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Quali-Smart Holdings (HKSE:01348) E10 : HK$-0.04 (As of Sep. 2023)


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What is Quali-Smart Holdings 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.

Quali-Smart Holdings's adjusted earnings per share data for the fiscal year that ended in Mar. 2023 was HK$-0.049. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is HK$-0.04 for the trailing ten years ended in Mar. 2023.

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 (2024-06-16), Quali-Smart Holdings's current stock price is HK$ 0.072. Quali-Smart Holdings's E10 for the fiscal year that ended in Mar. 2023 was HK$-0.04. Quali-Smart Holdings's Shiller PE Ratio of today is .


Quali-Smart Holdings E10 Historical Data

The historical data trend for Quali-Smart Holdings'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.

Quali-Smart Holdings E10 Chart

Quali-Smart Holdings 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 - - -0.01 -0.03 -0.04

Quali-Smart Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - -0.03 - -0.04 -

Competitive Comparison of Quali-Smart Holdings's E10

For the Leisure subindustry, Quali-Smart Holdings'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.


Quali-Smart Holdings's Shiller PE Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Quali-Smart Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Quali-Smart Holdings's Shiller PE Ratio falls into.



Quali-Smart Holdings 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, Quali-Smart Holdings's adjusted earnings per share data for the fiscal year that ended in Mar. 2023 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Mar. 2023 (Change)*Current CPI (Mar. 2023)
=-0.049/115.4269*115.4269
=-0.049

Current CPI (Mar. 2023) = 115.4269.

Quali-Smart Holdings Annual Data

per_share_eps CPI Adj_EPS
201403 0.021 95.749 0.025
201503 -0.004 99.927 -0.005
201603 -0.060 102.785 -0.067
201703 -0.065 103.335 -0.073
201803 -0.032 105.973 -0.035
201903 -0.024 108.172 -0.026
202003 -0.060 110.920 -0.062
202103 -0.024 111.579 -0.025
202203 -0.064 113.558 -0.065
202303 -0.049 115.427 -0.049

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


Quali-Smart Holdings  (HKSE:01348) 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.


Be Aware

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


Quali-Smart Holdings E10 Related Terms

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


Quali-Smart Holdings (HKSE:01348) Business Description

Traded in Other Exchanges
N/A
Address
No. 3 Hoi Shing Road, Tsuen Wan, Workshop C, 19th Floor, TML Tower, New Territories, Hong Kong, HKG
Quali-Smart Holdings Ltd is an investment holding company. The company's operating segment includes Manufacturing and sales of toys and Financial Services. It generates maximum revenue from the Manufacturing and sales of toys segment. The Financial Services segment includes securities brokerage, underwriting, securities margin financing, investment advisory, corporate finance, and asset management services. Geographically, it derives a majority of its revenue from North America which includes the United States of America and Canada, and also has a presence in the United Kingdom; France; PRC, and Taiwan; Central America, Caribbean, and Mexico; Australia, New Zealand, and Pacific Islands and other countries.
Executives
Benefit Global Limited 2101 Beneficial owner
Blackpine Private Equity Partners G.p. Limited 2201 Interest of corporation controlled by you
Clearfield Global Limited 2201 Interest of corporation controlled by you
Chu Lawrence Sheng Yu 2201 Interest of corporation controlled by you
Li Man Yee Stella 2101 Beneficial owner
Lau Ho Ming Peter 2101 Beneficial owner
Smart Investor Holdings Limited 2101 Beneficial owner
Zhongtai Securities Company Limited
Zhong Tai Jin Rong Guo Ji You Xian Gong Si 2101 Beneficial owner
Shan Dong Gang Tie Ji Tuan You Xian Gong Si
Lai Wu Gang Tie Ji Tuan You Xian Gong Si

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