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Adecoagro (Adecoagro) E10 : $0.38 (As of Sep. 2023)


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What is Adecoagro 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.

Adecoagro's adjusted earnings per share data for the three months ended in Sep. 2023 was $0.705. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.38 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Adecoagro's average E10 Growth Rate was 65.20% per year. During the past 3 years, the average E10 Growth Rate was 175.90% 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 Adecoagro was 175.90% per year. The lowest was 175.90% per year. And the median was 175.90% per year.

As of today (2024-04-28), Adecoagro's current stock price is $11.05. Adecoagro's E10 for the quarter that ended in Sep. 2023 was $0.38. Adecoagro's Shiller PE Ratio of today is 29.08.

During the past 13 years, the highest Shiller PE Ratio of Adecoagro was 863.00. The lowest was 25.87. And the median was 97.73.


Adecoagro E10 Historical Data

The historical data trend for Adecoagro'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.

Adecoagro E10 Chart

Adecoagro Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.10 0.01 0.05 0.11 0.21

Adecoagro Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.23 0.21 0.23 0.30 0.38

Competitive Comparison of Adecoagro's E10

For the Farm Products subindustry, Adecoagro'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.


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

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

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



Adecoagro 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, Adecoagro's adjusted earnings per share data for the three months ended in Sep. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=0.705/121.7400*121.7400
=0.705

Current CPI (Sep. 2023) = 121.7400.

Adecoagro Quarterly Data

per share eps CPI Adj_EPS
201312 0.037 99.440 0.045
201403 0.021 99.740 0.026
201406 0.012 99.960 0.015
201409 0.093 99.900 0.113
201412 -0.036 98.830 -0.044
201503 -0.054 99.980 -0.066
201506 -0.043 100.640 -0.052
201509 0.131 100.380 0.159
201512 -0.082 99.910 -0.100
201603 0.010 100.030 0.012
201606 -0.148 100.660 -0.179
201609 0.053 100.750 0.064
201612 0.175 101.040 0.211
201703 0.041 101.780 0.049
201706 0.030 102.170 0.036
201709 -0.025 102.520 -0.030
201712 0.041 102.410 0.049
201803 0.078 102.900 0.092
201806 -0.185 103.650 -0.217
201809 0.038 104.580 0.044
201812 -0.037 104.320 -0.043
201903 -0.027 105.140 -0.031
201906 0.200 105.550 0.231
201909 -0.259 105.900 -0.298
201912 0.082 106.080 0.094
202003 -0.471 106.040 -0.541
202006 -0.100 106.340 -0.114
202009 0.170 106.620 0.194
202012 0.404 106.670 0.461
202103 0.167 108.140 0.188
202106 0.143 108.680 0.160
202109 0.316 109.470 0.351
202112 0.529 111.090 0.580
202203 0.573 114.780 0.608
202206 0.168 116.750 0.175
202209 0.205 117.000 0.213
202212 0.025 117.060 0.026
202303 0.200 118.910 0.205
202306 0.429 120.460 0.434
202309 0.705 121.740 0.705

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


Adecoagro  (NYSE:AGRO) 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.

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

Shiller PE Ratio=Share Price/E10
=11.05/0.38
=29.08

* 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 Adecoagro was 863.00. The lowest was 25.87. And the median was 97.73.


Be Aware

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


Adecoagro E10 Related Terms

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


Adecoagro (Adecoagro) Business Description

Traded in Other Exchanges
Address
6, Rue Eugene Ruppert, Vertigo Naos Building, Luxembourg, LUX, L-2453
Adecoagro SA is a Luxembourg-based agricultural company. It is involved in a wide range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol, energy production, and land transformation. The company operates through three segments namely Farming, Sugar, Ethanol and Energy, and Land Transformation. The Farming segment consists of planting, harvesting, and sale of grains, oilseeds and fibers, rice, and production and sale of dairy products; the Sugar, Ethanol, and Energy segment consists of cultivating sugar cane which is processed in owned sugar mills, transformed into ethanol; and the Land Transformation segment comprises identification and acquisition of underdeveloped and undermanaged farmland.