First Steamship Co Stock Beta
| 2601 Stock | TWD 7.76 0.14 1.77% |
First Steamship Co fundamentals help investors to digest information that contributes to First Steamship's financial success or failures. It also enables traders to predict the movement of First Stock. The fundamental analysis module provides a way to measure First Steamship's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to First Steamship stock.
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First Steamship Co Company Beta Analysis
First Steamship's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current First Steamship Beta | 0.71 |
Most of First Steamship's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, First Steamship Co is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, First Steamship Co has a Beta of 0.7141. This is 47.88% lower than that of the Marine sector and 8.45% lower than that of the Industrials industry. The beta for all Taiwan stocks is notably lower than that of the firm.
First Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses First Steamship's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of First Steamship could also be used in its relative valuation, which is a method of valuing First Steamship by comparing valuation metrics of similar companies.First Steamship is currently under evaluation in beta category among its peers.
As returns on the market increase, First Steamship's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Steamship is expected to be smaller as well.
First Fundamentals
| Return On Equity | -0.0079 | |||
| Return On Asset | 0.0126 | |||
| Profit Margin | 0.02 % | |||
| Operating Margin | 0.11 % | |||
| Current Valuation | 23.73 B | |||
| Shares Outstanding | 824.78 M | |||
| Shares Owned By Insiders | 12.03 % | |||
| Shares Owned By Institutions | 5.68 % | |||
| Price To Earning | 6.20 X | |||
| Price To Book | 0.68 X | |||
| Price To Sales | 1.11 X | |||
| Revenue | 6.93 B | |||
| Gross Profit | 4.44 B | |||
| EBITDA | 2.98 B | |||
| Net Income | 151.87 M | |||
| Cash And Equivalents | 4.99 B | |||
| Cash Per Share | 7.91 X | |||
| Total Debt | 4.93 B | |||
| Debt To Equity | 152.90 % | |||
| Current Ratio | 0.95 X | |||
| Book Value Per Share | 13.32 X | |||
| Cash Flow From Operations | 2.55 B | |||
| Earnings Per Share | 0.13 X | |||
| Target Price | 66.2 | |||
| Number Of Employees | 27 | |||
| Beta | 0.71 | |||
| Market Capitalization | 6.94 B | |||
| Total Asset | 38.99 B | |||
| Retained Earnings | 745 M | |||
| Working Capital | 1.76 B | |||
| Current Asset | 13.95 B | |||
| Current Liabilities | 12.18 B | |||
| Z Score | 0.6 | |||
| Annual Yield | 0.03 % | |||
| Five Year Return | 2.18 % | |||
| Net Asset | 38.99 B |
About First Steamship Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze First Steamship Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of First Steamship using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of First Steamship Co based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for First Stock Analysis
When running First Steamship's price analysis, check to measure First Steamship's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Steamship is operating at the current time. Most of First Steamship's value examination focuses on studying past and present price action to predict the probability of First Steamship's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Steamship's price. Additionally, you may evaluate how the addition of First Steamship to your portfolios can decrease your overall portfolio volatility.