Emeren Group Stock Beta
SOL Stock | USD 1.69 0.10 6.29% |
Emeren Group fundamentals help investors to digest information that contributes to Emeren's financial success or failures. It also enables traders to predict the movement of Emeren Stock. The fundamental analysis module provides a way to measure Emeren'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 Emeren stock.
Emeren | Beta |
Emeren Group Company Beta Analysis
Emeren'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 Emeren Beta | 1.8 |
Most of Emeren'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, Emeren Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Emeren Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Emeren is extremely important. It helps to project a fair market value of Emeren Stock properly, considering its historical fundamentals such as Beta. Since Emeren'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 Emeren'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 Emeren'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, Emeren Group has a Beta of 1.797. This is 69.53% higher than that of the Construction & Engineering sector and 17.45% higher than that of the Industrials industry. The beta for all United States stocks is notably lower than that of the firm.
Emeren Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Emeren'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 Emeren could also be used in its relative valuation, which is a method of valuing Emeren by comparing valuation metrics of similar companies.Emeren is currently under evaluation in beta category among related companies.
Emeren Current Valuation Drivers
We derive many important indicators used in calculating different scores of Emeren from analyzing Emeren's financial statements. These drivers represent accounts that assess Emeren's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Emeren's important valuation drivers and their relationship over time.
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Market Cap | 57.4M | 562.0M | 410.7M | 293.5M | 15.4M | 14.7M | |
Enterprise Value | 154.4M | 637.0M | 214.5M | 256.9M | 4.2M | 4.0M |
Emeren Institutional Holders
Institutional Holdings refers to the ownership stake in Emeren that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Emeren'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 Emeren's value.Shares | Hrt Financial Llc | 2023-12-31 | 138.3 K | Walleye Trading Advisors, Llc | 2023-12-31 | 136.3 K | Cubist Systematic Strategies, Llc | 2023-12-31 | 109.2 K | Janney Montgomery Scott Llc | 2023-12-31 | 103.5 K | Mitsubishi Ufj Asset Management Co.,ltd | 2023-12-31 | 71.6 K | Goldman Sachs Group Inc | 2023-12-31 | 63.1 K | Simplex Trading, Llc | 2023-12-31 | 56.5 K | State Street Corporation | 2023-12-31 | 53.8 K | Harel Insurance Invests & Fin Srvcs Ltd | 2023-12-31 | 46.7 K | Shah Capital Management | 2023-12-31 | 18.6 M | Legal & General Group Plc | 2023-12-31 | 1.6 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Emeren will likely underperform.
Emeren Fundamentals
Return On Equity | -0.0314 | ||||
Return On Asset | -0.0104 | ||||
Profit Margin | (0.09) % | ||||
Operating Margin | (0.14) % | ||||
Current Valuation | 904.13 M | ||||
Shares Outstanding | 57.28 M | ||||
Shares Owned By Insiders | 0.90 % | ||||
Shares Owned By Institutions | 44.86 % | ||||
Number Of Shares Shorted | 1.84 M | ||||
Price To Earning | 65.61 X | ||||
Price To Book | 0.36 X | ||||
Price To Sales | 1.10 X | ||||
Revenue | 104.67 M | ||||
Gross Profit | 24.48 M | ||||
EBITDA | (606 K) | ||||
Net Income | (9.32 M) | ||||
Cash And Equivalents | 107.1 M | ||||
Cash Per Share | 3.11 X | ||||
Total Debt | 58.91 M | ||||
Debt To Equity | 0.11 % | ||||
Current Ratio | 9.17 X | ||||
Book Value Per Share | 5.91 X | ||||
Cash Flow From Operations | (27.8 M) | ||||
Short Ratio | 3.05 X | ||||
Earnings Per Share | 0.10 X | ||||
Price To Earnings To Growth | 0.75 X | ||||
Target Price | 5.5 | ||||
Beta | 1.8 | ||||
Market Capitalization | 91.08 M | ||||
Total Asset | 478.01 M | ||||
Retained Earnings | (446.7 M) | ||||
Working Capital | 184.3 M | ||||
Current Asset | 637.75 M | ||||
Current Liabilities | 1.1 B | ||||
Net Asset | 478.01 M |
About Emeren Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Emeren Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Emeren using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Emeren Group 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Emeren in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Emeren's short interest history, or implied volatility extrapolated from Emeren options trading.
Currently Active Assets on Macroaxis
When determining whether Emeren Group is a strong investment it is important to analyze Emeren'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 Emeren's future performance. For an informed investment choice regarding Emeren Stock, refer to the following important reports:Check out Emeren Piotroski F Score and Emeren Altman Z Score analysis. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Emeren Stock analysis
When running Emeren's price analysis, check to measure Emeren'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 Emeren is operating at the current time. Most of Emeren's value examination focuses on studying past and present price action to predict the probability of Emeren's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Emeren's price. Additionally, you may evaluate how the addition of Emeren to your portfolios can decrease your overall portfolio volatility.
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
FinTech Suite Use AI to screen and filter profitable investment opportunities | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |
Is Emeren'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 Emeren. If investors know Emeren 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 Emeren 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 3.42 | Earnings Share 0.1 | Revenue Per Share 1.852 | Quarterly Revenue Growth 1.128 | Return On Assets (0.01) |
The market value of Emeren Group is measured differently than its book value, which is the value of Emeren that is recorded on the company's balance sheet. Investors also form their own opinion of Emeren's value that differs from its market value or its book value, called intrinsic value, which is Emeren'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 Emeren's market value can be influenced by many factors that don't directly affect Emeren'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 Emeren's value and its price as these two are different measures arrived at by different means. Investors typically determine if Emeren is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Emeren'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.