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Encavis AG (FRA:ECV) E10 : €0.30 (As of Dec. 2023)


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What is Encavis AG 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.

Encavis AG's adjusted earnings per share data for the three months ended in Dec. 2023 was €-0.010. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.30 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Encavis AG's average E10 Growth Rate was 7.10% per year. During the past 3 years, the average E10 Growth Rate was 26.00% 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 Encavis AG was 26.00% per year. The lowest was -78.50% per year. And the median was -26.25% per year.

As of today (2024-05-16), Encavis AG's current stock price is €16.95. Encavis AG's E10 for the quarter that ended in Dec. 2023 was €0.30. Encavis AG's Shiller PE Ratio of today is 56.50.

During the past 13 years, the highest Shiller PE Ratio of Encavis AG was 303.20. The lowest was 0.25. And the median was 64.40.


Encavis AG E10 Historical Data

The historical data trend for Encavis AG'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.

Encavis AG E10 Chart

Encavis AG 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 27.93 0.15 0.24 0.28 0.30

Encavis AG 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 0.28 0.29 0.29 0.29 0.30

Competitive Comparison of Encavis AG's E10

For the Utilities - Renewable subindustry, Encavis AG'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.


Encavis AG's Shiller PE Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Encavis AG's Shiller PE Ratio distribution charts can be found below:

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



Encavis AG 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, Encavis AG'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)
=-0.01/123.6675*123.6675
=-0.010

Current CPI (Dec. 2023) = 123.6675.

Encavis AG Quarterly Data

per share eps CPI Adj_EPS
201403 0.080 99.543 0.099
201406 0.190 99.543 0.236
201409 0.040 99.823 0.050
201412 0.050 99.543 0.062
201503 0.010 99.717 0.012
201506 0.190 100.417 0.234
201509 0.220 100.417 0.271
201512 -0.090 99.717 -0.112
201603 -0.120 100.017 -0.148
201606 0.090 100.717 0.111
201609 0.160 101.017 0.196
201612 -0.020 101.217 -0.024
201703 0.040 101.417 0.049
201706 0.120 102.117 0.145
201709 0.110 102.717 0.132
201712 -0.060 102.617 -0.072
201803 -0.050 102.917 -0.060
201806 0.160 104.017 0.190
201809 0.170 104.718 0.201
201812 -0.250 104.217 -0.297
201903 0.020 104.217 0.024
201906 0.110 105.718 0.129
201909 0.150 106.018 0.175
201912 -0.110 105.818 -0.129
202003 -0.030 105.718 -0.035
202006 0.130 106.618 0.151
202009 0.040 105.818 0.047
202012 -0.070 105.518 -0.082
202103 -0.020 107.518 -0.023
202106 0.300 108.486 0.342
202109 0.090 109.435 0.102
202112 0.150 110.384 0.168
202203 0.070 113.968 0.076
202206 0.210 115.760 0.224
202209 0.130 118.818 0.135
202212 0.060 119.345 0.062
202303 0.030 122.402 0.030
202306 0.170 123.140 0.171
202309 0.140 124.195 0.139
202312 -0.010 123.668 -0.010

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


Encavis AG  (FRA:ECV) 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.

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

Shiller PE Ratio=Share Price/E10
=16.95/0.3
=56.50

* 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 Encavis AG was 303.20. The lowest was 0.25. And the median was 64.40.


Be Aware

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


Encavis AG E10 Related Terms

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


Encavis AG (FRA:ECV) Business Description

Traded in Other Exchanges
Address
Grosse Elbstrasse 59, Hamburg, DEU, 22767
Encavis AG is an independent solar park operator. Principally, it is engaged in the business of acquisition and operation of solar parks and onshore wind parks. Its operating segments are Photovoltaic Parks, Photovoltaic Service, Wind Parks, Asset Management, and Administration, of which the majority of its revenue comes from the Photovoltaic Parks segment. The Photovoltaic Parks segment comprised more than 169 solar parks with a total generation capacity of more than 1.3 GW, with parks located in different countries. Its geographical segments are Denmark, Germany, France, United Kingdom, Ireland, Finland, Italy, Netherlands, Austria, France, Sweden, and Spain.

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