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SG Micro (SZSE:300661) E10 : ¥0.63 (As of Mar. 2024)


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What is SG Micro 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.

SG Micro's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was ¥0.593. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥0.63 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 (2024-06-08), SG Micro's current stock price is ¥ 81.42. SG Micro's E10 for the fiscal year that ended in Dec. 2023 was ¥0.63. SG Micro's Shiller PE Ratio of today is 129.24.

During the past 12 years, the highest Shiller PE Ratio of SG Micro was 429.14. The lowest was 99.70. And the median was 211.73.


SG Micro E10 Historical Data

The historical data trend for SG Micro'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.

SG Micro E10 Chart

SG Micro 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 - - 0.41 0.59 0.63

SG Micro 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 - - - 0.63 -

Competitive Comparison of SG Micro's E10

For the Semiconductors subindustry, SG Micro'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.


SG Micro's Shiller PE Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, SG Micro's Shiller PE Ratio distribution charts can be found below:

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



SG Micro 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, SG Micro'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)
=0.593/114.7809*114.7809
=0.593

Current CPI (Dec. 2023) = 114.7809.

SG Micro Annual Data

per_share_eps CPI Adj_EPS
201412 0.180 99.000 0.209
201512 0.211 100.600 0.241
201612 0.242 102.600 0.271
201712 0.301 104.500 0.331
201812 0.227 106.500 0.245
201912 0.384 111.200 0.396
202012 0.625 111.500 0.643
202112 1.499 113.108 1.521
202212 1.853 115.116 1.848
202312 0.593 114.781 0.593

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


SG Micro  (SZSE:300661) 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.

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

Shiller PE Ratio=Share Price/E10
=81.42/0.63
=129.24

* 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 12 years, the highest Shiller P/E Ratio of SG Micro was 429.14. The lowest was 99.70. And the median was 211.73.


Be Aware

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


SG Micro E10 Related Terms

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


SG Micro (SZSE:300661) Business Description

Traded in Other Exchanges
N/A
Address
No. 87 North Xisanhuan Road, IFEC, Suite C-1301, 13th Floor, Haidian District, Beijing, CHN, 100089
SG Micro Corp is a Chinese company engaged in the design, marketing and selling integrated circuit. Its products are used in cell phone, television, DVD player, digital camera, notebook computer, consumer electronics, automobile electronics, industrial automation, and medical device. The product portfolio of the company includes comparators, headphone drivers, audio drivers, video drivers, analog switches, complex switches, load switches, LED drivers, Li-on battery chargers, and other products.
Executives
Lin Lin Director
Lin Ming An Executives
Zhang Qin Directors, Directors, and Executives

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