Zhende Medical Co Stock Beta
| 603301 Stock | 21.38 0.13 0.61% |
Zhende Medical Co fundamentals help investors to digest information that contributes to Zhende Medical's financial success or failures. It also enables traders to predict the movement of Zhende Stock. The fundamental analysis module provides a way to measure Zhende Medical'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 Zhende Medical stock.
Zhende | Beta |
Zhende Medical Co Company Beta Analysis
Zhende Medical'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 Zhende Medical Beta | 0.43 |
Most of Zhende Medical'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, Zhende Medical 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, Zhende Medical Co has a Beta of 0.428. This is 50.23% lower than that of the Health Care Equipment & Supplies sector and 51.36% lower than that of the Health Care industry. The beta for all China stocks is notably lower than that of the firm.
Zhende Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Zhende Medical'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 Zhende Medical could also be used in its relative valuation, which is a method of valuing Zhende Medical by comparing valuation metrics of similar companies.Zhende Medical is currently under evaluation in beta category among its peers.
As returns on the market increase, Zhende Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhende Medical is expected to be smaller as well.
Zhende Fundamentals
| Return On Equity | 0.0385 | ||||
| Return On Asset | 0.0156 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.13 % | ||||
| Current Valuation | 5.56 B | ||||
| Shares Outstanding | 266.45 M | ||||
| Shares Owned By Insiders | 61.20 % | ||||
| Shares Owned By Institutions | 9.34 % | ||||
| Price To Book | 1.02 X | ||||
| Price To Sales | 1.40 X | ||||
| Revenue | 4.13 B | ||||
| Gross Profit | 1.26 B | ||||
| EBITDA | 462.31 M | ||||
| Net Income | 198.4 M | ||||
| Total Debt | 220.14 M | ||||
| Book Value Per Share | 20.96 X | ||||
| Cash Flow From Operations | 452.11 M | ||||
| Earnings Per Share | 0.76 X | ||||
| Target Price | 28.0 | ||||
| Number Of Employees | 6.72 K | ||||
| Beta | 0.43 | ||||
| Market Capitalization | 5.68 B | ||||
| Total Asset | 7.27 B | ||||
| Retained Earnings | 3.14 B | ||||
| Working Capital | 1.55 B | ||||
| Net Asset | 7.27 B | ||||
| Last Dividend Paid | 1.25 |
About Zhende Medical Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Zhende Medical Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Zhende Medical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Zhende Medical 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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Other Information on Investing in Zhende Stock
Zhende Medical financial ratios help investors to determine whether Zhende Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Zhende with respect to the benefits of owning Zhende Medical security.