Cal Maine Foods Stock Beta
| CALM Stock | USD 97.15 0.53 0.55% |
Cal Maine Foods fundamentals help investors to digest information that contributes to Cal Maine's financial success or failures. It also enables traders to predict the movement of Cal Stock. The fundamental analysis module provides a way to measure Cal Maine'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 Cal Maine stock.
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Cal Maine Foods Company Beta Analysis
Cal Maine'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 Cal Maine Beta | -0.13 |
Most of Cal Maine'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, Cal Maine Foods 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, Cal Maine Foods has a Beta of -0.132. This is 110.73% lower than that of the Food Products sector and 126.94% lower than that of the Consumer Staples industry. The beta for all United States stocks is 12.0% lower than that of the firm.
Cal Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Cal Maine'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 Cal Maine could also be used in its relative valuation, which is a method of valuing Cal Maine by comparing valuation metrics of similar companies.Cal Maine is currently under evaluation in beta category among its peers.
As returns on the market increase, returns on owning Cal Maine are expected to decrease at a much lower rate. During the bear market, Cal Maine is likely to outperform the market.
Cal Fundamentals
| Return On Equity | 0.24 | ||||
| Return On Asset | 0.15 | ||||
| Profit Margin | 0.16 % | ||||
| Operating Margin | 0.24 % | ||||
| Current Valuation | 3.98 B | ||||
| Shares Outstanding | 44.24 M | ||||
| Shares Owned By Insiders | 8.01 % | ||||
| Shares Owned By Institutions | 90.16 % | ||||
| Number Of Shares Shorted | 2.89 M | ||||
| Price To Earning | 41.86 X | ||||
| Price To Book | 2.49 X | ||||
| Price To Sales | 1.79 X | ||||
| Revenue | 2.33 B | ||||
| Gross Profit | 337.06 M | ||||
| EBITDA | 394.33 M | ||||
| Net Income | 277.89 M | ||||
| Cash And Equivalents | 281.8 M | ||||
| Cash Per Share | 2.88 X | ||||
| Total Debt | 401.89 M | ||||
| Debt To Equity | 0 % | ||||
| Current Ratio | 3.38 X | ||||
| Book Value Per Share | 38.80 X | ||||
| Cash Flow From Operations | 454.4 M | ||||
| Short Ratio | 4.22 X | ||||
| Earnings Per Share | 8.73 X | ||||
| Price To Earnings To Growth | 0.75 X | ||||
| Target Price | 78.0 | ||||
| Number Of Employees | 2.93 K | ||||
| Beta | -0.13 | ||||
| Market Capitalization | 4.74 B | ||||
| Total Asset | 2.2 B | ||||
| Retained Earnings | 1.76 B | ||||
| Working Capital | 1.01 B | ||||
| Current Asset | 626.28 M | ||||
| Current Liabilities | 83.45 M | ||||
| Annual Yield | 0.03 % | ||||
| Five Year Return | 2.87 % | ||||
| Net Asset | 2.2 B | ||||
| Last Dividend Paid | 2.9 |
About Cal Maine Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Cal Maine Foods's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cal Maine using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cal Maine 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.
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Is Packaged Foods & Meats 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 Cal Maine. If investors know Cal 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 Cal Maine listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Cal Maine Foods is measured differently than its book value, which is the value of Cal that is recorded on the company's balance sheet. Investors also form their own opinion of Cal Maine's value that differs from its market value or its book value, called intrinsic value, which is Cal Maine'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 Cal Maine's market value can be influenced by many factors that don't directly affect Cal Maine'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 Cal Maine's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cal Maine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cal Maine'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.