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Hangzhou First Applied Material Co (SHSE:603806) E10 : ¥0.67 (As of Dec. 2023)


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What is Hangzhou First Applied Material Co 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.

Hangzhou First Applied Material Co's adjusted earnings per share data for the three months ended in Dec. 2023 was ¥0.220. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥0.67 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Hangzhou First Applied Material Co's average E10 Growth Rate was -33.00% 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.

As of today (2024-05-01), Hangzhou First Applied Material Co's current stock price is ¥27.22. Hangzhou First Applied Material Co's E10 for the quarter that ended in Dec. 2023 was ¥0.67. Hangzhou First Applied Material Co's Shiller PE Ratio of today is 40.63.

During the past 13 years, the highest Shiller PE Ratio of Hangzhou First Applied Material Co was 58.11. The lowest was 31.14. And the median was 40.54.


Hangzhou First Applied Material Co E10 Historical Data

The historical data trend for Hangzhou First Applied Material Co'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.

Hangzhou First Applied Material Co E10 Chart

Hangzhou First Applied Material Co 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 - - - 1.00 0.67

Hangzhou First Applied Material Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.00 0.80 0.64 0.67 0.67

Competitive Comparison of Hangzhou First Applied Material Co's E10

For the Semiconductor Equipment & Materials subindustry, Hangzhou First Applied Material Co'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.


Hangzhou First Applied Material Co's Shiller PE Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Hangzhou First Applied Material Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Hangzhou First Applied Material Co's Shiller PE Ratio falls into.



Hangzhou First Applied Material Co 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, Hangzhou First Applied Material Co's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.22/114.6694*114.6694
=0.220

Current CPI (Dec. 2023) = 114.6694.

Hangzhou First Applied Material Co Quarterly Data

per share eps CPI Adj_EPS
201403 0.070 98.600 0.081
201406 0.077 98.200 0.090
201409 0.077 98.900 0.089
201412 0.060 99.000 0.069
201503 0.063 99.900 0.072
201506 0.094 99.500 0.108
201509 0.084 100.500 0.096
201512 0.136 100.600 0.155
201603 0.093 102.200 0.104
201606 0.164 101.400 0.185
201609 0.099 102.400 0.111
201612 0.137 102.600 0.153
201703 0.058 103.200 0.064
201706 0.087 103.100 0.097
201709 0.070 104.100 0.077
201712 0.125 104.500 0.137
201803 0.059 105.300 0.064
201806 0.072 104.900 0.079
201809 0.070 106.600 0.075
201812 0.237 106.500 0.255
201903 0.126 107.700 0.134
201906 0.106 107.700 0.113
201909 0.115 109.800 0.120
201912 0.208 111.200 0.214
202003 0.089 112.300 0.091
202006 0.176 110.400 0.183
202009 0.225 111.700 0.231
202012 0.393 111.500 0.404
202103 0.276 112.662 0.281
202106 0.224 111.769 0.230
202109 0.236 112.215 0.241
202112 0.464 113.108 0.470
202203 0.179 114.335 0.180
202206 0.391 114.558 0.391
202209 0.250 115.339 0.249
202212 0.030 115.116 0.030
202303 0.193 115.116 0.192
202306 0.277 114.558 0.277
202309 0.280 115.339 0.278
202312 0.220 114.669 0.220

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


Hangzhou First Applied Material Co  (SHSE:603806) 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.

Hangzhou First Applied Material Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=27.22/0.67
=40.63

* 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 Hangzhou First Applied Material Co was 58.11. The lowest was 31.14. And the median was 40.54.


Be Aware

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


Hangzhou First Applied Material Co E10 Related Terms

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


Hangzhou First Applied Material Co (SHSE:603806) Business Description

Traded in Other Exchanges
N/A
Address
8 Fusite Street Lin'an, Hangzhou, CHN, 311300
Hangzhou First Applied Material Co Ltd is a China-based company engages in the development, manufacturing and selling EVA solar cell film, polyamide hot-melt adhesive film, and solar battery panel. The company offers encapsulant EVA films, polyolefin films, and back sheet materials for PV modules; dry film photoresists and flexible copper clad laminates; aluminum laminated films; silicone encapsulant for LED; and co-polyamide hot melt web, a double-sided adhesive non-woven fabric used in the bonding of fabric, leather, metal, plastic, microfiber, non-woven fabric, wood, paper, and other materials.

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