Primo Water Corp Stock Beta
| PRMW Stock | USD 18.85 0.11 0.59% |
Primo Water Corp fundamentals help investors to digest information that contributes to Primo Water's financial success or failures. It also enables traders to predict the movement of Primo Stock. The fundamental analysis module provides a way to measure Primo Water'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 Primo Water stock.
Primo | Beta |
Primo Water Corp Company Beta Analysis
Primo Water'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 Primo Water Beta | 1.22 |
Most of Primo Water'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, Primo Water Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Primo Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Primo Water is extremely important. It helps to project a fair market value of Primo Stock properly, considering its historical fundamentals such as Beta. Since Primo Water'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 Primo Water'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 Primo Water's interrelated accounts and indicators.
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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 |
In accordance with the recently published financial statements, Primo Water Corp has a Beta of 1.223. This indicator is about the same for the Beverages average (which is currently at 1.23) sector and significantly higher than that of the Consumer Staples industry. The beta for all United States stocks is notably lower than that of the firm.
Primo Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Primo Water'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 Primo Water could also be used in its relative valuation, which is a method of valuing Primo Water by comparing valuation metrics of similar companies.Primo Water is currently under evaluation in beta category among related companies.
Primo Water Institutional Holders
Institutional Holdings refers to the ownership stake in Primo Water that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Primo Water'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 Primo Water's value.| Shares | Wellington Management Company Llp | 2023-12-31 | 2.7 M | William Blair Investment Management, Llc | 2023-12-31 | 2.6 M | State Street Corporation | 2023-12-31 | 2.5 M | Clearline Capital Lp | 2023-12-31 | 2.5 M | Palisade Capital Management Llc | 2023-12-31 | 2.3 M | Legion Partners Asset Management, Llc | 2023-12-31 | 2.3 M | Ubs Asset Mgmt Americas Inc | 2023-12-31 | 2.3 M | Schroder Investment Management Group | 2023-12-31 | 2.1 M | Geode Capital Management, Llc | 2023-12-31 | 1.8 M | Blackrock Inc | 2023-12-31 | 12.9 M | Vanguard Group Inc | 2023-12-31 | 12.2 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Primo Water will likely underperform.
Primo Fundamentals
| Return On Equity | 0.0468 | |||
| Return On Asset | 0.028 | |||
| Profit Margin | 0.13 % | |||
| Operating Margin | 0.08 % | |||
| Current Valuation | 3.92 B | |||
| Shares Outstanding | 159.73 M | |||
| Shares Owned By Insiders | 3.05 % | |||
| Shares Owned By Institutions | 90.16 % | |||
| Number Of Shares Shorted | 1.36 M | |||
| Price To Earning | 75.39 X | |||
| Price To Book | 1.95 X | |||
| Price To Sales | 1.60 X | |||
| Revenue | 1.8 B | |||
| Gross Profit | 1.29 B | |||
| EBITDA | 363.95 M | |||
| Net Income | 64.97 M | |||
| Cash And Equivalents | 98.5 M | |||
| Cash Per Share | 0.61 X | |||
| Total Debt | 1.43 B | |||
| Debt To Equity | 1.33 % | |||
| Current Ratio | 0.78 X | |||
| Book Value Per Share | 9.04 X | |||
| Cash Flow From Operations | 356.72 M | |||
| Short Ratio | 2.12 X | |||
| Earnings Per Share | 0.40 X | |||
| Price To Earnings To Growth | 0.54 X | |||
| Target Price | 20.71 | |||
| Beta | 1.22 | |||
| Market Capitalization | 2.99 B | |||
| Total Asset | 3.5 B | |||
| Retained Earnings | 166.34 M | |||
| Working Capital | 439.8 M | |||
| Current Asset | 20.55 M | |||
| Current Liabilities | 15.91 M | |||
| Annual Yield | 0.02 % | |||
| Five Year Return | 1.68 % | |||
| Net Asset | 3.5 B | |||
| Last Dividend Paid | 0.32 |
About Primo Water Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Primo Water Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Primo Water using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Primo Water Corp 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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Complementary Tools for Primo Stock analysis
When running Primo Water's price analysis, check to measure Primo Water'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 Primo Water is operating at the current time. Most of Primo Water's value examination focuses on studying past and present price action to predict the probability of Primo Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Primo Water's price. Additionally, you may evaluate how the addition of Primo Water to your portfolios can decrease your overall portfolio volatility.
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Is Primo Water'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 Primo Water. If investors know Primo 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 Primo Water 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 2.145 | Dividend Share 0.32 | Earnings Share 0.4 | Revenue Per Share 11.112 | Quarterly Revenue Growth (0.18) |
The market value of Primo Water Corp is measured differently than its book value, which is the value of Primo that is recorded on the company's balance sheet. Investors also form their own opinion of Primo Water's value that differs from its market value or its book value, called intrinsic value, which is Primo Water'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 Primo Water's market value can be influenced by many factors that don't directly affect Primo Water'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 Primo Water's value and its price as these two are different measures arrived at by different means. Investors typically determine if Primo Water is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primo Water'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.