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Fletcher Building (STU:FLQ) E10 : €0.12 (As of Jun. 2024)


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What is Fletcher Building 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.

Fletcher Building's adjusted earnings per share data for the fiscal year that ended in Jun. 2024 was €-0.160. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.12 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Fletcher Building's average E10 Growth Rate was -28.60% per year. During the past 3 years, the average E10 Growth Rate was -7.20% per year. During the past 5 years, the average E10 Growth Rate was -5.50% 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 Fletcher Building was 20.70% per year. The lowest was -17.20% per year. And the median was -3.20% per year.

As of today (2024-12-13), Fletcher Building's current stock price is € 1.51. Fletcher Building's E10 for the fiscal year that ended in Jun. 2024 was €0.12. Fletcher Building's Shiller PE Ratio of today is 12.58.

During the past 13 years, the highest Shiller PE Ratio of Fletcher Building was 30.35. The lowest was 9.75. And the median was 15.84.


Fletcher Building E10 Historical Data

The historical data trend for Fletcher Building'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.

Fletcher Building E10 Chart

Fletcher Building 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 0.15 0.15 0.17 0.15 0.12

Fletcher Building Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 0.17 - 0.15 - 0.12

Competitive Comparison of Fletcher Building's E10

For the Building Materials subindustry, Fletcher Building'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.


Fletcher Building's Shiller PE Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Fletcher Building's Shiller PE Ratio distribution charts can be found below:

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



Fletcher Building 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, Fletcher Building's adjusted earnings per share data for the fiscal year that ended in Jun. 2024 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=-0.16/130.0373*130.0373
=-0.160

Current CPI (Jun. 2024) = 130.0373.

Fletcher Building Annual Data

per_share_eps CPI Adj_EPS
201506 0.226 100.063 0.294
201606 0.380 100.480 0.492
201706 0.081 102.231 0.103
201806 -0.147 103.764 -0.184
201906 0.098 105.502 0.121
202006 -0.130 107.035 -0.158
202106 0.208 110.614 0.245
202206 0.293 118.690 0.321
202306 0.156 125.846 0.161
202406 -0.160 130.037 -0.160

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


Fletcher Building  (STU:FLQ) 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.

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

Shiller PE Ratio=Share Price/E10
=1.51/0.12
=12.58

* 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 Fletcher Building was 30.35. The lowest was 9.75. And the median was 15.84.


Be Aware

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


Fletcher Building E10 Related Terms

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


Fletcher Building Business Description

Address
810 Great South Road, Penrose, Auckland, NTL, NZL, 1061
Fletcher Building is a New Zealand-based building materials company with operations focused in New Zealand, but also extending to Australia. It has a conglomerate structure with diverse operations across concrete, building products, steel, retail distribution, construction, and development. Most revenue is derived from new house construction, with smaller earnings contributions from commercial and infrastructure construction.

Fletcher Building Headlines

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