Petkim Petrokimya Holding Anonim Sirketi

Turkey Country flag Turkey
Sector: Commodity Chemicals
Ticker: PETKM.E
ISIN: TRAPETKM91E0
Factsheet Factsheet

Levered/Unlevered Beta of Petkim Petrokimya Holding Anonim Sirketi ( PETKM.E | TUR)

Beta is a statistical measure that compares the volatility of a stock against the volatility of the broader market, which is typically measured by a reference market index. Since the market is the benchmark, the market's beta is always 1. When a stock has a beta greater than 1, it means the stock is expected to increase by more than the market in up markets and decrease more than the market in down markets. Conversely, a stock with a beta lower than 1 is expected to rise less than the market when the market is moving up , but fall less than the market when the market is moving down. Despite being rare, a stock may have a negative beta, which means the stock moves opposite the general market trend.
Petkim Petrokimya Holding Anonim Sirketi shows a Beta of N/A.
This is significantly lower than 1. The volatility of Petkim Petrokimya Holding Anonim Sirketi according to this measure is significantly lower than the market volatility.

Beta (Ref: ISE National 100)
Levered betaUnlevered beta
1-YearN/AN/A
2-YearN/AN/A
3-YearN/AN/A
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Valuation
EV/EBITDA LastEV/EBITDA(e) 2024EV/EBITDA NTM
Petkim Petrokimya Holding Anonim SiFree trialFree trialFree trial
International PeersFree trialFree trialFree trial
Commodity Chemicals7.887.657.52
ISE National 100175.468.8910.99
Turkey42.068.378.35
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Stock Perf excl. Dividends (in TRY)
PETKM.EISE National 100Rel. Perf.
Year-to-Date10.5%N/AN/A
1-Week0.9%N/AN/A
1-Month-12.3%N/AN/A
1-Year40.8%N/AN/A
3-Year219.9%N/AN/A
5-Year571.8%N/AN/A
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International Peers - Petkim Petrokimya Holding Anonim Sirketi
Company NameCtryMarket
Cap.
last (mUSD)
Petkim Petrokimya Holdi...TUR1 543
International Peers Median0.53
Braskem S.A.BRA3 376
LG Chem Ltd.KOR18 645
Sumitomo Chemical Co., ...JPN3 819
Mitsui Chemicals Inc.JPN5 709
Mitsubishi Gas Chemical...JPN3 600
GPRV Analysis
Petkim Petrokimya Ho...
Intl. Peers
U.S Patents No. 7,882,001 & 8,082,201
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Net Sales Chart
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Quotes Chart

1-Year Rebased Stock Chart

  • Petkim Petrokimya Holding Anonim Sirketi
  • ISE National 100
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Beta calculation details
The calculation divides the covariance of the stock return with the market return by the variance of the market return
thus: beta = cov(ri.rm) / var(rm) where
stock return ri = (stock price at time w / stock price at time (w-1))-1
market return rm = (index at time w / index at time (w-1))-1
E(ri) = arithmetic mean of stock returns
E(rm) = arithmetic mean of market returns
covariance cov (ri,rm) = sum [ri-E(ri))*(rm-E(rm))]/count(ri-E(ri))*count(rm-E(rm))
variance var(rm) = sum[(rm-E(rm))^2]/count(rm-E(rm))^2

About Beta

Standard beta is co-called levered, which means that it reflects the capital structure of the company (including the financial risk linked to the debt level). Unlevered beta (or ungeared beta) compares the risk of an unlevered company (i.e. with no debt in the capital structure) to the risk of the market. Unlevered beta is useful when comparing companies with different capital structures as it focuses on the equity risk. Unlevered beta is generally lower than the levered beta. However, unlevered beta could be higher than levered beta when the net debt is negative (meaning that the company has more cash than debt).
Many different betas can be calculated for a given stock. The main common variables that affect beta calculations are the time period, the reference date, the sampling frequency for closing prices and the reference index.
The calculation divides the covariance of the stock return with the market return by the variance of the market return. Beta is used very often for company valuation using the Discounted Cash Flows (DCF) method. The discount rate is calculated using the Weighted Average Cost of Capital (WACC). The WACC is essentially a blend of the cost of equity and the after-tax cost of debt. The cost of equity is usually calculated using the capital asset pricing model (CAPM), which defines the cost of equity as follows: re = rf + β × (rm - rf)
Where:
rf = Risk-free rate
β = Beta (levered)
(rm - rf) = Market risk premium.