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Coca-Cola Femsa SAB de CV  (NYSE:KOF) E10: $3.39 (As of Jun. 2017)

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.

Coca-Cola Femsa SAB de CV's adjusted earnings per share data for the three months ended in Jun. 2017 was $0.590. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.39 for the trailing ten years ended in Jun. 2017.

As of today, Coca-Cola Femsa SAB de CV's current stock price is $70.93. Coca-Cola Femsa SAB de CV's E10 for the quarter that ended in Jun. 2017 was $3.39. Coca-Cola Femsa SAB de CV's Shiller PE Ratio of today is 20.92.

During the past 13 years, the highest Shiller PE Ratio of Coca-Cola Femsa SAB de CV was 43.52. The lowest was 15.32. And the median was 25.56.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Coca-Cola Femsa SAB de CV Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.81 4.10 3.64 3.18 2.81

Coca-Cola Femsa SAB de CV Quarterly Data

Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 3.16 2.97 2.81 3.25 3.39

Competitive Comparison
* 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.


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.

For example, Coca-Cola Femsa SAB de CV's adjusted earnings per share data for the three months ended in Jun. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2017 (Change)*Current CPI (Jun. 2017)
=0.590204806584/244.955*244.955
=0.590

Current CPI (Jun. 2017) = 244.955.

Coca-Cola Femsa SAB de CV Quarterly Data

per share eps CPI Adj_EPS
200709 0.952 208.490 1.119
200712 0.960 210.036 1.119
200803 0.818 213.528 0.938
200806 0.967 218.815 1.083
200809 0.638 218.783 0.714
200812 0.343 210.228 0.399
200903 0.491 212.709 0.565
200906 0.877 215.693 0.996
200909 0.862 215.969 0.978
200912 1.201 215.949 1.362
201003 0.909 217.631 1.023
201006 1.057 217.965 1.188
201009 0.900 218.439 1.009
201012 1.332 219.179 1.488
201103 0.992 223.467 1.088
201106 1.261 225.722 1.368
201109 0.957 226.889 1.033
201112 1.257 225.672 1.365
201203 5.505 229.392 5.878
201206 0.970 229.478 1.035
201209 1.346 231.407 1.425
201212 1.695 229.601 1.808
201303 0.960 232.773 1.010
201306 1.057 233.504 1.109
201309 1.095 234.149 1.146
201312 1.207 233.049 1.268
201403 0.841 236.293 0.872
201406 0.947 238.343 0.973
201409 1.218 238.031 1.254
201412 0.710 234.812 0.740
201503 0.695 236.119 0.721
201506 0.832 238.638 0.854
201509 0.570 237.945 0.586
201512 0.939 236.525 0.972
201603 0.656 238.132 0.675
201606 0.517 241.018 0.526
201609 0.568 241.428 0.576
201612 0.817 241.432 0.829
201703 1.473 243.801 1.480
201706 0.590 244.955 0.590

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

Coca-Cola Femsa SAB de CV's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=70.93/3.39
=20.92

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

During the past 13 years, the highest Shiller P/E Ratio of Coca-Cola Femsa SAB de CV was 43.52. The lowest was 15.32. And the median was 25.56.


Be Aware

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


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