Friedman Industries Stock Beta
| FRD Stock | USD 15.89 0.56 3.40% |
Friedman Industries fundamentals help investors to digest information that contributes to Friedman Industries' financial success or failures. It also enables traders to predict the movement of Friedman Stock. The fundamental analysis module provides a way to measure Friedman Industries' 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 Friedman Industries stock.
Friedman |
Friedman Industries Company Beta Analysis
Friedman Industries' 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 Friedman Industries Beta | 1.39 |
Most of Friedman Industries' 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, Friedman Industries 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.
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In accordance with the recently published financial statements, Friedman Industries has a Beta of 1.385. This is 59.2% higher than that of the Metals & Mining sector and 31.09% lower than that of the Materials industry. The beta for all United States stocks is notably lower than that of the firm.
Friedman Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Friedman Industries' 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 Friedman Industries could also be used in its relative valuation, which is a method of valuing Friedman Industries by comparing valuation metrics of similar companies.Friedman Industries is currently under evaluation in beta category among its peers.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Friedman Industries will likely underperform.
Friedman Fundamentals
| Return On Equity | 0.0629 | ||||
| Return On Asset | 0.0325 | ||||
| Profit Margin | 0.02 % | ||||
| Operating Margin | 0.22 % | ||||
| Current Valuation | 150.81 M | ||||
| Shares Outstanding | 6.97 M | ||||
| Shares Owned By Insiders | 4.79 % | ||||
| Shares Owned By Institutions | 48.97 % | ||||
| Number Of Shares Shorted | 4.04 K | ||||
| Price To Earning | 3.63 X | ||||
| Price To Book | 0.89 X | ||||
| Price To Sales | 0.24 X | ||||
| Revenue | 516.25 M | ||||
| Gross Profit | 40.99 M | ||||
| EBITDA | 29.46 M | ||||
| Net Income | 17.34 M | ||||
| Cash And Equivalents | 2.41 M | ||||
| Cash Per Share | 0.33 X | ||||
| Total Debt | 43.13 M | ||||
| Debt To Equity | 1.01 % | ||||
| Current Ratio | 3.78 X | ||||
| Book Value Per Share | 18.48 X | ||||
| Cash Flow From Operations | 4.98 M | ||||
| Short Ratio | 0.38 X | ||||
| Earnings Per Share | 1.10 X | ||||
| Number Of Employees | 268 | ||||
| Beta | 1.39 | ||||
| Market Capitalization | 114.6 M | ||||
| Total Asset | 230.02 M | ||||
| Retained Earnings | 96.28 M | ||||
| Working Capital | 115.96 M | ||||
| Current Asset | 49.7 M | ||||
| Current Liabilities | 2.87 M | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 1.40 % | ||||
| Net Asset | 230.02 M | ||||
| Last Dividend Paid | 0.14 |
About Friedman Industries Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Friedman Industries's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Friedman Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Friedman Industries 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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Friedman Industries is a strong investment it is important to analyze Friedman Industries' 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 Friedman Industries' future performance. For an informed investment choice regarding Friedman Stock, refer to the following important reports:Check out Friedman Industries Piotroski F Score and Friedman Industries Altman Z Score analysis. For information on how to trade Friedman Stock refer to our How to Trade Friedman Stock guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Metals & Mining 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 Friedman Industries. If investors know Friedman 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 Friedman Industries 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 Friedman Industries is measured differently than its book value, which is the value of Friedman that is recorded on the company's balance sheet. Investors also form their own opinion of Friedman Industries' value that differs from its market value or its book value, called intrinsic value, which is Friedman Industries' 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 Friedman Industries' market value can be influenced by many factors that don't directly affect Friedman Industries' 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 Friedman Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Friedman Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Friedman Industries' 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.