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Mondelez International (LTS:0R0G) E10 : $3.00 (As of Mar. 2024)


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What is Mondelez International 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.

Mondelez International's adjusted earnings per share data for the three months ended in Mar. 2024 was $1.040. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Mondelez International's average E10 Growth Rate was 3.40% per year. During the past 3 years, the average E10 Growth Rate was 7.10% per year. During the past 5 years, the average E10 Growth Rate was 5.00% per year. During the past 10 years, the average E10 Growth Rate was 3.30% 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 Mondelez International was 7.10% per year. The lowest was -1.40% per year. And the median was 2.50% per year.

As of today (2024-05-16), Mondelez International's current stock price is $71.80. Mondelez International's E10 for the quarter that ended in Mar. 2024 was $3.00. Mondelez International's Shiller PE Ratio of today is 23.93.

During the past 13 years, the highest Shiller PE Ratio of Mondelez International was 26.86. The lowest was 13.85. And the median was 20.63.


Mondelez International E10 Historical Data

The historical data trend for Mondelez International'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.

Mondelez International E10 Chart

Mondelez International 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 2.37 2.35 2.59 2.73 2.91

Mondelez International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.90 2.96 2.98 2.91 3.00

Competitive Comparison of Mondelez International's E10

For the Confectioners subindustry, Mondelez International'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.


Mondelez International's Shiller PE Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mondelez International's Shiller PE Ratio distribution charts can be found below:

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



Mondelez International 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, Mondelez International's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.04/131.7762*131.7762
=1.040

Current CPI (Mar. 2024) = 131.7762.

Mondelez International Quarterly Data

per share eps CPI Adj_EPS
201406 0.360 100.560 0.472
201409 0.530 100.428 0.695
201412 0.290 99.070 0.386
201503 0.190 99.621 0.251
201506 0.250 100.684 0.327
201509 4.460 100.392 5.854
201512 -0.460 99.792 -0.607
201603 0.350 100.470 0.459
201606 0.290 101.688 0.376
201609 0.350 101.861 0.453
201612 0.060 101.863 0.078
201703 0.410 102.862 0.525
201706 0.320 103.349 0.408
201709 0.640 104.136 0.810
201712 0.530 104.011 0.671
201803 0.700 105.290 0.876
201806 0.210 106.317 0.260
201809 0.810 106.507 1.002
201812 0.560 105.998 0.696
201903 0.630 107.251 0.774
201906 0.550 108.070 0.671
201909 0.980 108.329 1.192
201912 0.500 108.420 0.608
202003 0.510 108.902 0.617
202006 0.380 108.767 0.460
202009 0.780 109.815 0.936
202012 0.800 109.897 0.959
202103 0.680 111.754 0.802
202106 0.760 114.631 0.874
202109 0.890 115.734 1.013
202112 0.710 117.630 0.795
202203 0.610 121.301 0.663
202206 0.540 125.017 0.569
202209 0.390 125.227 0.410
202212 0.420 125.222 0.442
202303 1.520 127.348 1.573
202306 0.690 128.729 0.706
202309 0.720 129.860 0.731
202312 0.700 129.419 0.713
202403 1.040 131.776 1.040

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


Mondelez International  (LTS:0R0G) 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.

Mondelez International's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=71.80/3
=23.93

* 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 Mondelez International was 26.86. The lowest was 13.85. And the median was 20.63.


Be Aware

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


Mondelez International E10 Related Terms

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


Mondelez International (LTS:0R0G) Business Description

Address
905 West Fulton Market, Suite 200, Chicago, IL, USA, 60607
Mondelez has operated as an independent organization since its split from the former Kraft Foods North American grocery business in October 2012. The firm is a leading player in the global snack arena with a presence in the biscuit (50% of sales), chocolate (30%), gum/candy (11%), beverage (3%), and cheese and grocery (6%) aisles, as of the end of fiscal 2022. Mondelez's portfolio includes well-known brands like Oreo, Chips Ahoy, Halls, and Cadbury, among others. The firm derives just shy of 40% of revenue from developing markets, about one third from Europe, and the remainder from North America.

Mondelez International (LTS:0R0G) Headlines

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