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EchoStar Corp  (NAS:SATS) E10: $0.34 (As of Jun. 2017)

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.

EchoStar Corp's adjusted earnings per share data for the three months ended in Jun. 2017 was $0.070. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.34 for the trailing ten years ended in Jun. 2017.

As of today, EchoStar Corp's current stock price is $54.61. EchoStar Corp's E10 for the quarter that ended in Jun. 2017 was $0.34. EchoStar Corp's Shiller PE Ratio of today is 160.62.

During the past 11 years, the highest Shiller PE Ratio of EchoStar Corp was 234.38. The lowest was 72.83. And the median was 178.29.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

EchoStar Corp Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.24

EchoStar Corp Quarterly Data

Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
E10 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 Premium Member Only Premium Member Only Premium Member Only 0.00 0.53 0.24 0.31 0.34

Competitive Comparison
* 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.


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.

For example, EchoStar Corp's adjusted earnings per share data for the three months ended in Jun. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2017 (Change)*Current CPI (Jun. 2017)
=0.07/244.955*244.955
=0.070

Current CPI (Jun. 2017) = 244.955.

EchoStar Corp Quarterly Data

per share eps CPI Adj_EPS
200709 -0.070 208.490 -0.082
200712 -0.500 210.036 -0.583
200803 0.060 213.528 0.069
200806 0.530 218.815 0.593
200809 -3.430 218.783 -3.840
200812 -7.740 210.228 -9.019
200903 -0.010 212.709 -0.012
200906 1.180 215.693 1.340
200909 3.450 215.969 3.913
200912 -0.340 215.949 -0.386
201003 0.840 217.631 0.945
201006 -0.490 217.965 -0.551
201009 0.060 218.439 0.067
201012 1.980 219.179 2.213
201103 0.190 223.467 0.208
201106 0.210 225.722 0.228
201109 -0.220 226.889 -0.238
201112 -0.150 225.672 -0.163
201203 1.450 229.392 1.548
201206 0.410 229.478 0.438
201209 0.260 231.407 0.275
201212 0.290 229.601 0.309
201303 0.040 232.773 0.042
201306 -0.110 233.504 -0.115
201309 0.050 234.149 0.052
201312 0.050 233.049 0.053
201403 0.140 236.293 0.145
201406 0.360 238.343 0.370
201409 0.690 238.031 0.710
201412 0.590 234.812 0.615
201503 0.360 236.119 0.373
201506 0.360 238.638 0.370
201509 0.320 237.945 0.329
201512 0.710 236.525 0.735
201603 0.540 238.132 0.555
201606 0.600 241.018 0.610
201609 0.390 241.428 0.396
201612 0.400 241.432 0.406
201703 0.410 243.801 0.412
201706 0.070 244.955 0.070

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

EchoStar Corp's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=54.61/0.34
=160.62

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

During the past 11 years, the highest Shiller P/E Ratio of EchoStar Corp was 234.38. The lowest was 72.83. And the median was 178.29.


Be Aware

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


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