Novatek Microelectronics Corp Stock Beta
| 3034 Stock | TWD 483.50 2.50 0.52% |
Novatek Microelectronics Corp fundamentals help investors to digest information that contributes to Novatek Microelectronics' financial success or failures. It also enables traders to predict the movement of Novatek Stock. The fundamental analysis module provides a way to measure Novatek Microelectronics' 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 Novatek Microelectronics stock.
Novatek |
Novatek Microelectronics Corp Company Beta Analysis
Novatek Microelectronics' 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 Novatek Microelectronics Beta | 1.12 |
Most of Novatek Microelectronics' 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, Novatek Microelectronics Corp 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, Novatek Microelectronics Corp has a Beta of 1.1151. This is 5.2% higher than that of the Semiconductors & Semiconductor Equipment sector and 2.3% higher than that of the Information Technology industry. The beta for all Taiwan stocks is notably lower than that of the firm.
Novatek Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Novatek Microelectronics' 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 Novatek Microelectronics could also be used in its relative valuation, which is a method of valuing Novatek Microelectronics by comparing valuation metrics of similar companies.Novatek Microelectronics is rated third in beta category among its peers.
Novatek Microelectronics returns are very sensitive to returns on the market. As the market goes up or down, Novatek Microelectronics is expected to follow.
Novatek Fundamentals
| Return On Equity | 0.42 | |||
| Return On Asset | 0.26 | |||
| Profit Margin | 0.25 % | |||
| Operating Margin | 0.30 % | |||
| Current Valuation | 144.82 B | |||
| Shares Outstanding | 608.51 M | |||
| Shares Owned By Insiders | 5.10 % | |||
| Shares Owned By Institutions | 40.90 % | |||
| Price To Earning | 13.01 X | |||
| Price To Book | 3.05 X | |||
| Price To Sales | 1.54 X | |||
| Revenue | 135.37 B | |||
| Gross Profit | 50.94 B | |||
| EBITDA | 49.24 B | |||
| Net Income | 38.87 B | |||
| Cash And Equivalents | 20.45 B | |||
| Cash Per Share | 33.60 X | |||
| Total Debt | 293.66 M | |||
| Debt To Equity | 1.00 % | |||
| Current Ratio | 2.06 X | |||
| Book Value Per Share | 100.74 X | |||
| Cash Flow From Operations | 41.72 B | |||
| Earnings Per Share | 57.16 X | |||
| Price To Earnings To Growth | 2.12 X | |||
| Target Price | 371.06 | |||
| Number Of Employees | 30 | |||
| Beta | 1.12 | |||
| Market Capitalization | 242.49 B | |||
| Total Asset | 120.59 B | |||
| Retained Earnings | 20.21 B | |||
| Working Capital | 24.02 B | |||
| Current Asset | 34.22 B | |||
| Current Liabilities | 10.2 B | |||
| Annual Yield | 0.14 % | |||
| Five Year Return | 6.09 % | |||
| Net Asset | 120.59 B |
About Novatek Microelectronics Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Novatek Microelectronics Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Novatek Microelectronics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Novatek Microelectronics Corp 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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When running Novatek Microelectronics' price analysis, check to measure Novatek Microelectronics' 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 Novatek Microelectronics is operating at the current time. Most of Novatek Microelectronics' value examination focuses on studying past and present price action to predict the probability of Novatek Microelectronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novatek Microelectronics' price. Additionally, you may evaluate how the addition of Novatek Microelectronics to your portfolios can decrease your overall portfolio volatility.