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FSA Group (ASX:FSA) E10 : A$0.14 (As of Dec. 2023)


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What is FSA Group 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.

FSA Group's adjusted earnings per share data for the fiscal year that ended in Jun. 2023 was A$0.106. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is A$0.14 for the trailing ten years ended in Jun. 2023.

During the past 3 years, the average E10 Growth Rate was 8.40% per year. During the past 5 years, the average E10 Growth Rate was 8.30% per year. During the past 10 years, the average E10 Growth Rate was 10.40% 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 FSA Group was 44.20% per year. The lowest was 6.30% per year. And the median was 12.60% per year.

As of today (2024-06-04), FSA Group's current stock price is A$ 0.905. FSA Group's E10 for the fiscal year that ended in Jun. 2023 was A$0.14. FSA Group's Shiller PE Ratio of today is 6.46.

During the past 13 years, the highest Shiller PE Ratio of FSA Group was 30.40. The lowest was 6.32. And the median was 12.82.


FSA Group E10 Historical Data

The historical data trend for FSA Group'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.

FSA Group E10 Chart

FSA Group 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 0.10 0.11 0.12 0.14 0.14

FSA Group 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 - 0.14 - 0.14 -

Competitive Comparison of FSA Group's E10

For the Credit Services subindustry, FSA Group'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.


FSA Group's Shiller PE Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, FSA Group's Shiller PE Ratio distribution charts can be found below:

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



FSA Group 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, FSA Group'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)
=0.106/124.1700*124.1700
=0.106

Current CPI (Jun. 2023) = 124.1700.

FSA Group Annual Data

per_share_eps CPI Adj_EPS
201406 0.108 98.352 0.136
201506 0.117 99.838 0.146
201606 0.108 100.859 0.133
201706 0.121 102.809 0.146
201806 0.129 104.945 0.153
201906 0.115 106.617 0.134
202006 0.131 106.246 0.153
202106 0.161 110.332 0.181
202206 0.137 117.112 0.145
202306 0.106 124.170 0.106

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


FSA Group  (ASX:FSA) 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.

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

Shiller PE Ratio=Share Price/E10
=0.905/0.14
=6.46

* 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 FSA Group was 30.40. The lowest was 6.32. And the median was 12.82.


Be Aware

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


FSA Group E10 Related Terms

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


FSA Group (ASX:FSA) Business Description

Traded in Other Exchanges
N/A
Address
1 Oxford Street, Level 13, Darlinghurst, NSW, AUS, 2010
FSA Group Ltd is an Australian company that provides credit services. It provides debt solutions and direct lending services to individuals and businesses. It has divided its business into Services and Consumer Lending. The services segment assists clients wishing to enter into a payment arrangement with their creditors, including informal arrangements, debt agreements, personal insolvency agreements and bankruptcy. The consumer lending segment provides home loans and personal loans to assist clients wishing to purchase a property or consolidate their debt or to purchase a motor vehicle and asset finance to SMEs wishing to purchase a vehicle and business?critical equipment. The company generates the majority of its revenue from Lending services.

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