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Sanmina (STU:SAYN) E10 : €3.02 (As of Mar. 2024)


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What is Sanmina 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.

Sanmina's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.856. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €3.02 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sanmina's average E10 Growth Rate was 13.10% per year. During the past 3 years, the average E10 Growth Rate was 18.20% per year. During the past 5 years, the average E10 Growth Rate was 15.90% 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 Sanmina was 38.30% per year. The lowest was -32.30% per year. And the median was 14.80% per year.

As of today (2024-05-24), Sanmina's current stock price is €61.72. Sanmina's E10 for the quarter that ended in Mar. 2024 was €3.02. Sanmina's Shiller PE Ratio of today is 20.44.

During the past 13 years, the highest Shiller PE Ratio of Sanmina was 52.91. The lowest was 11.65. And the median was 17.91.


Sanmina E10 Historical Data

The historical data trend for Sanmina'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.

Sanmina E10 Chart

Sanmina Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.69 1.63 1.99 2.67 2.99

Sanmina 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 2.67 2.78 2.99 2.91 3.02

Competitive Comparison of Sanmina's E10

For the Electronic Components subindustry, Sanmina'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.


Sanmina's Shiller PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sanmina's Shiller PE Ratio distribution charts can be found below:

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



Sanmina 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, Sanmina'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)
=0.856/131.7762*131.7762
=0.856

Current CPI (Mar. 2024) = 131.7762.

Sanmina Quarterly Data

per share eps CPI Adj_EPS
201406 0.177 100.560 0.232
201409 1.180 100.428 1.548
201412 0.211 99.070 0.281
201503 0.157 99.621 0.208
201506 0.258 100.684 0.338
201509 3.368 100.392 4.421
201512 0.303 99.792 0.400
201603 0.350 100.470 0.459
201606 0.338 101.688 0.438
201609 1.158 101.861 1.498
201612 0.550 101.863 0.712
201703 0.383 102.862 0.491
201706 0.418 103.349 0.533
201709 0.277 104.136 0.351
201712 -1.825 104.011 -2.312
201803 0.268 105.290 0.335
201806 0.402 106.317 0.498
201809 0.009 106.507 0.011
201812 0.475 105.998 0.591
201903 0.504 107.251 0.619
201906 0.531 108.070 0.647
201909 0.245 108.329 0.298
201912 0.477 108.420 0.580
202003 0.063 108.902 0.076
202006 0.568 108.767 0.688
202009 0.637 109.815 0.764
202012 0.592 109.897 0.710
202103 0.588 111.754 0.693
202106 1.444 114.631 1.660
202109 0.714 115.734 0.813
202112 0.752 117.630 0.842
202203 0.690 121.301 0.750
202206 1.183 125.017 1.247
202209 1.091 125.227 1.148
202212 1.454 125.222 1.530
202303 1.242 127.348 1.285
202306 1.181 128.729 1.209
202309 0.974 129.860 0.988
202312 0.899 129.419 0.915
202403 0.856 131.776 0.856

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


Sanmina  (STU:SAYN) 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.

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

Shiller PE Ratio=Share Price/E10
=61.72/3.02
=20.44

* 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 Sanmina was 52.91. The lowest was 11.65. And the median was 17.91.


Be Aware

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


Sanmina E10 Related Terms

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


Sanmina (STU:SAYN) Business Description

Traded in Other Exchanges
Address
2700 North First Street, San Jose, CA, USA, 95134
Sanmina Corp is a provider of integrated manufacturing solutions, components, and after-market services to original equipment manufacturers in the communications networks, storage, industrial, defense and aerospace end markets. The company operates in two business segments: Integrated Manufacturing Solutions, which consists of printed circuit board assembly and represents a majority of the firm's revenue; and Components, Products, and Services, which includes interconnect systems and mechanical systems. The firm generates revenue primarily in the United States, China, and Mexico, but has a presence around the world.

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