Provident Agro Tbk Stock Beta
| PALM Stock | IDR 398.00 2.00 0.51% |
Provident Agro Tbk fundamentals help investors to digest information that contributes to Provident Agro's financial success or failures. It also enables traders to predict the movement of Provident Stock. The fundamental analysis module provides a way to measure Provident Agro'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 Provident Agro stock.
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Provident Agro Tbk Company Beta Analysis
Provident Agro'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 Provident Agro Beta | 0.12 |
Most of Provident Agro'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, Provident Agro Tbk 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.
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In accordance with the recently published financial statements, Provident Agro Tbk has a Beta of 0.1241. This is 89.91% lower than that of the Food Products sector and 74.67% lower than that of the Consumer Staples industry. The beta for all Indonesia stocks is 182.73% lower than that of the firm.
Provident Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Provident Agro'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 Provident Agro could also be used in its relative valuation, which is a method of valuing Provident Agro by comparing valuation metrics of similar companies.Provident Agro is currently under evaluation in beta category among its peers.
As returns on the market increase, Provident Agro's returns are expected to increase less than the market. However, during the bear market, the loss of holding Provident Agro is expected to be smaller as well.
Provident Fundamentals
| Return On Equity | 0.38 | |||
| Return On Asset | -0.0143 | |||
| Operating Margin | 3.01 % | |||
| Current Valuation | 4.07 T | |||
| Shares Outstanding | 7.08 B | |||
| Shares Owned By Insiders | 65.30 % | |||
| Price To Book | 0.82 X | |||
| Price To Sales | 93.29 X | |||
| Revenue | 316.69 B | |||
| Gross Profit | 160.04 B | |||
| EBITDA | 2.08 T | |||
| Net Income | 2.01 T | |||
| Cash And Equivalents | 38.99 B | |||
| Cash Per Share | 5.51 X | |||
| Debt To Equity | 11.50 % | |||
| Current Ratio | 0.62 X | |||
| Book Value Per Share | 783.55 X | |||
| Cash Flow From Operations | 144.53 B | |||
| Earnings Per Share | 258.07 X | |||
| Number Of Employees | 20 | |||
| Beta | 0.12 | |||
| Market Capitalization | 4.95 T | |||
| Total Asset | 5.87 T | |||
| Annual Yield | 0.06 % | |||
| Net Asset | 5.87 T | |||
| Last Dividend Paid | 43.0 |
About Provident Agro Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Provident Agro Tbk's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Provident Agro using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Provident Agro Tbk 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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Provident Agro financial ratios help investors to determine whether Provident 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 Provident with respect to the benefits of owning Provident Agro security.