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Imax (STU:IMA) E10 : €0.04 (As of Mar. 2024)


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What is Imax 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.

Imax's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.055. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.04 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Imax's average E10 Growth Rate was -42.90% per year. During the past 3 years, the average E10 Growth Rate was -44.20% per year. During the past 5 years, the average E10 Growth Rate was -43.90% per year. During the past 10 years, the average E10 Growth Rate was -10.30% 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 Imax was 56.00% per year. The lowest was -52.40% per year. And the median was -2.70% per year.

As of today (2024-06-05), Imax's current stock price is €14.60. Imax's E10 for the quarter that ended in Mar. 2024 was €0.04. Imax's Shiller PE Ratio of today is 365.00.

During the past 13 years, the highest Shiller PE Ratio of Imax was 428.75. The lowest was 13.97. And the median was 107.06.


Imax E10 Historical Data

The historical data trend for Imax'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.

Imax E10 Chart

Imax 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 0.59 0.19 0.16 0.06 0.04

Imax 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 0.06 0.06 0.08 0.04 0.04

Competitive Comparison of Imax's E10

For the Entertainment subindustry, Imax'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.


Imax's Shiller PE Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Imax's Shiller PE Ratio distribution charts can be found below:

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



Imax 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, Imax'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)
=0.055/126.2576*126.2576
=0.055

Current CPI (Mar. 2024) = 126.2576.

Imax Quarterly Data

per share eps CPI Adj_EPS
201406 0.140 99.473 0.178
201409 0.054 99.394 0.069
201412 0.243 98.367 0.312
201503 0.002 99.789 0.003
201506 0.303 100.500 0.381
201509 0.107 100.421 0.135
201512 0.294 99.947 0.371
201603 0.144 101.054 0.180
201606 0.080 102.002 0.099
201609 0.036 101.765 0.045
201612 0.123 101.449 0.153
201703 0.001 102.634 0.001
201706 -0.027 103.029 -0.033
201709 -0.008 103.345 -0.010
201712 0.068 103.345 0.083
201803 0.105 105.004 0.126
201806 0.103 105.557 0.123
201809 0.069 105.636 0.082
201812 0.026 105.399 0.031
201903 0.115 106.979 0.136
201906 0.168 107.690 0.197
201909 0.136 107.611 0.160
201912 0.261 107.769 0.306
202003 -0.742 107.927 -0.868
202006 -0.391 108.401 -0.455
202009 -0.679 108.164 -0.793
202012 -0.296 108.559 -0.344
202103 -0.210 110.298 -0.240
202106 -0.133 111.720 -0.150
202109 -0.119 112.905 -0.133
202112 0.150 113.774 0.166
202203 -0.209 117.646 -0.224
202206 -0.047 120.806 -0.049
202209 -0.162 120.648 -0.170
202212 0.047 120.964 0.049
202303 0.037 122.702 0.038
202306 0.138 124.203 0.140
202309 0.206 125.230 0.208
202312 0.046 125.072 0.046
202403 0.055 126.258 0.055

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


Imax  (STU:IMA) 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.

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

Shiller PE Ratio=Share Price/E10
=14.60/0.04
=365.00

* 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 Imax was 428.75. The lowest was 13.97. And the median was 107.06.


Be Aware

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


Imax E10 Related Terms

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


Imax (STU:IMA) Business Description

Traded in Other Exchanges
Address
2525 Speakman Drive, Mississauga, ON, CAN, L5K 1B1
Imax is now primarily a technology hardware and brand-licensing company that does not operate the vast majority of Imax theaters. Instead, the firm generates revenue via selling and leasing the required proprietary equipment and via fees for digitally remastering standard films into the proprietary Imax format. The firm has expanded from 210 commercial theaters in 2008 to over 1,630 today and increased the annual number of Imax releases from 13 in 2007 to 68 in 2028. Roughly 70% of the firm's screens are in China (48%) and the U.S. (22%), but Imax has screens in 87 countries.

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