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Kenon Holdings (Kenon Holdings) E10 : $5.04 (As of Dec. 2023)


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What is Kenon 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.

Kenon Holdings's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.110. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $5.04 for the trailing ten years ended in Dec. 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 (2024-04-28), Kenon Holdings's current stock price is $22.25. Kenon Holdings's E10 for the quarter that ended in Dec. 2023 was $5.04. Kenon Holdings's Shiller PE Ratio of today is 4.41.

During the past 12 years, the highest Shiller PE Ratio of Kenon Holdings was 7.20. The lowest was 3.92. And the median was 5.99.


Kenon Holdings E10 Historical Data

The historical data trend for Kenon 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.

Kenon Holdings E10 Chart

Kenon Holdings 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 - - - - 5.04

Kenon Holdings 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 - - 3.79 3.52 5.04

Competitive Comparison of Kenon Holdings's E10

For the Utilities - Independent Power Producers subindustry, Kenon 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.


Kenon Holdings's Shiller PE Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Kenon Holdings's Shiller PE Ratio distribution charts can be found below:

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



Kenon 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, Kenon Holdings'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)
=0.11/129.4194*129.4194
=0.110

Current CPI (Dec. 2023) = 129.4194.

Kenon Holdings Quarterly Data

per share eps CPI Adj_EPS
201403 -0.460 99.695 -0.597
201406 -1.690 100.560 -2.175
201409 12.380 100.428 15.954
201412 -1.480 99.070 -1.933
201503 0.060 99.621 0.078
201506 0.210 100.684 0.270
201509 3.160 100.392 4.074
201512 -2.360 99.792 -3.061
201603 -0.670 100.470 -0.863
201606 -5.200 101.688 -6.618
201609 -0.880 101.861 -1.118
201612 -0.910 101.863 -1.156
201703 -0.380 102.862 -0.478
201706 0.170 103.349 0.213
201709 -0.430 104.136 -0.534
201712 5.040 104.011 6.271
201803 10.130 105.290 12.452
201806 -0.530 106.317 -0.645
201809 -0.380 106.507 -0.462
201812 -1.150 105.998 -1.404
201903 -0.240 107.251 -0.290
201906 -0.130 108.070 -0.156
201909 0.530 108.329 0.633
201912 -0.410 108.420 -0.489
202003 0.280 108.902 0.333
202006 5.190 108.767 6.175
202009 1.250 109.815 1.473
202012 2.690 109.897 3.168
202103 3.340 111.754 3.868
202106 3.200 114.631 3.613
202109 3.450 115.734 3.858
202112 7.280 117.630 8.010
202203 11.860 121.301 12.654
202206 4.920 125.017 5.093
202209 4.650 125.227 4.806
202212 -15.630 125.222 -16.154
202303 -0.140 127.348 -0.142
202306 -0.560 128.729 -0.563
202309 -3.830 129.860 -3.817
202312 0.110 129.419 0.110

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


Kenon Holdings  (NYSE:KEN) 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.

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

Shiller PE Ratio=Share Price/E10
=22.25/5.04
=4.41

* 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 12 years, the highest Shiller P/E Ratio of Kenon Holdings was 7.20. The lowest was 3.92. And the median was 5.99.


Be Aware

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


Kenon Holdings E10 Related Terms

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


Kenon Holdings (Kenon Holdings) Business Description

Traded in Other Exchanges
Address
1 Temasek Avenue, No. 37-02B, Millenia Tower, Singapore, SGP, 039192
Kenon Holdings Ltd is a holding company that operates dynamic, growth-oriented, businesses. The company's operating segments include OPC; CPV Group; Quantum and ZIM. It generates maximum revenue from the OPC segment. OPC operates in the Israeli electricity generation sector, including the initiation, development, construction, and operation of power plants and the sale and supply of electricity. Geographically, it derives a majority of revenue from Israel.