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Macquarie Infrastructure Holdings LLC (Macquarie Infrastructure Holdings LLC) E10 : $4.81 (As of Mar. 2022)


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What is Macquarie Infrastructure Holdings LLC 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.

Macquarie Infrastructure Holdings LLC's adjusted earnings per share data for the three months ended in Mar. 2022 was $0.120. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $4.81 for the trailing ten years ended in Mar. 2022.

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 (2024-05-06), Macquarie Infrastructure Holdings LLC's current stock price is $4.09. Macquarie Infrastructure Holdings LLC's E10 for the quarter that ended in Mar. 2022 was $4.81. Macquarie Infrastructure Holdings LLC's Shiller PE Ratio of today is 0.85.


Macquarie Infrastructure Holdings LLC E10 Historical Data

The historical data trend for Macquarie Infrastructure Holdings LLC'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.

Macquarie Infrastructure Holdings LLC E10 Chart

Macquarie Infrastructure Holdings LLC Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.58 2.25 2.82 1.56 4.69

Macquarie Infrastructure Holdings LLC Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 1.57 1.62 4.67 4.69 4.81

Competitive Comparison of Macquarie Infrastructure Holdings LLC's E10

For the Utilities - Regulated Gas subindustry, Macquarie Infrastructure Holdings LLC'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.


Macquarie Infrastructure Holdings LLC's Shiller PE Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Macquarie Infrastructure Holdings LLC's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Macquarie Infrastructure Holdings LLC's Shiller PE Ratio falls into.



Macquarie Infrastructure Holdings LLC 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, Macquarie Infrastructure Holdings LLC's adjusted earnings per share data for the three months ended in Mar. 2022 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2022 (Change)*Current CPI (Mar. 2022)
=0.12/121.3010*121.3010
=0.120

Current CPI (Mar. 2022) = 121.3010.

Macquarie Infrastructure Holdings LLC Quarterly Data

per share eps CPI Adj_EPS
201206 0.240 96.819 0.301
201209 -0.040 97.633 -0.050
201212 -0.210 96.871 -0.263
201303 0.120 98.209 0.148
201306 -0.020 98.518 -0.025
201309 0.200 98.790 0.246
201312 0.300 98.326 0.370
201403 0.360 99.695 0.438
201406 0.170 100.560 0.205
201409 13.870 100.428 16.753
201412 -0.510 99.070 -0.624
201503 -1.220 99.621 -1.486
201506 -0.800 100.684 -0.964
201509 0.130 100.392 0.157
201512 0.440 99.792 0.535
201603 0.280 100.470 0.338
201606 0.240 101.688 0.286
201609 0.510 101.861 0.607
201612 0.820 101.863 0.976
201703 0.440 102.862 0.519
201706 0.320 103.349 0.376
201709 0.480 104.136 0.559
201712 3.900 104.011 4.548
201803 0.910 105.290 1.048
201806 0.450 106.317 0.513
201809 0.250 106.507 0.285
201812 -0.010 105.998 -0.011
201903 0.790 107.251 0.893
201906 0.130 108.070 0.146
201909 0.710 108.329 0.795
201912 0.160 108.420 0.179
202003 0.130 108.902 0.145
202006 -0.090 108.767 -0.100
202009 -10.260 109.815 -11.333
202012 -0.430 109.897 -0.475
202103 0.150 111.754 0.163
202106 0.080 114.631 0.085
202109 30.490 115.734 31.957
202112 -0.240 117.630 -0.247
202203 0.120 121.301 0.120

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


Macquarie Infrastructure Holdings LLC  (NYSE:MIC) 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.

Macquarie Infrastructure Holdings LLC's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4.09/4.81
=0.85

* 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.


Be Aware

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


Macquarie Infrastructure Holdings LLC E10 Related Terms

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


Macquarie Infrastructure Holdings LLC (Macquarie Infrastructure Holdings LLC) Business Description

Traded in Other Exchanges
N/A
Address
125 West 55th Street, New York, NY, USA, 10019
Macquarie Infrastructure Holdings LLC is a diversified business company. The company's business comprises (i) Hawaii Gas, Hawaii's only government-franchised gas utility and an unregulated LPG distribution business providing gas and related services to industrial, commercial, residential, and governmental customers; (ii) controlling interests in two solar facilities on Oahu; and (iii) smaller projects collectively engaged in efforts to reduce the cost and improve the reliability and sustainability of energy in Hawaii. The company serves corporations, government agencies, and individual customers primarily in the United States.
Executives
Christopher Frost director, officer: Chief Executive Officer C/O MACQUARIE INFRASTRUCTURE CORPORATION 125 WEST 55TH STREET NEW YORK NY 10019
Nick O'neil officer: Chief Financial Officer C/O MACQUARIE INFRASTRUCTURE CORPORATION 125 WEST 55TH STREET NEW YORK NY 10019
Michael Kernan officer: General Counsel and Secretary 125 W 55TH STREET NEW YORK NY 10019
Jay Davis officer: Vice President 125 W. 55TH STREET LEVEL 15 NEW YORK NY 10019
Martin Stanley director C/O MACQUARIE INFRASTRUCTURE COMPANY LLC 125 WEST 55TH STREET NEW YORK NY 10019
Ronald Kirk director TEXAS INSTRUMENTS INCORPORATED, 12500 TI BOULEVARD MS 3999, DALLAS TX 75243
Maria S. Dreyfus director 125 WEST 55TH STREET, 15TH FLOOR, NEW YORK NY 10019
Ouma Sananikone director C/O MACQUARIE INFRASTRUCTURE COMPANY LLC, 125 WEST 55TH STREET, NEW YORK NY 10019
Henry E Lentz director ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172
Amanda M Brock director 840 GESSNER ROAD, SUITE 1400, HOUSTON TX 77024
Brown Norman H Jr director C/O MACQUARIE INFRASTRUCTURE COMPANY LLC 125 WEST 55TH STREET NEW YORK NY 10019
Mihi Llc director, 10 percent owner 125 WEST 55TH STREET, NEW YORK NY 10019
Macquarie Infrastructure Management (usa) Inc director, 10 percent owner 125 WEST 55TH STREET, 15TH FLOOR NEW YORK NY 10019
Macquarie Group Ltd 10 percent owner 50 MARTIN PLACE, SYDNEY, NSW 2000 C3 2000
Carmany George W Iii other: Former Director C/O MACQUARIE INFRASTRUCTURE COMPANY LLC 600 FIFTH AVENUE, 21ST FLOOR NEW YORK NY 10020

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