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Winpak (TSX:WPK) E10 : C$2.62 (As of Mar. 2024)


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What is Winpak 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.

Winpak's adjusted earnings per share data for the three months ended in Mar. 2024 was C$0.744. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$2.62 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Winpak's average E10 Growth Rate was 9.20% per year. During the past 3 years, the average E10 Growth Rate was 10.60% per year. During the past 5 years, the average E10 Growth Rate was 10.10% per year. During the past 10 years, the average E10 Growth Rate was 13.10% 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 Winpak was 18.00% per year. The lowest was 7.00% per year. And the median was 10.40% per year.

As of today (2024-05-29), Winpak's current stock price is C$43.23. Winpak's E10 for the quarter that ended in Mar. 2024 was C$2.62. Winpak's Shiller PE Ratio of today is 16.50.

During the past 13 years, the highest Shiller PE Ratio of Winpak was 50.15. The lowest was 14.86. And the median was 29.24.


Winpak E10 Historical Data

The historical data trend for Winpak'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.

Winpak E10 Chart

Winpak 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 1.75 1.89 2.07 2.32 2.56

Winpak 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 2.40 2.48 2.53 2.56 2.62

Competitive Comparison of Winpak's E10

For the Packaging & Containers subindustry, Winpak'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.


Winpak's Shiller PE Ratio Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Winpak's Shiller PE Ratio distribution charts can be found below:

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



Winpak 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, Winpak'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)
=0.744/126.2576*126.2576
=0.744

Current CPI (Mar. 2024) = 126.2576.

Winpak Quarterly Data

per share eps CPI Adj_EPS
201406 0.325 99.473 0.413
201409 0.330 99.394 0.419
201412 0.415 98.367 0.533
201503 0.442 99.789 0.559
201506 0.507 100.500 0.637
201509 0.451 100.421 0.567
201512 0.590 99.947 0.745
201603 0.542 101.054 0.677
201606 0.503 102.002 0.623
201609 0.485 101.765 0.602
201612 0.587 101.449 0.731
201703 0.589 102.634 0.725
201706 0.532 103.029 0.652
201709 0.479 103.345 0.585
201712 0.779 103.345 0.952
201803 0.530 105.004 0.637
201806 0.564 105.557 0.675
201809 0.560 105.636 0.669
201812 0.551 105.399 0.660
201903 0.588 106.979 0.694
201906 0.638 107.690 0.748
201909 0.583 107.611 0.684
201912 0.540 107.769 0.633
202003 0.503 107.927 0.588
202006 0.610 108.401 0.710
202009 0.542 108.164 0.633
202012 0.538 108.559 0.626
202103 0.478 110.298 0.547
202106 0.538 111.720 0.608
202109 0.405 112.905 0.453
202112 0.589 113.774 0.654
202203 0.658 117.646 0.706
202206 0.666 120.806 0.696
202209 0.600 120.648 0.628
202212 0.652 120.964 0.681
202303 0.821 122.702 0.845
202306 0.824 124.203 0.838
202309 0.704 125.230 0.710
202312 0.724 125.072 0.731
202403 0.744 126.258 0.744

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


Winpak  (TSX:WPK) 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.

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

Shiller PE Ratio=Share Price/E10
=43.23/2.62
=16.50

* 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 Winpak was 50.15. The lowest was 14.86. And the median was 29.24.


Be Aware

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


Winpak E10 Related Terms

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


Winpak (TSX:WPK) Business Description

Traded in Other Exchanges
Address
100 Saulteaux Crescent, Winnipeg, MB, CAN, R3J 3T3
Winpak Ltd manufactures and sells a variety of packaging materials and related packaging machines. The packaging materials are used primarily for perishable foods, beverages, and healthcare applications. It operates in three segments: flexible packaging, rigid packaging & flexible lidding, and packaging machinery. The flexible packaging segment includes modified atmosphere packaging, specialty films, and biaxially oriented nylon product groups. The rigid packaging and flexible lidding segment include rigid containers, lidding, and specialized printed packaging product groups. The company's geographical segments include the United States, Canada, and Mexico & others.
Executives
Dave Alexander Senior Officer

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