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Cascades (TSX:CAS) E10 : C$1.08 (As of Jun. 2024)


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What is Cascades 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.

Cascades's adjusted earnings per share data for the three months ended in Jun. 2024 was C$0.010. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$1.08 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Cascades's average E10 Growth Rate was 6.90% per year. During the past 3 years, the average E10 Growth Rate was 2.90% per year. During the past 5 years, the average E10 Growth Rate was 7.90% 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 Cascades was 187.10% per year. The lowest was -51.90% per year. And the median was -4.95% per year.

As of today (2024-12-13), Cascades's current stock price is C$12.21. Cascades's E10 for the quarter that ended in Jun. 2024 was C$1.08. Cascades's Shiller PE Ratio of today is 11.31.

During the past 13 years, the highest Shiller PE Ratio of Cascades was 449.00. The lowest was 7.78. And the median was 16.48.


Cascades E10 Historical Data

The historical data trend for Cascades'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.

Cascades E10 Chart

Cascades 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 0.73 0.89 0.97 1.02 0.97

Cascades Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.01 1.03 0.97 0.96 1.08

Competitive Comparison of Cascades's E10

For the Packaging & Containers subindustry, Cascades'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.


Cascades's Shiller PE Ratio Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Cascades's Shiller PE Ratio distribution charts can be found below:

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



Cascades 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, Cascades's adjusted earnings per share data for the three months ended in Jun. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.01/127.5217*127.5217
=0.010

Current CPI (Jun. 2024) = 127.5217.

Cascades Quarterly Data

per share eps CPI Adj_EPS
201409 -0.170 99.394 -0.218
201412 -0.510 98.367 -0.661
201503 -0.370 99.789 -0.473
201506 0.250 100.500 0.317
201509 0.230 100.421 0.292
201512 -0.810 99.947 -1.033
201603 0.770 101.054 0.972
201606 0.370 102.002 0.463
201609 0.210 101.765 0.263
201612 0.040 101.449 0.050
201703 1.660 102.634 2.063
201706 2.610 103.029 3.230
201709 0.340 103.345 0.420
201712 0.580 103.345 0.716
201803 0.630 105.004 0.765
201806 0.270 105.557 0.326
201809 0.370 105.636 0.447
201812 -0.690 105.399 -0.835
201903 0.260 106.979 0.310
201906 0.320 107.690 0.379
201909 0.440 107.611 0.521
201912 -0.270 107.769 -0.319
202003 0.230 107.927 0.272
202006 0.570 108.401 0.671
202009 0.500 108.164 0.589
202012 0.720 108.559 0.846
202103 0.220 110.298 0.254
202106 0.020 111.720 0.023
202109 0.320 112.905 0.361
202112 1.030 113.774 1.154
202203 -0.150 117.646 -0.163
202206 0.100 120.806 0.106
202209 -0.020 120.648 -0.021
202212 -0.270 120.964 -0.285
202303 -0.750 122.702 -0.779
202306 0.220 124.203 0.226
202309 0.340 125.230 0.346
202312 -0.570 125.072 -0.581
202403 -0.200 126.258 -0.202
202406 0.010 127.522 0.010

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


Cascades  (TSX:CAS) 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.

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

Shiller PE Ratio=Share Price/E10
=12.21/1.08
=11.31

* 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 Cascades was 449.00. The lowest was 7.78. And the median was 16.48.


Be Aware

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


Cascades E10 Related Terms

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


Cascades Business Description

Traded in Other Exchanges
Address
404, Rue Marie-Victorin Boulevard, C.P. 30, Kingsey Falls, QC, CAN, J0A 1B0
Cascades Inc, along with its subsidiaries, produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company is organized into three main business segments: Containerboard, Specialty Products (which constitutes packaging products), and Tissue Papers. The business activity of the company functions in Canada, the United States, Italy, and other countries. Its customer base includes food processing companies, the maintenance industry, accommodations, and housing industry, micro-businesses, and boutiques.
Executives
Luc Langevin Senior Officer
Hugues Simon Director, Senior Officer
Alain Lemaire Director, Senior Officer
Robert F. Hall Senior Officer
Allan Hogg Senior Officer
Maryse Fernet Senior Officer
Mélanie Dunn Director
Mario Plourde Director, Senior Officer
Nelson Gentiletti Director
Élise Pelletier Director
Laurent Lemaire 10% Security Holder
Léon Marineau Senior Officer
Hugo D'amours Senior Officer
Dominic Doré Senior Officer
Charles Malo Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)