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TES Co (XKRX:095610) E10 : ₩1,836.30 (As of Mar. 2024)


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What is TES Co 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.

TES Co's adjusted earnings per share data for the three months ended in Mar. 2024 was ₩393.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₩1,836.30 for the trailing ten years ended in Mar. 2024.

During the past 12 months, TES Co's average E10 Growth Rate was -3.00% per year. During the past 3 years, the average E10 Growth Rate was 18.40% per year. During the past 5 years, the average E10 Growth Rate was 18.00% 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 TES Co was 23.50% per year. The lowest was 18.40% per year. And the median was 20.65% per year.

As of today (2024-06-21), TES Co's current stock price is ₩23200.00. TES Co's E10 for the quarter that ended in Mar. 2024 was ₩1,836.30. TES Co's Shiller PE Ratio of today is 12.63.

During the past 13 years, the highest Shiller PE Ratio of TES Co was 62.17. The lowest was 8.50. And the median was 18.09.


TES Co E10 Historical Data

The historical data trend for TES Co'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.

TES Co E10 Chart

TES Co 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 1,028.38 1,143.08 1,542.14 1,868.18 1,897.22

TES Co 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 1,893.31 1,980.58 1,979.16 1,897.22 1,836.30

Competitive Comparison of TES Co's E10

For the Semiconductors subindustry, TES Co'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.


TES Co's Shiller PE Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, TES Co's Shiller PE Ratio distribution charts can be found below:

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



TES Co 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, TES Co'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)
=393/118.8477*118.8477
=393.000

Current CPI (Mar. 2024) = 118.8477.

TES Co Quarterly Data

per share eps CPI Adj_EPS
201406 152.350 99.353 182.244
201409 -52.469 99.608 -62.604
201412 13.275 99.098 15.921
201503 235.795 99.720 281.024
201506 269.299 100.050 319.896
201509 112.524 100.110 133.585
201512 -66.402 100.220 -78.744
201603 561.333 100.560 663.416
201606 298.000 100.790 351.390
201609 447.000 101.460 523.605
201612 419.000 101.560 490.323
201703 802.000 102.850 926.746
201706 1,098.000 102.610 1,271.755
201709 444.000 103.490 509.889
201712 419.000 102.990 483.515
201803 1,047.000 104.100 1,195.327
201806 651.000 104.130 743.012
201809 351.000 105.650 394.847
201812 137.000 104.350 156.034
201903 336.000 104.490 382.169
201906 191.000 104.880 216.437
201909 -139.000 105.200 -157.033
201912 120.000 105.120 135.671
202003 218.000 105.540 245.488
202006 777.000 104.870 880.563
202009 315.000 106.200 352.514
202012 265.000 105.765 297.778
202103 1,476.000 107.357 1,633.977
202106 1,099.000 107.579 1,214.123
202109 377.000 108.759 411.971
202112 981.000 109.676 1,063.033
202203 819.000 111.806 870.583
202206 627.000 114.083 653.188
202209 815.000 114.831 843.506
202212 315.000 115.200 324.974
202303 19.000 116.550 19.375
202306 751.000 117.140 761.949
202309 -232.000 119.111 -231.487
202312 -450.000 118.848 -450.000
202403 393.000 118.848 393.000

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


TES Co  (XKRX:095610) 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.

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

Shiller PE Ratio=Share Price/E10
=23200.00/1836.3
=12.63

* 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 TES Co was 62.17. The lowest was 8.50. And the median was 18.09.


Be Aware

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


TES Co E10 Related Terms

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


TES Co (XKRX:095610) Business Description

Traded in Other Exchanges
N/A
Address
2374-36 Jungbu-Daero, Yangji-Myun, Cheoin-Gu, Gyeonggi-do, Yongin-Si, KOR, 17162
TES Co Ltd is a Korea-based company which manufactures and provides semiconductor, solar cell and display and compound semiconductor equipment. It offers the product such as offers PECVD, dry cleaning, and single LPCVD for semiconductors, mass products for solar cells, pathfinder series products for display and OLED and HESTIA-2G for optoelectronics. All the business activity of the group is primarily functioned through Korea but its product is distributed with in Korea and to the international market as well.

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