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Bradespar (BSP:BRAP4) E10 : R$5.11 (As of Sep. 2024)


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What is Bradespar 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.

Bradespar's adjusted earnings per share data for the three months ended in Sep. 2024 was R$0.957. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$5.11 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Bradespar's average E10 Growth Rate was 21.60% per year. During the past 3 years, the average E10 Growth Rate was 35.70% 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 Bradespar was 35.70% per year. The lowest was 21.40% per year. And the median was 28.55% per year.

As of today (2024-12-14), Bradespar's current stock price is R$17.51. Bradespar's E10 for the quarter that ended in Sep. 2024 was R$5.11. Bradespar's Shiller PE Ratio of today is 3.43.

During the past 13 years, the highest Shiller PE Ratio of Bradespar was 17.10. The lowest was 3.50. And the median was 6.84.


Bradespar E10 Historical Data

The historical data trend for Bradespar'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.

Bradespar E10 Chart

Bradespar 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 2.41 2.05 3.46 4.49 4.91

Bradespar Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 4.22 4.91 4.61 4.73 5.11

Competitive Comparison of Bradespar's E10

For the Asset Management subindustry, Bradespar'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.


Bradespar's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Bradespar's Shiller PE Ratio distribution charts can be found below:

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.957/162.3424*162.3424
=0.957

Current CPI (Sep. 2024) = 162.3424.

Bradespar Quarterly Data

per share eps CPI Adj_EPS
201412 -0.869 94.194 -1.498
201503 -1.360 97.799 -2.258
201506 0.574 100.006 0.932
201509 -0.669 101.392 -1.071
201512 -4.736 104.247 -7.375
201603 0.795 106.979 1.206
201606 0.432 108.851 0.644
201609 0.144 109.986 0.213
201612 0.126 110.802 0.185
201703 1.006 111.869 1.460
201706 -0.279 112.115 -0.404
201709 1.641 112.777 2.362
201712 3.165 114.068 4.504
201803 -0.677 114.868 -0.957
201806 -1.479 117.038 -2.052
201809 0.294 117.881 0.405
201812 4.705 118.340 6.454
201903 -0.848 120.124 -1.146
201906 -0.051 120.977 -0.068
201909 0.863 121.292 1.155
201912 -0.927 123.436 -1.219
202003 0.128 124.092 0.167
202006 0.695 123.557 0.913
202009 2.026 125.095 2.629
202012 0.829 129.012 1.043
202103 4.589 131.660 5.658
202106 5.354 133.871 6.493
202109 2.809 137.913 3.307
202112 7.073 141.992 8.087
202203 2.208 146.537 2.446
202206 2.370 149.784 2.569
202209 2.538 147.800 2.788
202212 1.789 150.207 1.934
202303 1.835 153.352 1.943
202306 0.418 154.519 0.439
202309 1.026 155.464 1.071
202312 1.252 157.148 1.293
202403 0.820 159.372 0.835
202406 1.279 161.052 1.289
202409 0.957 162.342 0.957

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


Bradespar  (BSP:BRAP4) 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.

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

Shiller PE Ratio=Share Price/E10
=17.51/5.11
=3.43

* 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 Bradespar was 17.10. The lowest was 3.50. And the median was 6.84.


Be Aware

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


Bradespar E10 Related Terms

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


Bradespar Business Description

Traded in Other Exchanges
Address
Avenue Paulista 1450 - 9th floor, Cerqueira Cesar, Sao paulo, SP, BRA, 1310917
Bradespar SA is a Brazil-based holding company whose corporate purpose and single business segment is to hold equity interest as a partner or shareholder in other companies. Its holding companies include Millennium Security Holdings, which does business in the British Virgin Islands; and Vale S.A., which produces iron ore, raw materials for the steel and nickel industries, and metals. The company's operating income originates from equity accounting, dividends, and interest on equity received from Vale and interest from redeemable shares received.

Bradespar Headlines

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