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Asix Electronics (ROCO:3169) E10 : NT$3.74 (As of Sep. 2024)


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What is Asix Electronics 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.

Asix Electronics's adjusted earnings per share data for the three months ended in Sep. 2024 was NT$0.650. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$3.74 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Asix Electronics's average E10 Growth Rate was 6.60% per year. During the past 3 years, the average E10 Growth Rate was 15.90% 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 Asix Electronics was 15.90% per year. The lowest was 13.30% per year. And the median was 14.60% per year.

As of today (2024-12-14), Asix Electronics's current stock price is NT$106.00. Asix Electronics's E10 for the quarter that ended in Sep. 2024 was NT$3.74. Asix Electronics's Shiller PE Ratio of today is 28.34.

During the past 13 years, the highest Shiller PE Ratio of Asix Electronics was 107.92. The lowest was 12.54. And the median was 34.52.


Asix Electronics E10 Historical Data

The historical data trend for Asix Electronics'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.

Asix Electronics E10 Chart

Asix Electronics 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 2.29 2.26 2.79 3.33 3.52

Asix Electronics 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 3.51 3.52 3.63 3.71 3.74

Competitive Comparison of Asix Electronics's E10

For the Semiconductors subindustry, Asix Electronics'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.


Asix Electronics's Shiller PE Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Asix Electronics's Shiller PE Ratio distribution charts can be found below:

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



Asix Electronics 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, Asix Electronics'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)
=0.65/133.0289*133.0289
=0.650

Current CPI (Sep. 2024) = 133.0289.

Asix Electronics Quarterly Data

per share eps CPI Adj_EPS
201412 0.511 99.070 0.686
201503 0.244 99.621 0.326
201506 0.089 100.684 0.118
201509 0.467 100.392 0.619
201512 0.522 99.792 0.696
201603 0.222 100.470 0.294
201606 0.311 101.688 0.407
201609 0.400 101.861 0.522
201612 0.356 101.863 0.465
201703 0.411 102.862 0.532
201706 0.589 103.349 0.758
201709 0.556 104.136 0.710
201712 0.489 104.011 0.625
201803 0.300 105.290 0.379
201806 0.600 106.317 0.751
201809 0.656 106.507 0.819
201812 0.889 105.998 1.116
201903 0.689 107.251 0.855
201906 0.767 108.070 0.944
201909 0.650 108.329 0.798
201912 0.630 108.420 0.773
202003 0.390 108.902 0.476
202006 0.670 108.767 0.819
202009 0.830 109.815 1.005
202012 1.140 109.897 1.380
202103 1.110 111.754 1.321
202106 1.220 114.631 1.416
202109 1.960 115.734 2.253
202112 1.990 117.630 2.251
202203 1.860 121.301 2.040
202206 1.720 125.017 1.830
202209 1.620 125.227 1.721
202212 1.400 125.222 1.487
202303 0.740 127.348 0.773
202306 0.950 128.729 0.982
202309 0.910 129.860 0.932
202312 1.040 129.419 1.069
202403 0.790 131.776 0.798
202406 1.010 132.554 1.014
202409 0.650 133.029 0.650

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


Asix Electronics  (ROCO:3169) 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.

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

Shiller PE Ratio=Share Price/E10
=106.00/3.74
=28.34

* 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 Asix Electronics was 107.92. The lowest was 12.54. And the median was 34.52.


Be Aware

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


Asix Electronics E10 Related Terms

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


Asix Electronics Business Description

Traded in Other Exchanges
N/A
Address
No. 8, Hsin Ann Road, 4th Floor, Hsinchu Science Park, Hsinchu, TWN, 30078
Asix Electronics Corp Ltd is engaged in the research, development, manufacture, and sale of communication and mixed-signal receiving and processing chips, multimedia graphics IC and graphics boards, asynchronous transmission mode chips, interface transmission chips, display driver chips, and white light emitting diode driver chips. Geographically, the company generates a majority of its revenue from China and the rest from Taiwan and other regions.

Asix Electronics Headlines

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