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Centerra Gold (TSX:CG) E10 : C$0.17 (As of Mar. 2024)


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What is Centerra Gold 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.

Centerra Gold's adjusted earnings per share data for the three months ended in Mar. 2024 was C$0.406. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$0.17 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Centerra Gold's average E10 Growth Rate was -10.50% per year. During the past 3 years, the average E10 Growth Rate was -38.20% per year. During the past 5 years, the average E10 Growth Rate was -26.10% 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 Centerra Gold was 20.30% per year. The lowest was -38.20% per year. And the median was -3.40% per year.

As of today (2024-05-25), Centerra Gold's current stock price is C$9.59. Centerra Gold's E10 for the quarter that ended in Mar. 2024 was C$0.17. Centerra Gold's Shiller PE Ratio of today is 56.41.

During the past 13 years, the highest Shiller PE Ratio of Centerra Gold was 67.50. The lowest was 8.20. And the median was 18.43.


Centerra Gold E10 Historical Data

The historical data trend for Centerra Gold'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.

Centerra Gold E10 Chart

Centerra Gold 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 0.53 0.55 0.23 0.26 0.13

Centerra Gold 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 0.19 0.17 0.21 0.13 0.17

Competitive Comparison of Centerra Gold's E10

For the Gold subindustry, Centerra Gold'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.


Centerra Gold's Shiller PE Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Centerra Gold's Shiller PE Ratio distribution charts can be found below:

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



Centerra Gold 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, Centerra Gold'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)
=0.406/126.2576*126.2576
=0.406

Current CPI (Mar. 2024) = 126.2576.

Centerra Gold Quarterly Data

per share eps CPI Adj_EPS
201406 -0.141 99.473 -0.179
201409 -0.022 99.394 -0.028
201412 -0.058 98.367 -0.074
201503 0.215 99.789 0.272
201506 0.111 100.500 0.139
201509 -0.106 100.421 -0.133
201512 -0.014 99.947 -0.018
201603 0.093 101.054 0.116
201606 0.005 102.002 0.006
201609 0.367 101.765 0.455
201612 0.320 101.449 0.398
201703 0.268 102.634 0.330
201706 0.106 103.029 0.130
201709 -0.025 103.345 -0.031
201712 0.575 103.345 0.702
201803 0.039 105.004 0.047
201806 0.236 105.557 0.282
201809 0.013 105.636 0.016
201812 0.202 105.399 0.242
201903 0.227 106.979 0.268
201906 0.146 107.690 0.171
201909 -0.741 107.611 -0.869
201912 -0.053 107.769 -0.062
202003 0.084 107.927 0.098
202006 0.366 108.401 0.426
202009 0.900 108.164 1.051
202012 0.410 108.559 0.477
202103 0.691 110.298 0.791
202106 -3.507 111.720 -3.963
202109 0.114 112.905 0.127
202112 1.178 113.774 1.307
202203 0.380 117.646 0.408
202206 -0.013 120.806 -0.014
202209 -0.200 120.648 -0.209
202212 -0.802 120.964 -0.837
202303 -0.465 122.702 -0.478
202306 -0.239 124.203 -0.243
202309 0.365 125.230 0.368
202312 -0.174 125.072 -0.176
202403 0.406 126.258 0.406

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


Centerra Gold  (TSX:CG) 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.

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

Shiller PE Ratio=Share Price/E10
=9.59/0.17
=56.41

* 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 Centerra Gold was 67.50. The lowest was 8.20. And the median was 18.43.


Be Aware

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


Centerra Gold E10 Related Terms

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


Centerra Gold (TSX:CG) Business Description

Traded in Other Exchanges
Address
1 University Avenue, Suite 1500, Toronto, ON, CAN, M5J 2P1
Centerra Gold Inc a gold mining and exploration company engaged in the operation, exploration, development, and acquisition of gold properties in Asia, North America, and other markets worldwide. The company manages its reportable operating segments by a combination of geographic location and products. The Kyrgyz Republic segment includes the operations of the Kumtor Gold Project. The Turkish segment represents the development of the OksUt Project. The North America Gold- Copper segment represents the operations of the Mount Milligan Mine. The North America Molybdenum segment includes the operations of the Langeloth processing facility and the care and maintenance activities of the Endako and Thompson Creek Mines.
Executives
Wendy Wai Ting Kei Director