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Tehmag Foods (ROCO:1264) E10 : NT$16.29 (As of Mar. 2024)


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What is Tehmag Foods 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.

Tehmag Foods's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$5.070. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$16.29 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Tehmag Foods's average E10 Growth Rate was 6.40% 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 (2024-06-09), Tehmag Foods's current stock price is NT$312.50. Tehmag Foods's E10 for the quarter that ended in Mar. 2024 was NT$16.29. Tehmag Foods's Shiller PE Ratio of today is 19.18.

During the past 11 years, the highest Shiller PE Ratio of Tehmag Foods was 19.51. The lowest was 17.57. And the median was 18.64.


Tehmag Foods E10 Historical Data

The historical data trend for Tehmag Foods'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.

Tehmag Foods E10 Chart

Tehmag Foods 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 - - - - 15.79

Tehmag Foods 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 15.31 15.34 15.69 15.79 16.29

Competitive Comparison of Tehmag Foods's E10

For the Packaged Foods subindustry, Tehmag Foods'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.


Tehmag Foods's Shiller PE Ratio Distribution in the Consumer Packaged Goods Industry

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

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



Tehmag Foods 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, Tehmag Foods'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)
=5.07/131.7762*131.7762
=5.070

Current CPI (Mar. 2024) = 131.7762.

Tehmag Foods Quarterly Data

per share eps CPI Adj_EPS
201406 1.959 100.560 2.567
201409 1.959 100.428 2.570
201412 3.289 99.070 4.375
201503 2.909 99.621 3.848
201506 2.537 100.684 3.320
201509 2.579 100.392 3.385
201512 2.975 99.792 3.928
201603 2.793 100.470 3.663
201606 2.587 101.688 3.352
201609 2.927 101.861 3.787
201612 3.409 101.863 4.410
201703 3.000 102.862 3.843
201706 2.982 103.349 3.802
201709 3.109 104.136 3.934
201712 3.064 104.011 3.882
201803 2.591 105.290 3.243
201806 3.155 106.317 3.911
201809 3.336 106.507 4.127
201812 2.964 105.998 3.685
201903 2.900 107.251 3.563
201906 3.336 108.070 4.068
201909 3.145 108.329 3.826
201912 3.345 108.420 4.066
202003 2.955 108.902 3.576
202006 3.227 108.767 3.910
202009 4.380 109.815 5.256
202012 3.950 109.897 4.736
202103 4.070 111.754 4.799
202106 3.310 114.631 3.805
202109 3.920 115.734 4.463
202112 4.860 117.630 5.444
202203 4.420 121.301 4.802
202206 4.070 125.017 4.290
202209 4.290 125.227 4.514
202212 4.280 125.222 4.504
202303 4.440 127.348 4.594
202306 4.560 128.729 4.668
202309 4.790 129.860 4.861
202312 4.410 129.419 4.490
202403 5.070 131.776 5.070

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


Tehmag Foods  (ROCO:1264) 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.

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

Shiller PE Ratio=Share Price/E10
=312.50/16.29
=19.18

* 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 11 years, the highest Shiller P/E Ratio of Tehmag Foods was 19.51. The lowest was 17.57. And the median was 18.64.


Be Aware

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


Tehmag Foods E10 Related Terms

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


Tehmag Foods (ROCO:1264) Business Description

Traded in Other Exchanges
N/A
Address
No.31, Wuquan 5th Road, Wugu District, New Taipei, TWN
Tehmag Foods Corp is engaged in Baking, cooking and steaming food manufacturing industry; Flour milling industry; Food additive manufacturing industry; Noodle and vermicelli food manufacturing industry and Food and beverage retail industry. Its marketing channels include bakery shops, hotels, restaurants. The company offers baked goods, dairy products, all kinds of packaging materials and instruments of baking mixes.

Tehmag Foods (ROCO:1264) Headlines

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