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NagaCorp (HKSE:03918) E10 : HK$0.50 (As of Dec. 2023)


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What is NagaCorp 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.

NagaCorp's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was HK$0.314. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is HK$0.50 for the trailing ten years ended in Dec. 2023.

During the past 12 months, NagaCorp's average E10 Growth Rate was -2.00% per year. During the past 3 years, the average E10 Growth Rate was -2.50% per year. During the past 5 years, the average E10 Growth Rate was 1.20% 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 NagaCorp was 15.60% per year. The lowest was -2.50% per year. And the median was 11.50% per year.

As of today (2024-05-26), NagaCorp's current stock price is HK$ 4.12. NagaCorp's E10 for the fiscal year that ended in Dec. 2023 was HK$0.50. NagaCorp's Shiller PE Ratio of today is 8.24.

During the past 13 years, the highest Shiller PE Ratio of NagaCorp was 32.73. The lowest was 5.30. And the median was 16.21.


NagaCorp E10 Historical Data

The historical data trend for NagaCorp'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.

NagaCorp E10 Chart

NagaCorp 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 0.54 0.54 0.51 0.51 0.50

NagaCorp Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 0.51 - 0.51 - 0.50

Competitive Comparison of NagaCorp's E10

For the Resorts & Casinos subindustry, NagaCorp'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.


NagaCorp's Shiller PE Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, NagaCorp's Shiller PE Ratio distribution charts can be found below:

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



NagaCorp 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, NagaCorp'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)
=0.314/129.4194*129.4194
=0.314

Current CPI (Dec. 2023) = 129.4194.

NagaCorp Annual Data

per_share_eps CPI Adj_EPS
201412 0.454 99.070 0.593
201512 0.577 99.792 0.748
201612 0.536 101.863 0.681
201712 0.451 104.011 0.561
201812 0.691 105.998 0.844
201912 0.920 108.420 1.098
202012 0.180 109.897 0.212
202112 -0.260 117.630 -0.286
202212 0.188 125.222 0.194
202312 0.314 129.419 0.314

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


NagaCorp  (HKSE:03918) 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.

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

Shiller PE Ratio=Share Price/E10
=4.12/0.5
=8.24

* 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 13 years, the highest Shiller P/E Ratio of NagaCorp was 32.73. The lowest was 5.30. And the median was 16.21.


Be Aware

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


NagaCorp E10 Related Terms

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


NagaCorp (HKSE:03918) Business Description

Traded in Other Exchanges
Address
NagaWorld Samdech Techo, P.O. Box 1099, Hun Sen Park, Phnom Penh, KHM, 120101
NagaCorp Ltd is an investment holding company involved in the resorts and casino industry. The company has two business segments, Casino Operations; and Hotel and Entertainment Operations. The Casino Operations business manages gaming activities, the company's flagship resort, NagaWorld. The resort has a variety of gaming halls, shopping galleries, restaurants, and meeting spaces. Furthermore, it contains segments of both gaming tables and electronic gaming machines. The Hotel and Entertainment Operations segment manages the hotel and leisure businesses of the company. NagaCorp generates the vast majority of its revenue in Cambodia, where it has a casino license until 2065.
Executives
Sakai Global Holdings Ltd. 2201 Interest of corporation controlled by you
Sakai Private Trust Company Pte. Ltd. 2301 Trustee
Chen Yepern 2501 Other
Chen Yiy Fon 2501 Other
Chen Cherchi 2501 Other
Chen Yiy Hwuan 2501 Other
Chen Cien Then 2501 Other
Chenlipkeong Fund Limited 2101 Beneficial owner
Lipkco Group Limited 2101 Beneficial owner
Chan Kin Sun 2101 Beneficial owner
Cheng Kwan Ying Jennifer 2202 Interest of your spouse
Chen Lip Keong 2307 Founder of a discretionary trust who can infl

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