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BBMG (HKSE:02009) E10 : HK$0.23 (As of Mar. 2024)


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What is BBMG 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.

BBMG's adjusted earnings per share data for the three months ended in Mar. 2024 was HK$-0.130. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is HK$0.23 for the trailing ten years ended in Mar. 2024.

During the past 12 months, BBMG's average E10 Growth Rate was -28.10% per year. During the past 3 years, the average E10 Growth Rate was -13.80% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of BBMG was -1.80% per year. The lowest was -13.80% per year. And the median was -7.80% per year.

As of today (2024-06-05), BBMG's current stock price is HK$0.63. BBMG's E10 for the quarter that ended in Mar. 2024 was HK$0.23. BBMG's Shiller PE Ratio of today is 2.74.

During the past 13 years, the highest Shiller PE Ratio of BBMG was 10.36. The lowest was 2.28. And the median was 3.63.


BBMG E10 Historical Data

The historical data trend for BBMG'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.

BBMG E10 Chart

BBMG 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 - 0.39 0.36 0.32 0.25

BBMG 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 0.32 0.30 0.29 0.25 0.23

Competitive Comparison of BBMG's E10

For the Building Materials subindustry, BBMG'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.


BBMG's Shiller PE Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, BBMG's Shiller PE Ratio distribution charts can be found below:

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



BBMG 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, BBMG'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)
=-0.13/115.2271*115.2271
=-0.130

Current CPI (Mar. 2024) = 115.2271.

BBMG Quarterly Data

per share eps CPI Adj_EPS
201406 0.156 98.200 0.183
201409 0.051 98.900 0.059
201412 0.088 99.000 0.102
201503 0.019 99.900 0.022
201506 0.118 99.500 0.137
201509 0.000 100.500 0.000
201512 0.108 100.600 0.124
201603 0.024 102.200 0.027
201606 0.184 101.400 0.209
201609 -0.151 102.400 -0.170
201612 0.045 102.600 0.051
201703 0.045 103.200 0.050
201706 0.149 103.100 0.167
201709 0.083 104.100 0.092
201712 0.036 104.500 0.040
201803 -0.025 105.300 -0.027
201806 0.303 104.900 0.333
201809 0.069 106.600 0.075
201812 0.023 106.500 0.025
201903 0.047 107.700 0.050
201906 0.284 107.700 0.304
201909 0.066 109.800 0.069
201912 0.000 111.200 0.000
202003 0.011 112.300 0.011
202006 0.142 110.400 0.148
202009 0.125 111.700 0.129
202012 -0.071 111.500 -0.073
202103 0.024 112.662 0.025
202106 0.191 111.769 0.197
202109 0.091 112.215 0.093
202112 -0.061 113.108 -0.062
202203 0.037 114.335 0.037
202206 0.171 114.558 0.172
202209 0.052 115.339 0.052
202212 -0.207 115.116 -0.207
202303 -0.034 115.116 -0.034
202306 0.076 114.558 0.076
202309 -0.040 115.339 -0.040
202312 -0.089 114.781 -0.089
202403 -0.130 115.227 -0.130

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


BBMG  (HKSE:02009) 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.

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

Shiller PE Ratio=Share Price/E10
=0.63/0.23
=2.74

* 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 BBMG was 10.36. The lowest was 2.28. And the median was 3.63.


Be Aware

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


BBMG E10 Related Terms

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


BBMG (HKSE:02009) Business Description

Traded in Other Exchanges
Address
No. 36, North Third Ring Road East, 22nd Floor, Tower D, Global Trade Center, Dongcheng District, Beijing, CHN, 100013
BBMG Corp is a manufacturer of building materials. The company operates four business segments: cement, building materials and commerce and logistics, property development, and property investment and management. BBMG provides cement and construction materials used in key construction projects and infrastructure constructions in the People's Republic of China, along with modern building materials such as furniture and fitting materials. The firm also develops property in Beijing and other large Chinese cities.
Executives
Ouyang Jieliang

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