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Sinotrans (SHSE:601598) E10 : ¥1.11 (As of Jun. 2024)


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What is Sinotrans 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.

Sinotrans's adjusted earnings per share data for the three months ended in Jun. 2024 was ¥0.157. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥1.11 for the trailing ten years ended in Jun. 2024.

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.

As of today (2024-12-14), Sinotrans's current stock price is ¥5.27. Sinotrans's E10 for the quarter that ended in Jun. 2024 was ¥1.11. Sinotrans's Shiller PE Ratio of today is 4.75.

During the past 13 years, the highest Shiller PE Ratio of Sinotrans was 5.95. The lowest was 3.30. And the median was 4.61.


Sinotrans E10 Historical Data

The historical data trend for Sinotrans'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.

Sinotrans E10 Chart

Sinotrans 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 - - - - 1.23

Sinotrans Quarterly Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 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 1.34 1.23 1.18 1.11 -

Competitive Comparison of Sinotrans's E10

For the Integrated Freight & Logistics subindustry, Sinotrans'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.


Sinotrans's Shiller PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Sinotrans's Shiller PE Ratio distribution charts can be found below:

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



Sinotrans 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, Sinotrans's adjusted earnings per share data for the three months ended in Jun. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.157/114.7809*114.7809
=0.157

Current CPI (Jun. 2024) = 114.7809.

Sinotrans Quarterly Data

per share eps CPI Adj_EPS
200412 0.000 74.488 0.000
200512 0.000 75.666 0.000
200612 0.000 77.793 0.000
200712 0.000 82.911 0.000
200812 0.000 83.956 0.000
200906 0.060 83.615 0.082
200912 0.030 85.386 0.040
201006 0.090 85.886 0.120
201012 0.060 89.289 0.077
201106 0.100 91.612 0.125
201112 0.048 92.885 0.059
201206 0.090 93.495 0.110
201212 0.060 95.237 0.072
201306 0.110 95.984 0.132
201312 0.100 97.624 0.118
201406 0.160 98.200 0.187
201412 0.120 99.000 0.139
201506 0.190 99.500 0.219
201512 0.130 100.600 0.148
201606 0.210 101.400 0.238
201612 0.160 102.600 0.179
201706 0.203 103.100 0.226
201712 0.177 104.500 0.194
201806 0.210 104.900 0.230
201812 0.240 106.500 0.259
201906 0.210 107.700 0.224
201912 0.170 111.200 0.175
202006 0.160 110.400 0.166
202012 0.210 111.500 0.216
202106 0.292 111.769 0.300
202112 0.208 113.108 0.211
202206 0.310 114.558 0.311
202209 0.173 115.339 0.172
202212 0.072 115.116 0.072
202303 0.130 115.116 0.130
202306 0.172 114.558 0.172
202309 0.128 115.339 0.127
202312 0.152 114.781 0.152
202403 0.110 115.227 0.110
202406 0.157 114.781 0.157

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


Sinotrans  (SHSE:601598) 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.

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

Shiller PE Ratio=Share Price/E10
=5.27/1.11
=4.75

* 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 Sinotrans was 5.95. The lowest was 3.30. And the median was 4.61.


Be Aware

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


Sinotrans E10 Related Terms

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


Sinotrans Business Description

Traded in Other Exchanges
Address
Building 10, No. 5 Anding Road, Sinotrans Building Tower B, Chaoyang District, Beijing, CHN, 100029
Sinotrans Ltd is an integrated logistics services company. The company organizes itself into three segments:Agency and related business, Professional logistics business, and e-commerce business. The Agency and related business segment, which contributes the majority of revenue, includes providing services such as freight forwarding, warehousing, storage yards, container loading and, terminal services, among others. The logistics segment provides professional and customized logistics services. The E-commerce segment includes logistics solutions for import and export e-commerce customers.

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