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SMU (XSGO:SMU) E10 : CLP4.36 (As of Mar. 2024)


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What is SMU 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.

SMU's adjusted earnings per share data for the three months ended in Mar. 2024 was CLP3.320. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is CLP4.36 for the trailing ten years ended in Mar. 2024.

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.

As of today (2024-05-29), SMU's current stock price is CLP183.20. SMU's E10 for the quarter that ended in Mar. 2024 was CLP4.36. SMU's Shiller PE Ratio of today is 42.02.

During the past 13 years, the highest Shiller PE Ratio of SMU was 56.84. The lowest was 37.94. And the median was 50.75.


SMU E10 Historical Data

The historical data trend for SMU'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.

SMU E10 Chart

SMU 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 - -32.05 -28.92 -27.68 2.99

SMU 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 -26.30 -11.22 -5.72 2.99 4.36

Competitive Comparison of SMU's E10

For the Department Stores subindustry, SMU'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.


SMU's Shiller PE Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, SMU's Shiller PE Ratio distribution charts can be found below:

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



SMU 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, SMU'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)
=3.32/146.1089*146.1089
=3.320

Current CPI (Mar. 2024) = 146.1089.

SMU Quarterly Data

per share eps CPI Adj_EPS
201406 -11.550 95.543 -17.663
201409 -13.680 96.883 -20.631
201412 -0.690 97.515 -1.034
201503 -2.640 98.539 -3.914
201506 -3.390 99.770 -4.964
201509 -4.720 101.383 -6.802
201512 0.550 101.775 0.790
201603 3.150 102.930 4.471
201606 -0.310 103.965 -0.436
201609 0.130 104.521 0.182
201612 0.390 104.532 0.545
201703 1.110 105.752 1.534
201706 0.129 105.730 0.178
201709 0.770 106.035 1.061
201712 3.780 106.907 5.166
201803 0.080 107.670 0.109
201806 2.480 108.421 3.342
201809 1.280 109.369 1.710
201812 1.890 109.653 2.518
201903 1.340 110.339 1.774
201906 1.060 111.352 1.391
201909 1.780 111.821 2.326
201912 1.810 112.943 2.342
202003 1.200 114.468 1.532
202006 -1.130 114.283 -1.445
202009 1.650 115.275 2.091
202012 3.450 116.299 4.334
202103 0.870 117.770 1.079
202106 3.310 118.630 4.077
202109 3.310 121.431 3.983
202112 8.930 124.634 10.469
202203 8.620 128.850 9.775
202206 3.760 133.448 4.117
202209 5.091 138.101 5.386
202212 5.414 140.574 5.627
202303 3.854 143.145 3.934
202306 3.210 143.538 3.268
202309 1.950 145.172 1.963
202312 6.077 146.109 6.077
202403 3.320 146.109 3.320

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


SMU  (XSGO:SMU) 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.

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

Shiller PE Ratio=Share Price/E10
=183.20/4.36
=42.02

* 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 SMU was 56.84. The lowest was 37.94. And the median was 50.75.


Be Aware

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


SMU E10 Related Terms

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


SMU (XSGO:SMU) Business Description

Traded in Other Exchanges
N/A
Address
Av. Cerro El Plomo, 11th floor, Las Condes, Santiago, CHL, 5680
SMU SA operates supermarkets in Chile. The Company operates under the brand names Unimarc, OK Market, Telemercados, and Wholesaler 10 Alvi. It operates through the following segments; Supermarket segment and Other segments.

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