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Semiconductor Manufacturing International (STU:MKN2) E10 : €0.09 (As of Mar. 2024)


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What is Semiconductor Manufacturing International 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.

Semiconductor Manufacturing International's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.009. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.09 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Semiconductor Manufacturing International's average E10 Growth Rate was 2.60% 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 (2024-06-23), Semiconductor Manufacturing International's current stock price is €2.26. Semiconductor Manufacturing International's E10 for the quarter that ended in Mar. 2024 was €0.09. Semiconductor Manufacturing International's Shiller PE Ratio of today is 25.11.

During the past 13 years, the highest Shiller PE Ratio of Semiconductor Manufacturing International was 34.93. The lowest was 18.05. And the median was 24.47.


Semiconductor Manufacturing International E10 Historical Data

The historical data trend for Semiconductor Manufacturing International'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.

Semiconductor Manufacturing International E10 Chart

Semiconductor Manufacturing International 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 - - - 0.09 0.09

Semiconductor Manufacturing International 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 0.09 0.09 0.09 0.09 0.09

Competitive Comparison of Semiconductor Manufacturing International's E10

For the Semiconductors subindustry, Semiconductor Manufacturing International'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.


Semiconductor Manufacturing International's Shiller PE Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Semiconductor Manufacturing International's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Semiconductor Manufacturing International's Shiller PE Ratio falls into.



Semiconductor Manufacturing International 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, Semiconductor Manufacturing International'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)
=0.009/115.2271*115.2271
=0.009

Current CPI (Mar. 2024) = 115.2271.

Semiconductor Manufacturing International Quarterly Data

per share eps CPI Adj_EPS
201406 0.012 98.200 0.014
201409 0.009 98.900 0.010
201412 0.006 99.000 0.007
201503 0.013 99.900 0.015
201506 0.016 99.500 0.019
201509 0.016 100.500 0.018
201512 0.008 100.600 0.009
201603 0.012 102.200 0.014
201606 0.019 101.400 0.022
201609 0.020 102.400 0.023
201612 0.019 102.600 0.021
201703 0.009 103.200 0.010
201706 0.009 103.100 0.010
201709 0.008 104.100 0.009
201712 0.008 104.500 0.009
201803 0.008 105.300 0.009
201806 0.009 104.900 0.010
201809 0.017 106.600 0.018
201812 0.005 106.500 0.005
201903 0.002 107.700 0.002
201906 0.003 107.700 0.003
201909 0.018 109.800 0.019
201912 0.018 111.200 0.019
202003 0.009 112.300 0.009
202006 0.018 110.400 0.019
202009 0.025 111.700 0.026
202012 0.025 111.500 0.026
202103 0.017 112.662 0.017
202106 0.075 111.769 0.077
202109 0.034 112.215 0.035
202112 0.062 113.108 0.063
202203 0.054 114.335 0.054
202206 0.057 114.558 0.057
202209 0.061 115.339 0.061
202212 0.046 115.116 0.046
202303 0.028 115.116 0.028
202306 0.046 114.558 0.046
202309 0.009 115.339 0.009
202312 0.017 114.781 0.017
202403 0.009 115.227 0.009

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


Semiconductor Manufacturing International  (STU:MKN2) 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.

Semiconductor Manufacturing International's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2.26/0.09
=25.11

* 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 Semiconductor Manufacturing International was 34.93. The lowest was 18.05. And the median was 24.47.


Be Aware

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


Semiconductor Manufacturing International E10 Related Terms

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


Semiconductor Manufacturing International (STU:MKN2) Business Description

Traded in Other Exchanges
Address
No. 18 Zhangjiang Road, Pudong New Area, Shanghai, CHN, 201203
Founded in 2000, Semiconductor Manufacturing International Corp. is the largest Chinese foundry and the fifth-largest globally after TSMC, Samsung Electronics, GlobalFoundries, and United Microelectronics Corp. The company's headquarters and foundry are in Shanghai, with additional foundries in Beijing, Tianjin, and Shenzhen and offices in the United States, Europe, Japan, Taiwan, and Hong Kong. Its products are used in artificial intelligence, data centers, automotive, consumer electronics, memory, and "Internet of Things" products. SMIC employs over 21,000 people.

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