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Kernel Holding (STU:0KE) E10 : €2.15 (As of Dec. 2024)


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What is Kernel Holding 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.

Kernel Holding's adjusted earnings per share data for the three months ended in Dec. 2024 was €0.181. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.15 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Kernel Holding's average E10 Growth Rate was 4.50% per year. During the past 3 years, the average E10 Growth Rate was 5.60% per year. During the past 5 years, the average E10 Growth Rate was 6.20% 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 Kernel Holding was 8.10% per year. The lowest was 1.70% per year. And the median was 5.60% per year.

As of today (2025-03-17), Kernel Holding's current stock price is €5.32. Kernel Holding's E10 for the quarter that ended in Dec. 2024 was €2.15. Kernel Holding's Shiller PE Ratio of today is 2.47.

During the past 13 years, the highest Shiller PE Ratio of Kernel Holding was 7.73. The lowest was 0.74. And the median was 5.29.


Kernel Holding E10 Historical Data

The historical data trend for Kernel Holding'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.

Kernel Holding E10 Chart

Kernel Holding Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.47 1.80 1.63 1.85 2.19

Kernel Holding Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 2.01 2.08 2.19 2.14 2.15

Competitive Comparison of Kernel Holding's E10

For the Food Distribution subindustry, Kernel Holding'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.


Kernel Holding's Shiller PE Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Kernel Holding's Shiller PE Ratio distribution charts can be found below:

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



Kernel Holding 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, Kernel Holding's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.181/133.1571*133.1571
=0.181

Current CPI (Dec. 2024) = 133.1571.

Kernel Holding Quarterly Data

per share eps CPI Adj_EPS
201503 0.083 99.621 0.111
201506 0.241 100.684 0.319
201509 0.267 100.392 0.354
201512 1.313 99.792 1.752
201603 1.015 100.470 1.345
201606 -0.080 101.688 -0.105
201609 0.695 101.861 0.909
201612 1.100 101.863 1.438
201703 0.374 102.862 0.484
201706 -0.187 103.349 -0.241
201709 0.227 104.136 0.290
201712 0.684 104.011 0.876
201803 -0.389 105.290 -0.492
201806 0.017 106.317 0.021
201809 0.780 106.507 0.975
201812 0.941 105.998 1.182
201903 0.274 107.251 0.340
201906 -0.009 108.070 -0.011
201909 0.654 108.329 0.804
201912 0.450 108.420 0.553
202003 -0.271 108.902 -0.331
202006 0.444 108.767 0.544
202009 2.063 109.815 2.502
202012 1.249 109.897 1.513
202103 0.160 111.754 0.191
202106 1.627 114.631 1.890
202109 2.142 115.734 2.464
202112 2.336 117.630 2.644
202203 -1.189 121.301 -1.305
202206 -4.219 125.017 -4.494
202209 2.111 125.227 2.245
202212 2.520 125.222 2.680
202303 0.831 127.348 0.869
202306 -1.643 128.729 -1.700
202309 -0.197 129.860 -0.202
202312 0.413 129.419 0.425
202403 0.313 131.776 0.316
202406 -0.167 132.554 -0.168
202409 0.369 133.029 0.369
202412 0.181 133.157 0.181

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


Kernel Holding  (STU:0KE) 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.

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

Shiller PE Ratio=Share Price/E10
=5.32/2.15
=2.47

* 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 Kernel Holding was 7.73. The lowest was 0.74. And the median was 5.29.


Be Aware

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


Kernel Holding E10 Related Terms

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


Kernel Holding Business Description

Traded in Other Exchanges
Address
3 Tarasa Shevchenka Lane, Kyiv, UKR, 01001
Kernel Holding SA is an investment holding company. The company's segment includes Oilseed Processing; Infrastructure and Trading and Farming. It generates maximum revenue from the Infrastructure and Trading segment. The Infrastructure and Trading segment includes sourcing and merchandising of wholesale edible oils, grain, provision of silo services, grain handling and transshipment services.

Kernel Holding Headlines

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