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Harel Mallac and Co (XMAU:HML) E10 : MUR3.77 (As of Dec. 2023)


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What is Harel Mallac and Co 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.

Harel Mallac and Co's adjusted earnings per share data for the three months ended in Dec. 2023 was MUR12.018. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MUR3.77 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Harel Mallac and Co's average E10 Growth Rate was 216.80% 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.

As of today (2024-05-26), Harel Mallac and Co's current stock price is MUR25.00. Harel Mallac and Co's E10 for the quarter that ended in Dec. 2023 was MUR3.77. Harel Mallac and Co's Shiller PE Ratio of today is 6.63.

During the past 13 years, the highest Shiller PE Ratio of Harel Mallac and Co was 32.35. The lowest was 6.63. And the median was 11.42.


Harel Mallac and Co E10 Historical Data

The historical data trend for Harel Mallac and Co'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.

Harel Mallac and Co E10 Chart

Harel Mallac and Co 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 - - - 1.19 3.77

Harel Mallac and Co 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 1.19 2.47 2.28 2.46 3.77

Competitive Comparison of Harel Mallac and Co's E10

For the Conglomerates subindustry, Harel Mallac and Co'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.


Harel Mallac and Co's Shiller PE Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Harel Mallac and Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Harel Mallac and Co's Shiller PE Ratio falls into.



Harel Mallac and Co 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, Harel Mallac and Co'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)
=12.018/129.4194*129.4194
=12.018

Current CPI (Dec. 2023) = 129.4194.

Harel Mallac and Co Quarterly Data

per share eps CPI Adj_EPS
201403 -3.360 99.695 -4.362
201406 -1.390 100.560 -1.789
201409 10.920 100.428 14.072
201412 2.920 99.070 3.815
201503 -0.610 99.621 -0.792
201506 -0.015 100.684 -0.019
201509 -1.450 100.392 -1.869
201512 3.187 99.792 4.133
201603 -0.012 100.470 -0.015
201606 -1.530 101.688 -1.947
201609 0.007 101.861 0.009
201612 -1.018 101.863 -1.293
201703 -2.710 102.862 -3.410
201706 0.040 103.349 0.050
201709 4.030 104.136 5.008
201712 8.780 104.011 10.925
201803 -0.007 105.290 -0.009
201806 0.470 106.317 0.572
201809 0.980 106.507 1.191
201812 -1.850 105.998 -2.259
201903 -0.031 107.251 -0.037
201906 -3.470 108.070 -4.156
201909 -0.360 108.329 -0.430
201912 -0.620 108.420 -0.740
202003 -0.071 108.902 -0.084
202006 -0.061 108.767 -0.073
202009 -0.081 109.815 -0.095
202012 -4.446 109.897 -5.236
202103 -0.025 111.754 -0.029
202106 -0.036 114.631 -0.041
202109 -0.034 115.734 -0.038
202112 7.359 117.630 8.097
202203 -0.001 121.301 -0.001
202206 0.001 125.017 0.001
202209 0.059 125.227 0.061
202212 6.220 125.222 6.429
202303 0.003 127.348 0.003
202306 0.020 128.729 0.020
202309 0.014 129.860 0.014
202312 12.018 129.419 12.018

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


Harel Mallac and Co  (XMAU:HML) 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.

Harel Mallac and Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=25.00/3.77
=6.63

* 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 Harel Mallac and Co was 32.35. The lowest was 6.63. And the median was 11.42.


Be Aware

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


Harel Mallac and Co E10 Related Terms

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


Harel Mallac and Co (XMAU:HML) Business Description

Traded in Other Exchanges
N/A
Address
18, Edith Cavell Street, Port Louis, MUS, 11302
Harel Mallac and Co Ltd is an investment holding company. The company's operating segments include investment and corporate; technology; chemicals and equipment and systems. The company generates maximum revenue from the chemicals segment. Geographically, the company derives a majority of its revenue from Mauritius.

Harel Mallac and Co (XMAU:HML) Headlines

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