Core Laboratories Beta

CLB
 Stock
  

USD 21.68  0.55  2.60%   

Core Laboratories NV fundamentals help investors to digest information that contributes to Core Laboratories' financial success or failures. It also enables traders to predict the movement of Core Laboratories Stock. The fundamental analysis module provides a way to measure Core Laboratories' 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 Core Laboratories stock.
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Core Laboratories Beta Analysis

Core Laboratories' 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 will be 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.
 2019 2020 2021 2022 (projected)
Interest Expense14.69 M14.37 M9.15 M11.44 M
Gross Profit172.63 M112.5 M102.36 M157.06 M
Beta 
 = 
Covariance 
Variance 
More About Beta | All Equity Analysis

Current Core Laboratories Beta

    
  2.63  
Most of Core Laboratories' 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, Core Laboratories NV is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Core Laboratories Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Core Laboratories is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Beta. Since Core Laboratories' 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 Core Laboratories' 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 Core Laboratories' interrelated accounts and indicators.
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.
Compare to competition

In accordance with the recently published financial statements, Core Laboratories NV has a Beta of 2.6315. This is 54.79% higher than that of the Energy Equipment & Services sector and 45.39% higher than that of the Energy industry. The beta for all United States stocks is notably lower than that of the firm.

Core Laboratories Current Valuation Drivers

We derive many important indicators used in calculating different scores of Core Laboratories from analyzing Core Laboratories' financial statements. These drivers represent accounts that assess Core Laboratories' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Core Laboratories' important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Average Assets582.93 M629.33 M783.91 M605.11 M587.5 M674.84 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA136.63 M141.39 M126.99 M(56.5 M)63.29 M64.95 M
Earnings Before Interest Taxes and Depreciation Amortization USD136.63 M141.39 M126.99 M(56.5 M)63.29 M64.95 M
Earnings before Tax101.37 M104.97 M89.69 M(91.74 M)35.62 M36.56 M
Average Equity147.78 M153.9 M184.88 M66.74 M151.23 M138.05 M
Enterprise Value5.06 B2.92 B2.03 B1.5 B1.27 B1.3 B
Free Cash Flow105.82 M89.78 M67.97 M47.22 M23.4 M24.02 M
Invested Capital508.38 M590.47 M802.9 M683.97 M615.05 M677.71 M
Invested Capital Average507.54 M568.48 M791.85 M711.4 M630.07 M676.48 M
Market Capitalization4.84 B2.64 B1.67 B1.18 B1.03 B1.06 B
Tangible Asset Value396.37 M416.36 M543.8 M460.55 M473.27 M512.29 M
Working Capital106.85 M128.43 M109.64 M76.1 M98.27 M103.68 M
Let's try to break down what Core Laboratories's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Core Laboratories will likely underperform.

Core Laboratories Fundamentals

About Core Laboratories Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Core Laboratories NV's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Core Laboratories using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Core Laboratories NV 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.
Core Laboratories N.V. provides reservoir description and production enhancement services and products to the oil and gas industry in the United States, Canada, and internationally. The company was founded in 1936 and is based in Amstelveen, the Netherlands. Core Laboratories is traded on New York Stock Exchange in the United States.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Core Laboratories without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Other Tools for Core Laboratories Stock

When running Core Laboratories price analysis, check to measure Core Laboratories' 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 Core Laboratories is operating at the current time. Most of Core Laboratories' value examination focuses on studying past and present price action to predict the probability of Core Laboratories' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Core Laboratories' price. Additionally, you may evaluate how the addition of Core Laboratories to your portfolios can decrease your overall portfolio volatility.
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