Provident Financial Holdings Stock Beta
| PROV Stock | USD 16.22 0.27 1.69% |
Provident Financial Holdings fundamentals help investors to digest information that contributes to Provident Financial'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 Financial'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 Financial stock.
Provident | Beta |
Provident Financial Holdings Company Beta Analysis
Provident Financial'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 Financial Beta | 0.38 |
Most of Provident Financial'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 Financial Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Provident Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Provident Financial is extremely important. It helps to project a fair market value of Provident Stock properly, considering its historical fundamentals such as Beta. Since Provident Financial's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Provident Financial's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Provident Financial's interrelated accounts and indicators.
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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 Financial Holdings has a Beta of 0.375. This is 54.27% lower than that of the Banks sector and significantly higher than that of the Financials industry. The beta for all United States stocks is notably 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 Financial'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 Financial could also be used in its relative valuation, which is a method of valuing Provident Financial by comparing valuation metrics of similar companies.Provident Financial is currently under evaluation in beta category among its peers.
Provident Financial Current Valuation Drivers
We derive many important indicators used in calculating different scores of Provident Financial from analyzing Provident Financial's financial statements. These drivers represent accounts that assess Provident Financial's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Provident Financial's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 100.1M | 128.9M | 109.8M | 91.1M | 85.3M | 90.5M | |
| Enterprise Value | 125.2M | 159.6M | 171.4M | 260.2M | 272.5M | 275.9M |
Provident Financial ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Provident Financial's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Provident Financial's managers, analysts, and investors.Environmental | Governance | Social |
Provident Financial Institutional Holders
Institutional Holdings refers to the ownership stake in Provident Financial that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Provident Financial's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Provident Financial's value.| Shares | Black Maple Capital Management Lp | 2024-09-30 | 28.6 K | Federated Hermes Inc | 2024-09-30 | 25.8 K | Empowered Funds, Llc | 2024-06-30 | 24.5 K | State Street Corp | 2024-06-30 | 22.2 K | Northern Trust Corp | 2024-09-30 | 21 K | Talbot Financial | 2024-09-30 | 17.9 K | Royal Bank Of Canada | 2024-06-30 | 15.5 K | Bank Of New York Mellon Corp | 2024-06-30 | 13.6 K | Bank Of America Corp | 2024-06-30 | 6 K | M3f, Inc. | 2024-09-30 | 500 K | Dimensional Fund Advisors, Inc. | 2024-09-30 | 485 K |
As returns on the market increase, Provident Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Provident Financial is expected to be smaller as well.
Provident Fundamentals
| Return On Equity | 0.0579 | ||||
| Return On Asset | 0.0058 | ||||
| Profit Margin | 0.19 % | ||||
| Operating Margin | 0.28 % | ||||
| Current Valuation | 312.75 M | ||||
| Shares Outstanding | 6.76 M | ||||
| Shares Owned By Insiders | 18.52 % | ||||
| Shares Owned By Institutions | 48.56 % | ||||
| Number Of Shares Shorted | 22.66 K | ||||
| Price To Earning | 18.75 X | ||||
| Price To Book | 0.85 X | ||||
| Price To Sales | 2.76 X | ||||
| Revenue | 38.93 M | ||||
| Gross Profit | 38.77 M | ||||
| EBITDA | 13.54 M | ||||
| Net Income | 7.35 M | ||||
| Cash And Equivalents | 38.9 M | ||||
| Cash Per Share | 5.38 X | ||||
| Total Debt | 238.5 M | ||||
| Debt To Equity | 7.78 % | ||||
| Book Value Per Share | 19.15 X | ||||
| Cash Flow From Operations | 5.68 M | ||||
| Short Ratio | 2.54 X | ||||
| Earnings Per Share | 1.09 X | ||||
| Price To Earnings To Growth | (1.69) X | ||||
| Target Price | 16.25 | ||||
| Number Of Employees | 94 | ||||
| Beta | 0.38 | ||||
| Market Capitalization | 109.7 M | ||||
| Total Asset | 1.27 B | ||||
| Retained Earnings | 209.91 M | ||||
| Annual Yield | 0.03 % | ||||
| Five Year Return | 3.33 % | ||||
| Net Asset | 1.27 B | ||||
| Last Dividend Paid | 0.56 |
About Provident Financial Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Provident Financial Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Provident Financial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Provident Financial Holdings 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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Additional Tools for Provident Stock Analysis
When running Provident Financial's price analysis, check to measure Provident Financial'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 Provident Financial is operating at the current time. Most of Provident Financial's value examination focuses on studying past and present price action to predict the probability of Provident Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Provident Financial's price. Additionally, you may evaluate how the addition of Provident Financial to your portfolios can decrease your overall portfolio volatility.