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Bangchak PCL (BKK:BCP) E10 : ฿3.48 (As of Sep. 2024)


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What is Bangchak PCL 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.

Bangchak PCL's adjusted earnings per share data for the three months ended in Sep. 2024 was ฿-1.610. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿3.48 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Bangchak PCL's average E10 Growth Rate was -6.50% per year. During the past 3 years, the average E10 Growth Rate was 18.30% per year. During the past 5 years, the average E10 Growth Rate was 1.00% 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 Bangchak PCL was 18.30% per year. The lowest was -16.60% per year. And the median was -5.60% per year.

As of today (2024-12-15), Bangchak PCL's current stock price is ฿29.25. Bangchak PCL's E10 for the quarter that ended in Sep. 2024 was ฿3.48. Bangchak PCL's Shiller PE Ratio of today is 8.41.

During the past 13 years, the highest Shiller PE Ratio of Bangchak PCL was 13.86. The lowest was 4.97. And the median was 10.38.


Bangchak PCL E10 Historical Data

The historical data trend for Bangchak PCL'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.

Bangchak PCL E10 Chart

Bangchak PCL 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 2.92 2.15 2.33 2.98 3.56

Bangchak PCL Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 3.72 3.56 3.64 3.66 3.48

Competitive Comparison of Bangchak PCL's E10

For the Oil & Gas Refining & Marketing subindustry, Bangchak PCL'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.


Bangchak PCL's Shiller PE Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Bangchak PCL's Shiller PE Ratio distribution charts can be found below:

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



Bangchak PCL 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, Bangchak PCL's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=-1.61/133.0289*133.0289
=-1.610

Current CPI (Sep. 2024) = 133.0289.

Bangchak PCL Quarterly Data

per share eps CPI Adj_EPS
201412 -1.817 99.070 -2.440
201503 0.750 99.621 1.002
201506 2.030 100.684 2.682
201509 0.310 100.392 0.411
201512 -0.090 99.792 -0.120
201603 0.200 100.470 0.265
201606 1.750 101.688 2.289
201609 0.850 101.861 1.110
201612 0.667 101.863 0.871
201703 1.510 102.862 1.953
201706 0.720 103.349 0.927
201709 0.770 104.136 0.984
201712 1.069 104.011 1.367
201803 0.850 105.290 1.074
201806 0.720 106.317 0.901
201809 1.350 106.507 1.686
201812 -1.123 105.998 -1.409
201903 0.160 107.251 0.198
201906 0.380 108.070 0.468
201909 0.270 108.329 0.332
201912 0.370 108.420 0.454
202003 -3.490 108.902 -4.263
202006 -1.500 108.767 -1.835
202009 -0.570 109.815 -0.690
202012 0.090 109.897 0.109
202103 1.590 111.754 1.893
202106 1.210 114.631 1.404
202109 1.250 115.734 1.437
202112 1.200 117.630 1.357
202203 3.120 121.301 3.422
202206 3.790 125.017 4.033
202209 1.730 125.227 1.838
202212 0.250 125.222 0.266
202303 1.910 127.348 1.995
202306 0.240 128.729 0.248
202309 7.910 129.860 8.103
202312 -0.820 129.419 -0.843
202403 1.680 131.776 1.696
202406 1.230 132.554 1.234
202409 -1.610 133.029 -1.610

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


Bangchak PCL  (BKK:BCP) 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.

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

Shiller PE Ratio=Share Price/E10
=29.25/3.48
=8.41

* 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 Bangchak PCL was 13.86. The lowest was 4.97. And the median was 10.38.


Be Aware

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


Bangchak PCL E10 Related Terms

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


Bangchak PCL Business Description

Traded in Other Exchanges
Address
Sukhumvit Road, 2098 M Tower Building, 8th Floor, Phra Kanong Tai, Phra Kanong, Bangkok, THA, 10260
Bangchak Corp PCL is a Thailand-based energy company that engages in petroleum refining. Crude oil for refining can be gathered from both domestic and international sources, and processed into a variety of petroleum products. Gasoline and diesel fuels are marketed to customers in the industrial, transport, aviation, marine, construction, and agriculture sectors. The company also offers petroleum products at its line of retail stations around Thailand. In addition to its refinery business, Bangchak produces power from solar farms, biomass energy, and petroleum exploration and production.

Bangchak PCL Headlines

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