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Hannon Armstrong Sustainable Infrastructure Capital (Hannon Armstrong Sustainable Infrastructure Capital) E10 : $0.92 (As of Dec. 2023)


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What is Hannon Armstrong Sustainable Infrastructure Capital 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.

Hannon Armstrong Sustainable Infrastructure Capital's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.740. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.92 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Hannon Armstrong Sustainable Infrastructure Capital's average E10 Growth Rate was 39.40% 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.

As of today (2024-04-29), Hannon Armstrong Sustainable Infrastructure Capital's current stock price is $25.50. Hannon Armstrong Sustainable Infrastructure Capital's E10 for the quarter that ended in Dec. 2023 was $0.92. Hannon Armstrong Sustainable Infrastructure Capital's Shiller PE Ratio of today is 27.72.

During the past 13 years, the highest Shiller PE Ratio of Hannon Armstrong Sustainable Infrastructure Capital was 114.43. The lowest was 18.49. And the median was 46.18.


Hannon Armstrong Sustainable Infrastructure Capital E10 Historical Data

The historical data trend for Hannon Armstrong Sustainable Infrastructure Capital'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.

Hannon Armstrong Sustainable Infrastructure Capital E10 Chart

Hannon Armstrong Sustainable Infrastructure Capital 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 - - 0.63 0.66 0.92

Hannon Armstrong Sustainable Infrastructure Capital Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 0.66 0.71 0.77 0.78 0.92

Competitive Comparison of Hannon Armstrong Sustainable Infrastructure Capital's E10

For the REIT - Specialty subindustry, Hannon Armstrong Sustainable Infrastructure Capital'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.


Hannon Armstrong Sustainable Infrastructure Capital's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Hannon Armstrong Sustainable Infrastructure Capital's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Hannon Armstrong Sustainable Infrastructure Capital's Shiller PE Ratio falls into.



Hannon Armstrong Sustainable Infrastructure Capital 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, Hannon Armstrong Sustainable Infrastructure Capital's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.74/129.4194*129.4194
=0.740

Current CPI (Dec. 2023) = 129.4194.

Hannon Armstrong Sustainable Infrastructure Capital Quarterly Data

per share eps CPI Adj_EPS
201403 0.170 99.695 0.221
201406 0.130 100.560 0.167
201409 0.110 100.428 0.142
201412 0.050 99.070 0.065
201503 0.070 99.621 0.091
201506 0.040 100.684 0.051
201509 0.060 100.392 0.077
201512 0.050 99.792 0.065
201603 0.070 100.470 0.090
201606 0.090 101.688 0.115
201609 0.070 101.861 0.089
201612 0.090 101.863 0.114
201703 0.140 102.862 0.176
201706 0.230 103.349 0.288
201709 0.140 104.136 0.174
201712 0.060 104.011 0.075
201803 -0.030 105.290 -0.037
201806 0.320 106.317 0.390
201809 0.300 106.507 0.365
201812 0.160 105.998 0.195
201903 0.210 107.251 0.253
201906 0.190 108.070 0.228
201909 0.130 108.329 0.155
201912 0.660 108.420 0.788
202003 0.350 108.902 0.416
202006 0.160 108.767 0.190
202009 0.280 109.815 0.330
202012 0.320 109.897 0.377
202103 0.610 111.754 0.706
202106 0.200 114.631 0.226
202109 -0.040 115.734 -0.045
202112 0.710 117.630 0.781
202203 0.510 121.301 0.544
202206 -0.210 125.017 -0.217
202209 0.380 125.227 0.393
202212 -0.220 125.222 -0.227
202303 0.260 127.348 0.264
202306 0.140 128.729 0.141
202309 0.200 129.860 0.199
202312 0.740 129.419 0.740

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


Hannon Armstrong Sustainable Infrastructure Capital  (NYSE:HASI) 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.

Hannon Armstrong Sustainable Infrastructure Capital's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=25.50/0.92
=27.72

* 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 Hannon Armstrong Sustainable Infrastructure Capital was 114.43. The lowest was 18.49. And the median was 46.18.


Be Aware

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


Hannon Armstrong Sustainable Infrastructure Capital E10 Related Terms

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


Hannon Armstrong Sustainable Infrastructure Capital (Hannon Armstrong Sustainable Infrastructure Capital) Business Description

Traded in Other Exchanges
Address
One Park Place, Suite 200, Annapolis, MD, USA, 21401
Hannon Armstrong Sustainable Infrastructure Capital Inc provides debt and equity financing to the energy markets in the United States. The company focuses on investments in two types of projects: energy-efficiency projects and renewable-energy projects. Energy-efficiency projects reduce the energy use and energy cost of building or facility through the improvement or installation of building components including heat, ventilation, and air conditioning systems; lights; energy controls; roofs; windows; building shells; and heat and power systems. Renewable-energy projects deploy cleaner energy sources such as solar and wind to generate power production. The company also provides financing solutions for other projects to improve energy efficiency and the environment.
Executives
Clarence D Armbrister director C/O HANNON ARMSTRONG, 1906 TOWNE CENTRE BLVD., SUITE 370, ANNAPOLIS MD 21401
Richard Santoroski officer: EVP and Chief Risk Officer 4300 WILSON BOULEVARD, ARLINGTON VA 22203
Marc T. Pangburn officer: EVP and Co-CIO C/O HANNON ARMSTRONG, 1906 TOWNE CENTRE BLVD., SUITE 370, ANNAPOLIS MD 21401
Jeffrey Lipson officer: Chief Financial Officer C/O HANNON ARMSTRONG, 1906 TOWNE CENTRE BLVD., SUITE 370, ANNAPOLIS MD 21401
Teresa Brenner director 1906 TOWNE CENTRE BLVD, SUITE 370, ANNAPOLIS MD 21401
Richard J Osborne director C/O HANNON ARMSTRONG, 1906 TOWNE CENTRE BLVD, SUITE 370, ANNAPOLIS MD 21401
Jeffrey Eckel director, officer: Chairman, President & CEO 1906 TOWNE CENTRE BLVD., SUITE 370, ANNAPOLIS MD 21401
Nathaniel Rose officer: EVP & COO 1906 TOWNE CENTRE BLVD., SUITE 370, ANNAPOLIS MD 21401
Daniel K. Mcmahon officer: EVP 1906 TOWNE CENTRE BLVD, SUITE 370, ANNAPOLIS MD 21401
Charles Melko officer: Chief Accounting Officer C/O HANNON ARMSTRONG, 1906 TOWNE CENTRE BLVD., SUITE 370, ANNAPOLIS MD 21401
Steven Chuslo officer: General Counsel & EVP 1906 TOWNE CENTRE BLVD., SUITE 370, ANNAPOLIS MD 21401
Susan D Nickey officer: EVP and Chief Client Officer C/O HANNON ARMSTRONG, 1906 TOWNE CENTRE BLVD. SUITE 370, ANNAPOLIS MD 21401
Kimberly A. Reed director C/O MOMENTUS INC., 3050 KENNETH ST., SANTA CLARA CA 95054
Steven G Osgood director 6745 ENGLE ROAD, SUITE 300, MIDDLEBURG HEIGHTS OH 44130
Lizabeth A Ardisana director 328 S. SAGINAW ST., FLINT MI 48430

Hannon Armstrong Sustainable Infrastructure Capital (Hannon Armstrong Sustainable Infrastructure Capital) Headlines