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Kian Shen (TPE:1525) E10 : NT$6.37 (As of Mar. 2024)


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What is Kian Shen 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.

Kian Shen's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$0.660. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$6.37 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kian Shen's average E10 Growth Rate was -0.20% per year. During the past 3 years, the average E10 Growth Rate was 4.20% 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 Kian Shen was 4.20% per year. The lowest was 3.10% per year. And the median was 3.65% per year.

As of today (2024-06-21), Kian Shen's current stock price is NT$77.50. Kian Shen's E10 for the quarter that ended in Mar. 2024 was NT$6.37. Kian Shen's Shiller PE Ratio of today is 12.17.

During the past 13 years, the highest Shiller PE Ratio of Kian Shen was 18.57. The lowest was 7.21. And the median was 10.55.


Kian Shen E10 Historical Data

The historical data trend for Kian Shen'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.

Kian Shen E10 Chart

Kian Shen 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 5.57 5.59 5.89 6.10 6.32

Kian Shen 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 6.38 6.41 6.40 6.32 6.37

Competitive Comparison of Kian Shen's E10

For the Auto Parts subindustry, Kian Shen'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.


Kian Shen's Shiller PE Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Kian Shen's Shiller PE Ratio distribution charts can be found below:

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



Kian Shen 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, Kian Shen'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)
=0.66/131.7762*131.7762
=0.660

Current CPI (Mar. 2024) = 131.7762.

Kian Shen Quarterly Data

per share eps CPI Adj_EPS
201406 1.038 100.560 1.360
201409 1.142 100.428 1.498
201412 1.179 99.070 1.568
201503 1.236 99.621 1.635
201506 1.170 100.684 1.531
201509 1.290 100.392 1.693
201512 2.260 99.792 2.984
201603 1.790 100.470 2.348
201606 1.720 101.688 2.229
201609 1.780 101.861 2.303
201612 1.910 101.863 2.471
201703 1.810 102.862 2.319
201706 1.880 103.349 2.397
201709 1.970 104.136 2.493
201712 1.690 104.011 2.141
201803 1.430 105.290 1.790
201806 1.320 106.317 1.636
201809 1.300 106.507 1.608
201812 2.120 105.998 2.636
201903 1.430 107.251 1.757
201906 0.210 108.070 0.256
201909 1.060 108.329 1.289
201912 1.250 108.420 1.519
202003 0.210 108.902 0.254
202006 1.250 108.767 1.514
202009 1.280 109.815 1.536
202012 1.670 109.897 2.002
202103 1.180 111.754 1.391
202106 0.940 114.631 1.081
202109 0.690 115.734 0.786
202112 1.370 117.630 1.535
202203 0.830 121.301 0.902
202206 0.910 125.017 0.959
202209 1.290 125.227 1.357
202212 0.640 125.222 0.673
202303 2.620 127.348 2.711
202306 0.800 128.729 0.819
202309 1.110 129.860 1.126
202312 0.960 129.419 0.977
202403 0.660 131.776 0.660

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


Kian Shen  (TPE:1525) 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.

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

Shiller PE Ratio=Share Price/E10
=77.50/6.37
=12.17

* 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 Kian Shen was 18.57. The lowest was 7.21. And the median was 10.55.


Be Aware

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


Kian Shen E10 Related Terms

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


Kian Shen (TPE:1525) Business Description

Traded in Other Exchanges
N/A
Address
No. 100, Xinjiang Road, Yangmei District, Taoyuan, TWN
Kian Shen Corp is engaged in the manufacture and sale of automobile body beams, stamping molds, and woodworking products. It provides automobile frames which include products for large, medium, and small-size trucks and coaches. The company has two operating segments; the Manufacturing department, and the Investment department. It derives a majority of its revenue from the manufacturing segment.

Kian Shen (TPE:1525) Headlines

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