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SAIC Motor (SHSE:600104) E10 : ¥2.44 (As of Mar. 2024)


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What is SAIC Motor 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.

SAIC Motor's adjusted earnings per share data for the three months ended in Mar. 2024 was ¥0.236. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥2.44 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SAIC Motor's average E10 Growth Rate was -6.20% per year. During the past 3 years, the average E10 Growth Rate was -2.20% per year. During the past 5 years, the average E10 Growth Rate was -0.20% per year. During the past 10 years, the average E10 Growth Rate was 8.80% 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 SAIC Motor was 33.30% per year. The lowest was -2.20% per year. And the median was 17.20% per year.

As of today (2024-05-22), SAIC Motor's current stock price is ¥14.43. SAIC Motor's E10 for the quarter that ended in Mar. 2024 was ¥2.44. SAIC Motor's Shiller PE Ratio of today is 5.91.

During the past 13 years, the highest Shiller PE Ratio of SAIC Motor was 19.69. The lowest was 5.10. And the median was 11.38.


SAIC Motor E10 Historical Data

The historical data trend for SAIC Motor'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.

SAIC Motor E10 Chart

SAIC Motor 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 2.70 2.65 2.67 2.63 2.48

SAIC Motor 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 2.59 2.56 2.54 2.48 2.44

Competitive Comparison of SAIC Motor's E10

For the Auto Manufacturers subindustry, SAIC Motor'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.


SAIC Motor's Shiller PE Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, SAIC Motor's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where SAIC Motor's Shiller PE Ratio falls into.



SAIC Motor 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, SAIC Motor'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)
=0.236/115.2271*115.2271
=0.236

Current CPI (Mar. 2024) = 115.2271.

SAIC Motor Quarterly Data

per share eps CPI Adj_EPS
201406 0.598 98.200 0.702
201409 0.620 98.900 0.722
201412 0.686 99.000 0.798
201503 0.677 99.900 0.781
201506 0.607 99.500 0.703
201509 0.643 100.500 0.737
201512 0.774 100.600 0.887
201603 0.720 102.200 0.812
201606 0.646 101.400 0.734
201609 0.728 102.400 0.819
201612 0.808 102.600 0.907
201703 0.721 103.200 0.805
201706 0.658 103.100 0.735
201709 0.743 104.100 0.822
201712 0.836 104.500 0.922
201803 0.831 105.300 0.909
201806 0.794 104.900 0.872
201809 0.744 106.600 0.804
201812 0.713 106.500 0.771
201903 0.706 107.700 0.755
201906 0.472 107.700 0.505
201909 0.602 109.800 0.632
201912 0.411 111.200 0.426
202003 0.096 112.300 0.099
202006 0.622 110.400 0.649
202009 0.708 111.700 0.730
202012 0.324 111.500 0.335
202103 0.591 112.662 0.604
202106 0.554 111.769 0.571
202109 0.602 112.215 0.618
202112 0.358 113.108 0.365
202203 0.478 114.335 0.482
202206 0.119 114.558 0.120
202209 0.491 115.339 0.491
202212 0.297 115.116 0.297
202303 0.242 115.116 0.242
202306 0.368 114.558 0.370
202309 0.370 115.339 0.370
202312 0.231 114.781 0.232
202403 0.236 115.227 0.236

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


SAIC Motor  (SHSE:600104) 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.

SAIC Motor's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=14.43/2.44
=5.91

* 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 SAIC Motor was 19.69. The lowest was 5.10. And the median was 11.38.


Be Aware

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


SAIC Motor E10 Related Terms

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


SAIC Motor (SHSE:600104) Business Description

Traded in Other Exchanges
N/A
Address
489 Weihai Road, Shanghai, CHN, 200041
SAIC Motor Corp Ltd builds and sells passenger cars and commercial vehicles. It is exploring intelligent driving technology research and industrialization of exploration. It is engaged in the research, production, and sales of parts for motor drive systems, chassis systems, batteries, electric drives, power electronics, and other new energy vehicles. Further, it is also involved in auto-related services such as logistics, e-commerce, travel, energy saving, and charging services; auto-related finance, insurance, and investment services; and the layout of industries of big data and artificial intelligence.

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