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Sinon (TPE:1712) E10 : NT$2.18 (As of Mar. 2024)


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What is Sinon 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.

Sinon's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$0.810. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$2.18 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sinon's average E10 Growth Rate was 6.30% per year. During the past 3 years, the average E10 Growth Rate was 13.90% 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 Sinon was 13.90% per year. The lowest was 12.90% per year. And the median was 13.40% per year.

As of today (2024-06-14), Sinon's current stock price is NT$42.85. Sinon's E10 for the quarter that ended in Mar. 2024 was NT$2.18. Sinon's Shiller PE Ratio of today is 19.66.

During the past 13 years, the highest Shiller PE Ratio of Sinon was 23.79. The lowest was 11.98. And the median was 17.10.


Sinon E10 Historical Data

The historical data trend for Sinon'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.

Sinon E10 Chart

Sinon 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 1.39 1.45 1.66 2.00 2.14

Sinon 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 2.05 2.11 2.14 2.14 2.18

Competitive Comparison of Sinon's E10

For the Agricultural Inputs subindustry, Sinon'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.


Sinon's Shiller PE Ratio Distribution in the Agriculture Industry

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

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



Sinon 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, Sinon'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)
=0.81/131.7762*131.7762
=0.810

Current CPI (Mar. 2024) = 131.7762.

Sinon Quarterly Data

per share eps CPI Adj_EPS
201406 0.310 100.560 0.406
201409 0.190 100.428 0.249
201412 0.220 99.070 0.293
201503 0.030 99.621 0.040
201506 0.310 100.684 0.406
201509 0.040 100.392 0.053
201512 0.490 99.792 0.647
201603 0.400 100.470 0.525
201606 0.350 101.688 0.454
201609 0.220 101.861 0.285
201612 0.400 101.863 0.517
201703 0.340 102.862 0.436
201706 0.480 103.349 0.612
201709 0.400 104.136 0.506
201712 0.130 104.011 0.165
201803 0.350 105.290 0.438
201806 0.760 106.317 0.942
201809 0.290 106.507 0.359
201812 0.340 105.998 0.423
201903 0.480 107.251 0.590
201906 0.480 108.070 0.585
201909 0.240 108.329 0.292
201912 0.400 108.420 0.486
202003 0.050 108.902 0.061
202006 0.850 108.767 1.030
202009 0.510 109.815 0.612
202012 0.290 109.897 0.348
202103 0.600 111.754 0.707
202106 0.510 114.631 0.586
202109 0.620 115.734 0.706
202112 0.460 117.630 0.515
202203 1.130 121.301 1.228
202206 0.980 125.017 1.033
202209 1.260 125.227 1.326
202212 0.550 125.222 0.579
202303 0.760 127.348 0.786
202306 0.670 128.729 0.686
202309 0.590 129.860 0.599
202312 0.480 129.419 0.489
202403 0.810 131.776 0.810

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


Sinon  (TPE:1712) 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.

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

Shiller PE Ratio=Share Price/E10
=42.85/2.18
=19.66

* 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 Sinon was 23.79. The lowest was 11.98. And the median was 17.10.


Be Aware

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


Sinon E10 Related Terms

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


Sinon (TPE:1712) Business Description

Traded in Other Exchanges
N/A
Address
No.101, Nanrong Road, Dadu District, Taichung, TWN, 43245
Sinon Corp is a Taiwan-based company engaged in the manufacture and sales of various chemicals and fertilizers. It generates revenue through two divisions namely Crop protection which includes manufacturing activity of chemicals and fertilizer and Supermarket which includes supermarket and general retail industry. The product line of the company includes pesticides, fertilizers, agricultural materials, precision chemicals and intermediates, plastic products, microbial fertilizers, environmental drugs, preservation films, and other household goods. Majority of the company's revenue comes from the sales of crop protection.

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