Precision Drilling P Stock Beta
| PRE1 Stock | EUR 66.00 1.50 2.33% |
PRECISION DRILLING P fundamentals help investors to digest information that contributes to PRECISION DRILLING's financial success or failures. It also enables traders to predict the movement of PRECISION Stock. The fundamental analysis module provides a way to measure PRECISION DRILLING'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 PRECISION DRILLING stock.
PRECISION |
PRECISION DRILLING P Company Beta Analysis
PRECISION DRILLING'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 PRECISION DRILLING Beta | 3.25 |
Most of PRECISION DRILLING'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, PRECISION DRILLING P 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, PRECISION DRILLING P has a Beta of 3.2511. This is 91.24% higher than that of the Energy sector and 34.34% higher than that of the Oil & Gas Drilling industry. The beta for all Germany stocks is notably lower than that of the firm.
PRECISION Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses PRECISION DRILLING'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 PRECISION DRILLING could also be used in its relative valuation, which is a method of valuing PRECISION DRILLING by comparing valuation metrics of similar companies.PRECISION DRILLING is rated below average in beta category among related companies.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, PRECISION DRILLING will likely underperform.
PRECISION Fundamentals
| Return On Equity | -0.0524 | |||
| Return On Asset | -0.0041 | |||
| Profit Margin | (0.05) % | |||
| Operating Margin | (0.01) % | |||
| Shares Outstanding | 13.52 M | |||
| Shares Owned By Insiders | 0.68 % | |||
| Shares Owned By Institutions | 54.78 % | |||
| Revenue | 1.4 B | |||
| Gross Profit | 267.7 M | |||
| EBITDA | 250.11 M | |||
| Net Income | (150.97 M) | |||
| Cash And Equivalents | 77.83 M | |||
| Cash Per Share | 5.85 X | |||
| Total Debt | 1.25 B | |||
| Debt To Equity | 0.92 % | |||
| Current Ratio | 1.99 X | |||
| Book Value Per Share | 91.21 X | |||
| Cash Flow From Operations | 166.59 M | |||
| Earnings Per Share | (10.15) X | |||
| Beta | 3.25 | |||
| Market Capitalization | 919.07 M |
About PRECISION DRILLING Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze PRECISION DRILLING P's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of PRECISION DRILLING using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of PRECISION DRILLING P 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.
Currently Active Assets on Macroaxis
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PRECISION DRILLING P. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in PRECISION Stock please use our How to Invest in PRECISION DRILLING guide.Note that the PRECISION DRILLING information on this page should be used as a complementary analysis to other PRECISION DRILLING's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for PRECISION Stock analysis
When running PRECISION DRILLING's price analysis, check to measure PRECISION DRILLING'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 PRECISION DRILLING is operating at the current time. Most of PRECISION DRILLING's value examination focuses on studying past and present price action to predict the probability of PRECISION DRILLING's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PRECISION DRILLING's price. Additionally, you may evaluate how the addition of PRECISION DRILLING to your portfolios can decrease your overall portfolio volatility.
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