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Constellation Brands (NEOE:STZ) E10 : C$0.62 (As of Aug. 2024)


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What is Constellation Brands 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.

Constellation Brands's adjusted earnings per share data for the three months ended in Aug. 2024 was C$-0.543. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$0.62 for the trailing ten years ended in Aug. 2024.

During the past 12 months, Constellation Brands's average E10 Growth Rate was -0.10% per year. During the past 3 years, the average E10 Growth Rate was 1.40% per year. During the past 5 years, the average E10 Growth Rate was 4.10% per year. During the past 10 years, the average E10 Growth Rate was 18.50% 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 Constellation Brands was 40.40% per year. The lowest was -20.90% per year. And the median was 21.25% per year.

As of today (2024-12-11), Constellation Brands's current stock price is C$20.15. Constellation Brands's E10 for the quarter that ended in Aug. 2024 was C$0.62. Constellation Brands's Shiller PE Ratio of today is 32.50.

During the past 13 years, the highest Shiller PE Ratio of Constellation Brands was 67.56. The lowest was 17.87. And the median was 32.26.


Constellation Brands E10 Historical Data

The historical data trend for Constellation Brands'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.

Constellation Brands E10 Chart

Constellation Brands Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.65

Constellation Brands Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 - - 0.65 0.69 0.62

Competitive Comparison of Constellation Brands's E10

For the Beverages - Brewers subindustry, Constellation Brands'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.


Constellation Brands's Shiller PE Ratio Distribution in the Beverages - Alcoholic Industry

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

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



Constellation Brands 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, Constellation Brands's adjusted earnings per share data for the three months ended in Aug. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Aug. 2024 (Change)*Current CPI (Aug. 2024)
=-0.543/132.8158*132.8158
=-0.543

Current CPI (Aug. 2024) = 132.8158.

Constellation Brands Quarterly Data

per share eps CPI Adj_EPS
201411 0.075 99.635 0.100
201502 0.080 99.032 0.107
201505 0.087 100.333 0.115
201508 0.118 100.548 0.156
201511 0.107 100.135 0.142
201602 0.099 100.040 0.131
201605 0.121 101.355 0.159
201608 0.137 101.617 0.179
201611 0.160 101.829 0.209
201702 0.179 102.779 0.231
201705 0.162 103.256 0.208
201708 0.189 103.587 0.242
201711 0.189 104.072 0.241
201802 0.352 105.052 0.445
201805 0.293 106.148 0.367
201808 0.462 106.383 0.577
201811 0.124 106.338 0.155
201902 0.507 106.649 0.631
201905 -0.106 108.048 -0.130
201908 -0.222 108.245 -0.272
201911 0.148 108.519 0.181
202002 0.163 109.139 0.198
202005 -0.079 108.175 -0.097
202008 0.209 109.662 0.253
202011 0.516 109.793 0.624
202102 0.149 110.968 0.178
202105 -0.347 113.576 -0.406
202108 0.001 115.421 0.001
202111 0.188 117.269 0.213
202202 0.159 119.703 0.176
202205 0.160 123.323 0.172
202208 -0.491 124.958 -0.522
202211 0.205 125.607 0.217
202302 0.098 126.928 0.103
202305 0.060 128.314 0.062
202308 0.304 129.538 0.312
202311 0.228 129.548 0.234
202402 0.174 130.930 0.177
202405 0.394 132.509 0.395
202408 -0.543 132.816 -0.543

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


Constellation Brands  (NEOE:STZ) 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.

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

Shiller PE Ratio=Share Price/E10
=20.15/0.62
=32.50

* 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 Constellation Brands was 67.56. The lowest was 17.87. And the median was 32.26.


Be Aware

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


Constellation Brands E10 Related Terms

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


Constellation Brands Business Description

Address
207 High Point Drive, Building 100, Victor, New York, NY, USA, 14564
Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the us, generating 82% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company continue to prune assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the us, the firm has little revenue exposure to international markets. Constellation owns a 26% stake in no-moat Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.