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China Vanke Co (HKSE:02202) E10 : HK$1.69 (As of Sep. 2024)


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What is China Vanke Co 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.

China Vanke Co's adjusted earnings per share data for the three months ended in Sep. 2024 was HK$-0.752. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is HK$1.69 for the trailing ten years ended in Sep. 2024.

During the past 12 months, China Vanke Co's average E10 Growth Rate was -12.60% per year. During the past 3 years, the average E10 Growth Rate was 2.20% per year. During the past 5 years, the average E10 Growth Rate was 8.20% per year. During the past 10 years, the average E10 Growth Rate was 15.40% 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 China Vanke Co was 26.60% per year. The lowest was 2.20% per year. And the median was 19.50% per year.

As of today (2025-03-30), China Vanke Co's current stock price is HK$5.57. China Vanke Co's E10 for the quarter that ended in Sep. 2024 was HK$1.69. China Vanke Co's Shiller PE Ratio of today is 3.30.

During the past 13 years, the highest Shiller PE Ratio of China Vanke Co was 30.11. The lowest was 2.77. And the median was 14.35.


China Vanke Co E10 Historical Data

The historical data trend for China Vanke Co'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.

China Vanke Co E10 Chart

China Vanke Co 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 2.04 2.10 2.18 2.15 1.66

China Vanke Co 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 1.67 1.66 1.45 1.53 1.69

Competitive Comparison of China Vanke Co's E10

For the Real Estate - Development subindustry, China Vanke Co'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.


China Vanke Co's Shiller PE Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Vanke Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where China Vanke Co's Shiller PE Ratio falls into.


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China Vanke Co 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, China Vanke Co'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)
=-0.752/115.7848*115.7848
=-0.752

Current CPI (Sep. 2024) = 115.7848.

China Vanke Co Quarterly Data

per share eps CPI Adj_EPS
201412 1.052 99.000 1.230
201503 0.073 99.900 0.085
201506 0.476 99.500 0.554
201509 0.219 100.500 0.252
201512 1.226 100.600 1.411
201603 0.090 102.200 0.102
201606 0.477 101.400 0.545
201609 0.307 102.400 0.347
201612 1.292 102.600 1.458
201703 0.071 103.200 0.080
201706 0.684 103.100 0.768
201709 0.408 104.100 0.454
201712 1.819 104.500 2.015
201803 0.101 105.300 0.111
201806 0.909 104.900 1.003
201809 0.503 106.600 0.546
201812 2.037 106.500 2.215
201903 0.119 107.700 0.128
201906 1.087 107.700 1.169
201909 0.623 109.800 0.657
201912 2.046 111.200 2.130
202003 0.122 112.300 0.126
202006 1.094 110.400 1.147
202009 0.720 111.700 0.746
202012 2.227 111.500 2.313
202103 0.133 112.662 0.137
202106 1.013 111.769 1.049
202109 0.586 112.215 0.605
202112 0.617 113.108 0.632
202203 0.152 114.335 0.154
202206 1.087 114.558 1.099
202209 0.473 115.339 0.475
202212 0.543 115.116 0.546
202303 0.142 115.116 0.143
202306 0.782 114.558 0.790
202309 0.342 115.339 0.343
202312 -0.141 114.781 -0.142
202403 -0.033 115.227 -0.033
202406 -0.861 114.781 -0.869
202409 -0.752 115.785 -0.752

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


China Vanke Co  (HKSE:02202) 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.

China Vanke Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=5.57/1.69
=3.30

* 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 China Vanke Co was 30.11. The lowest was 2.77. And the median was 14.35.


Be Aware

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


China Vanke Co E10 Related Terms

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


China Vanke Co Business Description

Traded in Other Exchanges
Address
Vanke Center, No. 33 Huanmei Road, Dameisha, Yantian District, Shenzhen, CHN, 518083
China Vanke is a large real estate developer in China with residential property sales among the top three of all peers through the past five years. While property development accounts for most of its revenue and earnings, it has expanded its business presence in investment properties such as commercial retail complexes, long-term leasing apartments, and leasable logistical assets. China Vanke also owns an over-60% equity interest in its property management division Onewo, which manages the second-largest gross floor area in China. It is dual-listed in Shenzhen and Hong Kong, and state-owned Shenzhen Metro is the largest shareholder with a 27.2% stake.
Executives
Citigroup Inc. 2201 Interest of corporation controlled by you
Blackrock, Inc. 2201 Interest of corporation controlled by you
Nomura Holdings, Inc. 2201 Interest of corporation controlled by you
Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si 2102 Investment manager
Jpmorgan Chase & Co. 2102 Investment manager
Morgan Stanley 2201 Interest of corporation controlled by you
Brown Brothers Harriman & Co. 2502 Approved lending agent
Gic Private Limited 2102 Investment manager
Ubs Group Ag 2201 Interest of corporation controlled by you
Shen Zhen Ying An Cai Wu Gu Wen You Xian Gong Si 2201 Interest of corporation controlled by you

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