SCREEN Holdings Co., Ltd

Japan Country flag Japan
Sector: Semiconductors
Ticker: 7735
ISIN: JP3494600004
Factsheet Factsheet

Levered/Unlevered Beta of SCREEN Holdings Co., Ltd ( 7735 | JPN)

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.
SCREEN Holdings Co., Ltd shows a Beta of 1.58.
This is higher than 1. The volatility of SCREEN Holdings Co., Ltd according to this measure is higher than the market volatility.

Beta (Ref: NIKKEI 225)
Levered betaUnlevered beta
1-Year1.581.88
2-Year1.661.98
3-Year1.661.97
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Valuation
EV/EBITDA LastEV/EBITDA(e) 2024EV/EBITDA NTM
SCREEN Holdings Co., LtdFree trialFree trialFree trial
International PeersFree trialFree trialFree trial
Semiconductors9.9212.5810.60
NIKKEI 2258.098.307.70
Japan6.547.757.31
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Stock Perf excl. Dividends (in JPY)
7735NIKKEI 225Rel. Perf.
Year-to-Date-22.2%15.7%-37.9%
1-Week-0.3%-1.9%1.7%
1-Month-1.3%0.9%-2.2%
1-Year-20.8%14.9%-35.8%
3-Year-18.8%38.5%-57.3%
5-Year23.2%62.5%-39.3%
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International Peers - SCREEN Holdings Co., Ltd
Company NameCtryMarket
Cap.
last (mUSD)
SCREEN Holdings Co., Lt...JPN5 893
International Peers Median1.31
Tokyo Electron Ltd.JPN71 868
Tokyo Ohka Kogyo Co., L...JPN2 929
ASM Pacific Technology ...CYM4 030
Advanced Micro Fabricat...CHN16 858
Seiko Epson Corp.JPN7 117
GPRV Analysis
SCREEN Holdings Co.,...
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

  • SCREEN Holdings Co., Ltd
  • NIKKEI 225
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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.