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BRF (BUE:BRFS) E10 : ARS-125.81 (As of Mar. 2024)


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What is BRF 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.

BRF's adjusted earnings per share data for the three months ended in Mar. 2024 was ARS50.755. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS-125.81 for the trailing ten years ended in Mar. 2024.

During the past 12 months, BRF's average E10 Growth Rate was -500.00% 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 BRF was 10.30% per year. The lowest was -34.00% per year. And the median was -1.50% per year.

As of today (2024-06-08), BRF's current stock price is ARS13851.00. BRF's E10 for the quarter that ended in Mar. 2024 was ARS-125.81. BRF's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of BRF was 190.00. The lowest was 11.35. And the median was 28.91.


BRF E10 Historical Data

The historical data trend for BRF'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.

BRF E10 Chart

BRF 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 - 69.95 74.79 40.82 -99.51

BRF 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 12.50 -39.34 -99.07 -99.51 -125.81

Competitive Comparison of BRF's E10

For the Packaged Foods subindustry, BRF'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.


BRF's Shiller PE Ratio Distribution in the Consumer Packaged Goods Industry

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

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



BRF 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, BRF'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)
=50.755/159.3724*159.3724
=50.755

Current CPI (Mar. 2024) = 159.3724.

BRF Quarterly Data

per share eps CPI Adj_EPS
201406 1.003 91.838 1.741
201409 2.435 92.602 4.191
201412 3.610 94.194 6.108
201503 1.450 97.799 2.363
201506 1.180 100.006 1.880
201509 2.347 101.392 3.689
201512 5.461 104.247 8.349
201603 0.182 106.979 0.271
201606 0.083 108.851 0.122
201609 0.089 109.986 0.129
201612 -2.509 110.802 -3.609
201703 -1.653 111.869 -2.355
201706 -0.991 112.115 -1.409
201709 0.910 112.777 1.286
201712 -5.557 114.068 -7.764
201803 -0.531 114.868 -0.737
201806 -11.478 117.038 -15.630
201809 -8.396 117.881 -11.351
201812 -23.947 118.340 -32.250
201903 -11.917 120.124 -15.811
201906 4.412 120.977 5.812
201909 4.652 121.292 6.113
201912 9.428 123.436 12.173
202003 -0.726 124.092 -0.932
202006 4.773 123.557 6.157
202009 3.533 125.095 4.501
202012 20.854 129.012 25.761
202103 0.480 131.660 0.581
202106 -5.652 133.871 -6.729
202109 -12.595 137.913 -14.555
202112 29.289 141.992 32.874
202203 -34.954 146.537 -38.016
202206 -11.919 149.784 -12.682
202209 -2.915 147.800 -3.143
202212 -27.167 150.207 -28.825
202303 -36.411 153.352 -37.840
202306 -62.303 154.519 -64.260
202309 -17.006 155.464 -17.434
202312 53.784 157.148 54.545
202403 50.755 159.372 50.755

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


BRF  (BUE:BRFS) 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.

During the past 13 years, the highest Shiller P/E Ratio of BRF was 190.00. The lowest was 11.35. And the median was 28.91.


Be Aware

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


BRF E10 Related Terms

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


BRF (BUE:BRFS) Business Description

Traded in Other Exchanges
Address
Avenida das Nacoes Unidas, 8501 – 1st Floor, Pinheiros, Sao Paulo, SP, BRA, 05425-070
BRF SA is an international producer of fresh and frozen protein foods. The firm's segments are In natura (poultry, pork, bovine, and other), Processed foods, and Other sales. The product portfolio includes marinated, frozen, whole and cut meat, specialty meats, portioned products, and frozen prepared entrees. The company also offers margarine, sweet specialties, sandwiches, mayonnaise, and animal feed. Its most well-known brands are Sadia, Chester, Perdix, Paty, Perdigao, and Qualy. Internationally, the portfolio's leading brand is Sadia, which is present in multiple categories in Middle Eastern countries. Geographically, sales are distributed evenly between Brazil and international markets.

BRF (BUE:BRFS) Headlines

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