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Melco Resorts and Entertainment (STU:MAS) E10 : €-0.33 (As of Mar. 2024)


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What is Melco Resorts and Entertainment 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.

Melco Resorts and Entertainment's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.033. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.33 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 Melco Resorts and Entertainment was 31.80% per year. The lowest was -26.60% per year. And the median was 29.10% per year.

As of today (2024-05-24), Melco Resorts and Entertainment's current stock price is €7.90. Melco Resorts and Entertainment's E10 for the quarter that ended in Mar. 2024 was €-0.33. Melco Resorts and Entertainment's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Melco Resorts and Entertainment was 135.70. The lowest was 17.19. And the median was 51.13.


Melco Resorts and Entertainment E10 Historical Data

The historical data trend for Melco Resorts and Entertainment'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.

Melco Resorts and Entertainment E10 Chart

Melco Resorts and Entertainment 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 0.36 0.18 -0.08 -0.27

Melco Resorts and Entertainment 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 -0.11 -0.14 -0.19 -0.27 -0.33

Competitive Comparison of Melco Resorts and Entertainment's E10

For the Resorts & Casinos subindustry, Melco Resorts and Entertainment'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.


Melco Resorts and Entertainment's Shiller PE Ratio Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Melco Resorts and Entertainment's Shiller PE Ratio falls into.



Melco Resorts and Entertainment 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, Melco Resorts and Entertainment'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)
=0.033/117.7354*117.7354
=0.033

Current CPI (Mar. 2024) = 117.7354.

Melco Resorts and Entertainment Quarterly Data

per share eps CPI Adj_EPS
201406 0.190 96.409 0.232
201409 0.184 97.948 0.221
201412 0.136 99.707 0.161
201503 0.103 99.927 0.121
201506 0.040 99.267 0.047
201509 0.053 99.927 0.062
201512 -0.022 102.015 -0.025
201603 0.065 102.785 0.074
201606 0.053 101.686 0.061
201609 0.112 102.565 0.129
201612 0.082 103.225 0.094
201703 0.216 103.335 0.246
201706 0.067 103.664 0.076
201709 0.196 103.994 0.222
201712 0.139 104.984 0.156
201803 0.258 105.973 0.287
201806 0.098 106.193 0.109
201809 0.018 106.852 0.020
201812 0.240 107.622 0.263
201903 0.229 108.172 0.249
201906 0.186 109.601 0.200
201909 0.158 110.260 0.169
201912 0.127 110.700 0.135
202003 -0.690 110.920 -0.732
202006 -0.685 110.590 -0.729
202009 -0.591 107.512 -0.647
202012 -0.345 109.711 -0.370
202103 -0.411 111.579 -0.434
202106 -0.321 111.360 -0.339
202109 -0.413 109.051 -0.446
202112 -0.297 112.349 -0.311
202203 -0.351 113.558 -0.364
202206 -0.502 113.448 -0.521
202209 -0.533 113.778 -0.552
202212 -0.535 114.548 -0.550
202303 -0.171 115.427 -0.174
202306 -0.050 115.647 -0.051
202309 -0.034 116.087 -0.034
202312 -0.327 117.296 -0.328
202403 0.033 117.735 0.033

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


Melco Resorts and Entertainment  (STU:MAS) 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.

During the past 13 years, the highest Shiller P/E Ratio of Melco Resorts and Entertainment was 135.70. The lowest was 17.19. And the median was 51.13.


Be Aware

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


Melco Resorts and Entertainment E10 Related Terms

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


Melco Resorts and Entertainment (STU:MAS) Business Description

Traded in Other Exchanges
Address
60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG
Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on VIP customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao with the rest largely from the Philippines as of 2019.

Melco Resorts and Entertainment (STU:MAS) Headlines

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