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Suzano (BUE:SUZ) E10 : ARS548.81 (As of Dec. 2023)


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What is Suzano 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.

Suzano's adjusted earnings per share data for the three months ended in Dec. 2023 was ARS257.012. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS548.81 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Suzano's average E10 Growth Rate was 70.20% 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 Suzano was 54.00% per year. The lowest was 54.00% per year. And the median was 54.00% per year.

As of today (2024-04-27), Suzano's current stock price is ARS12367.00. Suzano's E10 for the quarter that ended in Dec. 2023 was ARS548.81. Suzano's Shiller PE Ratio of today is 22.53.

During the past 13 years, the highest Shiller PE Ratio of Suzano was 95.37. The lowest was 17.21. And the median was 39.82.


Suzano E10 Historical Data

The historical data trend for Suzano'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.

Suzano E10 Chart

Suzano 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 9.10 -19.25 -5.74 107.79 548.81

Suzano 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 107.79 168.37 272.96 406.41 548.81

Competitive Comparison of Suzano's E10

For the Paper & Paper Products subindustry, Suzano'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.


Suzano's Shiller PE Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Suzano's Shiller PE Ratio distribution charts can be found below:

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



Suzano 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, Suzano'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)
=257.012/156.2729*156.2729
=257.012

Current CPI (Dec. 2023) = 156.2729.

Suzano Quarterly Data

per share eps CPI Adj_EPS
201403 0.592 90.447 1.023
201406 0.304 91.838 0.517
201409 -1.126 92.602 -1.900
201412 -0.551 94.194 -0.914
201503 -1.845 97.799 -2.948
201506 1.222 100.006 1.910
201509 -1.990 101.392 -3.067
201512 0.979 104.247 1.468
201603 3.809 106.979 5.564
201606 7.285 108.851 10.459
201609 0.208 109.986 0.296
201612 -1.399 110.802 -1.973
201703 2.032 111.869 2.839
201706 0.909 112.115 1.267
201709 4.098 112.777 5.679
201712 1.959 114.068 2.684
201803 4.525 114.868 6.156
201806 -11.129 117.038 -14.860
201809 -0.883 117.881 -1.171
201812 12.984 118.340 17.146
201903 -9.535 120.124 -12.404
201906 6.011 120.977 7.765
201909 -34.823 121.292 -44.866
201912 12.624 123.436 15.982
202003 -126.374 124.092 -159.147
202006 -20.118 123.557 -25.445
202009 -11.825 125.095 -14.772
202012 69.340 129.012 83.992
202103 -32.668 131.660 -38.775
202106 140.092 133.871 163.536
202109 -13.206 137.913 -14.964
202112 30.570 141.992 33.644
202203 164.796 146.537 175.745
202206 3.112 149.784 3.247
202209 109.476 147.800 115.752
202212 182.072 150.207 189.425
202303 152.094 153.352 154.991
202306 193.039 154.519 195.230
202309 -40.280 155.464 -40.490
202312 257.012 156.273 257.012

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


Suzano  (BUE:SUZ) 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.

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

Shiller PE Ratio=Share Price/E10
=12367.00/548.81
=22.53

* 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 Suzano was 95.37. The lowest was 17.21. And the median was 39.82.


Be Aware

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


Suzano E10 Related Terms

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


Suzano (BUE:SUZ) Business Description

Traded in Other Exchanges
Address
Avenida Professor Magalhaes Neto, No. 1,752, 10th Floor, Rooms 1010 and 1011, Salvador, BA, BRA, 41810-011
Suzano SA produces and sells pulp and a variety of paper products. The company organizes itself into two segments based on product type: Pulp and Paper. The Pulp segment generates the majority of revenue. The firm's product portfolio includes printing and writing paper, paperboard, diapers, and sanitary napkins. The company owns forest land and plants in Brazil, where it harvests timber and turns the timber into pulp and paper in its plants. More revenue comes from Europe than any other geographic area.