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Flow Capital (TSXV:FW) E10 : C$-0.01 (As of Sep. 2024)


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What is Flow Capital 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.

Flow Capital's adjusted earnings per share data for the three months ended in Sep. 2024 was C$-0.025. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$-0.01 for the trailing ten years ended in Sep. 2024.

During the past 3 years, the average E10 Growth Rate was 27.00% per year. During the past 5 years, the average E10 Growth Rate was 19.80% 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 Flow Capital was 27.00% per year. The lowest was -10.70% per year. And the median was 7.60% per year.

As of today (2025-03-19), Flow Capital's current stock price is C$0.90. Flow Capital's E10 for the quarter that ended in Sep. 2024 was C$-0.01. Flow Capital's Shiller PE Ratio of today is .


Flow Capital E10 Historical Data

The historical data trend for Flow Capital'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.

Flow Capital E10 Chart

Flow Capital 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 -0.21 -0.18 -0.15 -0.09 -0.07

Flow Capital 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 -0.07 -0.07 -0.01 -0.01 -0.01

Competitive Comparison of Flow Capital's E10

For the Asset Management subindustry, Flow Capital'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.


Flow Capital's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Flow Capital's Shiller PE Ratio distribution charts can be found below:

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



Flow Capital 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, Flow Capital'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)
=-0.025/127.2847*127.2847
=-0.025

Current CPI (Sep. 2024) = 127.2847.

Flow Capital Quarterly Data

per share eps CPI Adj_EPS
201412 0.013 98.367 0.017
201503 0.065 99.789 0.083
201506 0.020 100.500 0.025
201509 0.127 100.421 0.161
201512 -0.039 99.947 -0.050
201603 -0.118 101.054 -0.149
201606 -0.023 102.002 -0.029
201609 -0.061 101.765 -0.076
201612 -0.186 101.449 -0.233
201703 -0.137 102.634 -0.170
201706 -0.089 103.029 -0.110
201709 -0.033 103.345 -0.041
201712 -0.063 103.345 -0.078
201803 0.002 105.004 0.002
201806 0.162 105.557 0.195
201809 -0.011 105.636 -0.013
201812 -0.057 105.399 -0.069
201903 0.005 106.979 0.006
201906 -0.024 107.690 -0.028
201909 -0.021 107.611 -0.025
201912 -0.259 107.769 -0.306
202003 -0.010 107.927 -0.012
202006 0.001 108.401 0.001
202009 0.056 108.164 0.066
202012 0.017 108.559 0.020
202103 0.041 110.298 0.047
202106 0.095 111.720 0.108
202109 -0.033 112.905 -0.037
202112 0.070 113.774 0.078
202203 0.074 117.646 0.080
202206 0.080 120.806 0.084
202209 0.016 120.648 0.017
202212 0.280 120.964 0.295
202303 0.011 122.702 0.011
202306 0.003 124.203 0.003
202309 0.001 125.230 0.001
202312 -0.026 125.072 -0.026
202403 0.023 126.258 0.023
202406 0.006 127.522 0.006
202409 -0.025 127.285 -0.025

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


Flow Capital  (TSXV:FW) 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.


Be Aware

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


Flow Capital E10 Related Terms

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


Flow Capital Business Description

Traded in Other Exchanges
Address
1 Adelaide Street East, Suite 3002, Dynamic Funds Tower, Toronto, ON, CAN, M5C 2V9
Flow Capital Corp provides founder-friendly growth capital for emerging and high-growth companies in North America and beyond. Through venture debt and revenue-based financing, founders and entrepreneurs can access minimally dilutive capital to help scale their businesses. Geographically, it derives a majority of its revenue from the United States and the rest from the United Kingdom and Canada.
Executives
Alexander William Baluta Director, Senior Officer
Michael John Denny Senior Officer
Vernon Lobo Director

Flow Capital Headlines

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