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BRF (BSP:BRFS3) E10 : R$-0.25 (As of Sep. 2024)


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What is BRF 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.

BRF's adjusted earnings per share data for the three months ended in Sep. 2024 was R$0.617. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$-0.25 for the trailing ten years ended in Sep. 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of BRF was 10.30% per year. The lowest was -34.00% per year. And the median was -1.50% per year.

As of today (2024-12-11), BRF's current stock price is R$27.75. BRF's E10 for the quarter that ended in Sep. 2024 was R$-0.25. BRF's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of BRF was 190.00. The lowest was 11.35. And the median was 28.73.


BRF E10 Historical Data

The historical data trend for BRF'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.

BRF E10 Chart

BRF 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 0.73 0.78 0.65 0.21 -0.17

BRF 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 -0.20 -0.17 -0.20 -0.19 -0.25

Competitive Comparison of BRF's E10

For the Packaged Foods subindustry, BRF'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.


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

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

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



BRF 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, BRF'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)
=0.617/162.3424*162.3424
=0.617

Current CPI (Sep. 2024) = 162.3424.

BRF Quarterly Data

per share eps CPI Adj_EPS
201412 1.115 94.194 1.922
201503 0.517 97.799 0.858
201506 0.404 100.006 0.656
201509 0.975 101.392 1.561
201512 1.637 104.247 2.549
201603 0.046 106.979 0.070
201606 0.020 108.851 0.030
201609 0.019 109.986 0.028
201612 -0.531 110.802 -0.778
201703 -0.335 111.869 -0.486
201706 -0.198 112.115 -0.287
201709 0.163 112.777 0.235
201712 -0.959 114.068 -1.365
201803 -0.086 114.868 -0.122
201806 -1.736 117.038 -2.408
201809 -0.937 117.881 -1.290
201812 -2.466 118.340 -3.383
201903 -1.171 120.124 -1.583
201906 0.381 120.977 0.511
201909 0.343 121.292 0.459
201912 0.647 123.436 0.851
202003 -0.057 124.092 -0.075
202006 0.362 123.557 0.476
202009 0.257 125.095 0.334
202012 1.318 129.012 1.659
202103 0.030 131.660 0.037
202106 -0.300 133.871 -0.364
202109 -0.680 137.913 -0.800
202112 1.640 141.992 1.875
202203 -1.620 146.537 -1.795
202206 -0.500 149.784 -0.542
202209 -0.110 147.800 -0.121
202212 -0.850 150.207 -0.919
202303 -0.960 153.352 -1.016
202306 -1.260 154.519 -1.324
202309 -0.242 155.464 -0.253
202312 0.729 157.148 0.753
202403 0.300 159.372 0.306
202406 0.592 161.052 0.597
202409 0.617 162.342 0.617

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


BRF  (BSP:BRFS3) 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.

During the past 13 years, the highest Shiller P/E Ratio of BRF was 190.00. The lowest was 11.35. And the median was 28.73.


Be Aware

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


BRF E10 Related Terms

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


BRF Business Description

Address
Avenida das Nacoes Unidas, 8501 – 1st Floor, Pinheiros, Sao Paulo, SP, BRA, 05425-070
BRF SA is an international producer of fresh and frozen protein foods. The firm's segments are In-natura (poultry, pork, bovine, and other), Processed, and Other sales. The product portfolio includes marinated, frozen, whole and cut meat, specialty meats, portioned products, and frozen prepared entrees. The company also offers margarine, sweet specialties, sandwiches, mayonnaise, and animal feed. Its brands are Sadia, Chester, Perdix, Paty, Perdigao, and Qualy. Internationally, the portfolio's majority brand is Sadia, which is present in multiple categories in Middle Eastern countries. Geographically, sales are distributed evenly between Brazil and international markets.

BRF Headlines

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