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Speed Tech (ROCO:5457) E10 : NT$2.29 (As of Mar. 2024)


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What is Speed Tech 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.

Speed Tech's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$0.240. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$2.29 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Speed Tech's average E10 Growth Rate was -100.00% per year. During the past 3 years, the average E10 Growth Rate was 43.00% 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 Speed Tech was 92.50% per year. The lowest was 43.00% per year. And the median was 67.75% per year.

As of today (2024-05-17), Speed Tech's current stock price is NT$62.60. Speed Tech's E10 for the quarter that ended in Mar. 2024 was NT$2.29. Speed Tech's Shiller PE Ratio of today is 27.34.

During the past 13 years, the highest Shiller PE Ratio of Speed Tech was 285.56. The lowest was 20.80. And the median was 50.00.


Speed Tech E10 Historical Data

The historical data trend for Speed Tech'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.

Speed Tech E10 Chart

Speed Tech 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 0.31 0.81 1.44 2.21 2.37

Speed Tech 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 2.23 2.26 2.42 2.37 2.29

Competitive Comparison of Speed Tech's E10

For the Electronic Components subindustry, Speed Tech'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.


Speed Tech's Shiller PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Speed Tech's Shiller PE Ratio distribution charts can be found below:

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



Speed Tech 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, Speed Tech'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)
=0.24/131.7762*131.7762
=0.240

Current CPI (Mar. 2024) = 131.7762.

Speed Tech Quarterly Data

per share eps CPI Adj_EPS
201406 0.070 100.560 0.092
201409 0.540 100.428 0.709
201412 0.460 99.070 0.612
201503 0.190 99.621 0.251
201506 0.260 100.684 0.340
201509 0.620 100.392 0.814
201512 0.250 99.792 0.330
201603 -0.110 100.470 -0.144
201606 -0.170 101.688 -0.220
201609 -0.060 101.861 -0.078
201612 0.070 101.863 0.091
201703 -0.150 102.862 -0.192
201706 0.120 103.349 0.153
201709 0.150 104.136 0.190
201712 0.220 104.011 0.279
201803 -0.290 105.290 -0.363
201806 0.110 106.317 0.136
201809 0.760 106.507 0.940
201812 0.420 105.998 0.522
201903 0.070 107.251 0.086
201906 0.270 108.070 0.329
201909 0.990 108.329 1.204
201912 0.790 108.420 0.960
202003 0.820 108.902 0.992
202006 0.930 108.767 1.127
202009 1.090 109.815 1.308
202012 1.260 109.897 1.511
202103 0.910 111.754 1.073
202106 0.970 114.631 1.115
202109 1.690 115.734 1.924
202112 1.240 117.630 1.389
202203 0.870 121.301 0.945
202206 1.130 125.017 1.191
202209 1.920 125.227 2.020
202212 0.430 125.222 0.453
202303 -0.400 127.348 -0.414
202306 0.010 128.729 0.010
202309 1.280 129.860 1.299
202312 0.110 129.419 0.112
202403 0.240 131.776 0.240

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


Speed Tech  (ROCO:5457) 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.

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

Shiller PE Ratio=Share Price/E10
=62.60/2.29
=27.34

* 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 Speed Tech was 285.56. The lowest was 20.80. And the median was 50.00.


Be Aware

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


Speed Tech E10 Related Terms

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


Speed Tech (ROCO:5457) Business Description

Traded in Other Exchanges
N/A
Address
No.568, Sec.1, Ming-Sheng North Road, Guishan District, Taoyuan City, TWN
Speed Tech Corp is a company that manufactures electronic connectors for various computers, related control buttons, key components, mechanical design, processing, manufacturing, and sale of various precision molds, jigs, plastic molding products, and electronic, and communication products. The company earns maximum revenue from the connectors department. The company operates in China, Hong Kong, Taiwan, and others.

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