Skyline Stock Beta

SKY Stock

USD 102.10 2.02 2.02%

Skyline fundamentals help investors to digest information that contributes to Skyline's financial success or failures. It also enables traders to predict the movement of Skyline Stock. The fundamental analysis module provides a way to measure Skyline'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 Skyline stock.

Total Stockholder Equity Total Current Liabilities

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Skyline Company Beta Analysis

Skyline'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.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Skyline Beta

1.59

Most of Skyline'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, Skyline is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Skyline Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Skyline is extremely important. It helps to project a fair market value of Skyline Stock properly, considering its historical fundamentals such as Beta. Since Skyline'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 Skyline'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 Skyline's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Accounts Payable	Common Stock	Net Tangible Assets	Capital Surpluse	Treasury Stock	Accumulated Depreciation	Property Plant Equipment	Long Term Investments	Long Term Debt	Good Will	Long Term Debt Total	Deferred Long Term Liab	Short Long Term Debt	Short Term Debt	Intangible Assets	Current Deferred Revenue	Net Invested Capital	Net Working Capital	Cash And Equivalents	Capital Stock
Total Assets		0.99	-0.81	0.86	0.74	0.95	0.98	0.79	0.88	0.97	0.92	0.7	-0.31	0.99	-0.76	0.3	0.97	0.15	-0.47	0.96	0.83	0.94	0.88	0.93	0.87	0.95	0.66
Total Stockholder Equity	0.99		-0.84	0.9	0.69	0.91	0.98	0.74	0.84	0.99	0.89	0.71	-0.35	0.97	-0.76	0.21	0.95	0.06	-0.4	0.98	0.79	0.91	0.86	0.93	0.88	0.97	0.68
Net Debt	-0.81	-0.84		-0.78	-0.72	-0.68	-0.91	-0.66	-0.7	-0.84	-0.72	-0.34	0.05	-0.79	0.37	0.01	-0.68	0.08	0.17	-0.8	-0.42	-0.66	-0.85	-0.85	-0.97	-0.83	-0.36
Retained Earnings	0.86	0.9	-0.78		0.39	0.67	0.84	0.44	0.54	0.95	0.61	0.78	-0.52	0.78	-0.78	-0.15	0.77	-0.31	-0.06	0.92	0.65	0.67	0.65	0.77	0.78	0.97	0.73
Net Receivables	0.74	0.69	-0.72	0.39		0.82	0.8	0.94	0.83	0.62	0.81	0.25	0.13	0.77	-0.21	0.41	0.69	0.38	-0.5	0.57	0.6	0.75	0.92	0.83	0.79	0.55	0.08
Total Liab	0.95	0.91	-0.68	0.67	0.82		0.92	0.9	0.91	0.86	0.94	0.61	-0.2	0.97	-0.7	0.52	0.95	0.39	-0.64	0.84	0.88	0.95	0.89	0.89	0.77	0.81	0.57
Total Current Assets	0.98	0.98	-0.91	0.84	0.8	0.92		0.82	0.86	0.96	0.89	0.58	-0.21	0.97	-0.64	0.24	0.9	0.12	-0.42	0.92	0.74	0.88	0.93	0.94	0.94	0.93	0.57
Accounts Payable	0.79	0.74	-0.66	0.44	0.94	0.9	0.82		0.85	0.67	0.85	0.31	0.04	0.82	-0.4	0.45	0.77	0.38	-0.59	0.6	0.77	0.82	0.9	0.78	0.71	0.6	0.31
Common Stock	0.88	0.84	-0.7	0.54	0.83	0.91	0.86	0.85		0.76	0.99	0.42	-0.06	0.92	-0.51	0.51	0.92	0.41	-0.66	0.79	0.72	0.96	0.86	0.86	0.77	0.71	0.42
Net Tangible Assets	0.97	0.99	-0.84	0.95	0.62	0.86	0.96	0.67	0.76		0.82	0.74	-0.4	0.94	-0.78	0.13	0.91	-0.03	-0.32	0.98	0.76	0.85	0.82	0.9	0.87	0.99	0.71
Capital Surpluse	0.92	0.89	-0.72	0.61	0.81	0.94	0.89	0.85	0.99	0.82		0.51	-0.13	0.95	-0.59	0.47	0.95	0.36	-0.64	0.84	0.77	0.98	0.87	0.89	0.79	0.77	0.49
Treasury Stock	0.7	0.71	-0.34	0.78	0.25	0.61	0.58	0.31	0.42	0.74	0.51		-0.6	0.64	-0.8	0.05	0.73	-0.12	-0.16	0.75	0.76	0.63	0.46	0.65	0.44	0.76	0.61
Accumulated Depreciation	-0.31	-0.35	0.05	-0.52	0.13	-0.2	-0.21	0.04	-0.06	-0.4	-0.13	-0.6		-0.25	0.63	0.18	-0.34	0.31	-0.2	-0.42	-0.38	-0.24	-0.02	-0.15	-0.06	-0.44	-0.61
Property Plant Equipment	0.99	0.97	-0.79	0.78	0.77	0.97	0.97	0.82	0.92	0.94	0.95	0.64	-0.25		-0.71	0.41	0.97	0.27	-0.55	0.93	0.81	0.96	0.9	0.93	0.85	0.9	0.62
Long Term Investments	-0.76	-0.76	0.37	-0.78	-0.21	-0.7	-0.64	-0.4	-0.51	-0.78	-0.59	-0.8	0.63	-0.71		-0.16	-0.78	0.04	0.37	-0.79	-0.81	-0.7	-0.43	-0.53	-0.41	-0.8	-0.93
Long Term Debt	0.3	0.21	0.01	-0.15	0.41	0.52	0.24	0.45	0.51	0.13	0.47	0.05	0.18	0.41	-0.16		0.37	0.98	-0.76	0.18	0.32	0.43	0.29	0.29	0.12	0.04	0.07
Good Will	0.97	0.95	-0.68	0.77	0.69	0.95	0.9	0.77	0.92	0.91	0.95	0.73	-0.34	0.97	-0.78	0.37		0.22	-0.56	0.93	0.88	0.99	0.82	0.89	0.75	0.88	0.67
Long Term Debt Total	0.15	0.06	0.08	-0.31	0.38	0.39	0.12	0.38	0.41	-0.03	0.36	-0.12	0.31	0.27	0.04	0.98	0.22		-0.7	0.02	0.16	0.29	0.21	0.18	0.05	-0.12	-0.12
Deferred Long Term Liab	-0.47	-0.4	0.17	-0.06	-0.5	-0.64	-0.42	-0.59	-0.66	-0.32	-0.64	-0.16	-0.2	-0.55	0.37	-0.76	-0.56	-0.7		-0.34	-0.55	-0.62	-0.45	-0.42	-0.27	-0.25	-0.26
Short Long Term Debt	0.96	0.98	-0.8	0.92	0.57	0.84	0.92	0.6	0.79	0.98	0.84	0.75	-0.42	0.93	-0.79	0.18	0.93	0.02	-0.34		0.72	0.87	0.76	0.89	0.84	0.97	0.71
Short Term Debt	0.83	0.79	-0.42	0.65	0.6	0.88	0.74	0.77	0.72	0.76	0.77	0.76	-0.38	0.81	-0.81	0.32	0.88	0.16	-0.55	0.72		0.86	0.7	0.7	0.5	0.74	0.67
Intangible Assets	0.94	0.91	-0.66	0.67	0.75	0.95	0.88	0.82	0.96	0.85	0.98	0.63	-0.24	0.96	-0.7	0.43	0.99	0.29	-0.62	0.87	0.86		0.85	0.87	0.74	0.81	0.59
Current Deferred Revenue	0.88	0.86	-0.85	0.65	0.92	0.89	0.93	0.9	0.86	0.82	0.87	0.46	-0.02	0.9	-0.43	0.29	0.82	0.21	-0.45	0.76	0.7	0.85		0.94	0.9	0.77	0.3
Net Invested Capital	0.93	0.93	-0.85	0.77	0.83	0.89	0.94	0.78	0.86	0.9	0.89	0.65	-0.15	0.93	-0.53	0.29	0.89	0.18	-0.42	0.89	0.7	0.87	0.94		0.93	0.87	0.37
Net Working Capital	0.87	0.88	-0.97	0.78	0.79	0.77	0.94	0.71	0.77	0.87	0.79	0.44	-0.06	0.85	-0.41	0.12	0.75	0.05	-0.27	0.84	0.5	0.74	0.9	0.93		0.85	0.33
Cash And Equivalents	0.95	0.97	-0.83	0.97	0.55	0.81	0.93	0.6	0.71	0.99	0.77	0.76	-0.44	0.9	-0.8	0.04	0.88	-0.12	-0.25	0.97	0.74	0.81	0.77	0.87	0.85		0.73
Capital Stock	0.66	0.68	-0.36	0.73	0.08	0.57	0.57	0.31	0.42	0.71	0.49	0.61	-0.61	0.62	-0.93	0.07	0.67	-0.12	-0.26	0.71	0.67	0.59	0.3	0.37	0.33	0.73

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

Predict Skyline

In accordance with the recently published financial statements, Skyline has a Beta of 1.589. This is 89.17% higher than that of the Household Durables sector and 55.78% higher than that of the Consumer Discretionary industry. The beta for all United States stocks is notably lower than that of the firm.

Skyline Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Skyline'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 Skyline could also be used in its relative valuation, which is a method of valuing Skyline by comparing valuation metrics of similar companies.

Skyline is currently under evaluation in beta category among its peers.

Skyline 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, Skyline's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Skyline's managers, analysts, and investors.

Environmental

Governance

Social

Skyline Institutional Holders

Institutional Holdings refers to the ownership stake in Skyline that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Skyline'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 Skyline's value.

		Shares
Dimensional Fund Advisors, Inc.	2024-09-30	1.3 M
Geode Capital Management, Llc	2024-09-30	1.2 M
Wasatch Advisors Lp	2024-09-30	1.1 M
William Blair Investment Management, Llc	2024-09-30	1.1 M
Alliancebernstein L.p.	2024-06-30	1 M
Vaughan Nelson Scarbrgh & Mccullough Lp	2024-06-30	844.4 K
Silvercrest Asset Management Group Llc	2024-06-30	792 K
Burgundy Asset Management Ltd	2024-09-30	786.1 K
Charles Schwab Investment Management Inc	2024-09-30	640 K
Wellington Management Company Llp	2024-06-30	7.8 M
Vanguard Group Inc	2024-09-30	5.1 M

As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Skyline will likely underperform.

Skyline Fundamentals

	Return On Equity	0.11
	Return On Asset	0.0629
	Profit Margin	0.06 %
	Operating Margin	0.11 %
	Current Valuation	5.4 B
	Shares Outstanding	57.4 M
	Shares Owned By Insiders	1.61 %
	Shares Owned By Institutions	98.39 %
	Number Of Shares Shorted	753.06 K
	Price To Earning	49.48 X
	Price To Book	3.93 X
	Price To Sales	2.50 X
	Revenue	2.02 B
	Gross Profit	818.68 M
	EBITDA	210.12 M
	Net Income	146.7 M
	Cash And Equivalents	747.45 M
	Cash Per Share	8.15 X
	Total Debt	154.7 M
	Debt To Equity	0.05 %
	Current Ratio	2.45 X
	Book Value Per Share	26.00 X
	Cash Flow From Operations	222.7 M
	Short Ratio	2.16 X
	Earnings Per Share	2.58 X
	Target Price	92.33
	Number Of Employees	9 K
	Beta	1.59
	Market Capitalization	5.86 B
	Total Asset	1.92 B
	Retained Earnings	866.49 M
	Working Capital	528.7 M
	Current Asset	35.82 M
	Current Liabilities	18.03 M
	Net Asset	1.92 B

About Skyline Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Skyline's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Skyline using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Skyline 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 Skyline Stock Analysis

When running Skyline's price analysis, check to measure Skyline'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 Skyline is operating at the current time. Most of Skyline's value examination focuses on studying past and present price action to predict the probability of Skyline's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skyline's price. Additionally, you may evaluate how the addition of Skyline to your portfolios can decrease your overall portfolio volatility.

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