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Delta (NSE:DELTACORP) E10 : ₹5.31 (As of Mar. 2024)


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What is Delta 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.

Delta's adjusted earnings per share data for the three months ended in Mar. 2024 was ₹2.700. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹5.31 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Delta's average E10 Growth Rate was 18.80% per year. During the past 3 years, the average E10 Growth Rate was -8.10% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Delta was -8.10% per year. The lowest was -14.60% per year. And the median was -11.35% per year.

As of today (2024-05-27), Delta's current stock price is ₹117.05. Delta's E10 for the quarter that ended in Mar. 2024 was ₹5.31. Delta's Shiller PE Ratio of today is 22.04.

During the past 13 years, the highest Shiller PE Ratio of Delta was 94.89. The lowest was 9.44. And the median was 39.47.


Delta E10 Historical Data

The historical data trend for Delta'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.

Delta E10 Chart

Delta Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.15 6.86 3.51 4.47 5.31

Delta 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 4.47 4.73 4.99 5.02 5.31

Competitive Comparison of Delta's E10

For the Resorts & Casinos subindustry, Delta'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.


Delta's Shiller PE Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Delta's Shiller PE Ratio distribution charts can be found below:

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



Delta 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, Delta'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)
=2.7/153.0345*153.0345
=2.700

Current CPI (Mar. 2024) = 153.0345.

Delta Quarterly Data

per share eps CPI Adj_EPS
201406 -0.860 94.103 -1.399
201409 -0.160 96.780 -0.253
201412 -0.020 96.780 -0.032
201503 0.040 97.163 0.063
201506 -0.040 99.841 -0.061
201509 0.180 101.753 0.271
201512 0.320 102.901 0.476
201603 1.210 102.518 1.806
201606 0.870 105.961 1.256
201609 1.400 105.961 2.022
201612 0.440 105.196 0.640
201703 0.490 105.196 0.713
201706 0.900 107.109 1.286
201709 1.680 109.021 2.358
201712 1.710 109.404 2.392
201803 1.720 109.786 2.398
201806 1.540 111.317 2.117
201809 1.790 115.142 2.379
201812 1.880 115.142 2.499
201903 2.090 118.202 2.706
201906 1.570 120.880 1.988
201909 2.180 123.175 2.708
201912 2.030 126.235 2.461
202003 1.070 124.705 1.313
202006 -1.050 127.000 -1.265
202009 -2.050 130.118 -2.411
202012 0.050 130.889 0.058
202103 2.160 131.771 2.509
202106 -1.080 134.084 -1.233
202109 -0.850 135.847 -0.958
202112 2.620 138.161 2.902
202203 1.790 138.822 1.973
202206 2.130 142.347 2.290
202209 2.530 144.661 2.676
202212 3.160 145.763 3.318
202303 1.910 146.865 1.990
202306 2.530 150.280 2.576
202309 2.590 151.492 2.616
202312 1.290 152.924 1.291
202403 2.700 153.035 2.700

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


Delta  (NSE:DELTACORP) 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.

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

Shiller PE Ratio=Share Price/E10
=117.05/5.31
=22.04

* 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 Delta was 94.89. The lowest was 9.44. And the median was 39.47.


Be Aware

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


Delta E10 Related Terms

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


Delta (NSE:DELTACORP) Business Description

Traded in Other Exchanges
Address
Tardeo Road, Haji Ali, 2nd Floor, Bayside Mall, Opposite Sobo Central Mall, Mumbai, MH, IND, 400 034
Delta Corp Ltd is engaged in the casino and gaming industry in India. The company's operating segment includes Gaming, Online Skill Gaming, and Hospitality. It generates maximum revenue from the Gaming segment. Geographically, it derives a majority of its revenue from India.

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