Stock Analysis on Net
Stock Analysis on Net

e.l.f. Beauty, Inc. (NYSE:ELF)

¡Esta empresa ha sido trasladada al archivo! Los datos financieros no se actualizan desde el 9 de agosto de 2024.

Modelo de fijación de precios de activos de capital (CAPM) 

Microsoft Excel

El modelo de fijación de precios de activos de capital (CAPM, por sus siglas en inglés) indica cuál debería ser la tasa de rendimiento esperada o requerida sobre activos de riesgo como las acciones ordinarias de e.l.f. Beauty.

Tasas de retorno

e.l.f. Beauty, Inc., tasas mensuales de retorno

Microsoft Excel
e.l.f. Beauty, Inc. (ELF) Standard & Poor’s 500 (S&P 500)
t Fecha PrecioELF,t1 DividendoELF,t1 RELF,t2 PrecioS&P 500,t RS&P 500,t3
30 abr 2019 $12.79 2,945.83
1. 31 may 2019 $10.19 -20.33% 2,752.06 -6.58%
2. 30 jun 2019 $14.10 38.37% 2,941.76 6.89%
3. 31 jul 2019 $16.59 17.66% 2,980.38 1.31%
. . . . . . .
. . . . . . .
. . . . . . .
58. 29 feb 2024 $208.53 30.72% 5,096.27 5.17%
59. 31 mar 2024 $196.03 -5.99% 5,254.35 3.10%
Promedio (R): 5.78% 1.13%
Desviación estándar: 14.61% 5.32%
e.l.f. Beauty, Inc. (ELF) Standard & Poor’s 500 (S&P 500)
t Fecha PrecioELF,t1 DividendoELF,t1 RELF,t2 PrecioS&P 500,t RS&P 500,t3
30 abr 2019 $12.79 2,945.83
1. 31 may 2019 $10.19 -20.33% 2,752.06 -6.58%
2. 30 jun 2019 $14.10 38.37% 2,941.76 6.89%
3. 31 jul 2019 $16.59 17.66% 2,980.38 1.31%
4. 31 ago 2019 $16.32 -1.63% 2,926.46 -1.81%
5. 30 sept 2019 $17.51 7.29% 2,976.74 1.72%
6. 31 oct 2019 $16.80 -4.05% 3,037.56 2.04%
7. 30 nov 2019 $16.57 -1.37% 3,140.98 3.40%
8. 31 dic 2019 $16.13 -2.66% 3,230.78 2.86%
9. 31 ene 2020 $15.68 -2.79% 3,225.52 -0.16%
10. 29 feb 2020 $15.96 1.79% 2,954.22 -8.41%
11. 31 mar 2020 $9.84 -38.35% 2,584.59 -12.51%
12. 30 abr 2020 $13.07 32.83% 2,912.43 12.68%
13. 31 may 2020 $17.14 31.14% 3,044.31 4.53%
14. 30 jun 2020 $19.07 11.26% 3,100.29 1.84%
15. 31 jul 2020 $17.86 -6.35% 3,271.12 5.51%
16. 31 ago 2020 $19.53 9.35% 3,500.31 7.01%
17. 30 sept 2020 $18.37 -5.94% 3,363.00 -3.92%
18. 31 oct 2020 $20.27 10.34% 3,269.96 -2.77%
19. 30 nov 2020 $21.74 7.25% 3,621.63 10.75%
20. 31 dic 2020 $25.19 15.87% 3,756.07 3.71%
21. 31 ene 2021 $21.76 -13.62% 3,714.24 -1.11%
22. 28 feb 2021 $25.65 17.88% 3,811.15 2.61%
23. 31 mar 2021 $26.83 4.60% 3,972.89 4.24%
24. 30 abr 2021 $30.25 12.75% 4,181.17 5.24%
25. 31 may 2021 $28.00 -7.44% 4,204.11 0.55%
26. 30 jun 2021 $27.14 -3.07% 4,297.50 2.22%
27. 31 jul 2021 $27.61 1.73% 4,395.26 2.27%
28. 31 ago 2021 $30.95 12.10% 4,522.68 2.90%
29. 30 sept 2021 $29.05 -6.14% 4,307.54 -4.76%
30. 31 oct 2021 $32.31 11.22% 4,605.38 6.91%
31. 30 nov 2021 $30.12 -6.78% 4,567.00 -0.83%
32. 31 dic 2021 $33.21 10.26% 4,766.18 4.36%
33. 31 ene 2022 $29.56 -10.99% 4,515.55 -5.26%
34. 28 feb 2022 $26.43 -10.59% 4,373.94 -3.14%
35. 31 mar 2022 $25.83 -2.27% 4,530.41 3.58%
36. 30 abr 2022 $24.33 -5.81% 4,131.93 -8.80%
37. 31 may 2022 $26.62 9.41% 4,132.15 0.01%
38. 30 jun 2022 $30.68 15.25% 3,785.38 -8.39%
39. 31 jul 2022 $33.53 9.29% 4,130.29 9.11%
40. 31 ago 2022 $38.13 13.72% 3,955.00 -4.24%
41. 30 sept 2022 $37.62 -1.34% 3,585.62 -9.34%
42. 31 oct 2022 $43.26 14.99% 3,871.98 7.99%
43. 30 nov 2022 $54.96 27.05% 4,080.11 5.38%
44. 31 dic 2022 $55.30 0.62% 3,839.50 -5.90%
45. 31 ene 2023 $57.55 4.07% 4,076.60 6.18%
46. 28 feb 2023 $74.75 29.89% 3,970.15 -2.61%
47. 31 mar 2023 $82.35 10.17% 4,109.31 3.51%
48. 30 abr 2023 $92.76 12.64% 4,169.48 1.46%
49. 31 may 2023 $104.02 12.14% 4,179.83 0.25%
50. 30 jun 2023 $114.23 9.82% 4,376.86 4.71%
51. 31 jul 2023 $116.72 2.18% 4,588.96 4.85%
52. 31 ago 2023 $138.71 18.84% 4,507.66 -1.77%
53. 30 sept 2023 $109.83 -20.82% 4,288.05 -4.87%
54. 31 oct 2023 $92.63 -15.66% 4,193.80 -2.20%
55. 30 nov 2023 $118.09 27.49% 4,567.80 8.92%
56. 31 dic 2023 $144.34 22.23% 4,769.83 4.42%
57. 31 ene 2024 $159.53 10.52% 4,845.65 1.59%
58. 29 feb 2024 $208.53 30.72% 5,096.27 5.17%
59. 31 mar 2024 $196.03 -5.99% 5,254.35 3.10%
Promedio (R): 5.78% 1.13%
Desviación estándar: 14.61% 5.32%

Mostrar todo

1 Datos en dólares estadounidenses por acción ordinaria, ajustados por divisiones y dividendos de acciones.

2 Tasa de rendimiento de las acciones ordinarias de ELF durante el período t.

3 Tasa de rendimiento del S&P 500 (el proxy de la cartera de mercado) durante el período t.

Varianza y covarianza

e.l.f. Beauty, Inc., cálculo de la varianza y covarianza de los rendimientos

Microsoft Excel
t Fecha RELF,t RS&P 500,t (RELF,t–RELF)2 (RS&P 500,t–RS&P 500)2 (RELF,t–RELF)×(RS&P 500,t–RS&P 500)
1. 31 may 2019 -20.33% -6.58% 681.40 59.34 201.09
2. 30 jun 2019 38.37% 6.89% 1,062.49 33.26 187.99
3. 31 jul 2019 17.66% 1.31% 141.24 0.04 2.22
. . . . . . .
. . . . . . .
. . . . . . .
58. 29 feb 2024 30.72% 5.17% 622.01 16.37 100.92
59. 31 mar 2024 -5.99% 3.10% 138.52 3.91 -23.26
Total (Σ): 12,378.79 1,643.09 2,542.04
t Fecha RELF,t RS&P 500,t (RELF,t–RELF)2 (RS&P 500,t–RS&P 500)2 (RELF,t–RELF)×(RS&P 500,t–RS&P 500)
1. 31 may 2019 -20.33% -6.58% 681.40 59.34 201.09
2. 30 jun 2019 38.37% 6.89% 1,062.49 33.26 187.99
3. 31 jul 2019 17.66% 1.31% 141.24 0.04 2.22
4. 31 ago 2019 -1.63% -1.81% 54.80 8.61 21.73
5. 30 sept 2019 7.29% 1.72% 2.30 0.35 0.90
6. 31 oct 2019 -4.05% 2.04% 96.63 0.84 -9.02
7. 30 nov 2019 -1.37% 3.40% 51.04 5.19 -16.28
8. 31 dic 2019 -2.66% 2.86% 71.07 3.00 -14.61
9. 31 ene 2020 -2.79% -0.16% 73.36 1.66 11.04
10. 29 feb 2020 1.79% -8.41% 15.92 90.95 38.05
11. 31 mar 2020 -38.35% -12.51% 1,946.67 185.98 601.70
12. 30 abr 2020 32.83% 12.68% 731.70 133.61 312.67
13. 31 may 2020 31.14% 4.53% 643.38 11.58 86.31
14. 30 jun 2020 11.26% 1.84% 30.09 0.51 3.91
15. 31 jul 2020 -6.35% 5.51% 146.90 19.22 -53.14
16. 31 ago 2020 9.35% 7.01% 12.78 34.58 21.03
17. 30 sept 2020 -5.94% -3.92% 137.24 25.49 59.14
18. 31 oct 2020 10.34% -2.77% 20.86 15.15 -17.78
19. 30 nov 2020 7.25% 10.75% 2.18 92.72 14.22
20. 31 dic 2020 15.87% 3.71% 101.89 6.69 26.11
21. 31 ene 2021 -13.62% -1.11% 376.04 5.01 43.42
22. 28 feb 2021 17.88% 2.61% 146.45 2.20 17.95
23. 31 mar 2021 4.60% 4.24% 1.38 9.72 -3.66
24. 30 abr 2021 12.75% 5.24% 48.61 16.95 28.70
25. 31 may 2021 -7.44% 0.55% 174.59 0.33 7.62
26. 30 jun 2021 -3.07% 2.22% 78.26 1.20 -9.69
27. 31 jul 2021 1.73% 2.27% 16.35 1.32 -4.65
28. 31 ago 2021 12.10% 2.90% 39.97 3.14 11.21
29. 30 sept 2021 -6.14% -4.76% 141.95 34.60 70.09
30. 31 oct 2021 11.22% 6.91% 29.67 33.51 31.53
31. 30 nov 2021 -6.78% -0.83% 157.58 3.84 24.59
32. 31 dic 2021 10.26% 4.36% 20.10 10.47 14.51
33. 31 ene 2022 -10.99% -5.26% 281.09 40.76 107.04
34. 28 feb 2022 -10.59% -3.14% 267.77 18.16 69.74
35. 31 mar 2022 -2.27% 3.58% 64.73 6.01 -19.72
36. 30 abr 2022 -5.81% -8.80% 134.15 98.43 114.91
37. 31 may 2022 9.41% 0.01% 13.23 1.26 -4.07
38. 30 jun 2022 15.25% -8.39% 89.80 90.59 -90.19
39. 31 jul 2022 9.29% 9.11% 12.35 63.78 28.07
40. 31 ago 2022 13.72% -4.24% 63.11 28.83 -42.66
41. 30 sept 2022 -1.34% -9.34% 50.59 109.52 74.44
42. 31 oct 2022 14.99% 7.99% 84.95 47.07 63.23
43. 30 nov 2022 27.05% 5.38% 452.44 18.06 90.39
44. 31 dic 2022 0.62% -5.90% 26.59 49.32 36.21
45. 31 ene 2023 4.07% 6.18% 2.91 25.50 -8.62
46. 28 feb 2023 29.89% -2.61% 581.38 13.96 -90.10
47. 31 mar 2023 10.17% 3.51% 19.29 5.66 10.45
48. 30 abr 2023 12.64% 1.46% 47.14 0.11 2.32
49. 31 may 2023 12.14% 0.25% 40.50 0.77 -5.58
50. 30 jun 2023 9.82% 4.71% 16.32 12.88 14.50
51. 31 jul 2023 2.18% 4.85% 12.93 13.84 -13.38
52. 31 ago 2023 18.84% -1.77% 170.69 8.39 -37.85
53. 30 sept 2023 -20.82% -4.87% 707.33 35.97 159.51
54. 31 oct 2023 -15.66% -2.20% 459.49 11.05 71.24
55. 30 nov 2023 27.49% 8.92% 471.35 60.72 169.18
56. 31 dic 2023 22.23% 4.42% 270.72 10.87 54.25
57. 31 ene 2024 10.52% 1.59% 22.55 0.22 2.20
58. 29 feb 2024 30.72% 5.17% 622.01 16.37 100.92
59. 31 mar 2024 -5.99% 3.10% 138.52 3.91 -23.26
Total (Σ): 12,378.79 1,643.09 2,542.04

Mostrar todo

VarianzaELF = Σ(RELF,t–RELF)2 ÷ (59 – 1)
= 12,378.79 ÷ (59 – 1)
= 213.43

VarianzaS&P 500 = Σ(RS&P 500,t–RS&P 500)2 ÷ (59 – 1)
= 1,643.09 ÷ (59 – 1)
= 28.33

CovarianzaELF, S&P 500 = Σ(RELF,t–RELF)×(RS&P 500,t–RS&P 500) ÷ (59 – 1)
= 2,542.04 ÷ (59 – 1)
= 43.83

Estimación sistemática del riesgo (β)

Microsoft Excel
VarianzaELF 213.43
VarianzaS&P 500 28.33
CovarianzaELF, S&P 500 43.83
Coeficiente de correlaciónELF, S&P 5001 0.56
βELF2 1.55
αELF3 4.03%

Cálculos

1 Coeficiente de correlaciónELF, S&P 500
= CovarianzaELF, S&P 500 ÷ (Desviación estándarELF × Desviación estándarS&P 500)
= 43.83 ÷ (14.61% × 5.32%)
= 0.56

2 βELF
= CovarianzaELF, S&P 500 ÷ VarianzaS&P 500
= 43.83 ÷ 28.33
= 1.55

3 αELF
= PromedioELF – βELF × PromedioS&P 500
= 5.78% – 1.55 × 1.13%
= 4.03%

Tasa de rendimiento esperada

Microsoft Excel
Suposiciones
Tasa de rendimiento del LT Treasury Composite1 RF 4.98%
Tasa de rendimiento esperada de la cartera de mercado2 E(RM) 14.84%
Riesgo sistemático de e.l.f. Beauty acciones ordinarias βELF 1.55
 
Tasa de rentabilidad esperada en e.l.f. Acciones ordinarias de belleza3 E(RELF) 20.24%

1 Promedio no ponderado de los rendimientos de las ofertas de todos los bonos del Tesoro de EE. UU. con cupón fijo en circulación que no vencen ni son rescatables en menos de 10 años (proxy de tasa de rendimiento libre de riesgo).

2 Ver detalles »

3 E(RELF) = RF + βELF [E(RM) – RF]
= 4.98% + 1.55 [14.84% – 4.98%]
= 20.24%