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Macnica Anstek (TPE:3528) E10 : NT$3.77 (As of Mar. 2024)


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What is Macnica Anstek 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.

Macnica Anstek's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$0.860. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$3.77 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Macnica Anstek's average E10 Growth Rate was 1.60% per year. During the past 3 years, the average E10 Growth Rate was 7.80% 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 Macnica Anstek was 7.80% per year. The lowest was 7.80% per year. And the median was 7.80% per year.

As of today (2024-06-08), Macnica Anstek's current stock price is NT$49.15. Macnica Anstek's E10 for the quarter that ended in Mar. 2024 was NT$3.77. Macnica Anstek's Shiller PE Ratio of today is 13.04.

During the past 13 years, the highest Shiller PE Ratio of Macnica Anstek was 18.24. The lowest was 11.49. And the median was 14.17.


Macnica Anstek E10 Historical Data

The historical data trend for Macnica Anstek'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.

Macnica Anstek E10 Chart

Macnica Anstek Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 2.96 2.87 3.25 3.71

Macnica Anstek Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 3.71 3.80 3.79 3.71 3.77

Competitive Comparison of Macnica Anstek's E10

For the Electronics & Computer Distribution subindustry, Macnica Anstek'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.


Macnica Anstek's Shiller PE Ratio Distribution in the Hardware Industry

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

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



Macnica Anstek 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, Macnica Anstek'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)
=0.86/131.7762*131.7762
=0.860

Current CPI (Mar. 2024) = 131.7762.

Macnica Anstek Quarterly Data

per share eps CPI Adj_EPS
201403 0.649 99.695 0.858
201406 0.896 100.560 1.174
201409 0.810 100.428 1.063
201412 0.549 99.070 0.730
201503 0.933 99.621 1.234
201506 0.780 100.684 1.021
201509 0.844 100.392 1.108
201512 0.641 99.792 0.846
201603 0.806 100.470 1.057
201606 0.660 101.688 0.855
201609 0.578 101.861 0.748
201612 0.480 101.863 0.621
201703 0.598 102.862 0.766
201706 0.765 103.349 0.975
201709 0.530 104.136 0.671
201712 0.570 104.011 0.722
201803 0.620 105.290 0.776
201806 0.800 106.317 0.992
201809 0.670 106.507 0.829
201812 0.530 105.998 0.659
201903 0.650 107.251 0.799
201906 0.740 108.070 0.902
201909 0.600 108.329 0.730
201912 0.750 108.420 0.912
202003 0.570 108.902 0.690
202006 1.100 108.767 1.333
202009 0.890 109.815 1.068
202012 0.590 109.897 0.707
202103 1.190 111.754 1.403
202106 1.050 114.631 1.207
202109 1.120 115.734 1.275
202112 1.120 117.630 1.255
202203 1.230 121.301 1.336
202206 1.730 125.017 1.824
202209 0.780 125.227 0.821
202212 1.780 125.222 1.873
202303 0.780 127.348 0.807
202306 0.310 128.729 0.317
202309 -0.150 129.860 -0.152
202403 0.860 131.776 0.860

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


Macnica Anstek  (TPE:3528) 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.

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

Shiller PE Ratio=Share Price/E10
=49.15/3.77
=13.04

* 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 Macnica Anstek was 18.24. The lowest was 11.49. And the median was 14.17.


Be Aware

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


Macnica Anstek E10 Related Terms

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


Macnica Anstek (TPE:3528) Business Description

Traded in Other Exchanges
N/A
Address
Xintai 5th Road, Yuzhi District, 21st Floor, No. 75, Section 1, Hsichih, Taipei, TWN, 221
Answer Technology Co Ltd is engaged in import, export and trading of electronic components. The company supplies analogue and semiconductor devices, micro telecommunication technologies and equipment.

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