Prosegur appears as Cinderella | companies abroad

share

Security representing a share in the capital of a public company. This ensures the owner membership rights (the right to vote and the right to vote at the general meeting) and ownership (right to a share in the profit, share in capital increases or in the liquidation result).

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balance

Periodic comparison of all assets and liabilities on a key date. The asset side provides information on the use of the funds, while the liability side provides information on the acquisition of the funds (financing). part of the annual report.

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stock Exchange

Regular market organized according to fixed customs. Depending on the traded goods, you speak z. B. from securities, securities, foreign exchange, commodity exchanges or exchanges for derivative instruments (futures exchanges).

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IPO

Opening a private limited company, whose share capital was previously owned exclusively by a limited group of people, to a public company through the issue and listing of shares. Also called Initial Public Offering (IPO). Opposite: goes private.

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market value

Market value (market value) of a company. To do this, multiply the market price by the number of all shares. Free float is relevant for the stock indices.

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Manager

Anglo-Saxon acronym for Chief Executive Officer, Chief Financial Officer, Chief Investment Officer and Chief Operating Officer, which together make up the Executive Board.

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cash flow

Usually generated cash flows from a company’s operating activities. Extraordinary expenses and income should be excluded from the cash flow calculation, as should extreme changes in the formation or release of hidden reserves.

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EBIT

EBIT (Earnings before Interest and Taxes): Earnings before interest and tax. Ebita: Ebit before goodwill amortization. Ebitda (Earnings before Interest, Taxes, Depreciation and Amortization): Operating profit before interest, taxes, depreciation and amortization. These three variants of the operating profit show the operational earning power better than the published net profit. Without operational reasons, this can vary widely depending on the accounting standard, the contribution of the financial result (interest as defined above) and the tax burden. Discontinued operations are usually eliminated from operating profit and included in net profit as a result of discontinued operations. On the other hand, extraordinary expenses for restructuring or value adjustments are taken into account if they are operational.

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inflation

Price increase or currency depreciation. The change is given as the inflation rate. Often causes central banks to pursue a restrictive monetary policy (high key interest rates), which weighs on stocks and bonds. Opposite: disinflation, deflation.

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price-earnings ratio

Share price in relation to earned or expected earnings per dividend bearing share. The stock valuation ratio indicates how many times earnings per share is included in the share price. P/E can be used to compare different stocks within an industry.

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the margin

1. The difference between a bank’s lending and borrowing rates (interest margin). 2. The difference between the offer price and the offer price of a security (bid-offer spread). 3. Cash margin (initial margin, variation margin) in futures or CDF (security margin). 4. Earnings (usually operational) in relation to sales (return on sales, RoS).

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evaluation

Classification of a debtor’s creditworthiness by specialized credit rating agencies using uniform criteria and procedures. An investor can read from the rating how high the default risk is.

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free float

Corresponds to the share of the market value that is traded on the stock exchange. Shares that are not listed on the stock exchange and shares that shareholders for special reasons hold for a long time are considered not to be liquid. Holdings of more than 5% are generally not included in free float. Weighting criterion in the stock index calculation.

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Board of Directors

Monitors and directs (through the definition of strategy) the management of a company for all shareholders. As a general rule, according to Swiss law, the majority of the board members of an AG must have Swiss citizenship and be domiciled in Switzerland. The board consists of executive (internal) and non-executive (external) members. As part of good corporate governance, the practice is becoming more and more established that a significant part of the board must not have any business relationship with the company. The board is elected by the general meeting.

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