Alltek Technology Corp Stock Beta
| 3209 Stock | TWD 34.50 0.20 0.58% |
Alltek Technology Corp fundamentals help investors to digest information that contributes to Alltek Technology's financial success or failures. It also enables traders to predict the movement of Alltek Stock. The fundamental analysis module provides a way to measure Alltek Technology'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 Alltek Technology stock.
Alltek |
Alltek Technology Corp Company Beta Analysis
Alltek Technology'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 Alltek Technology Beta | 0.66 |
Most of Alltek Technology'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, Alltek Technology Corp 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.
| Competition |
In accordance with the recently published financial statements, Alltek Technology Corp has a Beta of 0.6599. This is 37.75% lower than that of the Electronic Equipment, Instruments & Components sector and 79.12% lower than that of the Information Technology industry. The beta for all Taiwan stocks is notably lower than that of the firm.
Alltek Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Alltek Technology'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 Alltek Technology could also be used in its relative valuation, which is a method of valuing Alltek Technology by comparing valuation metrics of similar companies.Alltek Technology is currently under evaluation in beta category among its peers.
As returns on the market increase, Alltek Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alltek Technology is expected to be smaller as well.
Alltek Fundamentals
| Return On Equity | 0.26 | |||
| Return On Asset | 0.0374 | |||
| Profit Margin | 0.02 % | |||
| Operating Margin | 0.02 % | |||
| Current Valuation | 11.04 B | |||
| Shares Outstanding | 216.58 M | |||
| Shares Owned By Insiders | 19.44 % | |||
| Shares Owned By Institutions | 2.21 % | |||
| Price To Earning | 13.90 X | |||
| Price To Book | 2.07 X | |||
| Price To Sales | 0.14 X | |||
| Revenue | 47.13 B | |||
| Gross Profit | 2.45 B | |||
| EBITDA | 1.16 B | |||
| Net Income | 812.41 M | |||
| Cash And Equivalents | 838.68 M | |||
| Cash Per Share | 3.87 X | |||
| Total Debt | 186.82 M | |||
| Debt To Equity | 1.39 % | |||
| Current Ratio | 1.26 X | |||
| Book Value Per Share | 20.32 X | |||
| Cash Flow From Operations | (293.73 M) | |||
| Earnings Per Share | 5.05 X | |||
| Number Of Employees | 20 | |||
| Beta | 0.66 | |||
| Market Capitalization | 8.94 B | |||
| Total Asset | 15.78 B | |||
| Retained Earnings | 471 M | |||
| Working Capital | 1.89 B | |||
| Current Asset | 9.67 B | |||
| Current Liabilities | 7.79 B | |||
| Z Score | 30.2 | |||
| Annual Yield | 0.06 % | |||
| Five Year Return | 5.00 % | |||
| Net Asset | 15.78 B | |||
| Last Dividend Paid | 2.22 |
About Alltek Technology Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Alltek Technology Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alltek Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alltek Technology Corp 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 Alltek Stock Analysis
When running Alltek Technology's price analysis, check to measure Alltek Technology'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 Alltek Technology is operating at the current time. Most of Alltek Technology's value examination focuses on studying past and present price action to predict the probability of Alltek Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alltek Technology's price. Additionally, you may evaluate how the addition of Alltek Technology to your portfolios can decrease your overall portfolio volatility.