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Opus Global (BUD:OPUS) E10 : Ft13.55 (As of Dec. 2023)


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What is Opus Global 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.

Opus Global's adjusted earnings per share data for the three months ended in Dec. 2023 was Ft9.800. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Ft13.55 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Opus Global's average E10 Growth Rate was 103.10% 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.

As of today (2024-05-05), Opus Global's current stock price is Ft372.50. Opus Global's E10 for the quarter that ended in Dec. 2023 was Ft13.55. Opus Global's Shiller PE Ratio of today is 27.49.

During the past 13 years, the highest Shiller PE Ratio of Opus Global was 45.82. The lowest was 13.67. And the median was 28.88.


Opus Global E10 Historical Data

The historical data trend for Opus Global'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.

Opus Global E10 Chart

Opus Global 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 - - - 6.67 13.55

Opus Global Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 6.67 7.68 8.02 10.10 13.55

Competitive Comparison of Opus Global's E10

For the Engineering & Construction subindustry, Opus Global'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.


Opus Global's Shiller PE Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Opus Global's Shiller PE Ratio distribution charts can be found below:

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



Opus Global 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, Opus Global's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=9.8/160.9178*160.9178
=9.800

Current CPI (Dec. 2023) = 160.9178.

Opus Global Quarterly Data

per share eps CPI Adj_EPS
201303 -0.100 100.296 -0.160
201306 -0.582 100.666 -0.930
201309 0.571 100.592 0.913
201312 4.188 99.704 6.759
201403 1.000 100.370 1.603
201406 -2.426 100.370 -3.889
201409 1.752 100.074 2.817
201412 0.870 98.816 1.417
201503 -0.855 99.704 -1.380
201506 -1.642 100.962 -2.617
201509 0.627 99.704 1.012
201512 -5.604 99.704 -9.045
201603 -0.859 99.482 -1.389
201606 -1.598 100.814 -2.551
201609 -0.016 100.370 -0.026
201612 -0.615 101.406 -0.976
201706 6.600 102.724 10.339
201712 12.179 103.627 18.912
201806 0.416 105.922 0.632
201812 48.893 106.440 73.917
201903 -33.225 108.068 -49.473
201906 31.167 109.475 45.813
201909 -0.378 109.623 -0.555
201912 -42.545 110.659 -61.868
202003 3.312 112.287 4.746
202006 -3.045 112.583 -4.352
202009 0.093 113.398 0.132
202012 -9.922 113.694 -14.043
202103 11.700 116.358 16.181
202106 0.293 118.579 0.398
202109 18.100 119.541 24.365
202112 15.800 122.058 20.830
202203 -2.800 126.351 -3.566
202206 2.600 132.420 3.160
202209 12.949 143.597 14.511
202212 5.276 152.036 5.584
202303 9.300 158.105 9.465
202306 1.863 158.993 1.886
202309 17.200 161.140 17.176
202312 9.800 160.918 9.800

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


Opus Global  (BUD:OPUS) 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.

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

Shiller PE Ratio=Share Price/E10
=372.50/13.55
=27.49

* 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 Opus Global was 45.82. The lowest was 13.67. And the median was 28.88.


Be Aware

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


Opus Global E10 Related Terms

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


Opus Global (BUD:OPUS) Business Description

Traded in Other Exchanges
Address
59 Andrassy Street, Budapest, HUN, 1062
Opus Global PLC is a holding company engaged in the manufacturing of furnace and fireplace, construction activities, develops properties and also operates resorts. The company has structured its operations into the following business segments - industrial manufacturing, agriculture and food industry, Tourism, and asset management segment. The maximum revenue is generated from industrial manufacturing segment.

Opus Global (BUD:OPUS) Headlines

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