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International Flavors & Fragrances (International Flavors & Fragrances) E10

: $2.15 (As of Dec. 2023)
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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.

International Flavors & Fragrances's adjusted earnings per share data for the three months ended in Dec. 2023 was $-10.210. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.15 for the trailing ten years ended in Dec. 2023.

During the past 12 months, International Flavors & Fragrances's average E10 Growth Rate was -40.30% per year. During the past 3 years, the average E10 Growth Rate was -21.40% per year. During the past 5 years, the average E10 Growth Rate was -10.80% per year. During the past 10 years, the average E10 Growth Rate was -0.60% 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 International Flavors & Fragrances was 10.10% per year. The lowest was -21.40% per year. And the median was 3.85% per year.

As of today (2024-04-19), International Flavors & Fragrances's current stock price is $83.58. International Flavors & Fragrances's E10 for the quarter that ended in Dec. 2023 was $2.15. International Flavors & Fragrances's Shiller PE Ratio of today is 38.87.

During the past 13 years, the highest Shiller PE Ratio of International Flavors & Fragrances was 40.00. The lowest was 18.73. And the median was 30.63.


International Flavors & Fragrances E10 Historical Data

The historical data trend for International Flavors & Fragrances'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.

International Flavors & Fragrances Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.42 4.42 4.43 3.60 2.15

International Flavors & Fragrances Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
E10 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 Premium Member Only Premium Member Only Premium Member Only 3.60 3.51 3.40 3.28 2.15

Competitive Comparison

For the Specialty Chemicals subindustry, International Flavors & Fragrances'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.


International Flavors & Fragrances Shiller PE Ratio Distribution

For the Chemicals industry and Basic Materials sector, International Flavors & Fragrances's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where International Flavors & Fragrances's Shiller PE Ratio falls into.



International Flavors & Fragrances 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, International Flavors & Fragrances'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)
=-10.21/129.4194*129.4194
=-10.210

Current CPI (Dec. 2023) = 129.4194.

International Flavors & Fragrances Quarterly Data

per share eps CPI Adj_EPS
201403 1.300 99.695 1.688
201406 1.350 100.560 1.737
201409 1.310 100.428 1.688
201412 1.100 99.070 1.437
201503 1.570 99.621 2.040
201506 1.290 100.684 1.658
201509 1.310 100.392 1.689
201512 0.890 99.792 1.154
201603 1.470 100.470 1.894
201606 1.460 101.688 1.858
201609 1.120 101.861 1.423
201612 1.000 101.863 1.271
201703 1.450 102.862 1.824
201706 1.380 103.349 1.728
201709 1.390 104.136 1.727
201712 -0.510 104.011 -0.635
201803 1.630 105.290 2.004
201806 1.250 106.317 1.522
201809 1.170 106.507 1.422
201812 0.090 105.998 0.110
201903 0.960 107.251 1.158
201906 1.200 108.070 1.437
201909 1.130 108.329 1.350
201912 0.700 108.420 0.836
202003 1.150 108.902 1.367
202006 0.740 108.767 0.881
202009 0.750 109.815 0.884
202012 0.570 109.897 0.671
202103 -0.210 111.754 -0.243
202106 0.110 114.631 0.124
202109 0.760 115.734 0.850
202112 0.350 117.630 0.385
202203 0.960 121.301 1.024
202206 0.430 125.017 0.445
202209 -8.600 125.227 -8.888
202212 0.010 125.222 0.010
202303 -0.040 127.348 -0.041
202306 0.110 128.729 0.111
202309 0.100 129.860 0.100
202312 -10.210 129.419 -10.210

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


International Flavors & Fragrances  (NYSE:IFF) 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.

International Flavors & Fragrances's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=83.58/2.15
=38.87

* 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 International Flavors & Fragrances was 40.00. The lowest was 18.73. And the median was 30.63.


Be Aware

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


International Flavors & Fragrances E10 Related Terms

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


International Flavors & Fragrances (International Flavors & Fragrances) Business Description

Address
521 West 57th Street, New York, NY, USA, 10019-2960
International Flavors & Fragrances is the largest specialty ingredients producer globally. The company sells ingredients for the food, beverage, health, household goods, personal care, and pharmaceutical industries. The company makes proprietary formulations, partnering with customers to deliver custom solutions. The nourish segment, which generates roughly half of revenue, is a leading flavor producer and also sell texturants, plant-based proteins, and other ingredients. The health and biosciences business, which generates around one fourth of revenue, is a global leader in probiotics and enzymes. IFF is also one of the leading fragrance producers in the world. The firm also sells pharmaceutical ingredients such as excipients and time-release polymers.
Executives
Yuvraj Arora officer: President, Nourish INTERNATIONAL FLOWERS & FRAGRANCES, 521 WEST 57TH STREET, NEW YORK NY 10019
Fauchon De Villeplee Christophe officer: President, Scent INTERNATIONAL FLAVORS & FRANGRANCES INC., 521 WEST 57TH STREET, NEW YORK NY 10019
Kevin O'byrne director INTERNATIONAL FLAVORS & FRAGRANCES, 521 WEST 57TH STREET, NEW YORK NY 10019
Dawn C Willoughby director 1221 BROADWAY, OAKLAND CA 94612
Gaoxiang Hu director 16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160
Mark J Costa director 200 SOUTH WILCOX DRIVE, P.O. BOX 431, KINGSPORT TN 37660
Ralf Finzel officer: EVP, Global Operations Officer INTERNATIONAL FLAVORS & FRAGRANCES, 521 WEST 57TH STREET, NEW YORK NY 10019
Beril Yildiz officer: CAO, SVP & Controller ONE NEW YORK PLAZA, NEW YORK NY 10004
Deborah Borg officer: EVP, Chief HR and D&I Officer BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Francisco Fortanet officer: SVP, Operations 521 WEST 57TH STREET, NEW YORK NY 10019
Frank Clyburn officer: Chief Executive Officer 2000 GALLOPING HILL ROAD, KENILWORTH NJ 07033
Barry A. Bruno director 500 CHARLES EWING BLVD, EWING NJ 08628
Glenn R Richter officer: CFO 3333 BEVERLY ROAD, B6 277A, HOFFMAN ESTATES IL 60179
Kathryn Jean Boor director 3736 S. MAIN STREET, MARION NY 14505
Edward D Breen director C/O TYCO INTERNATIONAL (US) INC, 9 WEST 57TH ST 43RD FL., NEW YORK NY 10019