Eastern Technical Engineering Stock Beta
| ETE Stock | THB 0.94 0.02 2.17% |
Eastern Technical Engineering fundamentals help investors to digest information that contributes to Eastern Technical's financial success or failures. It also enables traders to predict the movement of Eastern Stock. The fundamental analysis module provides a way to measure Eastern Technical'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 Eastern Technical stock.
Eastern |
Eastern Technical Engineering Company Beta Analysis
Eastern Technical'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 Eastern Technical Beta | 0.85 |
Most of Eastern Technical'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, Eastern Technical Engineering 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, Eastern Technical Engineering has a Beta of 0.8455. This is 38.28% lower than that of the Industrials sector and 11.0% lower than that of the Conglomerates industry. The beta for all Thailand stocks is notably lower than that of the firm.
Eastern Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Eastern Technical'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 Eastern Technical could also be used in its relative valuation, which is a method of valuing Eastern Technical by comparing valuation metrics of similar companies.Eastern Technical is currently under evaluation in beta category among its peers.
As returns on the market increase, Eastern Technical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eastern Technical is expected to be smaller as well.
Eastern Fundamentals
| Return On Equity | -0.0035 | |||
| Return On Asset | 0.0063 | |||
| Profit Margin | (0) % | |||
| Operating Margin | 0.02 % | |||
| Current Valuation | 1.38 B | |||
| Shares Outstanding | 560 M | |||
| Shares Owned By Insiders | 64.72 % | |||
| Price To Earning | 15.47 X | |||
| Price To Book | 0.77 X | |||
| Price To Sales | 0.60 X | |||
| Revenue | 1.38 B | |||
| Gross Profit | 199.65 M | |||
| EBITDA | 122.11 M | |||
| Net Income | 26.74 M | |||
| Cash And Equivalents | 62.84 M | |||
| Cash Per Share | 0.11 X | |||
| Total Debt | 430.31 M | |||
| Debt To Equity | 126.50 % | |||
| Current Ratio | 1.39 X | |||
| Book Value Per Share | 1.57 X | |||
| Cash Flow From Operations | 236.15 M | |||
| Earnings Per Share | 0.01 X | |||
| Beta | 0.85 | |||
| Market Capitalization | 677.6 M | |||
| Total Asset | 1.87 B | |||
| Z Score | 0.6 | |||
| Annual Yield | 0.02 % | |||
| Net Asset | 1.87 B |
About Eastern Technical Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Eastern Technical Engineering's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eastern Technical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eastern Technical Engineering 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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Eastern Technical financial ratios help investors to determine whether Eastern 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 Eastern with respect to the benefits of owning Eastern Technical security.