Westpac Banking Stock Beta
Westpac Banking fundamentals help investors to digest information that contributes to Westpac Banking's financial success or failures. It also enables traders to predict the movement of Westpac Stock. The fundamental analysis module provides a way to measure Westpac Banking'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 Westpac Banking stock.
Westpac |
Westpac Banking Company Beta Analysis
Westpac Banking'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 Westpac Banking Beta | 0.84 |
Most of Westpac Banking'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, Westpac Banking 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.
CompetitionIn accordance with the recently published financial statements, Westpac Banking has a Beta of 0.84. This is 2.44% higher than that of the Financial Services sector and significantly higher than that of the Banks—Diversified industry. The beta for all United States stocks is notably lower than that of the firm.
Westpac Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Westpac Banking'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 Westpac Banking could also be used in its relative valuation, which is a method of valuing Westpac Banking by comparing valuation metrics of similar companies.Westpac Banking is currently under evaluation in beta category among its peers.
As returns on the market increase, Westpac Banking's returns are expected to increase less than the market. However, during the bear market, the loss of holding Westpac Banking is expected to be smaller as well.
Westpac Fundamentals
| Return On Equity | 7.8 | |||
| Return On Asset | 0.59 | |||
| Profit Margin | 25.02 % | |||
| Operating Margin | 49.30 % | |||
| Current Valuation | 161.61 B | |||
| Shares Outstanding | 3.67 B | |||
| Shares Owned By Institutions | 0.49 % | |||
| Number Of Shares Shorted | 276.67 K | |||
| Price To Earning | 14.31 X | |||
| Price To Book | 0.72 X | |||
| Price To Sales | 2.39 X | |||
| Revenue | 21.81 B | |||
| Gross Profit | 21.81 B | |||
| Net Income | 5.46 B | |||
| Cash And Equivalents | 108.22 B | |||
| Cash Per Share | 29.53 X | |||
| Total Debt | 211.8 B | |||
| Debt To Equity | 13.44 % | |||
| Book Value Per Share | 19.66 X | |||
| Cash Flow From Operations | 16.67 B | |||
| Short Ratio | 0.99 X | |||
| Earnings Per Share | 0.99 X | |||
| Number Of Employees | 40.14 K | |||
| Beta | 0.84 | |||
| Market Capitalization | 52.04 B | |||
| Total Asset | 191.04 B | |||
| Retained Earnings | 24.38 B | |||
| Working Capital | (552.29 B) | |||
| Current Asset | 79.49 B | |||
| Current Liabilities | 631.78 B | |||
| Z Score | -2.4 | |||
| Five Year Return | 5.84 % | |||
| Last Dividend Paid | 0.88 |
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Try AI Portfolio ArchitectCheck out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Consideration for investing in Westpac Stock
If you are still planning to invest in Westpac Banking check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Westpac Banking's history and understand the potential risks before investing.
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