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DCC (LSE:DCC) E10 : £2.86 (As of Mar. 2023)


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What is DCC 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.

DCC's adjusted earnings per share data for the fiscal year that ended in Mar. 2023 was £3.380. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is £2.86 for the trailing ten years ended in Mar. 2023.

During the past 12 months, DCC's average E10 Growth Rate was 15.30% per year. During the past 3 years, the average E10 Growth Rate was 12.70% per year. During the past 5 years, the average E10 Growth Rate was 10.30% per year. During the past 10 years, the average E10 Growth Rate was 8.40% 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 DCC was 17.00% per year. The lowest was 5.40% per year. And the median was 8.30% per year.

As of today (2024-05-12), DCC's current stock price is £ 58.50. DCC's E10 for the fiscal year that ended in Mar. 2023 was £2.86. DCC's Shiller PE Ratio of today is 20.45.

During the past 13 years, the highest Shiller PE Ratio of DCC was 49.08. The lowest was 14.67. And the median was 29.78.


DCC E10 Historical Data

The historical data trend for DCC'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.

DCC E10 Chart

DCC Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.89 2.00 2.13 2.48 2.86

DCC Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23
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 2.13 - 2.48 - 2.86

Competitive Comparison of DCC's E10

For the Oil & Gas Refining & Marketing subindustry, DCC'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.


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

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

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



DCC 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, DCC's adjusted earnings per share data for the fiscal year that ended in Mar. 2023 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Mar. 2023 (Change)*Current CPI (Mar. 2023)
=3.38/117.6177*117.6177
=3.380

Current CPI (Mar. 2023) = 117.6177.

DCC Annual Data

per_share_eps CPI Adj_EPS
201403 1.439 100.573 1.683
201503 1.707 99.975 2.008
201603 2.010 99.676 2.372
201703 2.420 100.374 2.836
201803 2.928 100.573 3.424
201903 2.797 101.670 3.236
202003 2.492 102.367 2.863
202103 2.966 102.367 3.408
202203 3.164 109.245 3.406
202303 3.380 117.618 3.380

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


DCC  (LSE:DCC) 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.

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

Shiller PE Ratio=Share Price/E10
=58.50/2.86
=20.45

* 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 DCC was 49.08. The lowest was 14.67. And the median was 29.78.


Be Aware

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


DCC E10 Related Terms

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


DCC (LSE:DCC) Business Description

Traded in Other Exchanges
Address
Leopardstown Road, DCC House, Foxrock, Dublin, IRL, D18 PK00
DCC PLC is an international sales, marketing, and support services company operating across three divisions: Energy, Technology, and Healthcare. It generates maximum revenue from the Energy segment. The company's trading activities are principally in Europe with a growing presence in the United States and Asia.

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