Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co., Ltd. (Formerly Wuhu Shunrong Auto Parts Co Ltd)

China (People China (People's Republic)
Sector: Auto Parts
Ticker: 002555
ISIN: CNE1000010N2
Factsheet Factsheet

Levered/Unlevered Beta of Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co., Ltd. ( 002555 | CHN)

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.
Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co., Ltd. shows a Beta of 1.52.
This is higher than 1. The volatility of Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co., Ltd. according to this measure is higher than the market volatility.

Beta (Ref: SSE Composite)
Levered betaUnlevered beta
1-Year1.521.53
2-Year0.860.87
3-Year0.970.98
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Valuation
EV/EBITDA LastEV/EBITDA(e) 2021EV/EBITDA NTM
Wuhu Shunrong Sanqi Interactive EntFree trialFree trialFree trial
International PeersFree trialFree trialFree trial
Auto Parts9.907.386.25
SSE Composite17.7212.0110.30
China (People's Republic)23.7216.2813.21
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Stock Perf excl. Dividends (in CNY)
002555SSE CompositeRel. Perf.
Year-to-Date-24.9%2.6%-27.5%
1-Week-6.8%-0.7%-6.1%
1-Month-7.5%0.5%-7.9%
1-Year-18.1%5.1%-23.1%
3-Year96.2%37.7%58.5%
5-Year24.9%9.7%15.3%
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International Peers - Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co., Ltd.
Company NameCtryMarket
Cap.
last (mUSD)
Wuhu Shunrong Sanqi Int...CHN8 168
International Peers Median1.14
HUAYU Automotive System...CHN12 645
Faurecia SAFRA5 984
Tokai Rika Co., Ltd.JPN1 213
Magna International Inc...CAN23 309
Autoliv Inc.USA8 357
GPRV Analysis
Wuhu Shunrong Sanqi ...
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

  • Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co., Ltd.
  • SSE Composite
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Did you know ?

Infront Analytics' Beta calculator allows you to define your input parameters for custom beta calculations.
The beta calculator offers additional flexibility, such as:
- Reference index: apply the same reference index for all companies in your list regardless of their country.
- Sampling frequency: choose between a weekly or a monthly sampling frequency for the closing prices.
- Debt for unlevered beta: choose the type of debt to be used for unlevered beta calculations.
- Additional beta statistics: calculate R-squared and T-value.

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.