Stevanato Group Spa Stock Beta
| STVN Stock | USD 19.92 0.27 1.37% |
Stevanato Group SpA fundamentals help investors to digest information that contributes to Stevanato Group's financial success or failures. It also enables traders to predict the movement of Stevanato Stock. The fundamental analysis module provides a way to measure Stevanato Group'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 Stevanato Group stock.
Stevanato | Beta |
Stevanato Group SpA Company Beta Analysis
Stevanato Group'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 Stevanato Group Beta | 0.58 |
Most of Stevanato Group'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, Stevanato Group SpA is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Stevanato Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Stevanato Group is extremely important. It helps to project a fair market value of Stevanato Stock properly, considering its historical fundamentals such as Beta. Since Stevanato Group'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 Stevanato Group'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 Stevanato Group'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.
| Competition |
In accordance with the recently published financial statements, Stevanato Group SpA has a Beta of 0.584. This is 32.09% lower than that of the Health Care Equipment & Supplies sector and 33.64% lower than that of the Health Care industry. The beta for all United States stocks is notably lower than that of the firm.
Stevanato Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Stevanato Group'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 Stevanato Group could also be used in its relative valuation, which is a method of valuing Stevanato Group by comparing valuation metrics of similar companies.Stevanato Group is currently under evaluation in beta category among its peers.
Stevanato Group 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, Stevanato Group's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Stevanato Group's managers, analysts, and investors.Environmental | Governance | Social |
Stevanato Group Institutional Holders
Institutional Holdings refers to the ownership stake in Stevanato Group that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Stevanato Group'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 Stevanato Group's value.| Shares | Timessquare Capital Management, Llc | 2024-09-30 | 1.5 M | Alliancebernstein L.p. | 2024-06-30 | 1.5 M | Ameriprise Financial Inc | 2024-06-30 | 1.3 M | Deutsche Bank Ag | 2024-06-30 | 1.3 M | Riverbridge Partners Llc | 2024-09-30 | 1.1 M | Fred Alger Management, Llc | 2024-09-30 | 1.1 M | Pembroke Management Ltd | 2024-09-30 | 1.1 M | Teacher Retirement System Of Texas | 2024-09-30 | 800 K | Grandeur Peak Global Advisors, Llc | 2024-09-30 | 799.2 K | Conestoga Capital Advisors, Llc | 2024-09-30 | 7.7 M | Neuberger Berman Group Llc | 2024-06-30 | 4.6 M |
As returns on the market increase, Stevanato Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Stevanato Group is expected to be smaller as well.
Stevanato Fundamentals
| Return On Equity | 0.0948 | ||||
| Return On Asset | 0.0497 | ||||
| Profit Margin | 0.10 % | ||||
| Operating Margin | 0.15 % | ||||
| Current Valuation | 5.73 B | ||||
| Shares Outstanding | 49.6 M | ||||
| Shares Owned By Insiders | 2.04 % | ||||
| Shares Owned By Institutions | 97.96 % | ||||
| Number Of Shares Shorted | 4.49 M | ||||
| Price To Earning | 29.70 X | ||||
| Price To Book | 3.92 X | ||||
| Price To Sales | 4.97 X | ||||
| Revenue | 1.09 B | ||||
| Gross Profit | 319.8 M | ||||
| EBITDA | 272.35 M | ||||
| Net Income | 189.55 M | ||||
| Cash And Equivalents | 292.66 M | ||||
| Cash Per Share | 1.11 X | ||||
| Total Debt | 396.59 M | ||||
| Debt To Equity | 0.25 % | ||||
| Current Ratio | 2.00 X | ||||
| Book Value Per Share | 4.84 X | ||||
| Cash Flow From Operations | 105.21 M | ||||
| Short Ratio | 7.99 X | ||||
| Earnings Per Share | 0.45 X | ||||
| Price To Earnings To Growth | 3.57 X | ||||
| Target Price | 26.22 | ||||
| Number Of Employees | 5.63 K | ||||
| Beta | 0.58 | ||||
| Market Capitalization | 5.44 B | ||||
| Total Asset | 2.07 B | ||||
| Retained Earnings | 757.78 M | ||||
| Working Capital | 287.5 M | ||||
| Annual Yield | 0 % | ||||
| Net Asset | 2.07 B | ||||
| Last Dividend Paid | 0.053 |
About Stevanato Group Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Stevanato Group SpA's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Stevanato Group using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Stevanato Group SpA 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.
Pair Trading with Stevanato Group
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Stevanato Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Stevanato Group will appreciate offsetting losses from the drop in the long position's value.Moving against Stevanato Stock
The ability to find closely correlated positions to Stevanato Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stevanato Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Stevanato Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Stevanato Group SpA to buy it.
The correlation of Stevanato Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Stevanato Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stevanato Group SpA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Stevanato Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Stevanato Group Piotroski F Score and Stevanato Group Altman Z Score analysis. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Stevanato Group. If investors know Stevanato will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Stevanato Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.21) | Dividend Share 0.053 | Earnings Share 0.45 | Revenue Per Share 4.063 | Quarterly Revenue Growth 0.024 |
The market value of Stevanato Group SpA is measured differently than its book value, which is the value of Stevanato that is recorded on the company's balance sheet. Investors also form their own opinion of Stevanato Group's value that differs from its market value or its book value, called intrinsic value, which is Stevanato Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Stevanato Group's market value can be influenced by many factors that don't directly affect Stevanato Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Stevanato Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Stevanato Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stevanato Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.