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Systemair AB (LTS:0HDK) E10 : kr2.55 (As of Oct. 2024)


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What is Systemair AB 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.

Systemair AB's adjusted earnings per share data for the three months ended in Oct. 2024 was kr1.140. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr2.55 for the trailing ten years ended in Oct. 2024.

During the past 3 years, the average E10 Growth Rate was 17.00% per year. During the past 5 years, the average E10 Growth Rate was 13.60% 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 Systemair AB was 17.20% per year. The lowest was -18.30% per year. And the median was 13.00% per year.

As of today (2024-12-13), Systemair AB's current stock price is kr97.40. Systemair AB's E10 for the quarter that ended in Oct. 2024 was kr2.55. Systemair AB's Shiller PE Ratio of today is 38.20.

During the past 13 years, the highest Shiller PE Ratio of Systemair AB was 61.76. The lowest was 7.70. And the median was 30.44.


Systemair AB E10 Historical Data

The historical data trend for Systemair AB'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.

Systemair AB E10 Chart

Systemair AB Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.46 1.54 1.79 2.36 2.46

Systemair AB Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 2.52 2.53 2.46 2.48 2.55

Competitive Comparison of Systemair AB's E10

For the Building Products & Equipment subindustry, Systemair AB'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.


Systemair AB's Shiller PE Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Systemair AB's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Systemair AB's Shiller PE Ratio falls into.



Systemair AB 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, Systemair AB's adjusted earnings per share data for the three months ended in Oct. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Oct. 2024 (Change)*Current CPI (Oct. 2024)
=1.14/132.6043*132.6043
=1.140

Current CPI (Oct. 2024) = 132.6043.

Systemair AB Quarterly Data

per share eps CPI Adj_EPS
201501 0.210 99.172 0.281
201504 0.141 99.941 0.187
201507 0.388 100.027 0.514
201510 0.413 100.301 0.546
201601 0.063 99.931 0.084
201604 0.133 100.732 0.175
201607 0.478 101.080 0.627
201610 0.555 101.485 0.725
201701 0.245 101.326 0.321
201704 0.138 102.615 0.178
201707 0.363 103.301 0.466
201710 0.488 103.202 0.627
201801 0.200 102.925 0.258
201804 0.057 104.390 0.072
201807 0.348 105.420 0.438
201810 0.605 105.545 0.760
201901 0.213 104.855 0.269
201904 0.382 106.627 0.475
201907 0.610 107.166 0.755
201910 0.930 107.243 1.150
202001 0.300 106.215 0.375
202004 -0.005 106.240 -0.006
202007 0.393 107.731 0.484
202010 0.680 107.539 0.838
202101 0.330 107.897 0.406
202104 0.553 108.624 0.675
202107 0.750 109.218 0.911
202110 0.740 110.562 0.888
202201 0.470 111.876 0.557
202204 0.660 115.534 0.758
202207 1.040 118.489 1.164
202210 0.210 122.561 0.227
202301 0.790 124.942 0.838
202304 2.970 127.632 3.086
202307 1.170 129.464 1.198
202310 1.180 130.549 1.199
202401 -0.120 131.720 -0.121
202404 0.870 132.601 0.870
202407 1.010 132.831 1.008
202410 1.140 132.604 1.140

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


Systemair AB  (LTS:0HDK) 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.

Systemair AB's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=97.40/2.55
=38.20

* 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 Systemair AB was 61.76. The lowest was 7.70. And the median was 30.44.


Be Aware

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


Systemair AB E10 Related Terms

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


Systemair AB Business Description

Traded in Other Exchanges
Address
Industrivagen 3, Skinnskatteberg, SWE, SE-739 30
Systemair AB is a building material company that develops, manufactures, and markets ventilation products. The company's products under its flagship Systemair brand include air conditioning units, air curtains, air distribution products, and energy-efficient fans. The company also markets products under its Frico, VEAB Heat Tech AB, Fantech, and Menerga segments. Frico manufactures air curtains and heating products, while VEAB primarily develops heating products. The Fantech segment markets to the residential sector, in contrast to Systemair's commercial base. Menerga produces high-efficiency air-handling units for specialized buildings such as museums, airports, and swimming pool halls. The company generates the majority of its revenue from Europe.

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