THE ANALYSIS TOOL

Stockanalyzer ist ein Analyse- und Vergleichstool, bei dem Kauf- und Verkaufsentscheidungen für Wertpapiere vorwiegend unter Bezugnahme des sogenannten „Inneren Wertes“ getroffen werden.

This interpretation was shaped primarily by the teachings and methods of Benjamin Graham and Warren Buffet. The investment approach is therefore associated with fundamental analysis. Our analysis method differs fundamentally from investment strategies that are based on technical analysis and momentum and thus usually only consider the past development of the market price.

Stockanalyzer ist besonders für jene Anleger geeignete, welche einen Anlagehorizont von 5, 10 oder mehr Jahren forcieren. Ebenso erleichtert es den Einstieg in den Aktienmarkt, da für solch eine Analyse keinerlei Vorwissen benötigt wird.

Independently

Stockanalyzer kann seine Bewertungen vollkommen unabhängig von Konzerninteressen bereitstellen. Es müssen weder Fonds, noch anderweitige Produkte verkauft werden! Es werden ausschließlich sachliche Kennzahlen aus dem Finanzberichten der Unternehmen verwendet. Dies garantiert einen privilegierten Zugang zu qualitativ hochwertigen und objektiven Analysen.

Transparent

Each key figure used in our algorithm can be found in the balance sheet of the respective company, as well as in the individual view of the respective share title.

Independent

Sie treffen Ihre Investmententscheidungen vollkommen eigenständig. Alle Informationen, die auf den stockanalyzer.eu und app.finvaley.com Seiten oder jene, die Sie in elektronischer oder nicht-elektronischer Form durch Stockanalyzer API bekommen, dienen ausschließlich informativen Zwecken. Stockanalyzer GmbH ist kein Investment-Beratungsunternehmen und führt in keiner Weise Investment- oder Finanzierungsberatungstätigkeiten aus.

a notice

Stockanalyzer GmbH, wie auch Stockanalyzer ist kein Anlageberater und die Analysen dienen ausschließlich allgemeinen Informationszwecken. Es werden keine konkreten Empfehlungen zu bestimmten Anlagen oder zum Kaufen, Verkaufen oder Halten dieser gegeben. Denken Sie bitte daran, dass jede Art von Anlage Verlustrisiken birgt und Sie sich vor dem Kauf, Verkauf oder Halten genügend eigene Informationen einholen sollten.

No guarantee can be given for the correctness of the information. Even if formulations and notices appear to call for action, the authors assume no responsibility for any purchases or sales made by the user as a result.

glossary

Our glossary contains explanations of the vocabulary used in our tool.
The definitions contained are intended to enable a clear understanding of the terms used.

Die 3 Säulen VON Stockanalyzer

overall rating

Die Gesamtbewertung bei Stockanalyzer besteht aus verschiedensten Kennzahlen auf mehreren Jahren aus der Bilanz eines börsennotierten Unternehmens. Kennzahlen folgender Bereiche werden dafür herangezogen:

  • Valuation ratios such as P/E, KCV, PEG etc.
  • liquidity
  • assets
  • liabilities
  • P&L
  • cash flow
  • and many more

The key figures are not only compared individually, but also with values from companies in the same industry. The combination of key figure evaluation and industry comparison can ensure an even higher quality analysis.

$1 requirement

The goal is to select companies where every dollar of retained earnings is converted into at least a dollar of market value. This test checks whether the managers have managed to invest the capital sensibly and generate above-average returns.

margin of safety

There are several factors to consider when considering the margin of safety:

  1. A company must earn 5 times its interest to ensure a sufficiently high safety margin.
  2. The company's value must be greater than the company's debt
  3. The share price must be below the intrinsic company value

assets

Stocks

Designation for the products, services, goods and materials in stock, intended for the production process or for sale, which are included in the balance sheet under the items raw materials, auxiliary materials and supplies, work in progress, work in progress, finished products and goods as part of current assets.

requirements

Right to payment for a service rendered. In the balance sheet, receivables are generally to be shown and broken down as current assets (balance sheet classification).

Property, plant and equipment

Property, plant and equipment are tangible items on company books and balance sheets. Tangible assets include machinery, operating and office equipment, buildings used by the company (fixed assets) and materials used in production (current assets).

liquid funds

Cash includes funds that are available for immediate payment. These include cash, bank balances and cheques.

current assets

Current assets include: inventories, receivables and other assets, securities, checks, cash on hand, Bundesbank balances, balances at banks. Securities are only classified as current assets if they are intended for sale or as a short-term liquidity reserve; otherwise they are to be shown under fixed assets.

Intangible assets

Intangible asset of a company, such as location, customer base, company name, organization, management and workforce (goodwill); concessions; quotas; inventions; Various rights (patents, licenses, trademark and utility model rights, purchasing and delivery rights, copyrights, publishing rights, etc.).

Monetary and non-physical assets

liabilities

total assets

The final total of the left (assets) or right (liabilities) side of the balance sheet, which are equal in value.

Equity capital

Those funds raised by the owners of a company to finance it or left in the company as profit (self-financing).

liabilities

Liabilities are among the debts and – in contrast to provisions – are in principle certain in terms of reason and amount. Liabilities include bonds, liabilities to banks, advance payments from customers, trade payables (trade debts), bills of exchange, liabilities to affiliated companies and to companies in which an investment is held, other liabilities, especially from taxes and within the framework of social Security.

liabilities from goods and services

Liabilities to suppliers and customers

Long Term Debt

Long-term liabilities are business liabilities that can be settled over a period of more than one year.

Short term debt

Current liabilities are business liabilities that have a maximum term of one year.

cost of sales

Revenue consists of funds that flow into the company during a business period. However, there are other costs associated with doing business. The cost of sales is the cost that must be made to generate sales. These would be, for example, the costs for personnel and material. Cost of sales appears on the income statement. But the cost of sales can also be listed in detail, in the form of material costs or personnel costs.

result

Interest charges

Interest or interest is the amount of money that a borrower pays for borrowed capital.

revenue

Proceeds from the sale, rental or leasing of typical products, goods and services in the ordinary course of business after deducting sales deductions and sales tax.

operating result

Result of the operational performance process (operating profit or loss), determined by comparing the costs and operating income (services, revenues).

Earnings before taxes

The EBT "Earnings before Taxes" is primarily used for international comparison of the earning power of companies (e.g. subsidiaries of a group) that are subject to different tax rates due to their activities in different countries.

Consolidated net income

The net profit is the positive difference between the income and expenses of the financial year in question.

Retained Earnings

Unpaid earnings held as reserves on balance sheets. Retained earnings are equity and are available to owners. Sometimes legal regulations limit the disposal of retained earnings, from which legal reserves had to be formed. For the company, retaining profits is a form of self-financing through internal financing.

gross profit

Gross profit is the profit with no fixed costs deducted. It is the difference between the sales price and the purchase price.

valuation

Price to Book Ratio (P/BV)

The price-to-book ratio is based on the idea that the value of a company can be represented by the value of its equity.

Price Cash Flow Ratio (KCV)

Ratio that shows the ratio of share price to cash flow per share.

calculation
Price of the share / book value per share

price-earnings ratio (P/E)

Ratio that represents the ratio of (estimated) earnings per share to their current market price.

calculation
Price of the share / earnings per share

Price to Sales Ratio (P/S)

Ratio of a company's (estimated) revenue to market capitalization

calculation
Price of the share / sales per share

Price earnings to growth (PEG ratio)

The PEG indicates whether a company's P/E (price-earnings) is justified in comparison with the growth (growth) of the company. Companies with a PEG greater than 1 are considered overvalued, companies with a PEG less than 1 are considered undervalued.

calculation
P/E / expected long-term growth

market capitalization

Market capitalization is the share price multiplied by the number of listed shares in a public company

gross profit margin

The one specified in % gross margin states how much of the turnover remains after deduction of the production costs and thus gives an indication of how higher sales affect the company's profit situation.

stability

return on equity

Return on equity documents how much interest has been paid on the capital invested by the investor within an accounting period.

calculation
Profit / Equity * 100%

gearing

The level of indebtedness indicates the percentage of borrowed capital per unit of equity.

calculation
Debt / Equity * 100

distribution

dividend per share

The proportion of the balance sheet profit attributable to the individual share.

Calculation:
Dividend paid / number of shares

earnings per share

Earnings per share is a key business figure used to assess the earning power of a public limited company.

Dividend Yield (%)

The general distribution and the amount of the dividends can be determined by the companies themselves. High or low dividend yields say nothing about a company's profitability. For many private investors, the dividend yield serves as a substitute for the low to no interest on savings accounts, building savers, etc.

profitability

Earnings Growth (%)

Term for the percentage change in a company's earnings compared to a base year. The previous year is usually set as the base year.

calculation
Profit Current / Profit Last Year – 1 * 100

Revenue growth (%)

Designation for the percentage change in a company's sales compared to a base year. The previous year is usually set as the base year.

calculation
Sales current / sales previous year – 1 * 100

Operating income growth

Term for the percentage change in a company's operating income compared to a base year.

liquidity situation

Change in cash and cash equivalents

Cash includes funds that are available for immediate payment. These include cash, bank balances and cheques.

Cash flow from financing activities

The cash flow from financing activities is the difference between incoming and outgoing payments that occur in the financial area of a company.

Cash generated from operations

Cash flow in the ongoing operational process

Cash flow from investing activities

The cash flow from investing activities is the difference between incoming and outgoing payments that occur in the investment area of a company.

Research and Development

Research and Development is the systematic search for new knowledge using scientific methods in a planned form. While research is understood as the general acquisition of new knowledge, development deals with its first concrete application and practical implementation.