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Alpha Microelectronics (ROCO:8024) E10 : NT$0.34 (As of Mar. 2024)


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What is Alpha Microelectronics 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.

Alpha Microelectronics's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$-0.340. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$0.34 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Alpha Microelectronics's average E10 Growth Rate was -38.20% per year. During the past 3 years, the average E10 Growth Rate was 22.90% 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 Alpha Microelectronics was 22.90% per year. The lowest was -0.60% per year. And the median was 11.15% per year.

As of today (2024-06-10), Alpha Microelectronics's current stock price is NT$20.70. Alpha Microelectronics's E10 for the quarter that ended in Mar. 2024 was NT$0.34. Alpha Microelectronics's Shiller PE Ratio of today is 60.88.

During the past 13 years, the highest Shiller PE Ratio of Alpha Microelectronics was 200.50. The lowest was 9.20. And the median was 47.79.


Alpha Microelectronics E10 Historical Data

The historical data trend for Alpha Microelectronics'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.

Alpha Microelectronics E10 Chart

Alpha Microelectronics 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 0.56 0.21 0.35 0.55 0.39

Alpha Microelectronics 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 0.55 0.48 0.45 0.39 0.34

Competitive Comparison of Alpha Microelectronics's E10

For the Semiconductors subindustry, Alpha Microelectronics'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.


Alpha Microelectronics's Shiller PE Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Alpha Microelectronics's Shiller PE Ratio distribution charts can be found below:

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



Alpha Microelectronics 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, Alpha Microelectronics'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)
=-0.34/131.7762*131.7762
=-0.340

Current CPI (Mar. 2024) = 131.7762.

Alpha Microelectronics Quarterly Data

per share eps CPI Adj_EPS
201406 0.420 100.560 0.550
201409 0.070 100.428 0.092
201412 0.340 99.070 0.452
201503 -0.100 99.621 -0.132
201506 0.180 100.684 0.236
201509 0.010 100.392 0.013
201512 0.080 99.792 0.106
201603 -0.300 100.470 -0.393
201606 0.420 101.688 0.544
201609 0.010 101.861 0.013
201612 0.120 101.863 0.155
201703 -0.270 102.862 -0.346
201706 0.380 103.349 0.485
201709 -0.040 104.136 -0.051
201712 0.040 104.011 0.051
201803 -0.470 105.290 -0.588
201806 0.490 106.317 0.607
201809 0.050 106.507 0.062
201812 0.070 105.998 0.087
201903 -0.250 107.251 -0.307
201906 0.310 108.070 0.378
201909 -0.040 108.329 -0.049
201912 -0.440 108.420 -0.535
202003 -0.300 108.902 -0.363
202006 -0.410 108.767 -0.497
202009 -0.120 109.815 -0.144
202012 -0.010 109.897 -0.012
202103 0.050 111.754 0.059
202106 0.530 114.631 0.609
202109 0.500 115.734 0.569
202112 0.580 117.630 0.650
202203 0.630 121.301 0.684
202206 0.630 125.017 0.664
202209 0.960 125.227 1.010
202212 -0.070 125.222 -0.074
202303 -0.280 127.348 -0.290
202306 -0.020 128.729 -0.020
202309 -0.070 129.860 -0.071
202312 -0.490 129.419 -0.499
202403 -0.340 131.776 -0.340

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


Alpha Microelectronics  (ROCO:8024) 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.

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

Shiller PE Ratio=Share Price/E10
=20.70/0.34
=60.88

* 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 Alpha Microelectronics was 200.50. The lowest was 9.20. And the median was 47.79.


Be Aware

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


Alpha Microelectronics E10 Related Terms

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


Alpha Microelectronics (ROCO:8024) Business Description

Traded in Other Exchanges
N/A
Address
No. 295, Section 2, Guangfu Road, 9th Floor, Hsinchu, TWN
Alpha Microelectronics Corp is a Taiwan based company engages in the design, research, development, application, and marketing of integrated circuits. Its product range covers voice ICs, voice integrated MCUs and IC recording products.

Alpha Microelectronics (ROCO:8024) Headlines

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