Home Depot Stock Beta

HD Stock

USD 427.19 0.08 0.02%

Home Depot fundamentals help investors to digest information that contributes to Home Depot's financial success or failures. It also enables traders to predict the movement of Home Stock. The fundamental analysis module provides a way to measure Home Depot'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 Home Depot stock.

Short Long Term Debt Total Total Assets

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Home Depot Company Beta Analysis

Home Depot'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.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Home Depot Beta

1.01

Most of Home Depot'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, Home Depot is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Home Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Home Depot is extremely important. It helps to project a fair market value of Home Stock properly, considering its historical fundamentals such as Beta. Since Home Depot'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 Home Depot'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 Home Depot's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Good Will	Common Stock	Long Term Debt	Property Plant Equipment	Current Deferred Revenue	Treasury Stock	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Accumulated Depreciation	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		-0.28	0.92	0.94	0.98	0.96	0.99	0.74	0.82	0.8	0.91	0.77	0.94	0.9	0.61	-0.87	-0.81	0.81	0.84	0.78	0.52	-0.68	0.49	0.36	0.83	0.51	0.55
Total Stockholder Equity	-0.28		-0.61	-0.55	-0.43	-0.53	-0.34	-0.65	-0.55	-0.36	-0.45	0.09	-0.57	-0.16	-0.66	0.7	0.74	-0.61	-0.58	-0.51	0.2	0.52	-0.74	-0.06	-0.36	-0.08	-0.24
Net Debt	0.92	-0.61		0.99	0.96	0.99	0.94	0.84	0.88	0.75	0.92	0.59	0.99	0.8	0.73	-0.98	-0.93	0.89	0.91	0.85	0.32	-0.72	0.66	0.25	0.83	0.49	0.6
Retained Earnings	0.94	-0.55	0.99		0.96	0.98	0.95	0.8	0.86	0.71	0.94	0.62	0.99	0.8	0.68	-0.95	-0.89	0.87	0.9	0.85	0.33	-0.68	0.61	0.26	0.84	0.53	0.66
Net Receivables	0.98	-0.43	0.96	0.96		0.99	0.99	0.82	0.84	0.82	0.94	0.7	0.97	0.85	0.7	-0.93	-0.88	0.86	0.88	0.82	0.45	-0.74	0.59	0.34	0.84	0.47	0.54
Total Liab	0.96	-0.53	0.99	0.98	0.99		0.97	0.84	0.88	0.81	0.93	0.66	0.99	0.84	0.72	-0.96	-0.93	0.89	0.91	0.83	0.4	-0.75	0.65	0.34	0.83	0.47	0.55
Total Current Assets	0.99	-0.34	0.94	0.95	0.99	0.97		0.76	0.82	0.83	0.92	0.75	0.96	0.88	0.65	-0.9	-0.85	0.84	0.86	0.78	0.51	-0.73	0.53	0.36	0.83	0.53	0.51
Short Term Debt	0.74	-0.65	0.84	0.8	0.82	0.84	0.76		0.76	0.73	0.74	0.47	0.81	0.64	0.72	-0.86	-0.86	0.76	0.78	0.78	0.29	-0.71	0.76	0.19	0.61	0.14	0.36
Intangible Assets	0.82	-0.55	0.88	0.86	0.84	0.88	0.82	0.76		0.72	0.77	0.58	0.87	0.74	0.62	-0.87	-0.87	0.79	0.81	0.74	0.37	-0.7	0.59	0.22	0.65	0.31	0.44
Accounts Payable	0.8	-0.36	0.75	0.71	0.82	0.81	0.83	0.73	0.72		0.69	0.62	0.76	0.84	0.77	-0.81	-0.81	0.85	0.85	0.55	0.66	-0.77	0.6	0.32	0.66	0.3	0.15
Good Will	0.91	-0.45	0.92	0.94	0.94	0.93	0.92	0.74	0.77	0.69		0.48	0.93	0.77	0.77	-0.86	-0.8	0.83	0.81	0.86	0.19	-0.51	0.47	0.43	0.96	0.59	0.67
Common Stock	0.77	0.09	0.59	0.62	0.7	0.66	0.75	0.47	0.58	0.62	0.48		0.64	0.76	0.09	-0.54	-0.52	0.5	0.61	0.4	0.86	-0.68	0.32	0.11	0.34	0.22	0.35
Long Term Debt	0.94	-0.57	0.99	0.99	0.97	0.99	0.96	0.81	0.87	0.76	0.93	0.64		0.8	0.69	-0.97	-0.93	0.89	0.91	0.84	0.37	-0.76	0.63	0.33	0.82	0.52	0.59
Property Plant Equipment	0.9	-0.16	0.8	0.8	0.85	0.84	0.88	0.64	0.74	0.84	0.77	0.76	0.8		0.61	-0.76	-0.71	0.84	0.86	0.65	0.7	-0.57	0.4	0.28	0.77	0.52	0.51
Current Deferred Revenue	0.61	-0.66	0.73	0.68	0.7	0.72	0.65	0.72	0.62	0.77	0.77	0.09	0.69	0.61		-0.79	-0.76	0.82	0.75	0.65	0.07	-0.45	0.59	0.31	0.81	0.37	0.28
Treasury Stock	-0.87	0.7	-0.98	-0.95	-0.93	-0.96	-0.9	-0.86	-0.87	-0.81	-0.86	-0.54	-0.97	-0.76	-0.79		0.97	-0.92	-0.93	-0.79	-0.34	0.8	-0.75	-0.24	-0.77	-0.43	-0.46
Net Tangible Assets	-0.81	0.74	-0.93	-0.89	-0.88	-0.93	-0.85	-0.86	-0.87	-0.81	-0.8	-0.52	-0.93	-0.71	-0.76	0.97		-0.89	-0.9	-0.72	-0.35	0.85	-0.79	-0.33	-0.68	-0.3	-0.37
Long Term Debt Total	0.81	-0.61	0.89	0.87	0.86	0.89	0.84	0.76	0.79	0.85	0.83	0.5	0.89	0.84	0.82	-0.92	-0.89		0.98	0.74	0.45	-0.69	0.59	0.3	0.82	0.57	0.52
Capital Surpluse	0.84	-0.58	0.91	0.9	0.88	0.91	0.86	0.78	0.81	0.85	0.81	0.61	0.91	0.86	0.75	-0.93	-0.9	0.98		0.72	0.52	-0.73	0.62	0.24	0.77	0.51	0.56
Deferred Long Term Liab	0.78	-0.51	0.85	0.85	0.82	0.83	0.78	0.78	0.74	0.55	0.86	0.4	0.84	0.65	0.65	-0.79	-0.72	0.74	0.72		0.13	-0.44	0.38	0.31	0.81	0.52	0.63
Long Term Investments	0.52	0.2	0.32	0.33	0.45	0.4	0.51	0.29	0.37	0.66	0.19	0.86	0.37	0.7	0.07	-0.34	-0.35	0.45	0.52	0.13		-0.59	0.21	0.04	0.15	0.13	0.06
Accumulated Depreciation	-0.68	0.52	-0.72	-0.68	-0.74	-0.75	-0.73	-0.71	-0.7	-0.77	-0.51	-0.68	-0.76	-0.57	-0.45	0.8	0.85	-0.69	-0.73	-0.44	-0.59		-0.74	-0.22	-0.33	-0.11	-0.05
Short Long Term Debt	0.49	-0.74	0.66	0.61	0.59	0.65	0.53	0.76	0.59	0.6	0.47	0.32	0.63	0.4	0.59	-0.75	-0.79	0.59	0.62	0.38	0.21	-0.74		0.05	0.31	-0.16	0.13
Cash And Equivalents	0.36	-0.06	0.25	0.26	0.34	0.34	0.36	0.19	0.22	0.32	0.43	0.11	0.33	0.28	0.31	-0.24	-0.33	0.3	0.24	0.31	0.04	-0.22	0.05		0.44	0.35	0.09
Net Invested Capital	0.83	-0.36	0.83	0.84	0.84	0.83	0.83	0.61	0.65	0.66	0.96	0.34	0.82	0.77	0.81	-0.77	-0.68	0.82	0.77	0.81	0.15	-0.33	0.31	0.44		0.71	0.66
Net Working Capital	0.51	-0.08	0.49	0.53	0.47	0.47	0.53	0.14	0.31	0.3	0.59	0.22	0.52	0.52	0.37	-0.43	-0.3	0.57	0.51	0.52	0.13	-0.11	-0.16	0.35	0.71		0.52
Capital Stock	0.55	-0.24	0.6	0.66	0.54	0.55	0.51	0.36	0.44	0.15	0.67	0.35	0.59	0.51	0.28	-0.46	-0.37	0.52	0.56	0.63	0.06	-0.05	0.13	0.09	0.66	0.52

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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

Predict Home Depot

In accordance with the recently published financial statements, Home Depot has a Beta of 1.011. This is 20.36% higher than that of the Specialty Retail sector and significantly higher than that of the Consumer Discretionary industry. The beta for all United States stocks is notably lower than that of the firm.

Home Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Home Depot'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 Home Depot could also be used in its relative valuation, which is a method of valuing Home Depot by comparing valuation metrics of similar companies.

Home Depot is currently under evaluation in beta category among its peers.

Home Depot ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Home Depot's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Home Depot's managers, analysts, and investors.

Environmental

Governance

Social

Home Depot Institutional Holders

Institutional Holdings refers to the ownership stake in Home Depot that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Home Depot'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 Home Depot's value.

		Shares
Royal Bank Of Canada	2024-06-30	10.5 M
Wellington Management Company Llp	2024-06-30	9.9 M
Fisher Asset Management, Llc	2024-09-30	9.4 M
International Assets Investment Management, Llc	2024-09-30	8.8 M
Jpmorgan Chase & Co	2024-06-30	8.7 M
Bank Of New York Mellon Corp	2024-06-30	8.7 M
Fmr Inc	2024-09-30	8.7 M
Legal & General Group Plc	2024-06-30	8.5 M
Ubs Asset Mgmt Americas Inc	2024-09-30	8 M
Vanguard Group Inc	2024-09-30	94.9 M
Blackrock Inc	2024-06-30	71.1 M

Home Depot returns are very sensitive to returns on the market. As the market goes up or down, Home Depot is expected to follow.

Home Fundamentals

	Return On Equity	0.4
	Return On Asset	0.15
	Profit Margin	0.09 %
	Operating Margin	0.13 %
	Current Valuation	488.52 B
	Shares Outstanding	993.36 M
	Shares Owned By Insiders	0.06 %
	Shares Owned By Institutions	72.13 %
	Number Of Shares Shorted	9.68 M
	Price To Earning	19.67 X
	Price To Book	73.74 X
	Price To Sales	2.76 X
	Revenue	152.67 B
	Gross Profit	52.78 B
	EBITDA	24.94 B
	Net Income	15.14 B
	Cash And Equivalents	2.76 B
	Cash Per Share	2.42 X
	Total Debt	52.24 B
	Current Ratio	1.39 X
	Book Value Per Share	5.84 X
	Cash Flow From Operations	21.17 B
	Short Ratio	2.87 X
	Earnings Per Share	14.73 X
	Price To Earnings To Growth	5.54 X
	Target Price	428.58
	Number Of Employees	465 K
	Beta	1.01
	Market Capitalization	426.67 B
	Total Asset	76.53 B
	Retained Earnings	83.66 B
	Working Capital	7.76 B
	Current Asset	16.48 B
	Current Liabilities	12.52 B
	Annual Yield	0.02 %
	Five Year Return	2.16 %
	Net Asset	76.53 B
	Last Dividend Paid	2.25

About Home Depot Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Home Depot's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Home Depot using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Home Depot 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.

ESRT	Empire State Realty
C	Citigroup
C	Citigroup

How To Invest In Home

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Is Home Stock a good investment?

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What is Home Depot's Net Worth?

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Largest Home Improvement Retail Companies

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Largest Consumer Discretionary Distribution & Retail Companies

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Check out Home Depot Piotroski F Score and Home Depot Altman Z Score analysis.

For information on how to trade Home Stock refer to our How to Trade Home Stock guide.

You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Is Home Improvement Retail 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 Home Depot. If investors know Home 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 Home Depot 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

(0.04)

Dividend Share

2.25

Earnings Share

14.73

Revenue Per Share

156.158

Quarterly Revenue Growth

0.066

The market value of Home Depot is measured differently than its book value, which is the value of Home that is recorded on the company's balance sheet. Investors also form their own opinion of Home Depot's value that differs from its market value or its book value, called intrinsic value, which is Home Depot'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 Home Depot's market value can be influenced by many factors that don't directly affect Home Depot'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 Home Depot's value and its price as these two are different measures arrived at by different means. Investors typically determine if Home Depot is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Home Depot'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.

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Home Depot Stock Beta

Home Depot Company Beta Analysis

Beta

Covariance

Variance

Current Home Depot Beta

Home Beta Driver Correlations

Home Beta Peer Comparison

Home Depot ESG Sustainability

Home Depot Institutional Holders

Home Fundamentals

About Home Depot Fundamental Analysis

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