Capital Asset Pricing Model (CAPM)
Capital asset pricing model (CAPM) indicates what should be the expected or required rate of return on risky assets like e.l.f. Beauty, Inc. common stock.
Paying user area
Try for free
e.l.f. Beauty, Inc. pages available for free this week:
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Return on Equity (ROE) since 2016
- Total Asset Turnover since 2016
- Price to Sales (P/S) since 2016
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to e.l.f. Beauty, Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Rates of Return
e.l.f. Beauty, Inc., monthly rates of return
| e.l.f. Beauty, Inc. (ELF) | Standard & Poor’s 500 (S&P 500) | |||||
|---|---|---|---|---|---|---|
| t | Date | PriceELF,t1 | DividendELF,t1 | RELF,t2 | PriceS&P 500,t | RS&P 500,t3 |
| Apr 30, 2019 | ||||||
| 1. | May 31, 2019 | |||||
| 2. | Jun 30, 2019 | |||||
| 3. | Jul 31, 2019 | |||||
| . | . | . | . | . | . | . |
| . | . | . | . | . | . | . |
| . | . | . | . | . | . | . |
| 58. | Feb 29, 2024 | |||||
| 59. | Mar 31, 2024 | |||||
| Average (R): | ||||||
| Standard deviation: | ||||||
| e.l.f. Beauty, Inc. (ELF) | Standard & Poor’s 500 (S&P 500) | |||||
|---|---|---|---|---|---|---|
| t | Date | PriceELF,t1 | DividendELF,t1 | RELF,t2 | PriceS&P 500,t | RS&P 500,t3 |
| Apr 30, 2019 | ||||||
| 1. | May 31, 2019 | |||||
| 2. | Jun 30, 2019 | |||||
| 3. | Jul 31, 2019 | |||||
| 4. | Aug 31, 2019 | |||||
| 5. | Sep 30, 2019 | |||||
| 6. | Oct 31, 2019 | |||||
| 7. | Nov 30, 2019 | |||||
| 8. | Dec 31, 2019 | |||||
| 9. | Jan 31, 2020 | |||||
| 10. | Feb 29, 2020 | |||||
| 11. | Mar 31, 2020 | |||||
| 12. | Apr 30, 2020 | |||||
| 13. | May 31, 2020 | |||||
| 14. | Jun 30, 2020 | |||||
| 15. | Jul 31, 2020 | |||||
| 16. | Aug 31, 2020 | |||||
| 17. | Sep 30, 2020 | |||||
| 18. | Oct 31, 2020 | |||||
| 19. | Nov 30, 2020 | |||||
| 20. | Dec 31, 2020 | |||||
| 21. | Jan 31, 2021 | |||||
| 22. | Feb 28, 2021 | |||||
| 23. | Mar 31, 2021 | |||||
| 24. | Apr 30, 2021 | |||||
| 25. | May 31, 2021 | |||||
| 26. | Jun 30, 2021 | |||||
| 27. | Jul 31, 2021 | |||||
| 28. | Aug 31, 2021 | |||||
| 29. | Sep 30, 2021 | |||||
| 30. | Oct 31, 2021 | |||||
| 31. | Nov 30, 2021 | |||||
| 32. | Dec 31, 2021 | |||||
| 33. | Jan 31, 2022 | |||||
| 34. | Feb 28, 2022 | |||||
| 35. | Mar 31, 2022 | |||||
| 36. | Apr 30, 2022 | |||||
| 37. | May 31, 2022 | |||||
| 38. | Jun 30, 2022 | |||||
| 39. | Jul 31, 2022 | |||||
| 40. | Aug 31, 2022 | |||||
| 41. | Sep 30, 2022 | |||||
| 42. | Oct 31, 2022 | |||||
| 43. | Nov 30, 2022 | |||||
| 44. | Dec 31, 2022 | |||||
| 45. | Jan 31, 2023 | |||||
| 46. | Feb 28, 2023 | |||||
| 47. | Mar 31, 2023 | |||||
| 48. | Apr 30, 2023 | |||||
| 49. | May 31, 2023 | |||||
| 50. | Jun 30, 2023 | |||||
| 51. | Jul 31, 2023 | |||||
| 52. | Aug 31, 2023 | |||||
| 53. | Sep 30, 2023 | |||||
| 54. | Oct 31, 2023 | |||||
| 55. | Nov 30, 2023 | |||||
| 56. | Dec 31, 2023 | |||||
| 57. | Jan 31, 2024 | |||||
| 58. | Feb 29, 2024 | |||||
| 59. | Mar 31, 2024 | |||||
| Average (R): | ||||||
| Standard deviation: | ||||||
Show all
1 Data in US$ per share of common stock, adjusted for splits and stock dividends.
2 Rate of return on common stock of ELF during period t
3 Rate of return on S&P 500 (the market portfolio proxy) during period t
Variance and Covariance
e.l.f. Beauty, Inc., calculation of variance and covariance of returns
| t | Date | 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. | May 31, 2019 | |||||
| 2. | Jun 30, 2019 | |||||
| 3. | Jul 31, 2019 | |||||
| . | . | . | . | . | . | . |
| . | . | . | . | . | . | . |
| . | . | . | . | . | . | . |
| 58. | Feb 29, 2024 | |||||
| 59. | Mar 31, 2024 | |||||
| Total (Σ): | ||||||
| t | Date | 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. | May 31, 2019 | |||||
| 2. | Jun 30, 2019 | |||||
| 3. | Jul 31, 2019 | |||||
| 4. | Aug 31, 2019 | |||||
| 5. | Sep 30, 2019 | |||||
| 6. | Oct 31, 2019 | |||||
| 7. | Nov 30, 2019 | |||||
| 8. | Dec 31, 2019 | |||||
| 9. | Jan 31, 2020 | |||||
| 10. | Feb 29, 2020 | |||||
| 11. | Mar 31, 2020 | |||||
| 12. | Apr 30, 2020 | |||||
| 13. | May 31, 2020 | |||||
| 14. | Jun 30, 2020 | |||||
| 15. | Jul 31, 2020 | |||||
| 16. | Aug 31, 2020 | |||||
| 17. | Sep 30, 2020 | |||||
| 18. | Oct 31, 2020 | |||||
| 19. | Nov 30, 2020 | |||||
| 20. | Dec 31, 2020 | |||||
| 21. | Jan 31, 2021 | |||||
| 22. | Feb 28, 2021 | |||||
| 23. | Mar 31, 2021 | |||||
| 24. | Apr 30, 2021 | |||||
| 25. | May 31, 2021 | |||||
| 26. | Jun 30, 2021 | |||||
| 27. | Jul 31, 2021 | |||||
| 28. | Aug 31, 2021 | |||||
| 29. | Sep 30, 2021 | |||||
| 30. | Oct 31, 2021 | |||||
| 31. | Nov 30, 2021 | |||||
| 32. | Dec 31, 2021 | |||||
| 33. | Jan 31, 2022 | |||||
| 34. | Feb 28, 2022 | |||||
| 35. | Mar 31, 2022 | |||||
| 36. | Apr 30, 2022 | |||||
| 37. | May 31, 2022 | |||||
| 38. | Jun 30, 2022 | |||||
| 39. | Jul 31, 2022 | |||||
| 40. | Aug 31, 2022 | |||||
| 41. | Sep 30, 2022 | |||||
| 42. | Oct 31, 2022 | |||||
| 43. | Nov 30, 2022 | |||||
| 44. | Dec 31, 2022 | |||||
| 45. | Jan 31, 2023 | |||||
| 46. | Feb 28, 2023 | |||||
| 47. | Mar 31, 2023 | |||||
| 48. | Apr 30, 2023 | |||||
| 49. | May 31, 2023 | |||||
| 50. | Jun 30, 2023 | |||||
| 51. | Jul 31, 2023 | |||||
| 52. | Aug 31, 2023 | |||||
| 53. | Sep 30, 2023 | |||||
| 54. | Oct 31, 2023 | |||||
| 55. | Nov 30, 2023 | |||||
| 56. | Dec 31, 2023 | |||||
| 57. | Jan 31, 2024 | |||||
| 58. | Feb 29, 2024 | |||||
| 59. | Mar 31, 2024 | |||||
| Total (Σ): | ||||||
Show all
VarianceELF = Σ(RELF,t–RELF)2 ÷ (59 – 1)
= ÷ (59 – 1)
=
VarianceS&P 500 = Σ(RS&P 500,t–RS&P 500)2 ÷ (59 – 1)
= ÷ (59 – 1)
=
CovarianceELF, S&P 500 = Σ(RELF,t–RELF)×(RS&P 500,t–RS&P 500) ÷ (59 – 1)
= ÷ (59 – 1)
=
Systematic Risk (β) Estimation
| VarianceELF | |
| VarianceS&P 500 | |
| CovarianceELF, S&P 500 | |
| Correlation coefficientELF, S&P 5001 | |
| βELF2 | |
| αELF3 |
Calculations
1 Correlation coefficientELF, S&P 500
= CovarianceELF, S&P 500 ÷ (Standard deviationELF × Standard deviationS&P 500)
= ÷ ( × )
=
2 βELF
= CovarianceELF, S&P 500 ÷ VarianceS&P 500
= ÷
=
3 αELF
= AverageELF – βELF × AverageS&P 500
= – ×
=
Expected Rate of Return
| Assumptions | ||
| Rate of return on LT Treasury Composite1 | RF | |
| Expected rate of return on market portfolio2 | E(RM) | |
| Systematic risk (β) of e.l.f. Beauty, Inc. common stock | βELF | |
| Expected rate of return on e.l.f. Beauty, Inc. common stock3 | E(RELF) | |
1 Unweighted average of bid yields on all outstanding fixed-coupon U.S. Treasury bonds neither due or callable in less than 10 years (risk-free rate of return proxy).
3 E(RELF) = RF + βELF [E(RM) – RF]
= + [ – ]
=