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Livestock Improvement (NZSE:LIC) E10 : NZ$0.15 (As of Nov. 2023)


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What is Livestock Improvement 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.

Livestock Improvement's adjusted earnings per share data for the fiscal year that ended in May. 2022 was NZ$0.188. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NZ$0.15 for the trailing ten years ended in May. 2022.

During the past 12 months, Livestock Improvement's average E10 Growth Rate was -100.00% per year. During the past 3 years, the average E10 Growth Rate was 2.30% per year. During the past 5 years, the average E10 Growth Rate was 0.60% 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 Livestock Improvement was 2.50% per year. The lowest was -2.30% per year. And the median was 2.30% per year.

As of today (2024-06-11), Livestock Improvement's current stock price is NZ$ 1.22. Livestock Improvement's E10 for the fiscal year that ended in May. 2022 was NZ$0.15. Livestock Improvement's Shiller PE Ratio of today is 8.13.

During the past 13 years, the highest Shiller PE Ratio of Livestock Improvement was 14.29. The lowest was 3.67. And the median was 6.53.


Livestock Improvement E10 Historical Data

The historical data trend for Livestock Improvement'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.

Livestock Improvement E10 Chart

Livestock Improvement Annual Data
Trend May13 May14 May15 May16 May17 May18 May19 May20 May21 May22
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.14 0.14 0.15 0.15

Livestock Improvement Semi-Annual Data
Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 Nov23
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 0.15 - 0.15 - -

Competitive Comparison of Livestock Improvement's E10

For the Farm Products subindustry, Livestock Improvement'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.


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

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

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



Livestock Improvement 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, Livestock Improvement's adjusted earnings per share data for the fiscal year that ended in May. 2022 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of May. 2022 (Change)*Current CPI (May. 2022)
=0.188/118.6897*118.6897
=0.188

Current CPI (May. 2022) = 118.6897.

Livestock Improvement Annual Data

per_share_eps CPI Adj_EPS
201305 0.200 98.061 0.242
201405 0.153 99.646 0.182
201505 0.116 100.063 0.138
201605 -0.034 100.480 -0.040
201705 0.176 102.231 0.204
201805 0.083 103.764 0.095
201905 0.160 105.502 0.180
202005 0.120 107.035 0.133
202105 0.161 110.614 0.173
202205 0.188 118.690 0.188

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


Livestock Improvement  (NZSE:LIC) 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.

Livestock Improvement's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1.22/0.15
=8.13

* 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 Livestock Improvement was 14.29. The lowest was 3.67. And the median was 6.53.


Be Aware

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


Livestock Improvement E10 Related Terms

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


Livestock Improvement (NZSE:LIC) Business Description

Traded in Other Exchanges
N/A
Address
605 Ruakura Road, Newstead, Hamilton, NTL, NZL, 3286
Livestock Improvement Corp Ltd is an agri-tech and herd improvement company. The company's operating segments include NZ market genetics; Herd testing; Farm software and Diagnostics. It generates maximum revenue from the NZ market genetics segment. The NZ market genetics segment provides bovine genetic breeding material and related services, predominately to dairy farmers. Geographically, it derives a majority of revenue from New Zealand.

Livestock Improvement (NZSE:LIC) Headlines

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