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Fortune Minerals (LTS:0UWG) E10 : C$-0.04 (As of Sep. 2024)


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What is Fortune Minerals 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.

Fortune Minerals's adjusted earnings per share data for the three months ended in Sep. 2024 was C$-0.001. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$-0.04 for the trailing ten years ended in Sep. 2024.

During the past 3 years, the average E10 Growth Rate was 14.50% 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 Fortune Minerals was 14.50% per year. The lowest was -71.00% per year. And the median was -9.40% per year.

As of today (2024-12-13), Fortune Minerals's current stock price is C$0.055. Fortune Minerals's E10 for the quarter that ended in Sep. 2024 was C$-0.04. Fortune Minerals's Shiller PE Ratio of today is .


Fortune Minerals E10 Historical Data

The historical data trend for Fortune Minerals'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.

Fortune Minerals E10 Chart

Fortune Minerals 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 - -0.07 - -0.10 -0.09

Fortune Minerals Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -0.14 -0.09 -0.12 -0.04 -0.04

Competitive Comparison of Fortune Minerals's E10

For the Other Industrial Metals & Mining subindustry, Fortune Minerals'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.


Fortune Minerals's Shiller PE Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Fortune Minerals's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Fortune Minerals's Shiller PE Ratio falls into.



Fortune Minerals 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, Fortune Minerals's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=-0.001/127.2847*127.2847
=-0.001

Current CPI (Sep. 2024) = 127.2847.

Fortune Minerals Quarterly Data

per share eps CPI Adj_EPS
201412 -0.030 98.367 -0.039
201503 0.010 99.789 0.013
201506 -0.020 100.500 -0.025
201509 -0.190 100.421 -0.241
201512 0.000 99.947 0.000
201603 -0.010 101.054 -0.013
201606 -0.010 102.002 -0.012
201609 -0.010 101.765 -0.013
201612 0.000 101.449 0.000
201703 0.020 102.634 0.025
201706 -0.003 103.029 -0.004
201709 -0.010 103.345 -0.012
201712 -0.010 103.345 -0.012
201803 0.010 105.004 0.012
201806 0.020 105.557 0.024
201809 0.002 105.636 0.002
201812 -0.001 105.399 -0.001
201903 -0.010 106.979 -0.012
201906 -0.003 107.690 -0.004
201909 0.000 107.611 0.000
201912 0.000 107.769 0.000
202003 0.000 107.927 0.000
202006 -0.003 108.401 -0.004
202009 -0.001 108.164 -0.001
202012 -0.001 108.559 -0.001
202103 -0.010 110.298 -0.012
202106 0.003 111.720 0.003
202109 0.002 112.905 0.002
202112 0.000 113.774 0.000
202203 0.000 117.646 0.000
202206 -0.003 120.806 -0.003
202209 -0.002 120.648 -0.002
202212 -0.005 120.964 -0.005
202303 -0.001 122.702 -0.001
202306 -0.001 124.203 -0.001
202309 -0.002 125.230 -0.002
202312 -0.005 125.072 -0.005
202403 -0.001 126.258 -0.001
202406 -0.002 127.522 -0.002
202409 -0.001 127.285 -0.001

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


Fortune Minerals  (LTS:0UWG) 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.


Be Aware

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


Fortune Minerals E10 Related Terms

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


Fortune Minerals Business Description

Traded in Other Exchanges
Address
617 Wellington Street, London, ON, CAN, N6A 3R6
Fortune Minerals Ltd is a Canadian mining and mine development company focused in the exploration and development of specialty metals, base metals, and precious metals in the Northwest Territories with a Refinery contemplated to be built in western Canada.

Fortune Minerals Headlines

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