Sigma Lithium Resources Stock Beta
| SGML Stock | 19.43 0.97 4.75% |
Sigma Lithium Resources fundamentals help investors to digest information that contributes to Sigma Lithium's financial success or failures. It also enables traders to predict the movement of Sigma Stock. The fundamental analysis module provides a way to measure Sigma Lithium'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 Sigma Lithium stock.
Sigma | Beta |
Sigma Lithium Resources Company Beta Analysis
Sigma Lithium'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 Sigma Lithium Beta | 0.14 |
Most of Sigma Lithium'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, Sigma Lithium Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Sigma Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Sigma Lithium is extremely important. It helps to project a fair market value of Sigma Stock properly, considering its historical fundamentals such as Beta. Since Sigma Lithium'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 Sigma Lithium'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 Sigma Lithium's interrelated accounts and indicators.
Click cells to compare fundamentals
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, Sigma Lithium Resources has a Beta of 0.14. This is 83.91% lower than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The beta for all Canada stocks is 193.33% lower than that of the firm.
Sigma Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Sigma Lithium'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 Sigma Lithium could also be used in its relative valuation, which is a method of valuing Sigma Lithium by comparing valuation metrics of similar companies.Sigma Lithium is currently under evaluation in beta category among its peers.
Sigma Lithium Current Valuation Drivers
We derive many important indicators used in calculating different scores of Sigma Lithium from analyzing Sigma Lithium's financial statements. These drivers represent accounts that assess Sigma Lithium's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Sigma Lithium's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 88.1M | 133.0M | 215.9M | 3.8B | 4.5B | 4.7B | |
| Enterprise Value | 89.0M | 137.1M | 207.5M | 3.8B | 4.6B | 4.9B |
As returns on the market increase, Sigma Lithium's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sigma Lithium is expected to be smaller as well.
Sigma Fundamentals
| Return On Equity | 0.0686 | ||||
| Return On Asset | 0.086 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.12 % | ||||
| Current Valuation | 2.33 B | ||||
| Shares Outstanding | 111.83 M | ||||
| Shares Owned By Insiders | 4.43 % | ||||
| Shares Owned By Institutions | 80.81 % | ||||
| Number Of Shares Shorted | 13.34 K | ||||
| Price To Book | 14.69 X | ||||
| Price To Sales | 7.38 X | ||||
| Revenue | 181.23 M | ||||
| EBITDA | 81.44 M | ||||
| Net Income | (38.25 M) | ||||
| Total Debt | 28.91 M | ||||
| Book Value Per Share | 1.95 X | ||||
| Cash Flow From Operations | (30.79 M) | ||||
| Short Ratio | 0.61 X | ||||
| Earnings Per Share | (0.63) X | ||||
| Target Price | 26.0 | ||||
| Number Of Employees | 523 | ||||
| Beta | 0.14 | ||||
| Market Capitalization | 2.17 B | ||||
| Total Asset | 487.24 M | ||||
| Retained Earnings | (232.76 M) | ||||
| Working Capital | 20.3 M | ||||
| Net Asset | 487.24 M |
About Sigma Lithium Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Sigma Lithium Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sigma Lithium using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sigma Lithium Resources 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 Sigma Stock Analysis
When running Sigma Lithium's price analysis, check to measure Sigma Lithium'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 Sigma Lithium is operating at the current time. Most of Sigma Lithium's value examination focuses on studying past and present price action to predict the probability of Sigma Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sigma Lithium's price. Additionally, you may evaluate how the addition of Sigma Lithium to your portfolios can decrease your overall portfolio volatility.