Simply Good Foods Stock Beta
Simply Good Foods fundamentals help investors to digest information that contributes to Simply Good's financial success or failures. It also enables traders to predict the movement of Simply Stock. The fundamental analysis module provides a way to measure Simply Good'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 Simply Good stock.
Simply |
Simply Good Foods Company Beta Analysis
Simply Good'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 Simply Good Beta | 0.66 |
Most of Simply Good'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, Simply Good Foods 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.
CompetitionIn accordance with the recently published financial statements, Simply Good Foods has a Beta of 0.656. This is 46.67% lower than that of the Food Products sector and 40.9% lower than that of the Consumer Staples industry. The beta for all United States stocks is notably lower than that of the firm.
Simply Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Simply Good'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 Simply Good could also be used in its relative valuation, which is a method of valuing Simply Good by comparing valuation metrics of similar companies.Simply Good is currently under evaluation in beta category among its peers.
As returns on the market increase, Simply Good's returns are expected to increase less than the market. However, during the bear market, the loss of holding Simply Good is expected to be smaller as well.
Simply Fundamentals
| Return On Equity | 0.0839 | ||||
| Return On Asset | 0.0653 | ||||
| Profit Margin | 0.10 % | ||||
| Operating Margin | 0.18 % | ||||
| Current Valuation | 3.72 B | ||||
| Shares Outstanding | 101.03 M | ||||
| Shares Owned By Insiders | 8.33 % | ||||
| Shares Owned By Institutions | 95.91 % | ||||
| Number Of Shares Shorted | 3.41 M | ||||
| Price To Earning | 55.24 X | ||||
| Price To Book | 1.97 X | ||||
| Price To Sales | 2.56 X | ||||
| Revenue | 1.33 B | ||||
| Gross Profit | 536.06 M | ||||
| EBITDA | 240.06 M | ||||
| Net Income | 139.31 M | ||||
| Cash And Equivalents | 67.49 M | ||||
| Cash Per Share | 0.68 X | ||||
| Total Debt | 402.98 M | ||||
| Debt To Equity | 0.32 % | ||||
| Current Ratio | 3.44 X | ||||
| Book Value Per Share | 17.59 X | ||||
| Cash Flow From Operations | 215.7 M | ||||
| Short Ratio | 4.46 X | ||||
| Earnings Per Share | 1.41 X | ||||
| Price To Earnings To Growth | 1.76 X | ||||
| Target Price | 40.9 | ||||
| Number Of Employees | 316 | ||||
| Beta | 0.66 | ||||
| Market Capitalization | 3.49 B | ||||
| Total Asset | 2.44 B | ||||
| Retained Earnings | 487.26 M | ||||
| Working Capital | 331.67 M | ||||
| Net Asset | 2.44 B |
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Other Tools for Simply Stock
When running Simply Good's price analysis, check to measure Simply Good'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 Simply Good is operating at the current time. Most of Simply Good's value examination focuses on studying past and present price action to predict the probability of Simply Good's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Simply Good's price. Additionally, you may evaluate how the addition of Simply Good to your portfolios can decrease your overall portfolio volatility.
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