Westbridge Energy Stock Beta
| WEB Stock | CAD 0.81 0.01 1.22% |
Westbridge Energy fundamentals help investors to digest information that contributes to Westbridge Energy's financial success or failures. It also enables traders to predict the movement of Westbridge Stock. The fundamental analysis module provides a way to measure Westbridge Energy'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 Westbridge Energy stock.
Westbridge | Beta |
Westbridge Energy Company Beta Analysis
Westbridge Energy'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 Westbridge Energy Beta | 0.52 |
Most of Westbridge Energy'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, Westbridge Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Westbridge Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Westbridge Energy is extremely important. It helps to project a fair market value of Westbridge Stock properly, considering its historical fundamentals such as Beta. Since Westbridge Energy'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 Westbridge Energy'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 Westbridge Energy'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, Westbridge Energy has a Beta of 0.521. This is 69.35% lower than that of the Independent Power and Renewable Electricity Producers sector and 66.17% lower than that of the Utilities industry. The beta for all Canada stocks is notably lower than that of the firm.
Westbridge Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Westbridge Energy'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 Westbridge Energy could also be used in its relative valuation, which is a method of valuing Westbridge Energy by comparing valuation metrics of similar companies.Westbridge Energy is currently under evaluation in beta category among its peers.
Westbridge Energy Current Valuation Drivers
We derive many important indicators used in calculating different scores of Westbridge Energy from analyzing Westbridge Energy's financial statements. These drivers represent accounts that assess Westbridge Energy's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Westbridge Energy's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 693.2K | 561.7K | 1.1M | 36.8M | 1.0M | 964.6K | |
| Enterprise Value | 683.5K | 553.2K | 737.4K | 35.6M | 663.6K | 630.4K |
As returns on the market increase, Westbridge Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Westbridge Energy is expected to be smaller as well.
Westbridge Fundamentals
| Return On Equity | 1.95 | ||||
| Return On Asset | -0.11 | ||||
| Current Valuation | 96.2 M | ||||
| Shares Outstanding | 101.49 M | ||||
| Shares Owned By Insiders | 32.02 % | ||||
| Number Of Shares Shorted | 9.13 K | ||||
| Price To Earning | (1.82) X | ||||
| Price To Book | 2.78 X | ||||
| EBITDA | (3.56 M) | ||||
| Net Income | (3.08 M) | ||||
| Cash And Equivalents | 16.23 K | ||||
| Total Debt | 37.21 M | ||||
| Current Ratio | 0.03 X | ||||
| Book Value Per Share | 0.29 X | ||||
| Cash Flow From Operations | (2.01 M) | ||||
| Short Ratio | 0.27 X | ||||
| Earnings Per Share | 0.32 X | ||||
| Target Price | 2.4 | ||||
| Beta | 0.52 | ||||
| Market Capitalization | 83.23 M | ||||
| Total Asset | 57.81 M | ||||
| Retained Earnings | (9.11 M) | ||||
| Working Capital | (12.39 M) | ||||
| Annual Yield | 0.12 % | ||||
| Net Asset | 57.81 M |
About Westbridge Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Westbridge Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Westbridge Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Westbridge Energy 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 Westbridge Stock Analysis
When running Westbridge Energy's price analysis, check to measure Westbridge Energy'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 Westbridge Energy is operating at the current time. Most of Westbridge Energy's value examination focuses on studying past and present price action to predict the probability of Westbridge Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westbridge Energy's price. Additionally, you may evaluate how the addition of Westbridge Energy to your portfolios can decrease your overall portfolio volatility.