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Seplat Energy (NSA:SEPLAT) E10 : ₦305.51 (As of Mar. 2024)


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What is Seplat Energy 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.

Seplat Energy's adjusted earnings per share data for the three months ended in Mar. 2024 was ₦2.656. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₦305.51 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Seplat Energy's average E10 Growth Rate was -40.70% 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 (2024-06-15), Seplat Energy's current stock price is ₦3450.00. Seplat Energy's E10 for the quarter that ended in Mar. 2024 was ₦305.51. Seplat Energy's Shiller PE Ratio of today is 11.29.

During the past 13 years, the highest Shiller PE Ratio of Seplat Energy was 11.04. The lowest was 2.05. And the median was 4.21.


Seplat Energy E10 Historical Data

The historical data trend for Seplat Energy'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.

Seplat Energy E10 Chart

Seplat Energy 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 - - - 530.52 316.19

Seplat Energy 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 515.37 393.06 345.57 316.19 305.51

Competitive Comparison of Seplat Energy's E10

For the Oil & Gas E&P subindustry, Seplat Energy'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.


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

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

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



Seplat Energy 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, Seplat Energy'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)
=2.656/131.7762*131.7762
=2.656

Current CPI (Mar. 2024) = 131.7762.

Seplat Energy Quarterly Data

per share eps CPI Adj_EPS
201406 295.425 100.560 387.134
201409 194.525 100.428 255.246
201412 65.717 99.070 87.413
201503 59.820 99.621 79.128
201506 29.910 100.684 39.147
201509 74.775 100.392 98.151
201512 14.955 99.792 19.748
201603 -44.865 100.470 -58.845
201606 -119.640 101.688 -155.040
201609 -89.730 101.861 -116.082
201612 -179.460 101.863 -232.161
201703 -44.865 102.862 -57.476
201706 -14.955 103.349 -19.069
201709 59.820 104.136 75.698
201712 702.887 104.011 890.518
201803 59.820 105.290 74.868
201806 73.130 106.317 90.642
201809 104.685 106.507 129.522
201812 134.595 105.998 167.328
201903 89.730 107.251 110.249
201906 224.326 108.070 273.535
201909 164.505 108.329 200.110
201912 254.236 108.420 309.004
202003 -284.146 108.902 -343.831
202006 -14.955 108.767 -18.119
202009 29.910 109.815 35.892
202012 -44.865 109.897 -53.797
202103 89.730 111.754 105.806
202106 59.820 114.631 68.767
202109 44.865 115.734 51.084
202112 194.416 117.630 217.797
202203 44.865 121.301 48.739
202206 164.505 125.017 173.399
202209 -14.955 125.227 -15.737
202212 -29.910 125.222 -31.476
202303 149.550 127.348 154.750
202306 -29.910 128.729 -30.618
202309 -14.955 129.860 -15.176
202312 104.685 129.419 106.591
202403 2.656 131.776 2.656

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


Seplat Energy  (NSA:SEPLAT) 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.

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

Shiller PE Ratio=Share Price/E10
=3450.00/305.51
=11.29

* 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 Seplat Energy was 11.04. The lowest was 2.05. And the median was 4.21.


Be Aware

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


Seplat Energy E10 Related Terms

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


Seplat Energy (NSA:SEPLAT) Business Description

Traded in Other Exchanges
Address
16A Temple Road (Olu Holloway), Ikoyi, Lagos, NGA
Seplat Energy PLC formerly SEPLAT Petroleum Development Company PLC is a Nigerian independent upstream oil and gas company which focuses on production and development opportunities in Nigeria. The company has two reportable segments namely Oil and Gas. Geographically, it derives a majority of revenue from Switzerland. The company's exploration assets include OMLs 4, 38 and 41 which are located in Edo and Delta States onshore Nigeria; OPL 283 Marginal Field Area; and OML 53, which is located onshore in Imo State in the North-Eastern Niger Delta.

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