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Muangthai Capital PCL (BKK:MTC) E10 : ฿1.89 (As of Mar. 2024)


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What is Muangthai Capital 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.

Muangthai Capital PCL's adjusted earnings per share data for the three months ended in Mar. 2024 was ฿0.660. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿1.89 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Muangthai Capital PCL's average E10 Growth Rate was 11.80% 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 (2024-06-09), Muangthai Capital PCL's current stock price is ฿44.00. Muangthai Capital PCL's E10 for the quarter that ended in Mar. 2024 was ฿1.89. Muangthai Capital PCL's Shiller PE Ratio of today is 23.28.

During the past 13 years, the highest Shiller PE Ratio of Muangthai Capital PCL was 26.25. The lowest was 19.44. And the median was 23.28.


Muangthai Capital PCL E10 Historical Data

The historical data trend for Muangthai Capital 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.

Muangthai Capital PCL E10 Chart

Muangthai Capital 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 - - - 1.65 1.80

Muangthai Capital PCL 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 1.69 1.72 1.80 1.80 1.89

Competitive Comparison of Muangthai Capital PCL's E10

For the Credit Services subindustry, Muangthai Capital 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.


Muangthai Capital PCL's Shiller PE Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Muangthai Capital PCL's Shiller PE Ratio distribution charts can be found below:

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



Muangthai Capital 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, Muangthai Capital PCL'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)
=0.66/131.7762*131.7762
=0.660

Current CPI (Mar. 2024) = 131.7762.

Muangthai Capital PCL Quarterly Data

per share eps CPI Adj_EPS
201406 0.037 100.560 0.048
201409 0.044 100.428 0.058
201412 0.069 99.070 0.092
201503 0.090 99.621 0.119
201506 0.090 100.684 0.118
201509 0.100 100.392 0.131
201512 0.110 99.792 0.145
201603 0.130 100.470 0.171
201606 0.140 101.688 0.181
201609 0.190 101.861 0.246
201612 0.230 101.863 0.298
201703 0.250 102.862 0.320
201706 0.270 103.349 0.344
201709 0.310 104.136 0.392
201712 0.350 104.011 0.443
201803 0.390 105.290 0.488
201806 0.430 106.317 0.533
201809 0.460 106.507 0.569
201812 0.470 105.998 0.584
201903 0.470 107.251 0.577
201906 0.480 108.070 0.585
201909 0.510 108.329 0.620
201912 0.530 108.420 0.644
202003 0.580 108.902 0.702
202006 0.600 108.767 0.727
202009 0.630 109.815 0.756
202012 0.646 109.897 0.775
202103 0.650 111.754 0.766
202106 0.600 114.631 0.690
202109 0.570 115.734 0.649
202112 0.519 117.630 0.581
202203 0.650 121.301 0.706
202206 0.650 125.017 0.685
202209 0.570 125.227 0.600
202212 0.530 125.222 0.558
202303 0.500 127.348 0.517
202306 0.570 128.729 0.583
202309 0.610 129.860 0.619
202312 0.630 129.419 0.641
202403 0.660 131.776 0.660

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


Muangthai Capital PCL  (BKK:MTC) 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.

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

Shiller PE Ratio=Share Price/E10
=44.00/1.89
=23.28

* 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 Muangthai Capital PCL was 26.25. The lowest was 19.44. And the median was 23.28.


Be Aware

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


Muangthai Capital PCL E10 Related Terms

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


Muangthai Capital PCL (BKK:MTC) Business Description

Traded in Other Exchanges
Address
No. 332/1 Charansanitwong Road, Bangplad, Bangplad, Bangkok, THA, 10700
Muangthai Capital PCL primarily provides loans to consumers in Thailand. The company makes both unsecured personal loans as well as secured loans for specific items. Muangthai's secured loans are generally for cars, motorcycles, agricultural equipment, or land that then serve as collateral. Roughly 85% of the company's total revenue is from interest and fees on the loans, and nearly all the company's revenue is attributable to loans. A very small portion of revenue comes from the company's insurance brokerage business. Muangthai operates exclusively in Thailand.