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FDC (BOM:531599) E10 : ₹30.17 (As of Dec. 2024)


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What is FDC 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.

FDC's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹2.280. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹30.17 for the trailing ten years ended in Dec. 2024.

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 (2025-03-02), FDC's current stock price is ₹381.85. FDC's E10 for the quarter that ended in Dec. 2024 was ₹30.17. FDC's Shiller PE Ratio of today is 12.66.

During the past 13 years, the highest Shiller PE Ratio of FDC was 17.94. The lowest was 12.65. And the median was 16.24.


FDC E10 Historical Data

The historical data trend for FDC'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.

FDC E10 Chart

FDC Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

FDC Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 - - - 30.74 30.17

Competitive Comparison of FDC's E10

For the Drug Manufacturers - Specialty & Generic subindustry, FDC'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.


FDC's Shiller PE Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, FDC's Shiller PE Ratio distribution charts can be found below:

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



FDC 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, FDC's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=2.28/159.2043*159.2043
=2.280

Current CPI (Dec. 2024) = 159.2043.

FDC Quarterly Data

per share eps CPI Adj_EPS
200603 3.650 45.521 12.765
200703 3.430 48.581 11.240
200803 3.300 52.407 10.025
200903 4.520 56.615 12.711
201003 7.990 65.030 19.561
201103 8.110 70.768 18.245
201203 7.300 76.889 15.115
201303 8.510 85.687 15.811
201403 7.590 91.425 13.217
201503 8.330 97.163 13.649
201603 9.480 102.518 14.722
201703 10.600 105.196 16.042
201803 9.760 109.786 14.153
201806 2.802 111.317 4.007
201809 2.310 115.142 3.194
201812 2.620 115.142 3.623
201903 2.000 118.202 2.694
201906 3.220 120.880 4.241
201909 3.140 123.175 4.058
201912 4.310 126.235 5.436
202003 3.220 124.705 4.111
202006 5.360 127.000 6.719
202009 5.150 130.118 6.301
202012 4.450 130.889 5.413
202103 2.720 131.771 3.286
202106 5.800 134.084 6.887
202109 4.280 135.847 5.016
202112 2.110 138.161 2.431
202203 0.619 138.822 0.710
202206 4.230 142.347 4.731
202209 3.100 144.661 3.412
202212 2.450 145.763 2.676
202303 1.851 146.865 2.007
202306 6.620 150.280 7.013
202309 4.220 151.492 4.435
202312 4.860 152.924 5.060
202403 2.697 153.035 2.806
202406 7.310 155.789 7.470
202409 4.430 157.882 4.467
202412 2.280 159.204 2.280

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


FDC  (BOM:531599) 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.

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

Shiller PE Ratio=Share Price/E10
=381.85/30.17
=12.66

* 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 FDC was 17.94. The lowest was 12.65. And the median was 16.24.


Be Aware

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


FDC E10 Related Terms

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


FDC Business Description

Traded in Other Exchanges
Address
106 A, J. P. Road, C-3 Skyvistas, D.N. Nagar, Near Versova Police Station, Andheri (West), Mumbai, MH, IND, 400053
FDC Ltd is principally engaged in the business of manufacturing and trading pharmaceutical products. It has its presence in numerous therapeutic segments including anti-infectives, gastrointestinal treatments, ophthalmics, vitamins, minerals, dietary supplements, cardiovascular solutions, anti-diabetics, and others. The company's different pharmaceutical products are marketed through brands such as Electral, Enerzal, Zifi, Zocon, Vitcofol, Otek Ac Neo, Amodep AT, Simyl MCT Oil, and many others. Geographically, the company derives maximum revenue from India and the rest from the United States of America, and other regions.

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