Simply Good Foods Stock Beta
| SMPL Stock | USD 37.34 0.31 0.84% |
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 | Beta |
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 | 0.68 |
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.
Simply Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Simply Good is extremely important. It helps to project a fair market value of Simply Stock properly, considering its historical fundamentals such as Beta. Since Simply Good'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 Simply Good'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 Simply Good's interrelated accounts and indicators.
Click cells to compare fundamentals
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, Simply Good Foods has a Beta of 0.68. This is 44.72% lower than that of the Food Products sector and 38.74% 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 related companies.
Simply Good Institutional Holders
Institutional Holdings refers to the ownership stake in Simply Good that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Simply Good'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 Simply Good's value.| Shares | Geode Capital Management, Llc | 2023-12-31 | 2 M | Principal Financial Group Inc | 2023-12-31 | 1.9 M | Loomis, Sayles & Company Lp | 2023-12-31 | 1.9 M | Brown Advisory Holdings Inc | 2023-12-31 | 1.9 M | Amvescap Plc. | 2023-12-31 | 1.8 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.4 M | Congress Asset Management Company, Llp | 2024-03-31 | 1.3 M | Goldman Sachs Group Inc | 2023-12-31 | 1.3 M | Franklin Resources Inc | 2023-12-31 | 1.2 M | Blackrock Inc | 2023-12-31 | 13.9 M | Vanguard Group Inc | 2023-12-31 | 10.9 M |
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 | 0.0897 | |||
| Return On Asset | 0.0629 | |||
| Profit Margin | 0.11 % | |||
| Operating Margin | 0.15 % | |||
| Current Valuation | 3.88 B | |||
| Shares Outstanding | 99.99 M | |||
| Shares Owned By Insiders | 8.46 % | |||
| Shares Owned By Institutions | 90.10 % | |||
| Number Of Shares Shorted | 2.27 M | |||
| Price To Earning | 55.24 X | |||
| Price To Book | 1.94 X | |||
| Price To Sales | 2.52 X | |||
| Revenue | 1.24 B | |||
| Gross Profit | 445.56 M | |||
| EBITDA | 233.09 M | |||
| Net Income | 133.57 M | |||
| Cash And Equivalents | 67.49 M | |||
| Cash Per Share | 0.68 X | |||
| Total Debt | 289.36 M | |||
| Debt To Equity | 0.32 % | |||
| Current Ratio | 3.44 X | |||
| Book Value Per Share | 16.48 X | |||
| Cash Flow From Operations | 171.12 M | |||
| Short Ratio | 1.96 X | |||
| Earnings Per Share | 1.39 X | |||
| Price To Earnings To Growth | 1.76 X | |||
| Target Price | 40.0 | |||
| Number Of Employees | 271 | |||
| Beta | 0.68 | |||
| Market Capitalization | 3.73 B | |||
| Total Asset | 2.1 B | |||
| Retained Earnings | 347.96 M | |||
| Working Capital | 281.8 M | |||
| Net Asset | 2.1 B |
About Simply Good Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Simply Good Foods's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Simply Good using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Simply Good Foods 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
When determining whether Simply Good Foods is a strong investment it is important to analyze Simply Good's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Simply Good's future performance. For an informed investment choice regarding Simply Stock, refer to the following important reports:Check out Simply Good Piotroski F Score and Simply Good Altman Z Score analysis. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Simply Stock analysis
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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Is Simply Good's industry 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 Simply Good. If investors know Simply 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 Simply Good 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 0.32 | Earnings Share 1.39 | Revenue Per Share 12.705 | Quarterly Revenue Growth 0.053 | Return On Assets 0.0629 |
The market value of Simply Good Foods is measured differently than its book value, which is the value of Simply that is recorded on the company's balance sheet. Investors also form their own opinion of Simply Good's value that differs from its market value or its book value, called intrinsic value, which is Simply Good'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 Simply Good's market value can be influenced by many factors that don't directly affect Simply Good'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 Simply Good's value and its price as these two are different measures arrived at by different means. Investors typically determine if Simply Good is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Simply Good'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.