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Sonae SGPS (XLIS:SON) E10 : €0.12 (As of Mar. 2024)


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What is Sonae SGPS 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.

Sonae SGPS's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.013. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.12 for the trailing ten years ended in Mar. 2024.

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 Sonae SGPS was -26.00% per year. The lowest was -26.00% per year. And the median was -26.00% per year.

As of today (2024-06-08), Sonae SGPS's current stock price is €0.92. Sonae SGPS's E10 for the quarter that ended in Mar. 2024 was €0.12. Sonae SGPS's Shiller PE Ratio of today is 7.67.

During the past 13 years, the highest Shiller PE Ratio of Sonae SGPS was 8.86. The lowest was 7.16. And the median was 8.03.


Sonae SGPS E10 Historical Data

The historical data trend for Sonae SGPS'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.

Sonae SGPS E10 Chart

Sonae SGPS 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 -0.01 -0.02 -0.02 0.12 0.12

Sonae SGPS 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 0.12 0.12 0.11 0.12 0.12

Competitive Comparison of Sonae SGPS's E10

For the Department Stores subindustry, Sonae SGPS'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.


Sonae SGPS's Shiller PE Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sonae SGPS's Shiller PE Ratio distribution charts can be found below:

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



Sonae SGPS 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, Sonae SGPS'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)
=0.013/120.3960*120.3960
=0.013

Current CPI (Mar. 2024) = 120.3960.

Sonae SGPS Quarterly Data

per share eps CPI Adj_EPS
201406 0.021 99.967 0.025
201409 0.021 99.617 0.025
201412 0.024 99.723 0.029
201503 0.011 100.097 0.013
201506 0.040 100.769 0.048
201509 0.024 100.489 0.029
201512 0.015 100.119 0.018
201603 0.016 100.547 0.019
201606 0.023 101.319 0.027
201609 0.030 101.122 0.036
201612 0.040 100.998 0.048
201703 0.004 101.924 0.005
201706 0.032 102.240 0.038
201709 0.005 102.527 0.006
201712 0.083 102.479 0.098
201803 0.008 102.626 0.009
201806 0.031 103.790 0.036
201809 0.013 103.960 0.015
201812 0.051 103.159 0.060
201903 0.010 103.495 0.012
201906 0.010 104.192 0.012
201909 0.024 103.844 0.028
201912 0.038 103.592 0.044
202003 -0.031 103.544 -0.036
202006 -0.009 104.323 -0.010
202009 -0.002 103.699 -0.002
202012 0.039 103.354 0.045
202103 0.000 104.014 0.000
202106 0.030 104.852 0.034
202109 0.047 105.232 0.054
202112 0.057 106.191 0.065
202203 0.022 109.559 0.024
202206 0.039 114.003 0.041
202209 0.048 114.999 0.050
202212 0.065 116.377 0.067
202303 0.013 117.701 0.013
202306 0.022 117.872 0.022
202309 0.034 119.111 0.034
202312 0.115 118.032 0.117
202403 0.013 120.396 0.013

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


Sonae SGPS  (XLIS:SON) 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.

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

Shiller PE Ratio=Share Price/E10
=0.92/0.12
=7.67

* 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 Sonae SGPS was 8.86. The lowest was 7.16. And the median was 8.03.


Be Aware

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


Sonae SGPS E10 Related Terms

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


Sonae SGPS (XLIS:SON) Business Description

Traded in Other Exchanges
Address
Lugar do Espido, Via Norte, Apartado 1011, Maia, PRT, 4470-909
Sonae SGPS SA is a retail company that manages a variety of business portfolios, including food, sports goods, clothing & apparel, financial services, electronics, technology, and telecommunication. The company's business is divided into eight segments based on the business offerings: Sonae MC, Worten, Sonae Fashion, Iberian Sports Retail Group, Sonae FS, Sonae IM, Sonae Sierra, and NOS. The Sonae MC business segment, which generates most of the company's revenue, is the company's food retail unit and operates restaurants, supermarkets, and convenience stores, among others. The company operates globally but earns most of its revenue in Portugal.