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Budimex's average E10 Growth Rate was 6.60% per year. During the past 3 years, the average E10 Growth Rate was 24.20% per year. During the past 5 years, the average E10 Growth Rate was 18.60% 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 Budimex was 24.20% per year. The lowest was 15.70% per year. And the median was 22.50% per year.

As of today (2024-05-14), Budimex's current stock price is zł690.844. Budimex's E10 for the quarter that ended in Mar. 2024 was zł23.11. Budimex's Shiller PE Ratio of today is 29.89.

During the past 13 years, the highest Shiller PE Ratio of Budimex was 32.16. The lowest was 9.53. And the median was 15.70.


Budimex E10 Historical Data

The historical data trend for Budimex'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.

Budimex E10 Chart

Budimex 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 11.19 11.31 21.22 16.48 22.62

Budimex 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 15.72 14.21 23.47 22.62 23.11

Competitive Comparison of Budimex's E10

For the Engineering & Construction subindustry, Budimex'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.


Budimex's Shiller PE Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Budimex's Shiller PE Ratio distribution charts can be found below:

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



Budimex 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, Budimex'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)
=4.67/147.5783*147.5783
=4.670

Current CPI (Mar. 2024) = 147.5783.

Budimex Quarterly Data

per share eps CPI Adj_EPS
201406 1.730 101.180 2.523
201409 1.880 100.611 2.758
201412 2.240 100.122 3.302
201503 1.460 100.041 2.154
201506 2.720 100.448 3.996
201509 2.140 99.634 3.170
201512 2.930 99.471 4.347
201603 2.020 98.983 3.012
201606 3.700 99.552 5.485
201609 4.110 99.064 6.123
201612 6.210 100.366 9.131
201703 3.340 101.018 4.879
201706 4.290 101.180 6.257
201709 5.580 101.343 8.126
201712 4.990 102.564 7.180
201803 2.480 102.564 3.568
201806 2.540 103.378 3.626
201809 4.020 103.378 5.739
201812 2.920 103.785 4.152
201903 1.120 104.274 1.585
201906 1.710 105.983 2.381
201909 2.550 105.983 3.551
201912 3.480 107.123 4.794
202003 0.860 109.076 1.164
202006 3.470 109.402 4.681
202009 5.740 109.320 7.749
202012 7.930 109.565 10.681
202103 2.640 112.658 3.458
202106 25.600 113.960 33.152
202109 3.960 115.588 5.056
202112 5.848 119.088 7.247
202203 2.210 125.031 2.609
202206 5.670 131.705 6.353
202209 6.160 135.531 6.708
202212 6.890 139.113 7.309
202303 4.160 145.950 4.206
202306 6.600 147.009 6.626
202309 6.880 146.113 6.949
202312 11.270 147.578 11.270
202403 4.670 147.578 4.670

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


Budimex  (LTS:0LRV) 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.

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

Shiller PE Ratio=Share Price/E10
=690.844/23.11
=29.89

* 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 Budimex was 32.16. The lowest was 9.53. And the median was 15.70.


Be Aware

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


Budimex E10 Related Terms

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


Budimex (LTS:0LRV) Business Description

Traded in Other Exchanges
Address
Siedmiogrodzka 9 Street, Warsaw, POL, 01-204
Budimex SA provides construction services, property development and management, and other systems to better coordinate resources and constructs complex structures. It offers a full spectrum of construction services, including general contracting for commercial buildings, residential buildings, and sports facilities. In addition, the company develops roads, rail systems, airport infrastructure, and other transportation amenities for various clients. Additional revenue is generated from constructing industrial plants, environmental facilities, and other large steel constructions. It utilizes technicians to suggest and provide optimal technological solutions to customers. The majority of revenue is derived from Poland.

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