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Ulker Biskuvinayi AS (Ulker Biskuvinayi AS) E10

: $0.93 (As of Dec. 2023)
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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.

Ulker Biskuvinayi AS's adjusted earnings per share data for the three months ended in Dec. 2023 was $2.531. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.93 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Ulker Biskuvinayi AS's average E10 Growth Rate was 57.90% per year. During the past 3 years, the average E10 Growth Rate was 16.40% per year. During the past 5 years, the average E10 Growth Rate was 13.60% 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 Ulker Biskuvinayi AS was 16.40% per year. The lowest was 5.90% per year. And the median was 6.30% per year.

As of today (2024-04-16), Ulker Biskuvinayi AS's current stock price is $34.90. Ulker Biskuvinayi AS's E10 for the quarter that ended in Dec. 2023 was $0.93. Ulker Biskuvinayi AS's Shiller PE Ratio of today is 37.53.

During the past 13 years, the highest Shiller PE Ratio of Ulker Biskuvinayi AS was 72.23. The lowest was 11.38. And the median was 16.50.


Ulker Biskuvinayi AS E10 Historical Data

The historical data trend for Ulker Biskuvinayi AS'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.

Ulker Biskuvinayi AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.91 1.87 0.98 0.83 0.93

Ulker Biskuvinayi AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
E10 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 Premium Member Only Premium Member Only Premium Member Only 0.83 1.06 0.64 0.61 0.93

Competitive Comparison

For the Confectioners subindustry, Ulker Biskuvinayi AS'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.


Ulker Biskuvinayi AS Shiller PE Ratio Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ulker Biskuvinayi AS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Ulker Biskuvinayi AS's Shiller PE Ratio falls into.



Ulker Biskuvinayi AS 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, Ulker Biskuvinayi AS's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.531/129.4194*129.4194
=2.531

Current CPI (Dec. 2023) = 129.4194.

Ulker Biskuvinayi AS Quarterly Data

per share eps CPI Adj_EPS
201403 0.677 99.695 0.879
201406 0.944 100.560 1.215
201409 0.452 100.428 0.582
201412 0.719 99.070 0.939
201503 0.425 99.621 0.552
201506 0.776 100.684 0.997
201509 0.465 100.392 0.599
201512 1.199 99.792 1.555
201603 0.866 100.470 1.116
201606 0.926 101.688 1.179
201609 0.540 101.861 0.686
201612 0.315 101.863 0.400
201703 0.899 102.862 1.131
201706 0.739 103.349 0.925
201709 0.720 104.136 0.895
201712 0.807 104.011 1.004
201803 1.002 105.290 1.232
201806 1.380 106.317 1.680
201809 1.024 106.507 1.244
201812 0.708 105.998 0.864
201903 1.959 107.251 2.364
201906 0.619 108.070 0.741
201909 1.296 108.329 1.548
201912 1.265 108.420 1.510
202003 -0.458 108.902 -0.544
202006 2.157 108.767 2.567
202009 0.969 109.815 1.142
202012 1.516 109.897 1.785
202103 1.641 111.754 1.900
202106 0.755 114.631 0.852
202109 0.012 115.734 0.013
202112 -2.413 117.630 -2.655
202203 -0.944 121.301 -1.007
202206 -1.118 125.017 -1.157
202209 -0.322 125.227 -0.333
202212 3.371 125.222 3.484
202303 1.379 127.348 1.401
202306 -2.089 128.729 -2.100
202309 1.459 129.860 1.454
202312 2.531 129.419 2.531

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


Ulker Biskuvinayi AS  (OTCPK:UELKY) 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.

Ulker Biskuvinayi AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=34.90/0.93
=37.53

* 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 Ulker Biskuvinayi AS was 72.23. The lowest was 11.38. And the median was 16.50.


Be Aware

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


Ulker Biskuvinayi AS E10 Related Terms

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


Ulker Biskuvinayi AS (Ulker Biskuvinayi AS) Business Description

Traded in Other Exchanges
Address
Davutpa?a Cad No 10, Topkap?, Istanbul, TUR, 366
Ulker Biskuvi Sanayi AS manufactures biscuits, crackers, chocolate, and cake in its half a dozen production facilities in Turkey. Its major brands include Ulker, Alpella, Halk, Kat Tat, and Karsa. The company also has a financial stake in the Godiva brand. Biscuit sales and chocolate sales each account for more than 40% of the company's total revenue. Substantially all of the remaining revenue is from cake sales. Nearly 90% of the company's total revenue comes from sales in Turkey. The company is a subsidiary of Yildiz Holding.

Ulker Biskuvinayi AS (Ulker Biskuvinayi AS) Headlines

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