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Banca Ifis (CHIX:IFM) E10 : €4.17 (As of Dec. 2023)


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What is Banca Ifis 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.

Banca Ifis's adjusted earnings per share data for the three months ended in Dec. 2023 was €0.670. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €4.17 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Banca Ifis's average E10 Growth Rate was 3.60% per year. During the past 3 years, the average E10 Growth Rate was 8.70% per year. During the past 5 years, the average E10 Growth Rate was 7.40% 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 Banca Ifis was 8.70% per year. The lowest was 5.60% per year. And the median was 7.10% per year.

As of today (2024-04-30), Banca Ifis's current stock price is €17.015. Banca Ifis's E10 for the quarter that ended in Dec. 2023 was €4.17. Banca Ifis's Shiller PE Ratio of today is 4.08.

During the past 13 years, the highest Shiller PE Ratio of Banca Ifis was 17.71. The lowest was 2.19. And the median was 4.22.


Banca Ifis E10 Historical Data

The historical data trend for Banca Ifis'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.

Banca Ifis E10 Chart

Banca Ifis 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 3.11 3.18 3.12 3.90 4.17

Banca Ifis 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 3.90 3.92 3.92 3.55 4.17

Competitive Comparison of Banca Ifis's E10

For the Banks - Regional subindustry, Banca Ifis'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.


Banca Ifis's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Banca Ifis's Shiller PE Ratio distribution charts can be found below:

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



Banca Ifis 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, Banca Ifis'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)
=0.67/119.5000*119.5000
=0.670

Current CPI (Dec. 2023) = 119.5000.

Banca Ifis Quarterly Data

per share eps CPI Adj_EPS
201403 0.470 99.907 0.562
201406 0.481 100.093 0.574
201409 0.456 99.814 0.546
201412 0.410 99.721 0.491
201503 0.500 99.814 0.599
201506 1.970 100.279 2.348
201509 0.340 100.000 0.406
201512 0.240 99.814 0.287
201603 0.415 99.600 0.498
201606 0.322 99.900 0.385
201609 0.511 100.100 0.610
201612 11.818 100.300 14.080
201703 0.612 101.000 0.724
201706 1.328 101.100 1.570
201709 0.851 101.200 1.005
201712 0.592 101.200 0.699
201803 0.708 101.800 0.831
201806 0.531 102.400 0.620
201809 0.426 102.600 0.496
201812 1.081 102.300 1.263
201903 0.560 102.800 0.651
201906 0.717 103.100 0.831
201909 0.294 102.900 0.341
201912 0.730 102.800 0.849
202003 0.494 102.900 0.574
202006 0.193 102.900 0.224
202009 0.292 102.300 0.341
202012 0.308 102.600 0.359
202103 0.380 103.700 0.438
202106 0.528 104.200 0.606
202109 0.596 104.900 0.679
202112 0.380 106.600 0.426
202203 0.660 110.400 0.714
202206 0.716 112.500 0.761
202209 0.630 114.200 0.659
202212 0.678 119.000 0.681
202303 0.880 118.800 0.885
202306 0.860 119.700 0.859
202309 0.642 120.300 0.638
202312 0.670 119.500 0.670

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


Banca Ifis  (CHIX:IFm) 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.

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

Shiller PE Ratio=Share Price/E10
=17.015/4.17
=4.08

* 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 Banca Ifis was 17.71. The lowest was 2.19. And the median was 4.22.


Be Aware

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


Banca Ifis E10 Related Terms

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


Banca Ifis (CHIX:IFM) Business Description

Traded in Other Exchanges
Address
Via Terraglio, 63, Mestre, Venice, ITA, 30174
Banca Ifis is an independent banking group specializing in the collection of trade receivables, non-performing loans, and tax receivables. The group's credit is exposed mostly to Italy and other European nations. Its trade receivables segment focuses on growing trade finance loans and providing liquidity to Italian small and medium-sized enterprises. Approximately one-third of its loan portfolio is from government and public administration, whereas two-thirds are from the private sector. The group's earning assets are split nearly evenly between loans to customers and debt and equity securities available for sale. The group's net revenue is net interest income.

Banca Ifis (CHIX:IFM) Headlines

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