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Endesa (CHIX:ELEE) E10 : €1.65 (As of Dec. 2023)


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What is Endesa 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.

Endesa's adjusted earnings per share data for the three months ended in Dec. 2023 was €-0.300. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.65 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Endesa's average E10 Growth Rate was -5.20% per year. During the past 3 years, the average E10 Growth Rate was 11.90% per year. During the past 5 years, the average E10 Growth Rate was -2.30% 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 Endesa was 11.90% per year. The lowest was -11.20% per year. And the median was 6.80% per year.

As of today (2024-05-23), Endesa's current stock price is €17.485. Endesa's E10 for the quarter that ended in Dec. 2023 was €1.65. Endesa's Shiller PE Ratio of today is 10.60.

During the past 13 years, the highest Shiller PE Ratio of Endesa was 20.68. The lowest was 7.04. And the median was 11.55.


Endesa E10 Historical Data

The historical data trend for Endesa'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.

Endesa E10 Chart

Endesa 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 1.42 1.17 1.61 1.76 1.65

Endesa 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 1.76 1.72 1.71 1.70 1.65

Competitive Comparison of Endesa's E10

For the Utilities - Regulated Electric subindustry, Endesa'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.


Endesa's Shiller PE Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Endesa's Shiller PE Ratio distribution charts can be found below:

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



Endesa 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, Endesa'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)
=-0.3/121.2997*121.2997
=-0.300

Current CPI (Dec. 2023) = 121.2997.

Endesa Quarterly Data

per share eps CPI Adj_EPS
201403 0.395 100.139 0.478
201406 0.307 101.081 0.368
201409 0.439 100.441 0.530
201412 2.011 100.251 2.433
201503 0.411 99.474 0.501
201506 0.411 101.138 0.493
201509 0.317 99.559 0.386
201512 -0.113 100.268 -0.137
201603 0.323 98.638 0.397
201606 0.429 100.333 0.519
201609 0.481 99.737 0.585
201612 0.100 101.842 0.119
201703 0.239 100.896 0.287
201706 0.378 101.848 0.450
201709 0.408 101.524 0.487
201712 0.357 102.975 0.421
201803 0.351 102.122 0.417
201806 0.359 104.165 0.418
201809 0.417 103.818 0.487
201812 0.212 104.193 0.247
201903 0.343 103.488 0.402
201906 0.387 104.612 0.449
201909 -0.567 103.905 -0.662
201912 -0.006 105.015 -0.007
202003 0.800 103.469 0.938
202006 0.270 104.254 0.314
202009 0.360 103.521 0.422
202012 -0.110 104.456 -0.128
202103 0.460 104.857 0.532
202106 0.330 107.102 0.374
202109 0.590 107.669 0.665
202112 -0.020 111.298 -0.022
202203 0.320 115.153 0.337
202206 0.550 118.044 0.565
202209 0.690 117.221 0.714
202212 0.840 117.650 0.866
202303 0.560 118.948 0.571
202306 0.270 120.278 0.272
202309 0.170 121.343 0.170
202312 -0.300 121.300 -0.300

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


Endesa  (CHIX:ELEe) 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.

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

Shiller PE Ratio=Share Price/E10
=17.485/1.65
=10.60

* 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 Endesa was 20.68. The lowest was 7.04. And the median was 11.55.


Be Aware

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


Endesa E10 Related Terms

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


Endesa (CHIX:ELEE) Business Description

Traded in Other Exchanges
Address
Ribera del Loira 60, Madrid, ESP, 28042
Endesa generates, distributes, and supplies electricity in Spain and Portugal. The company has 22 gigawatts of installed generation capacity split among hydroelectric, nuclear, coal, natural gas, oil, solar, and wind. Endesa also supplies gas to retail and business customers in Spain and France.

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