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Colas (CHIX:REP) E10 : €15.72 (As of Sep. 2023)


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What is Colas 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.

Colas's adjusted earnings per share data for the three months ended in Sep. 2023 was €9.252. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €15.72 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Colas's average E10 Growth Rate was 20.60% per year. During the past 3 years, the average E10 Growth Rate was -9.00% 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 Colas was -9.00% per year. The lowest was -9.00% per year. And the median was -9.00% per year.

As of today (2024-05-17), Colas's current stock price is €174.00. Colas's E10 for the quarter that ended in Sep. 2023 was €15.72. Colas's Shiller PE Ratio of today is 11.07.

During the past 13 years, the highest Shiller PE Ratio of Colas was 13.64. The lowest was 7.91. And the median was 12.67.


Colas E10 Historical Data

The historical data trend for Colas'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.

Colas E10 Chart

Colas Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 14.01 12.65 9.39 9.79

Colas Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23
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 9.46 9.62 9.79 - 15.72

Competitive Comparison of Colas's E10

For the Infrastructure Operations subindustry, Colas'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.


Colas's Shiller PE Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Colas's Shiller PE Ratio distribution charts can be found below:

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=9.252/118.2600*118.2600
=9.252

Current CPI (Sep. 2023) = 118.2600.

Colas Quarterly Data

per share eps CPI Adj_EPS
201309 6.707 99.630 7.961
201312 3.828 99.800 4.536
201403 7.135 100.240 8.418
201406 2.327 100.180 2.747
201409 6.186 99.920 7.321
201412 2.849 99.860 3.374
201503 -5.208 100.170 -6.149
201506 5.269 100.440 6.204
201509 7.903 99.950 9.351
201512 1.378 100.040 1.629
201603 -5.238 100.020 -6.193
201606 3.063 100.630 3.600
201609 7.290 100.340 8.592
201612 5.759 100.650 6.767
201703 -5.973 101.170 -6.982
201706 3.278 101.320 3.826
201709 7.597 101.330 8.866
201712 5.145 101.850 5.974
201803 -6.645 102.750 -7.648
201806 2.695 103.370 3.083
201809 7.350 103.560 8.393
201812 3.585 103.470 4.097
201903 -6.952 103.890 -7.914
201906 3.830 104.580 4.331
201909 7.415 104.500 8.391
201912 3.708 104.980 4.177
202003 -9.193 104.590 -10.395
202006 0.153 104.790 0.173
202009 9.653 104.550 10.919
202012 2.268 104.960 2.555
202103 -6.956 105.750 -7.779
202106 3.524 106.340 3.919
202109 7.322 106.810 8.107
202112 4.105 107.850 4.501
202203 -7.107 110.490 -7.607
202206 3.062 112.550 3.217
202209 8.302 112.740 8.708
202212 4.963 114.160 5.141
202306 0.000 117.650 0.000
202309 9.252 118.260 9.252

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


Colas  (CHIX:REp) 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.

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

Shiller PE Ratio=Share Price/E10
=174.00/15.72
=11.07

* 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 Colas was 13.64. The lowest was 7.91. And the median was 12.67.


Be Aware

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


Colas E10 Related Terms

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


Colas (CHIX:REP) Business Description

Traded in Other Exchanges
N/A
Address
1 Rue Du Colonel Pierre Avia, Paris, FRA, 75015
Colas SA is a France-based company engaged in the construction and maintenance of transport infrastructure. It focuses on designing, promoting and building infrastructure solutions for sustainable mobility. The business activities of the group are operated in three divisions namely Roads, Construction Materials and Railways. It also operates in Water & Energy Transport. Majority of revenue is generated from Roads segment. Geographically, the company operates in Rest of Europe, North America, Rest of the World and france.

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