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Ve Wong (TPE:1203) E10 : NT$2.14 (As of Mar. 2024)


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What is Ve Wong 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.

Ve Wong's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$0.640. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$2.14 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ve Wong's average E10 Growth Rate was 7.00% per year. During the past 3 years, the average E10 Growth Rate was 14.10% 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 Ve Wong was 16.30% per year. The lowest was 14.10% per year. And the median was 15.20% per year.

As of today (2024-06-11), Ve Wong's current stock price is NT$49.70. Ve Wong's E10 for the quarter that ended in Mar. 2024 was NT$2.14. Ve Wong's Shiller PE Ratio of today is 23.22.

During the past 13 years, the highest Shiller PE Ratio of Ve Wong was 27.79. The lowest was 15.71. And the median was 21.03.


Ve Wong E10 Historical Data

The historical data trend for Ve Wong'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.

Ve Wong E10 Chart

Ve Wong 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 1.26 1.40 1.67 1.98 2.08

Ve Wong 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 2.00 2.02 2.05 2.08 2.14

Competitive Comparison of Ve Wong's E10

For the Packaged Foods subindustry, Ve Wong'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.


Ve Wong's Shiller PE Ratio Distribution in the Consumer Packaged Goods Industry

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

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



Ve Wong 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, Ve Wong'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)
=0.64/131.7762*131.7762
=0.640

Current CPI (Mar. 2024) = 131.7762.

Ve Wong Quarterly Data

per share eps CPI Adj_EPS
201406 0.290 100.560 0.380
201409 0.170 100.428 0.223
201412 0.300 99.070 0.399
201503 0.498 99.621 0.659
201506 0.360 100.684 0.471
201509 0.470 100.392 0.617
201512 -0.200 99.792 -0.264
201603 0.370 100.470 0.485
201606 0.420 101.688 0.544
201609 0.470 101.861 0.608
201612 0.520 101.863 0.673
201703 0.370 102.862 0.474
201706 0.480 103.349 0.612
201709 0.640 104.136 0.810
201712 0.370 104.011 0.469
201803 0.310 105.290 0.388
201806 0.550 106.317 0.682
201809 0.580 106.507 0.718
201812 0.380 105.998 0.472
201903 0.500 107.251 0.614
201906 0.520 108.070 0.634
201909 0.440 108.329 0.535
201912 0.460 108.420 0.559
202003 0.500 108.902 0.605
202006 0.430 108.767 0.521
202009 0.560 109.815 0.672
202012 0.320 109.897 0.384
202103 0.550 111.754 0.649
202106 0.530 114.631 0.609
202109 0.440 115.734 0.501
202112 0.360 117.630 0.403
202203 0.590 121.301 0.641
202206 0.170 125.017 0.179
202209 1.500 125.227 1.578
202212 0.370 125.222 0.389
202303 0.330 127.348 0.341
202306 0.380 128.729 0.389
202309 0.640 129.860 0.649
202312 0.450 129.419 0.458
202403 0.640 131.776 0.640

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


Ve Wong  (TPE:1203) 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.

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

Shiller PE Ratio=Share Price/E10
=49.70/2.14
=23.22

* 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 Ve Wong was 27.79. The lowest was 15.71. And the median was 21.03.


Be Aware

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


Ve Wong E10 Related Terms

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


Ve Wong (TPE:1203) Business Description

Traded in Other Exchanges
N/A
Address
No. 79, Section 2, Zhongshan North Road, 5th Floor, Taipei, TWN
Ve Wong Corp manufactures and distributes food products. The company is in the production and sales of monosodium glutamate, soy sauce, instant noodles, canned food, and beverages, as well as residential and building development, leasing and sales, industrial plant development, leasing and sales, investment, and construction of public construction, and import of foreign tobacco, alcohol, and beverages.

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