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SinoPac Financial Holdings Co (TPE:2890) E10 : NT$1.29 (As of Sep. 2024)


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What is SinoPac Financial Holdings Co 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.

SinoPac Financial Holdings Co's adjusted earnings per share data for the three months ended in Sep. 2024 was NT$0.490. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$1.29 for the trailing ten years ended in Sep. 2024.

During the past 12 months, SinoPac Financial Holdings Co's average E10 Growth Rate was 4.00% per year. During the past 3 years, the average E10 Growth Rate was 11.30% 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 SinoPac Financial Holdings Co was 11.70% per year. The lowest was 11.30% per year. And the median was 11.50% per year.

As of today (2024-12-13), SinoPac Financial Holdings Co's current stock price is NT$23.75. SinoPac Financial Holdings Co's E10 for the quarter that ended in Sep. 2024 was NT$1.29. SinoPac Financial Holdings Co's Shiller PE Ratio of today is 18.41.

During the past 13 years, the highest Shiller PE Ratio of SinoPac Financial Holdings Co was 20.66. The lowest was 11.31. And the median was 13.99.


SinoPac Financial Holdings Co E10 Historical Data

The historical data trend for SinoPac Financial Holdings Co'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.

SinoPac Financial Holdings Co E10 Chart

SinoPac Financial Holdings Co 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 0.84 0.90 1.07 1.17 1.24

SinoPac Financial Holdings Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1.24 1.24 1.28 1.28 1.29

Competitive Comparison of SinoPac Financial Holdings Co's E10

For the Banks - Regional subindustry, SinoPac Financial Holdings Co'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.


SinoPac Financial Holdings Co's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, SinoPac Financial Holdings Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where SinoPac Financial Holdings Co's Shiller PE Ratio falls into.



SinoPac Financial Holdings Co 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, SinoPac Financial Holdings Co's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.49/133.0289*133.0289
=0.490

Current CPI (Sep. 2024) = 133.0289.

SinoPac Financial Holdings Co Quarterly Data

per share eps CPI Adj_EPS
201412 0.136 99.070 0.183
201503 0.305 99.621 0.407
201506 0.229 100.684 0.303
201509 0.205 100.392 0.272
201512 0.160 99.792 0.213
201603 0.232 100.470 0.307
201606 0.187 101.688 0.245
201609 0.166 101.861 0.217
201612 0.111 101.863 0.145
201703 0.194 102.862 0.251
201706 0.157 103.349 0.202
201709 0.207 104.136 0.264
201712 0.188 104.011 0.240
201803 0.216 105.290 0.273
201806 0.179 106.317 0.224
201809 0.263 106.507 0.328
201812 0.132 105.998 0.166
201903 0.310 107.251 0.385
201906 0.235 108.070 0.289
201909 0.245 108.329 0.301
201912 0.254 108.420 0.312
202003 0.198 108.902 0.242
202006 0.273 108.767 0.334
202009 0.301 109.815 0.365
202012 0.254 109.897 0.307
202103 0.367 111.754 0.437
202106 0.348 114.631 0.404
202109 0.352 115.734 0.405
202112 0.285 117.630 0.322
202203 0.373 121.301 0.409
202206 0.316 125.017 0.336
202209 0.400 125.227 0.425
202212 0.254 125.222 0.270
202303 0.390 127.348 0.407
202306 0.420 128.729 0.434
202309 0.440 129.860 0.451
202312 0.320 129.419 0.329
202403 0.546 131.776 0.551
202406 0.420 132.554 0.422
202409 0.490 133.029 0.490

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


SinoPac Financial Holdings Co  (TPE:2890) 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.

SinoPac Financial Holdings Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=23.75/1.29
=18.41

* 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 SinoPac Financial Holdings Co was 20.66. The lowest was 11.31. And the median was 13.99.


Be Aware

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


SinoPac Financial Holdings Co E10 Related Terms

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


SinoPac Financial Holdings Co Business Description

Traded in Other Exchanges
N/A
Address
No. 308, Bade Road, Section 2, 3rd Floor, 5th to 13th Floor and No. 306 and 6th Floor 1, 6th Floor 2, Zhongshan District, Taipei, TWN, 104
SinoPac Financial Holdings Co Ltd is a Taiwan-based financial holdings company. The company's business segments consist of the banking business, which includes Bank SinoPac and its subsidiaries, and offers investment, insurance agent, insurance brokerage, and other services; the securities business, which includes SinoPac Securities and its subsidiaries, and offers securities trading, investment consulting, asset management, and other services; and the other business segment, which conducts businesses through several other subsidiaries. The company generates its revenue from the banking business. The company has a business presence in Taiwan, the United States, Asia, and other countries, with Taiwan accounting for the majority of its revenue.

SinoPac Financial Holdings Co Headlines

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