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Imaflex (TSXV:IFX) E10 : C$0.08 (As of Sep. 2023)


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What is Imaflex 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.

Imaflex's adjusted earnings per share data for the three months ended in Sep. 2023 was C$0.003. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$0.08 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Imaflex's average E10 Growth Rate was 14.30% per year. During the past 3 years, the average E10 Growth Rate was 91.30% 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 Imaflex was 91.30% per year. The lowest was -20.60% per year. And the median was 29.20% per year.

As of today (2024-04-30), Imaflex's current stock price is C$0.78. Imaflex's E10 for the quarter that ended in Sep. 2023 was C$0.08. Imaflex's Shiller PE Ratio of today is 9.75.

During the past 13 years, the highest Shiller PE Ratio of Imaflex was 85.00. The lowest was 9.50. And the median was 32.00.


Imaflex E10 Historical Data

The historical data trend for Imaflex'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.

Imaflex E10 Chart

Imaflex 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 0.01 0.01 0.03 0.05 0.07

Imaflex Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.07 0.08 0.08

Competitive Comparison of Imaflex's E10

For the Packaging & Containers subindustry, Imaflex'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.


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

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

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



Imaflex 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, Imaflex's adjusted earnings per share data for the three months ended in Sep. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=0.003/125.2304*125.2304
=0.003

Current CPI (Sep. 2023) = 125.2304.

Imaflex Quarterly Data

per share eps CPI Adj_EPS
201312 -0.004 96.945 -0.005
201403 -0.001 98.604 -0.001
201406 -0.008 99.473 -0.010
201409 0.004 99.394 0.005
201412 0.005 98.367 0.006
201503 -0.006 99.789 -0.008
201506 0.007 100.500 0.009
201509 0.009 100.421 0.011
201512 0.006 99.947 0.008
201603 -0.003 101.054 -0.004
201606 0.010 102.002 0.012
201609 -0.002 101.765 -0.002
201612 -0.002 101.449 -0.002
201703 0.023 102.634 0.028
201706 0.030 103.029 0.036
201709 0.010 103.345 0.012
201712 0.014 103.345 0.017
201803 0.030 105.004 0.036
201806 0.010 105.557 0.012
201809 0.010 105.636 0.012
201812 0.010 105.399 0.012
201903 0.010 106.979 0.012
201906 0.004 107.690 0.005
201909 0.010 107.611 0.012
201912 0.010 107.769 0.012
202003 0.060 107.927 0.070
202006 0.010 108.401 0.012
202009 0.020 108.164 0.023
202012 0.035 108.559 0.040
202103 0.040 110.298 0.045
202106 0.040 111.720 0.045
202109 0.050 112.905 0.055
202112 0.032 113.774 0.035
202203 0.040 117.646 0.043
202206 0.070 120.806 0.073
202209 0.060 120.648 0.062
202212 0.006 120.964 0.006
202303 0.020 122.702 0.020
202306 0.010 124.203 0.010
202309 0.003 125.230 0.003

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


Imaflex  (TSXV:IFX) 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.

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

Shiller PE Ratio=Share Price/E10
=0.78/0.08
=9.75

* 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 Imaflex was 85.00. The lowest was 9.50. And the median was 32.00.


Be Aware

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


Imaflex E10 Related Terms

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


Imaflex (TSXV:IFX) Business Description

Traded in Other Exchanges
Address
5710, Rue Notre-Dame Ouest, Montreal, QC, CAN, H4C 1V2
Imaflex Inc is focused on the development and manufacturing of innovative solutions for the flexible packaging space. The company develops and manufactures films for the agriculture industry. Its products consist primarily of polyethylene (plastic) film and bags, including metalized plastic film, for the industrial, agricultural and consumer markets. It manufactures and sells industrial bags using recycled material, including garbage bags, compostable bags, gaylord bags and bags on rolls. It also specializes in the metalization of plastic film primarily for food packaging and agricultural mulches.

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