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Global Ferronickel Holdings (PHS:FNI) E10 : ₱0.58 (As of Mar. 2024)


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What is Global Ferronickel Holdings 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.

Global Ferronickel Holdings's adjusted earnings per share data for the three months ended in Mar. 2024 was ₱0.002. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₱0.58 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Global Ferronickel Holdings's average E10 Growth Rate was -9.40% 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 Global Ferronickel Holdings was 3.30% per year. The lowest was 3.30% per year. And the median was 3.30% per year.

As of today (2024-06-20), Global Ferronickel Holdings's current stock price is ₱1.63. Global Ferronickel Holdings's E10 for the quarter that ended in Mar. 2024 was ₱0.58. Global Ferronickel Holdings's Shiller PE Ratio of today is 2.81.

During the past 13 years, the highest Shiller PE Ratio of Global Ferronickel Holdings was 5.40. The lowest was 0.81. And the median was 3.69.


Global Ferronickel Holdings E10 Historical Data

The historical data trend for Global Ferronickel Holdings'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.

Global Ferronickel Holdings E10 Chart

Global Ferronickel Holdings Annual Data
Trend Jun14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.58 0.58 0.60 0.64 0.58

Global Ferronickel Holdings 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 0.64 0.64 0.60 0.58 0.58

Competitive Comparison of Global Ferronickel Holdings's E10

For the Other Industrial Metals & Mining subindustry, Global Ferronickel Holdings'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.


Global Ferronickel Holdings's Shiller PE Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Global Ferronickel Holdings's Shiller PE Ratio falls into.



Global Ferronickel Holdings 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, Global Ferronickel Holdings'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)
=0.002/131.7762*131.7762
=0.002

Current CPI (Mar. 2024) = 131.7762.

Global Ferronickel Holdings Quarterly Data

per share eps CPI Adj_EPS
201406 0.720 100.560 0.944
201409 -0.002 100.428 -0.003
201412 1.870 99.070 2.487
201503 -0.035 99.621 -0.046
201506 0.057 100.684 0.075
201509 0.097 100.392 0.127
201512 0.096 99.792 0.127
201603 -0.023 100.470 -0.030
201606 -0.034 101.688 -0.044
201609 0.053 101.861 0.069
201612 0.009 101.863 0.012
201703 -0.020 102.862 -0.026
201706 0.046 103.349 0.059
201709 0.110 104.136 0.139
201712 0.004 104.011 0.005
201803 -0.030 105.290 -0.038
201806 0.030 106.317 0.037
201809 0.109 106.507 0.135
201812 -0.019 105.998 -0.024
201903 -0.025 107.251 -0.031
201906 0.005 108.070 0.006
201909 0.128 108.329 0.156
201912 0.093 108.420 0.113
202003 -0.029 108.902 -0.035
202006 0.065 108.767 0.079
202009 0.249 109.815 0.299
202012 0.055 109.897 0.066
202103 -0.018 111.754 -0.021
202106 0.140 114.631 0.161
202109 0.233 115.734 0.265
202112 0.045 117.630 0.050
202203 -0.038 121.301 -0.041
202206 0.121 125.017 0.128
202209 0.288 125.227 0.303
202212 -0.002 125.222 -0.002
202303 0.030 127.348 0.031
202306 0.038 128.729 0.039
202309 0.235 129.860 0.238
202312 -0.002 129.419 -0.002
202403 0.002 131.776 0.002

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


Global Ferronickel Holdings  (PHS:FNI) 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.

Global Ferronickel Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1.63/0.58
=2.81

* 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 Global Ferronickel Holdings was 5.40. The lowest was 0.81. And the median was 3.69.


Be Aware

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


Global Ferronickel Holdings E10 Related Terms

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


Global Ferronickel Holdings (PHS:FNI) Business Description

Traded in Other Exchanges
N/A
Address
Asean Avenue corner Fuentes Street, Penthouse, Platinum Tower, Metro Manila, Paranaque, PHL, 1701
Global Ferronickel Holdings Inc is a nickel producer in the Philippines and a supplier of nickel ore. The company has an extensive portfolio of exploration sites and exploration programs. Its operating segment includes Mining; Manufacturing and Services. The company generates maximum revenue from the Mining segment. Mining segment, which is engaged in the mining and exploration of nickel saprolite and limonite ore. Geographically, it operates in the Philippines and Hong Kong.

Global Ferronickel Holdings (PHS:FNI) Headlines