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Charter Hall Retail REIT (ASX:CQR) E10 : A$0.47 (As of Dec. 2023)


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What is Charter Hall Retail REIT 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.

Charter Hall Retail REIT's adjusted earnings per share data for the fiscal year that ended in Jun. 2023 was A$0.065. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is A$0.47 for the trailing ten years ended in Jun. 2023.

During the past 3 years, the average E10 Growth Rate was 17.50% 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 Charter Hall Retail REIT was 17.50% per year. The lowest was -117.80% per year. And the median was -35.80% per year.

As of today (2024-05-26), Charter Hall Retail REIT's current stock price is A$ 3.36. Charter Hall Retail REIT's E10 for the fiscal year that ended in Jun. 2023 was A$0.47. Charter Hall Retail REIT's Shiller PE Ratio of today is 7.15.

During the past 13 years, the highest Shiller PE Ratio of Charter Hall Retail REIT was 137.33. The lowest was 6.55. And the median was 12.36.


Charter Hall Retail REIT E10 Historical Data

The historical data trend for Charter Hall Retail REIT'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.

Charter Hall Retail REIT E10 Chart

Charter Hall Retail REIT Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 0.29 0.33 0.46 0.47

Charter Hall Retail REIT Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - 0.46 - 0.47 -

Competitive Comparison of Charter Hall Retail REIT's E10

For the REIT - Retail subindustry, Charter Hall Retail REIT'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.


Charter Hall Retail REIT's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Charter Hall Retail REIT's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Charter Hall Retail REIT's Shiller PE Ratio falls into.



Charter Hall Retail REIT 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, Charter Hall Retail REIT's adjusted earnings per share data for the fiscal year that ended in Jun. 2023 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=0.065/124.1700*124.1700
=0.065

Current CPI (Jun. 2023) = 124.1700.

Charter Hall Retail REIT Annual Data

per_share_eps CPI Adj_EPS
201406 0.240 98.352 0.303
201506 0.436 99.838 0.542
201606 0.457 100.859 0.563
201706 0.619 102.809 0.748
201806 0.362 104.945 0.428
201906 0.129 106.617 0.150
202006 0.095 106.246 0.111
202106 0.509 110.332 0.573
202206 1.147 117.112 1.216
202306 0.065 124.170 0.065

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


Charter Hall Retail REIT  (ASX:CQR) 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.

Charter Hall Retail REIT's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3.36/0.47
=7.15

* 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 Charter Hall Retail REIT was 137.33. The lowest was 6.55. And the median was 12.36.


Be Aware

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


Charter Hall Retail REIT E10 Related Terms

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


Charter Hall Retail REIT (ASX:CQR) Business Description

Traded in Other Exchanges
Address
No. 1 Martin Place, Level 20, Sydney, NSW, AUS, 2000
Charter Hall Retail Retail REIT owns and manages a portfolio of convenience focused retail properties, including neighbourhood and subregional shopping centres, service stations, and some retail logistics properties. The REIT is managed by Charter Hall, a listed, diversified fund manager and developer, which owns a minority stake in Charter Hall Retail REIT and frequently partners with it on acquisitions and developments. More than half of rental income comes from major tenants Woolworths, Coles, Wesfarmers, Ampol, and BP (the latter two occupy service station assets). The portfolio is more seasoned than some convenience rivals, with approximately 80% of supermarket tenants at or near thresholds for paying turnover-linked rent.

Charter Hall Retail REIT (ASX:CQR) Headlines

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