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Britvic (MEX:BVIC) E10 : MXN13.21 (As of Sep. 2024)


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What is Britvic 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.

Britvic's adjusted earnings per share data for the fiscal year that ended in Sep. 2024 was MXN13.075. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN13.21 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Britvic's average E10 Growth Rate was 2.00% per year. During the past 3 years, the average E10 Growth Rate was 8.60% per year. During the past 5 years, the average E10 Growth Rate was 10.60% per year. During the past 10 years, the average E10 Growth Rate was 10.80% 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 Britvic was 13.60% per year. The lowest was 3.80% per year. And the median was 10.10% per year.

As of today (2024-12-13), Britvic's current stock price is MXN 336.94. Britvic's E10 for the fiscal year that ended in Sep. 2024 was MXN13.21. Britvic's Shiller PE Ratio of today is 25.51.

During the past 13 years, the highest Shiller PE Ratio of Britvic was 40.82. The lowest was 16.03. And the median was 26.36.


Britvic E10 Historical Data

The historical data trend for Britvic'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.

Britvic E10 Chart

Britvic Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 13.21

Britvic Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 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 - - - - 13.21

Competitive Comparison of Britvic's E10

For the Beverages - Non-Alcoholic subindustry, Britvic'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.


Britvic's Shiller PE Ratio Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Britvic's Shiller PE Ratio distribution charts can be found below:

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



Britvic 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, Britvic's adjusted earnings per share data for the fiscal year that ended in Sep. 2024 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=13.075/133.5000*133.5000
=13.075

Current CPI (Sep. 2024) = 133.5000.

Britvic Annual Data

per_share_eps CPI Adj_EPS
201509 10.678 100.200 14.227
201609 11.052 101.500 14.536
201709 10.211 104.300 13.070
201809 10.783 106.600 13.504
201909 7.403 108.400 9.117
202009 10.130 109.200 12.384
202109 10.196 112.400 12.110
202209 11.960 122.300 13.055
202309 10.326 130.100 10.596
202409 13.075 133.500 13.075

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


Britvic  (MEX:BVIC) 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.

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

Shiller PE Ratio=Share Price/E10
=336.94/13.21
=25.51

* 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 Britvic was 40.82. The lowest was 16.03. And the median was 26.36.


Be Aware

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


Britvic E10 Related Terms

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


Britvic Business Description

Traded in Other Exchanges
Address
Breakspear Way, Breakspear Park, Hemel Hempstead, Hertfordshire, GBR, HP2 4TZ
Britvic PLC manufactures and sells nonalcoholic beverages, predominantly in Great Britain, France, and Ireland. In Great Britain and Ireland, the company sells PepsiCo brands in addition to its own Britvic brands. Britvic brands include Robinsons, J2O, Tango, Fruit Shoot and others. In France, it sells its own brands, including Teisseire, as well as private-label juices and syrups. The company also has a small international business that sells in dozens of countries, including India, the United States, and Brazil, where Britvic bought the Ebba company and now owns the Maguary and Dafruta brands. Majority of the company's total revenue is from sales in Great Britain. Britvic predominantly distributes its products to supermarkets.

Britvic Headlines

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