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Energisa (BSP:ENGI3) E10 : R$0.74 (As of Dec. 2023)


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What is Energisa 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.

Energisa's adjusted earnings per share data for the three months ended in Dec. 2023 was R$0.243. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$0.74 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Energisa's average E10 Growth Rate was 12.10% per year. During the past 3 years, the average E10 Growth Rate was 22.80% per year. During the past 5 years, the average E10 Growth Rate was 17.10% 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 Energisa was 24.70% per year. The lowest was 12.80% per year. And the median was 22.80% per year.

As of today (2024-04-28), Energisa's current stock price is R$14.49. Energisa's E10 for the quarter that ended in Dec. 2023 was R$0.74. Energisa's Shiller PE Ratio of today is 19.58.

During the past 13 years, the highest Shiller PE Ratio of Energisa was 46.81. The lowest was 6.43. And the median was 25.70.


Energisa E10 Historical Data

The historical data trend for Energisa'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.

Energisa E10 Chart

Energisa 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 0.34 0.40 0.56 0.66 0.74

Energisa Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.66 0.68 0.70 0.72 0.74

Competitive Comparison of Energisa's E10

For the Utilities - Renewable subindustry, Energisa'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.


Energisa's Shiller PE Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Energisa's Shiller PE Ratio distribution charts can be found below:

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.243/156.2729*156.2729
=0.243

Current CPI (Dec. 2023) = 156.2729.

Energisa Quarterly Data

per share eps CPI Adj_EPS
201403 0.057 90.447 0.098
201406 0.072 91.838 0.123
201409 0.139 92.602 0.235
201412 0.114 94.194 0.189
201503 0.210 97.799 0.336
201506 0.021 100.006 0.033
201509 -0.095 101.392 -0.146
201512 0.112 104.247 0.168
201603 0.082 106.979 0.120
201606 -0.022 108.851 -0.032
201609 0.023 109.986 0.033
201612 0.016 110.802 0.023
201703 0.065 111.869 0.091
201706 0.033 112.115 0.046
201709 0.066 112.777 0.091
201712 0.150 114.068 0.206
201803 0.073 114.868 0.099
201806 0.056 117.038 0.075
201809 0.135 117.881 0.179
201812 0.372 118.340 0.491
201903 0.058 120.124 0.075
201906 -0.026 120.977 -0.034
201909 0.018 121.292 0.023
201912 0.178 123.436 0.225
202003 0.308 124.092 0.388
202006 -0.055 123.557 -0.070
202009 0.456 125.095 0.570
202012 0.074 129.012 0.090
202103 0.481 131.660 0.571
202106 0.365 133.871 0.426
202109 0.412 137.913 0.467
202112 0.158 141.992 0.174
202203 0.269 146.537 0.287
202206 0.491 149.784 0.512
202209 0.183 147.800 0.193
202212 0.181 150.207 0.188
202303 0.189 153.352 0.193
202306 0.221 154.519 0.224
202309 0.240 155.464 0.241
202312 0.243 156.273 0.243

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


Energisa  (BSP:ENGI3) 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.

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

Shiller PE Ratio=Share Price/E10
=14.49/0.74
=19.58

* 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 Energisa was 46.81. The lowest was 6.43. And the median was 25.70.


Be Aware

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


Energisa E10 Related Terms

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


Energisa (BSP:ENGI3) Business Description

Traded in Other Exchanges
Address
Praca Rui Barbosa, 80, Centro, Cataguases, MG, BRA, 36770-901
Energisa SA is a holding company. Energisa along with its subsidiaries is engaged in the production of energy from renewable sources and; the transmission and distribution of electricity. The company segments include Distribution, Generation, Transmission, Sales and Services and Trading. It generates maximum revenue from the Distribution segment. The company distributes its electricity to residential, industrial, commercial, rural, Government, Public lighting, Public utility and other class areas in Brazil.

Energisa (BSP:ENGI3) Headlines

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