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Chimera Investment (FRA:4CR0) E10 : €4.52 (As of Mar. 2024)


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What is Chimera Investment 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.

Chimera Investment's adjusted earnings per share data for the three months ended in Mar. 2024 was €1.242. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €4.52 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Chimera Investment's average E10 Growth Rate was -7.70% per year. During the past 3 years, the average E10 Growth Rate was -3.40% per year. During the past 5 years, the average E10 Growth Rate was -3.80% 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 Chimera Investment was 218.80% per year. The lowest was -4.20% per year. And the median was -1.15% per year.

As of today (2024-06-19), Chimera Investment's current stock price is €12.38. Chimera Investment's E10 for the quarter that ended in Mar. 2024 was €4.52. Chimera Investment's Shiller PE Ratio of today is 2.74.

During the past 13 years, the highest Shiller PE Ratio of Chimera Investment was 319.59. The lowest was 2.33. And the median was 6.27.


Chimera Investment E10 Historical Data

The historical data trend for Chimera Investment'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.

Chimera Investment E10 Chart

Chimera Investment 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 5.65 4.43 5.64 5.23 4.57

Chimera Investment Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.79 4.66 4.73 4.57 4.52

Competitive Comparison of Chimera Investment's E10

For the REIT - Mortgage subindustry, Chimera Investment'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.


Chimera Investment's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Chimera Investment's Shiller PE Ratio distribution charts can be found below:

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



Chimera Investment 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, Chimera Investment's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.242/131.7762*131.7762
=1.242

Current CPI (Mar. 2024) = 131.7762.

Chimera Investment Quarterly Data

per share eps CPI Adj_EPS
201406 1.126 100.560 1.476
201409 4.307 100.428 5.651
201412 0.049 99.070 0.065
201503 0.915 99.621 1.210
201506 1.524 100.684 1.995
201509 -0.642 100.392 -0.843
201512 1.597 99.792 2.109
201603 1.185 100.470 1.554
201606 1.041 101.688 1.349
201609 2.459 101.861 3.181
201612 3.299 101.863 4.268
201703 2.356 102.862 3.018
201706 1.495 103.349 1.906
201709 1.737 104.136 2.198
201712 1.318 104.011 1.670
201803 2.968 105.290 3.715
201806 1.489 106.317 1.846
201809 2.031 106.507 2.513
201812 -1.661 105.998 -2.065
201903 1.434 107.251 1.762
201906 0.558 108.070 0.680
201909 1.280 108.329 1.557
201912 1.593 108.420 1.936
202003 -5.647 108.902 -6.833
202006 -0.986 108.767 -1.195
202009 3.362 109.815 4.034
202012 1.529 109.897 1.833
202103 1.361 111.754 1.605
202106 1.494 114.631 1.717
202109 3.315 115.734 3.774
202112 -0.053 117.630 -0.059
202203 -3.242 121.301 -3.522
202206 -2.157 125.017 -2.274
202209 -2.666 125.227 -2.805
202212 0.935 125.222 0.984
202303 0.476 127.348 0.493
202306 0.222 128.729 0.227
202309 -0.197 129.860 -0.200
202312 0.165 129.419 0.168
202403 1.242 131.776 1.242

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


Chimera Investment  (FRA:4CR0) 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.

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

Shiller PE Ratio=Share Price/E10
=12.38/4.52
=2.74

* 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 Chimera Investment was 319.59. The lowest was 2.33. And the median was 6.27.


Be Aware

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


Chimera Investment E10 Related Terms

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


Chimera Investment (FRA:4CR0) Business Description

Address
630 Fifth Avenue, Suite 2400, New York, NY, USA, 10111
Chimera Investment Corporation is a real estate investment trust engaged in investing in a portfolio of mortgage assets on a leveraged basis. These investments include a variety of government-sponsored agency residential mortgage-backed securities, or RMBS, non-agency RMBS, agency commercial mortgage-backed securities, residential mortgage loans, and other real estate-related securities. Agency mortgage-backed securities represent the largest share of this portfolio, while subprime residential mortgage loans and non-agency RMBS also make up substantial shares. A significant percentage of these securities are backed by properties in California. The company generates nearly all of its income from interest payments derived from its investments.

Chimera Investment (FRA:4CR0) Headlines

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