EPS (after full tax)
Earnings after full tax divided by the average number of shares in issue.
Equity per share
Equity divided by total number of shares in issue.
Share price/equity.
Share price divided by equity per share, both as at end of period.
Dividend yield
Dividend as percentage of year-end share price.
Total yield
The change in the share price for the year, plus dividend, as a percentage of the share price at the preceding accounting year-end.
Operating cash flow per share
Cash flow after investments – but before acquisitions of companies/operations – divided by the average number of shares in issue.
Payout ratio
Dividend as a percentage of earnings per share.
PE ratio (after full tax)
Year-end share price divided by earnings per share.
Market capitalisation
Year-end share price multiplied by the total number of shares in issue.
EBIT multiple
Market capitalisation plus net debt (interest-bear-ing liabilities less financial current assets) plus non-controlling interests divided by operating profit.
EV/sales
Market capitalisation plus net debt (interest-bearing liabilities less financial current assets) plus non-controlling interests divided by net sales.
Share turnover
Total number of shares sold during the year as a percentage of average number of shares in issue.
Growth
Percentage change in net sales compared with previous year.
Gross margin
Operating profit before depreciation as a percentage of net sales.
Operating margin
Operating profit as a percentage of net sales.
Profit margin
Profit after net financial items as a percentage of net sales.
Capital employed
Total assets minus non-interest-bearing liabilities and deferred tax.
Equity
Taxed equity plus untaxed reserves minus tax.
Return on capital employed
Profit after net financial items plus financial expenses as a percentage of average capital employed.
Return on equity
Profit after net financial items minus tax at standard rate 26.3% (2006–2008: 28%) as a percentage of average equity.
Return on total assets
Profit after net financial items plus financial expenses as a percentage of average balance sheet total.
Asset turnover
Net sales divided by the average balance sheet total.
Equity/assets ratio
Assets as a percentage of balance sheet total.
Proportion of risk-bearing capital
Equity, including non-controlling interest’s participations and deferred tax liabilities, as a percentage of the balance sheet total.
Operating cash flow
Cash flow after investments but before the acquisition of companies/businesses.
Interest cover
Profit after net financial items plus financial expenses divided by financial expenses.
Interest-bearing liabilities/Equity
Interest-bearing liabilities as a percentage of equity.