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Kimco Realty (MEX:KIM) E10 : MXN24.35 (As of Jun. 2024)


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What is Kimco Realty 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.

Kimco Realty's adjusted earnings per share data for the three months ended in Jun. 2024 was MXN3.114. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN24.35 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Kimco Realty's average E10 Growth Rate was 1.50% per year. During the past 3 years, the average E10 Growth Rate was 9.60% per year. During the past 5 years, the average E10 Growth Rate was 14.40% per year. During the past 10 years, the average E10 Growth Rate was 5.00% 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 Kimco Realty was 19.90% per year. The lowest was -7.10% per year. And the median was 1.80% per year.

As of today (2024-09-26), Kimco Realty's current stock price is MXN348.50. Kimco Realty's E10 for the quarter that ended in Jun. 2024 was MXN24.35. Kimco Realty's Shiller PE Ratio of today is 14.31.

During the past 13 years, the highest Shiller PE Ratio of Kimco Realty was 36.48. The lowest was 9.25. And the median was 22.14.


Kimco Realty E10 Historical Data

The historical data trend for Kimco Realty'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.

Kimco Realty E10 Chart

Kimco Realty 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 10.07 17.42 12.64 15.19 23.82

Kimco Realty Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 25.37 28.86 23.82 25.89 24.35

Competitive Comparison of Kimco Realty's E10

For the REIT - Retail subindustry, Kimco Realty'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.


Kimco Realty's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Kimco Realty's Shiller PE Ratio distribution charts can be found below:

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



Kimco Realty 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, Kimco Realty's adjusted earnings per share data for the three months ended in Jun. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=3.114/132.5538*132.5538
=3.114

Current CPI (Jun. 2024) = 132.5538.

Kimco Realty Quarterly Data

per share eps CPI Adj_EPS
201409 5.908 100.428 7.798
201412 1.327 99.070 1.776
201503 10.824 99.621 14.402
201506 4.236 100.684 5.577
201509 2.535 100.392 3.347
201512 14.960 99.792 19.871
201603 5.336 100.470 7.040
201606 8.507 101.688 11.089
201609 -2.514 101.861 -3.272
201612 3.299 101.863 4.293
201703 2.824 102.862 3.639
201706 5.604 103.349 7.188
201709 4.356 104.136 5.545
201712 3.339 104.011 4.255
201803 5.450 105.290 6.861
201806 7.074 106.317 8.820
201809 3.554 106.507 4.423
201812 3.338 105.998 4.174
201903 4.656 107.251 5.754
201906 3.842 108.070 4.712
201909 2.764 108.329 3.382
201912 4.149 108.420 5.073
202003 4.455 108.902 5.423
202006 39.470 108.767 48.102
202009 -2.209 109.815 -2.666
202012 8.951 109.897 10.796
202103 6.132 111.754 7.273
202106 4.977 114.631 5.755
202109 18.711 115.734 21.430
202112 2.667 117.630 3.005
202203 7.367 121.301 8.050
202206 -4.225 125.017 -4.480
202209 1.609 125.227 1.703
202212 -1.755 125.222 -1.858
202303 8.291 127.348 8.630
202306 2.743 128.729 2.825
202309 3.135 129.860 3.200
202312 3.734 129.419 3.824
202403 -0.498 131.776 -0.501
202406 3.114 132.554 3.114

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


Kimco Realty  (MEX:KIM) 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.

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

Shiller PE Ratio=Share Price/E10
=348.50/24.35
=14.31

* 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 Kimco Realty was 36.48. The lowest was 9.25. And the median was 22.14.


Be Aware

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


Kimco Realty E10 Related Terms

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


Kimco Realty Business Description

Address
500 North Broadway, Suite 201, Jericho, NY, USA, 11753
One of the oldest real estate investment trusts in the United States, Kimco Realty owns interests in 569 shopping centers throughout major markets in the US, representing roughly 87 million square feet.