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Budimex (FRA:FBF) E10 : €6.38 (As of Sep. 2024)


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What is Budimex 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.

Budimex's adjusted earnings per share data for the three months ended in Sep. 2024 was €4.062. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €6.38 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Budimex's average E10 Growth Rate was 13.80% per year. During the past 3 years, the average E10 Growth Rate was 26.20% per year. During the past 5 years, the average E10 Growth Rate was 19.40% 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 Budimex was 26.20% per year. The lowest was 15.70% per year. And the median was 22.50% per year.

As of today (2024-12-14), Budimex's current stock price is €106.30. Budimex's E10 for the quarter that ended in Sep. 2024 was €6.38. Budimex's Shiller PE Ratio of today is 16.66.

During the past 13 years, the highest Shiller PE Ratio of Budimex was 32.34. The lowest was 9.53. And the median was 16.36.


Budimex E10 Historical Data

The historical data trend for Budimex'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.

Budimex E10 Chart

Budimex 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 - - 3.60 4.26 5.54

Budimex Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 5.01 5.54 5.62 5.79 6.38

Competitive Comparison of Budimex's E10

For the Engineering & Construction subindustry, Budimex'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.


Budimex's Shiller PE Ratio Distribution in the Construction Industry

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

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



Budimex 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, Budimex's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=4.062/153.4391*153.4391
=4.062

Current CPI (Sep. 2024) = 153.4391.

Budimex Quarterly Data

per share eps CPI Adj_EPS
201412 0.520 100.122 0.797
201503 0.339 100.041 0.520
201506 0.631 100.448 0.964
201509 0.496 99.634 0.764
201512 0.680 99.471 1.049
201603 0.469 98.983 0.727
201606 0.858 99.552 1.322
201609 0.953 99.064 1.476
201612 1.441 100.366 2.203
201703 0.775 101.018 1.177
201706 0.995 101.180 1.509
201709 1.294 101.343 1.959
201712 1.158 102.564 1.732
201803 0.575 102.564 0.860
201806 0.589 103.378 0.874
201809 0.933 103.378 1.385
201812 0.677 103.785 1.001
201903 0.260 104.274 0.383
201906 0.397 105.983 0.575
201909 0.592 105.983 0.857
201912 0.807 107.123 1.156
202003 0.200 109.076 0.281
202006 0.805 109.402 1.129
202009 1.332 109.320 1.870
202012 1.840 109.565 2.577
202103 0.612 112.658 0.834
202106 5.939 113.960 7.996
202109 0.919 115.588 1.220
202112 1.357 119.088 1.748
202203 0.513 125.031 0.630
202206 1.315 131.705 1.532
202209 1.429 135.531 1.618
202212 1.598 139.113 1.763
202303 0.965 145.950 1.015
202306 1.531 147.009 1.598
202309 4.092 146.113 4.297
202312 2.615 147.741 2.716
202403 1.083 149.044 1.115
202406 1.431 150.997 1.454
202409 4.062 153.439 4.062

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


Budimex  (FRA:FBF) 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.

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

Shiller PE Ratio=Share Price/E10
=106.30/6.38
=16.66

* 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 Budimex was 32.34. The lowest was 9.53. And the median was 16.36.


Be Aware

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


Budimex E10 Related Terms

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


Budimex Business Description

Traded in Other Exchanges
Address
Siedmiogrodzka 9 Street, Warsaw, POL, 01-204
Budimex SA provides construction services, property development and management, and other systems to better coordinate resources and construct complex structures. The company has two operating segments: construction business, and service activities. The company generates the majority of its revenue from the Construction business segment. Construction business covers rendering of widely understood construction and assembly services at home and abroad. The segment of service activities comprises comprehensive services in the field of municipal waste management, comprehensive road and lighting infrastructure maintenance and technical operation (maintenance) of buildings.

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