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COSCO SHIPPING Ports (HKSE:01199) E10 : HK$2.14 (As of Dec. 2023)


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What is COSCO SHIPPING Ports 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.

COSCO SHIPPING Ports's adjusted earnings per share data for the three months ended in Dec. 2023 was HK$0.201. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is HK$2.14 for the trailing ten years ended in Dec. 2023.

During the past 12 months, COSCO SHIPPING Ports's average E10 Growth Rate was -2.70% 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.

As of today (2024-06-09), COSCO SHIPPING Ports's current stock price is HK$5.77. COSCO SHIPPING Ports's E10 for the quarter that ended in Dec. 2023 was HK$2.14. COSCO SHIPPING Ports's Shiller PE Ratio of today is 2.70.

During the past 13 years, the highest Shiller PE Ratio of COSCO SHIPPING Ports was 2.96. The lowest was 2.00. And the median was 2.27.


COSCO SHIPPING Ports E10 Historical Data

The historical data trend for COSCO SHIPPING Ports'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.

COSCO SHIPPING Ports E10 Chart

COSCO SHIPPING Ports 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 - - - 2.20 2.14

COSCO SHIPPING Ports Quarterly Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 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 2.20 2.19 2.16 2.14 -

Competitive Comparison of COSCO SHIPPING Ports's E10

For the Marine Shipping subindustry, COSCO SHIPPING Ports'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.


COSCO SHIPPING Ports's Shiller PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, COSCO SHIPPING Ports's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where COSCO SHIPPING Ports's Shiller PE Ratio falls into.



COSCO SHIPPING Ports 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, COSCO SHIPPING Ports's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.201/117.2957*117.2957
=0.201

Current CPI (Dec. 2023) = 117.2957.

COSCO SHIPPING Ports Quarterly Data

per share eps CPI Adj_EPS
200112 0.000 74.722 0.000
200212 0.000 73.628 0.000
200312 0.000 72.235 0.000
200412 0.000 72.444 0.000
200512 0.000 73.434 0.000
200612 0.000 75.082 0.000
200712 0.000 77.941 0.000
200812 0.000 79.590 0.000
200906 0.361 79.260 0.534
200912 0.233 80.799 0.338
201006 0.620 81.568 0.892
201012 0.482 83.217 0.679
201106 0.680 86.185 0.925
201112 0.435 87.944 0.580
201206 0.512 89.373 0.672
201212 0.458 91.132 0.589
201306 1.561 93.001 1.969
201312 0.375 95.090 0.463
201406 0.391 96.409 0.476
201412 0.385 99.707 0.453
201506 0.494 99.267 0.584
201512 0.636 102.015 0.731
201606 0.450 101.686 0.519
201612 0.194 103.225 0.220
201706 0.995 103.664 1.126
201712 0.326 104.984 0.364
201806 0.434 106.193 0.479
201812 0.394 107.622 0.429
201906 0.372 109.601 0.398
201912 0.396 110.700 0.420
202006 0.401 110.590 0.425
202012 0.437 109.711 0.467
202106 0.411 111.360 0.433
202112 0.421 112.349 0.440
202206 0.419 113.448 0.433
202209 0.202 113.778 0.208
202212 0.094 114.548 0.096
202306 0.342 115.647 0.347
202309 0.186 116.087 0.188
202312 0.201 117.296 0.201

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


COSCO SHIPPING Ports  (HKSE:01199) 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.

COSCO SHIPPING Ports's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=5.77/2.14
=2.70

* 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 COSCO SHIPPING Ports was 2.96. The lowest was 2.00. And the median was 2.27.


Be Aware

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


COSCO SHIPPING Ports E10 Related Terms

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


COSCO SHIPPING Ports (HKSE:01199) Business Description

Traded in Other Exchanges
Address
183 Queen's Road Central, 49th Floor, COSCO Tower, Hong Kong, HKG
COSCO SHIPPING Ports Ltd is a leading port operator and investor in China. The company's segment includes Terminals and related businesses and Others. It generates maximum revenue from the Terminals and related businesses segment. Geographically presence in Mainland China (excluding Hong Kong), Europe and Others.
Executives
China Cosco (hong Kong) Limited 2101 Beneficial owner
China Cosco Shipping Corporation Limited 2201 Interest of corporation controlled by you
Cosco Shipping Holdings Co., Ltd. 2201 Interest of corporation controlled by you
China Ocean Shipping Company Limited 2201 Interest of corporation controlled by you
Silchester International Investors Llp 2102 Investment manager
Citigroup Inc. 2201 Interest of corporation controlled by you
China Ocean Shipping Co., Ltd. 2201 Interest of corporation controlled by you

COSCO SHIPPING Ports (HKSE:01199) Headlines

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