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First Sponsor Group (SGX:ADN) E10 : S$0.13 (As of Dec. 2023)


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What is First Sponsor 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.

First Sponsor Group's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was S$0.011. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is S$0.13 for the trailing ten years ended in Dec. 2023.

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 (2024-06-07), First Sponsor Group's current stock price is S$ 1.11. First Sponsor Group's E10 for the fiscal year that ended in Dec. 2023 was S$0.13. First Sponsor Group's Shiller PE Ratio of today is 8.54.

During the past 11 years, the highest Shiller PE Ratio of First Sponsor Group was 10.31. The lowest was 8.54. And the median was 9.38.


First Sponsor Group E10 Historical Data

The historical data trend for First Sponsor 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.

First Sponsor Group E10 Chart

First Sponsor Group 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 - - - 0.13 0.13

First Sponsor 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 - - 0.13 - 0.13

Competitive Comparison of First Sponsor Group's E10

For the Real Estate - Development subindustry, First Sponsor 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.


First Sponsor Group's Shiller PE Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, First Sponsor Group's Shiller PE Ratio distribution charts can be found below:

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



First Sponsor 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, First Sponsor Group's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.011/129.4194*129.4194
=0.011

Current CPI (Dec. 2023) = 129.4194.

First Sponsor Group Annual Data

per_share_eps CPI Adj_EPS
201412 0.039 99.070 0.051
201512 0.104 99.792 0.135
201612 0.174 101.863 0.221
201712 0.136 104.011 0.169
201812 0.150 105.998 0.183
201912 0.171 108.420 0.204
202012 0.089 109.897 0.105
202112 0.092 117.630 0.101
202212 0.099 125.222 0.102
202312 0.011 129.419 0.011

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


First Sponsor Group  (SGX:ADN) 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.

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

Shiller PE Ratio=Share Price/E10
=1.11/0.13
=8.54

* 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 11 years, the highest Shiller P/E Ratio of First Sponsor Group was 10.31. The lowest was 8.54. And the median was 9.38.


Be Aware

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


First Sponsor Group E10 Related Terms

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


First Sponsor Group (SGX:ADN) Business Description

Traded in Other Exchanges
N/A
Address
19 Lorong Telok, Singapore, SGP, 049031
First Sponsor Group Ltd is an investment holding company in Singapore. The principal activities of the company are those relating to investment holding, property development and sales, property investment, hotel ownership and operations and provision of property financing services. The Hotel operations segment- Property development segment which includes residential and commercial property developments in the PRC, specifically Chengdu, Dongguan and Guangzhou; Property holding segment which includes hotel ownership and operations as well as investment properties held for rental income; Property financing segment which includes Loan arrangements. The firm operates in Europe and China, out of which the majority of the revenue is generated from China.

First Sponsor Group (SGX:ADN) Headlines