The value of a security on the day of purchase or the acquisition value
Capital Expenditure (CapEx):
Carbon Risk Rating (Sustainalytics):
The sum of the after-tax profit of a business plus depreciation and other non-cash charges.
CBOE Volatility Index:
Compound Annual Growth Rate:
Debt to Capital:
Debt to EBITDA:
Discounted Cash Flow (DCF):
Earnings Per Share (EPS):
“Earnings Before Interest, Taxes, Depreciation, and Amortization”
EBITDA to Interest:
EBITDA divided by cash interest expense is a measure used to assess credit quality.
Carbon intensity expressed as the issuer’s total carbon emissions per million USD of revenue as a proxy of the carbon efficiency per unit of output.
Environmental, Social and Governance (ESG):
Free Cash Flow
Gross Domestic Product (GDP):
Gross of Fees:
Is the total rate of return on an investment before the eduction of any fees or expenses.
Initial Public Offering (IPO):
Margin of Safety:
Moody’s Credit Ratings (Source: Moody’s):
Price-to-Cash-Flow Ratio (P/CF):
Is the current stock price divided by our estimate of full value.
Quantitative Easing (QE):
Return on Equity (ROE):
Return on Invested Capital (ROIC):
Russell 1000 Growth Index
Russell 2000 Index:
The most commonly used benchmark for measuring the performance of small-cap stocks.