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Matin Spinning Mills (DHA:MATINSPINN) E10 : BDT4.71 (As of Dec. 2023)


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What is Matin Spinning Mills 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.

Matin Spinning Mills's adjusted earnings per share data for the three months ended in Dec. 2023 was BDT1.590. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is BDT4.71 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Matin Spinning Mills's average E10 Growth Rate was -1.90% 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.

As of today (2024-04-29), Matin Spinning Mills's current stock price is BDT46.60. Matin Spinning Mills's E10 for the quarter that ended in Dec. 2023 was BDT4.71. Matin Spinning Mills's Shiller PE Ratio of today is 9.89.

During the past 11 years, the highest Shiller PE Ratio of Matin Spinning Mills was 16.62. The lowest was 9.77. And the median was 16.10.


Matin Spinning Mills E10 Historical Data

The historical data trend for Matin Spinning Mills'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.

Matin Spinning Mills E10 Chart

Matin Spinning Mills Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 4.82

Matin Spinning Mills 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 4.80 4.85 4.82 4.67 4.71

Competitive Comparison of Matin Spinning Mills's E10

For the Textile Manufacturing subindustry, Matin Spinning Mills'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.


Matin Spinning Mills's Shiller PE Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Matin Spinning Mills's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Matin Spinning Mills's Shiller PE Ratio falls into.



Matin Spinning Mills 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, Matin Spinning Mills'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)
=1.59/129.4194*129.4194
=1.590

Current CPI (Dec. 2023) = 129.4194.

Matin Spinning Mills Quarterly Data

per share eps CPI Adj_EPS
201403 1.003 99.695 1.302
201406 0.934 100.560 1.202
201409 1.100 100.428 1.418
201412 0.910 99.070 1.189
201503 1.090 99.621 1.416
201506 1.393 100.684 1.791
201509 1.030 100.392 1.328
201512 1.050 99.792 1.362
201603 0.800 100.470 1.031
201606 0.110 101.688 0.140
201609 0.440 101.861 0.559
201612 0.480 101.863 0.610
201703 0.640 102.862 0.805
201706 1.116 103.349 1.398
201709 0.540 104.136 0.671
201712 0.900 104.011 1.120
201803 0.950 105.290 1.168
201806 0.700 106.317 0.852
201809 0.590 106.507 0.717
201812 0.550 105.998 0.672
201903 -0.330 107.251 -0.398
201906 0.154 108.070 0.184
201909 0.180 108.329 0.215
201912 0.630 108.420 0.752
202003 0.880 108.902 1.046
202006 0.465 108.767 0.553
202009 0.860 109.815 1.014
202012 1.250 109.897 1.472
202103 1.920 111.754 2.223
202106 2.280 114.631 2.574
202109 2.680 115.734 2.997
202112 2.860 117.630 3.147
202203 2.430 121.301 2.593
202206 2.810 125.017 2.909
202209 2.070 125.227 2.139
202212 1.810 125.222 1.871
202303 0.110 127.348 0.112
202306 0.389 128.729 0.391
202309 -1.010 129.860 -1.007
202312 1.590 129.419 1.590

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


Matin Spinning Mills  (DHA:MATINSPINN) 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.

Matin Spinning Mills's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=46.60/4.71
=9.89

* 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 11 years, the highest Shiller P/E Ratio of Matin Spinning Mills was 16.62. The lowest was 9.77. And the median was 16.10.


Be Aware

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


Matin Spinning Mills E10 Related Terms

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


Matin Spinning Mills (DHA:MATINSPINN) Business Description

Traded in Other Exchanges
N/A
Address
Road 03, House 50, Capita South Avenue Tower, 6th Floor, 7 Gulshan Avenue, Gulshan-1, Dhaka, BGD, 1212
Matin Spinning Mills PLC manufactures and sells all types of Cotton, Viscose, Polyester, Melange and their blend in Bangladesh. The company's manufacturing plant is located at Sardagonj, Dhaka, Bangladesh.

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