Ibc Advanced Alloys Stock Beta
IB Stock | CAD 0.09 0.01 10.00% |
IBC Advanced Alloys fundamentals help investors to digest information that contributes to IBC Advanced's financial success or failures. It also enables traders to predict the movement of IBC Stock. The fundamental analysis module provides a way to measure IBC Advanced'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 IBC Advanced stock.
IBC | Beta |
IBC Beta Analysis
IBC Advanced'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.
More About Beta | All Equity Analysis
2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 3.0M | 1.5M | 1.8M | 2.2M | Total Assets | 27.6M | 28.3M | 32.6M | 22.4M |
Beta | = | CovarianceVariance |
Current IBC Advanced Beta | 0.87 |
Most of IBC Advanced'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, IBC Advanced Alloys is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
IBC Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for IBC Advanced is extremely important. It helps to project a fair market value of IBC Stock properly, considering its historical fundamentals such as Beta. Since IBC Advanced'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 IBC Advanced'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 IBC Advanced'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, IBC Advanced Alloys has a Beta of 0.866. This is 36.79% lower than that of the Machinery sector and 42.65% lower than that of the Industrials industry. The beta for all Canada stocks is notably lower than that of the firm.
IBC Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses IBC Advanced'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 IBC Advanced could also be used in its relative valuation, which is a method of valuing IBC Advanced by comparing valuation metrics of similar companies.IBC Advanced is currently under evaluation in beta category among related companies.
IBC Advanced returns are very sensitive to returns on the market. As the market goes up or down, IBC Advanced is expected to follow.
IBC Fundamentals
Return On Equity | -0.82 | |||
Return On Asset | -0.0187 | |||
Profit Margin | (0.12) % | |||
Operating Margin | 0.16 % | |||
Current Valuation | 29.98 M | |||
Shares Outstanding | 106.73 M | |||
Shares Owned By Insiders | 21.53 % | |||
Number Of Shares Shorted | 59.12 K | |||
Price To Earning | (2.50) X | |||
Price To Book | 2.47 X | |||
Price To Sales | 0.32 X | |||
Revenue | 28.55 M | |||
Gross Profit | 5.54 M | |||
EBITDA | (333 K) | |||
Net Income | (5.93 M) | |||
Cash And Equivalents | 798 K | |||
Cash Per Share | 0.02 X | |||
Total Debt | 11.16 M | |||
Debt To Equity | 111.30 % | |||
Current Ratio | 0.99 X | |||
Book Value Per Share | 0.03 X | |||
Cash Flow From Operations | (1.43 M) | |||
Short Ratio | 0.24 X | |||
Earnings Per Share | (0.04) X | |||
Target Price | 0.9 | |||
Beta | 0.87 | |||
Market Capitalization | 10.14 M | |||
Total Asset | 28.32 M | |||
Retained Earnings | (69.68 M) | |||
Working Capital | (7.18 M) | |||
Z Score | -2.24 | |||
Net Asset | 28.32 M |
About IBC Advanced Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze IBC Advanced Alloys's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IBC Advanced using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of IBC Advanced Alloys 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.IBC Advanced Alloys Corp. develops, produces, and sells specialty alloy products in North America, Europe, and Asia. IBC Advanced Alloys Corp. was incorporated in 2002 and is headquartered in Franklin, Indiana. IBC ADVANCED operates under Metal Fabrication classification in Canada and is traded on TSX Venture Exchange. It employs 75 people.
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When running IBC Advanced's price analysis, check to measure IBC Advanced'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 IBC Advanced is operating at the current time. Most of IBC Advanced's value examination focuses on studying past and present price action to predict the probability of IBC Advanced's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IBC Advanced's price. Additionally, you may evaluate how the addition of IBC Advanced to your portfolios can decrease your overall portfolio volatility.
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