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Shenmao Technology (TPE:3305) E10 : NT$2.37 (As of Sep. 2024)


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What is Shenmao Technology 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.

Shenmao Technology's adjusted earnings per share data for the three months ended in Sep. 2024 was NT$0.910. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$2.37 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Shenmao Technology's average E10 Growth Rate was -1.30% per year. During the past 3 years, the average E10 Growth Rate was 2.90% 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 Shenmao Technology was 2.90% per year. The lowest was 0.70% per year. And the median was 1.80% per year.

As of today (2025-03-24), Shenmao Technology's current stock price is NT$64.80. Shenmao Technology's E10 for the quarter that ended in Sep. 2024 was NT$2.37. Shenmao Technology's Shiller PE Ratio of today is 27.34.

During the past 13 years, the highest Shiller PE Ratio of Shenmao Technology was 40.74. The lowest was 7.36. And the median was 23.22.


Shenmao Technology E10 Historical Data

The historical data trend for Shenmao Technology'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.

Shenmao Technology E10 Chart

Shenmao Technology 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 2.39 2.13 2.25 2.44 2.32

Shenmao Technology 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 2.40 2.32 2.34 2.36 2.37

Competitive Comparison of Shenmao Technology's E10

For the Electronic Components subindustry, Shenmao Technology'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.


Shenmao Technology's Shiller PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenmao Technology's Shiller PE Ratio distribution charts can be found below:

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



Shenmao Technology 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, Shenmao Technology'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)
=0.91/133.0289*133.0289
=0.910

Current CPI (Sep. 2024) = 133.0289.

Shenmao Technology Quarterly Data

per share eps CPI Adj_EPS
201412 0.448 99.070 0.602
201503 0.259 99.621 0.346
201506 0.149 100.684 0.197
201509 0.299 100.392 0.396
201512 0.233 99.792 0.311
201603 0.510 100.470 0.675
201606 0.670 101.688 0.876
201609 0.660 101.861 0.862
201612 0.260 101.863 0.340
201703 0.220 102.862 0.285
201706 0.230 103.349 0.296
201709 0.190 104.136 0.243
201712 0.130 104.011 0.166
201803 -0.370 105.290 -0.467
201806 0.430 106.317 0.538
201809 0.170 106.507 0.212
201812 0.110 105.998 0.138
201903 0.150 107.251 0.186
201906 0.560 108.070 0.689
201909 0.700 108.329 0.860
201912 0.010 108.420 0.012
202003 0.100 108.902 0.122
202006 0.310 108.767 0.379
202009 0.590 109.815 0.715
202012 0.510 109.897 0.617
202103 0.900 111.754 1.071
202106 1.160 114.631 1.346
202109 1.500 115.734 1.724
202112 1.220 117.630 1.380
202203 2.860 121.301 3.137
202206 1.030 125.017 1.096
202209 0.410 125.227 0.436
202212 -0.330 125.222 -0.351
202303 0.310 127.348 0.324
202306 0.690 128.729 0.713
202309 0.580 129.860 0.594
202312 0.160 129.419 0.164
202403 0.780 131.776 0.787
202406 0.780 132.554 0.783
202409 0.910 133.029 0.910

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


Shenmao Technology  (TPE:3305) 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.

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

Shiller PE Ratio=Share Price/E10
=64.80/2.37
=27.34

* 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 Shenmao Technology was 40.74. The lowest was 7.36. And the median was 23.22.


Be Aware

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


Shenmao Technology E10 Related Terms

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


Shenmao Technology Business Description

Traded in Other Exchanges
N/A
Address
No. 665, Datan North Road, Guanyin District, Taoyuan, TWN, 32841
Shenmao Technology Inc and its subsidiaries manufactures and sells solder wire, solder bar, BGA solder ball, and solder paste, and also sells them to downstream manufacturers of electronic computers, network communications, and consumer electronics products. The company has its geographic presence in Taiwan, Mainland China, and other countries.

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