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Holcim Philippines (Holcim Philippines) E10 : $2.59 (As of Sep. 2023)


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What is Holcim Philippines 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.

Holcim Philippines's adjusted earnings per share data for the three months ended in Sep. 2023 was $0.022. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.59 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Holcim Philippines's average E10 Growth Rate was 44.90% per year. During the past 3 years, the average E10 Growth Rate was 14.70% 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 Holcim Philippines was 14.70% per year. The lowest was -3.20% per year. And the median was 5.75% per year.

As of today (2024-06-10), Holcim Philippines's current stock price is $14.10. Holcim Philippines's E10 for the quarter that ended in Sep. 2023 was $2.59. Holcim Philippines's Shiller PE Ratio of today is 5.44.

During the past 13 years, the highest Shiller PE Ratio of Holcim Philippines was 30.60. The lowest was 5.23. And the median was 12.15.


Holcim Philippines E10 Historical Data

The historical data trend for Holcim Philippines'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.

Holcim Philippines E10 Chart

Holcim Philippines Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.74 0.51 0.89 1.23 2.68

Holcim Philippines Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 1.82 2.68 2.64 2.59 2.59

Competitive Comparison of Holcim Philippines's E10

For the Building Materials subindustry, Holcim Philippines'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.


Holcim Philippines's Shiller PE Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Holcim Philippines's Shiller PE Ratio distribution charts can be found below:

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



Holcim Philippines 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, Holcim Philippines's adjusted earnings per share data for the three months ended in Sep. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=0.022/129.8595*129.8595
=0.022

Current CPI (Sep. 2023) = 129.8595.

Holcim Philippines Quarterly Data

per share eps CPI Adj_EPS
201312 0.111 98.326 0.147
201403 0.220 99.695 0.287
201406 0.218 100.560 0.282
201409 0.095 100.428 0.123
201412 0.147 99.070 0.193
201503 0.198 99.621 0.258
201506 0.201 100.684 0.259
201509 0.202 100.392 0.261
201512 0.471 99.792 0.613
201603 0.198 100.470 0.256
201606 0.285 101.688 0.364
201609 0.232 101.861 0.296
201612 0.186 101.863 0.237
201703 0.124 102.862 0.157
201706 0.153 103.349 0.192
201709 0.044 104.136 0.055
201712 0.054 104.011 0.067
201803 0.094 105.290 0.116
201806 0.114 106.317 0.139
201809 0.023 106.507 0.028
201812 0.102 105.998 0.125
201903 0.094 107.251 0.114
201906 0.094 108.070 0.113
201909 0.060 108.329 0.072
201912 0.229 108.420 0.274
202003 0.068 108.902 0.081
202006 -0.012 108.767 -0.014
202009 0.081 109.815 0.096
202012 0.137 109.897 0.162
202103 0.119 111.754 0.138
202106 0.095 114.631 0.108
202109 0.088 115.734 0.099
202112 0.037 117.630 0.041
202203 0.060 121.301 0.064
202206 0.031 125.017 0.032
202209 -0.023 125.227 -0.024
202212 0.063 125.222 0.065
202303 0.051 127.348 0.052
202306 0.063 128.729 0.064
202309 0.022 129.860 0.022

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


Holcim Philippines  (OTCPK:HCPHY) 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.

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

Shiller PE Ratio=Share Price/E10
=14.10/2.59
=5.44

* 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 Holcim Philippines was 30.60. The lowest was 5.23. And the median was 12.15.


Be Aware

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


Holcim Philippines E10 Related Terms

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


Holcim Philippines (Holcim Philippines) Business Description

Traded in Other Exchanges
N/A
Address
7th Floor, Two World Square, McKinley Hill, Fort Bonifacio, Taguig City, PHL, 1634
Holcim Philippines Inc is a cement manufacturer. The company manufactures, sells and distributes cement and clinker, along with it also provides aggregates, concrete and construction related services. The company's product line includes xcement, dry mix mortar products, clinker, and ready mix concrete. Its cement brands are Holcim Premium (Type 1 portland cement), Holcim 4X (Type 1 high-performance Portland cement), Holcim Excel (Type 1P blended cement), and Holcim WallRight (Type S Masonry cement). Its assets include four production facilities, one cement grinding mill, five ports, and various storage and distribution points.

Holcim Philippines (Holcim Philippines) Headlines

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