Stoneridge Stock Beta
| SRI Stock | USD 6.86 0.13 1.93% |
Stoneridge fundamentals help investors to digest information that contributes to Stoneridge's financial success or failures. It also enables traders to predict the movement of Stoneridge Stock. The fundamental analysis module provides a way to measure Stoneridge'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 Stoneridge stock.
Stoneridge | Beta |
Stoneridge Company Beta Analysis
Stoneridge'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 Stoneridge Beta | 1.36 |
Most of Stoneridge'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, Stoneridge is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Stoneridge Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Stoneridge is extremely important. It helps to project a fair market value of Stoneridge Stock properly, considering its historical fundamentals such as Beta. Since Stoneridge'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 Stoneridge'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 Stoneridge'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, Stoneridge has a Beta of 1.359. This is 61.79% higher than that of the Automobile Components sector and 8.18% lower than that of the Consumer Discretionary industry. The beta for all United States stocks is notably lower than that of the firm.
Stoneridge Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Stoneridge'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 Stoneridge could also be used in its relative valuation, which is a method of valuing Stoneridge by comparing valuation metrics of similar companies.Stoneridge is currently under evaluation in beta category among its peers.
Stoneridge 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, Stoneridge's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Stoneridge's managers, analysts, and investors.Environmental | Governance | Social |
Stoneridge Institutional Holders
Institutional Holdings refers to the ownership stake in Stoneridge that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Stoneridge'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 Stoneridge's value.| Shares | Geode Capital Management, Llc | 2024-09-30 | 616.5 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 564.8 K | Evr Research Lp | 2024-06-30 | 545 K | Kennedy Capital Management Inc | 2024-09-30 | 482.5 K | Ranger Investment Management Lp | 2024-09-30 | 370.6 K | Raymond James Finl Svs Advisors, Inc. | 2024-09-30 | 347.7 K | Charles Schwab Investment Management Inc | 2024-09-30 | 343.2 K | American Century Companies Inc | 2024-09-30 | 303 K | Nuveen Asset Management, Llc | 2024-06-30 | 300.6 K | Thrivent Financial For Lutherans | 2024-09-30 | 3 M | Blackrock Inc | 2024-06-30 | 2.1 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Stoneridge will likely underperform.
Stoneridge Fundamentals
| Return On Equity | -0.0271 | ||||
| Return On Asset | 0.0116 | ||||
| Profit Margin | (0.01) % | ||||
| Operating Margin | 0 % | ||||
| Current Valuation | 339.34 M | ||||
| Shares Outstanding | 27.69 M | ||||
| Shares Owned By Insiders | 4.31 % | ||||
| Shares Owned By Institutions | 98.53 % | ||||
| Number Of Shares Shorted | 334.52 K | ||||
| Price To Earning | 42.67 X | ||||
| Price To Book | 0.70 X | ||||
| Price To Sales | 0.21 X | ||||
| Revenue | 975.82 M | ||||
| Gross Profit | 174.93 M | ||||
| EBITDA | 45.06 M | ||||
| Net Income | (5.18 M) | ||||
| Cash And Equivalents | 54.8 M | ||||
| Cash Per Share | 1.51 X | ||||
| Total Debt | 203.01 M | ||||
| Debt To Equity | 0.64 % | ||||
| Current Ratio | 2.19 X | ||||
| Book Value Per Share | 9.80 X | ||||
| Cash Flow From Operations | 4.95 M | ||||
| Short Ratio | 1.03 X | ||||
| Earnings Per Share | (0.27) X | ||||
| Price To Earnings To Growth | 53.46 X | ||||
| Target Price | 14.0 | ||||
| Number Of Employees | 4.85 K | ||||
| Beta | 1.36 | ||||
| Market Capitalization | 189.94 M | ||||
| Total Asset | 679.9 M | ||||
| Retained Earnings | 196.51 M | ||||
| Working Capital | 251.15 M | ||||
| Current Asset | 231.91 M | ||||
| Current Liabilities | 108.05 M | ||||
| Net Asset | 679.9 M |
About Stoneridge Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Stoneridge's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Stoneridge using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Stoneridge 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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When determining whether Stoneridge offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Stoneridge's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Stoneridge Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Stoneridge Stock:Check out Stoneridge Piotroski F Score and Stoneridge Altman Z Score analysis. For more detail on how to invest in Stoneridge Stock please use our How to Invest in Stoneridge guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Automotive Parts & Equipment 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 Stoneridge. If investors know Stoneridge 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 Stoneridge 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 1.948 | Earnings Share (0.27) | Revenue Per Share 33.364 | Quarterly Revenue Growth (0.10) | Return On Assets 0.0116 |
The market value of Stoneridge is measured differently than its book value, which is the value of Stoneridge that is recorded on the company's balance sheet. Investors also form their own opinion of Stoneridge's value that differs from its market value or its book value, called intrinsic value, which is Stoneridge'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 Stoneridge's market value can be influenced by many factors that don't directly affect Stoneridge'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 Stoneridge's value and its price as these two are different measures arrived at by different means. Investors typically determine if Stoneridge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stoneridge'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.