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MegaChips (FRA:MHC) E10 : €1.75 (As of Dec. 2023)


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What is MegaChips 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.

MegaChips's adjusted earnings per share data for the three months ended in Dec. 2023 was €0.138. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.75 for the trailing ten years ended in Dec. 2023.

During the past 12 months, MegaChips's average E10 Growth Rate was 2.20% per year. During the past 3 years, the average E10 Growth Rate was 80.20% per year. During the past 5 years, the average E10 Growth Rate was 35.80% 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 MegaChips was 80.20% per year. The lowest was 12.80% per year. And the median was 57.90% per year.

As of today (2024-05-20), MegaChips's current stock price is €24.80. MegaChips's E10 for the quarter that ended in Dec. 2023 was €1.75. MegaChips's Shiller PE Ratio of today is 14.17.

During the past 13 years, the highest Shiller PE Ratio of MegaChips was 65.72. The lowest was 8.88. And the median was 26.11.


MegaChips E10 Historical Data

The historical data trend for MegaChips'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.

MegaChips E10 Chart

MegaChips Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.53 0.41 1.07 1.94 1.94

MegaChips 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 1.91 1.94 1.75 1.76 1.75

Competitive Comparison of MegaChips's E10

For the Semiconductors subindustry, MegaChips'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.


MegaChips's Shiller PE Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, MegaChips's Shiller PE Ratio distribution charts can be found below:

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



MegaChips 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, MegaChips'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)
=0.138/106.8000*106.8000
=0.138

Current CPI (Dec. 2023) = 106.8000.

MegaChips Quarterly Data

per share eps CPI Adj_EPS
201403 -0.053 95.700 -0.059
201406 0.039 98.000 0.043
201409 0.178 98.500 0.193
201412 0.276 97.900 0.301
201503 -0.103 97.900 -0.112
201506 -0.180 98.400 -0.195
201509 0.064 98.500 0.069
201512 -0.017 98.100 -0.019
201603 -0.135 97.900 -0.147
201606 -0.278 98.100 -0.303
201609 -0.370 98.000 -0.403
201612 0.207 98.400 0.225
201703 0.047 98.100 0.051
201706 0.013 98.500 0.014
201709 0.469 98.800 0.507
201712 0.162 99.400 0.174
201803 0.033 99.200 0.036
201806 -0.147 99.200 -0.158
201809 0.045 99.900 0.048
201812 0.119 99.700 0.127
201903 -0.650 99.700 -0.696
201906 -0.371 99.800 -0.397
201909 0.049 100.100 0.052
201912 -0.310 100.500 -0.329
202003 -0.044 100.300 -0.047
202006 0.568 99.900 0.607
202009 0.259 99.900 0.277
202012 0.355 99.300 0.382
202103 6.301 99.900 6.736
202106 0.260 99.500 0.279
202109 0.569 100.100 0.607
202112 8.977 100.100 9.578
202203 0.517 101.100 0.546
202206 0.435 101.800 0.456
202209 0.627 103.100 0.650
202212 0.653 104.100 0.670
202303 0.877 104.400 0.897
202306 0.328 105.200 0.333
202309 0.254 106.200 0.255
202312 0.138 106.800 0.138

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


MegaChips  (FRA:MHC) 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.

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

Shiller PE Ratio=Share Price/E10
=24.80/1.75
=14.17

* 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 MegaChips was 65.72. The lowest was 8.88. And the median was 26.11.


Be Aware

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


MegaChips E10 Related Terms

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


MegaChips (FRA:MHC) Business Description

Traded in Other Exchanges
Address
1-1-1 Miyahara, Yodogawa-ku, Shin-Osaka Hankyu Building, Osaka, JPN, 532-0003
MegaChips Corp. is engaged in the design, development, manufacture, and sale of system large scale integration (LSI), based on its basic image, audio and communications technologies and electronic devices and system equipment that contain its system LSIs. The company's main products Include LSIs for entertainment devices such as game consoles, image processing LSIs for digital cameras, LSIs for liquid crystal display (LCD) panels, and video surveillance system equipment for security field, among others. Geographically all the operations are functioned through the region of Japan and it derives revenue through the sale of LSI products.

MegaChips (FRA:MHC) Headlines

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