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Subsea 7 (STU:SOC) E10 : €-0.22 (As of Mar. 2024)


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What is Subsea 7 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.

Subsea 7's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.083. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.22 for the trailing ten years ended in Mar. 2024.

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 Subsea 7 was 81.90% per year. The lowest was -49.30% per year. And the median was 4.30% per year.

As of today (2024-06-02), Subsea 7's current stock price is €16.70. Subsea 7's E10 for the quarter that ended in Mar. 2024 was €-0.22. Subsea 7's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Subsea 7 was 318.00. The lowest was 7.81. And the median was 17.24.


Subsea 7 E10 Historical Data

The historical data trend for Subsea 7'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.

Subsea 7 E10 Chart

Subsea 7 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 0.52 0.08 -0.01 -0.15 -0.20

Subsea 7 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 -0.17 -0.16 -0.18 -0.20 -0.22

Competitive Comparison of Subsea 7's E10

For the Oil & Gas Equipment & Services subindustry, Subsea 7'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.


Subsea 7's Shiller PE Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Subsea 7's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Subsea 7's Shiller PE Ratio falls into.



Subsea 7 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, Subsea 7'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)
=0.083/131.6000*131.6000
=0.083

Current CPI (Mar. 2024) = 131.6000.

Subsea 7 Quarterly Data

per share eps CPI Adj_EPS
201406 0.545 99.800 0.719
201409 0.442 100.000 0.582
201412 -2.368 99.900 -3.119
201503 0.407 99.600 0.538
201506 0.241 100.100 0.317
201509 0.410 100.200 0.538
201512 -1.184 100.400 -1.552
201603 0.377 100.400 0.494
201606 0.356 101.000 0.464
201609 0.392 101.500 0.508
201612 0.009 102.200 0.012
201703 0.383 102.700 0.491
201706 0.383 103.500 0.487
201709 0.285 104.300 0.360
201712 0.144 105.000 0.180
201803 -0.024 105.100 -0.030
201806 0.205 105.900 0.255
201809 0.197 106.600 0.243
201812 0.105 107.100 0.129
201903 -0.053 107.000 -0.065
201906 0.080 107.900 0.098
201909 0.136 108.400 0.165
201912 -0.396 108.500 -0.480
202003 -0.118 108.600 -0.143
202006 -2.717 108.800 -3.286
202009 -0.119 109.200 -0.143
202012 -0.279 109.400 -0.336
202103 0.008 109.700 0.010
202106 -0.033 111.400 -0.039
202109 0.128 112.400 0.150
202112 -0.009 114.700 -0.010
202203 -0.045 116.500 -0.051
202206 0.132 120.500 0.144
202209 0.010 122.300 0.011
202212 0.085 125.300 0.089
202303 -0.065 126.800 -0.067
202306 0.055 129.400 0.056
202309 0.103 130.100 0.104
202312 -0.055 130.500 -0.055
202403 0.083 131.600 0.083

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


Subsea 7  (STU:SOC) 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.

During the past 13 years, the highest Shiller P/E Ratio of Subsea 7 was 318.00. The lowest was 7.81. And the median was 17.24.


Be Aware

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


Subsea 7 E10 Related Terms

Thank you for viewing the detailed overview of Subsea 7's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Subsea 7 (STU:SOC) Business Description

Address
40 Brighton Road, Surrey, Sutton, GBR, SM2 5BN
Subsea 7 is one of the largest engineering and construction, or E&C, service providers in the offshore oil and gas industry. It provides a range of services, including subsea umbilicals, risers, and flowlines (SURF), fabrication, installation, maintenance, and heavy lifting, among many others. It's recently begun to develop expertise in renewables, particularly offshore wind farms, which require equipment and expertise similar to offshore oil and gas developments.