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Taimide Tech (TPE:3645) E10 : NT$1.95 (As of Mar. 2024)


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What is Taimide Tech 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.

Taimide Tech's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$0.220. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$1.95 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Taimide Tech's average E10 Growth Rate was -3.50% per year. During the past 3 years, the average E10 Growth Rate was 1.20% 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 Taimide Tech was 5.10% per year. The lowest was 1.20% per year. And the median was 3.15% per year.

As of today (2024-05-15), Taimide Tech's current stock price is NT$41.90. Taimide Tech's E10 for the quarter that ended in Mar. 2024 was NT$1.95. Taimide Tech's Shiller PE Ratio of today is 21.49.

During the past 13 years, the highest Shiller PE Ratio of Taimide Tech was 39.03. The lowest was 13.98. And the median was 22.18.


Taimide Tech E10 Historical Data

The historical data trend for Taimide Tech'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.

Taimide Tech E10 Chart

Taimide Tech 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 1.79 1.87 2.01 2.08 1.94

Taimide Tech 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 2.02 2.01 2.03 1.94 1.95

Competitive Comparison of Taimide Tech's E10

For the Electronic Components subindustry, Taimide Tech'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.


Taimide Tech's Shiller PE Ratio Distribution in the Hardware Industry

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

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



Taimide Tech 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, Taimide Tech'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)
=0.22/129.4194*129.4194
=0.220

Current CPI (Mar. 2024) = 129.4194.

Taimide Tech Quarterly Data

per share eps CPI Adj_EPS
201406 0.317 100.560 0.408
201409 0.707 100.428 0.911
201412 0.735 99.070 0.960
201503 0.435 99.621 0.565
201506 0.254 100.684 0.326
201509 0.457 100.392 0.589
201512 0.076 99.792 0.099
201603 -0.333 100.470 -0.429
201606 0.286 101.688 0.364
201609 1.067 101.861 1.356
201612 0.648 101.863 0.823
201703 0.533 102.862 0.671
201706 0.314 103.349 0.393
201709 0.771 104.136 0.958
201712 0.610 104.011 0.759
201803 0.686 105.290 0.843
201806 0.648 106.317 0.789
201809 1.020 106.507 1.239
201812 0.620 105.998 0.757
201903 0.130 107.251 0.157
201906 0.380 108.070 0.455
201909 0.240 108.329 0.287
201912 0.070 108.420 0.084
202003 0.360 108.902 0.428
202006 0.800 108.767 0.952
202009 0.920 109.815 1.084
202012 0.660 109.897 0.777
202103 0.690 111.754 0.799
202106 0.580 114.631 0.655
202109 0.630 115.734 0.704
202112 0.400 117.630 0.440
202203 0.910 121.301 0.971
202206 0.950 125.017 0.983
202209 -0.450 125.227 -0.465
202212 -0.290 125.222 -0.300
202303 -0.780 127.348 -0.793
202306 -0.150 128.729 -0.151
202309 0.500 129.860 0.498
202312 -0.630 129.419 -0.630
202403 0.220 129.419 0.220

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


Taimide Tech  (TPE:3645) 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.

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

Shiller PE Ratio=Share Price/E10
=41.90/1.95
=21.49

* 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 Taimide Tech was 39.03. The lowest was 13.98. And the median was 22.18.


Be Aware

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


Taimide Tech E10 Related Terms

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


Taimide Tech (TPE:3645) Business Description

Traded in Other Exchanges
N/A
Address
No. 127, Section 3, Wende Road, Xinpu Township, Hsinchu, TWN
Taimide Tech Inc is engaged in the research and development, manufacturing and sales of polyimide film (PI film) in Taiwan. It provides high modulus polyimide films, a low coefficient of thermal expansion polyimide films, and low dielectric constant polyimide films, among others.

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