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Series 79 Flash Cards > S79 Formulas > Flashcards

S79 Formulas Flashcards

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Series 79 Top-Off Exam flashcards
1
Q

Form 3

A

Individual becomes corp insider (i.e. officer, director or >10% SH) - Deadline: within 10 days

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2
Q

Form 4

A

Corp Insider changes holdings - Deadline: within 2 business days

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3
Q

Form 5

A

Corp insider reports transactions in sec’s not in public market - Deadline: 45 calendar days of fiscal year end

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4
Q

13D

A

Statement of beneficial ownership of greater than 5% - active investors - Deadline: 10 calendar days of transaction. Promptly for any material change to ownership (1%) or intentions

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5
Q

13G

A

Passive statement of beneficial ownership of greater than 5% - Deadline: 45 calendar days of calendar year end when owning >5%. If passive investor hits 10%, it must be filed at the end of that month If passive investor hits 20%, they must filed a 13D

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6
Q

1.00E-02

A

Going Private - Deadline: Concurrently with a tender offer, registration statement, or other privatization document

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7
Q

13F

A

Quarterly filing by institutional investment managers ($100mm+ in assets) - Deadline: 45 calendar days of quarter end

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8
Q

Form 144

A

Corporate insider preparing to sell shares - Deadline: up to first day of 90-day period when shares are sold

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9
Q

10Q

A

Quarterly financial report - Deadline: Large Accelerated - 40 calendar days Accelerated - 40 calendar days. Non-accelerated - 45 calendar days. Smaller Reporting - 45 calendar days

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10
Q

10K

A

Annual financial report - Deadline: Large Accelerated - 60 calendar days Accelerated - 75 calendar days. Non-accelerated - 90 calendar days. Smaller Reporting - 90 calendar days

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11
Q

8K

A

Current report - newsworthy items - Deadline: 4 business days of event

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12
Q

PRE14A

A

Preliminary Proxy Statement - Deadline: Filed with SEC 10 days prior to definitive proxy

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13
Q

DEF14A

A

Definitive Proxy Statement - Deadline: Distributed to shareholders and filed with SEC 20 days prior to shareholder meeting. If made available online, 40 days prior to shareholder meeting

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14
Q

Schedule TO

A

Includes terms of a tender offer - Deadline: Filed to commence offer, must be made available for at least 20 business days

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15
Q

Schedule 14D-9

A

Subject company board of directors’ response to a tender offer - Deadline: Due within 10 business days of the Schedule TO filing.

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16
Q

S-3

A

Short form registration statement - used for follow-on offering

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17
Q

S-4

A

Merger registration

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18
Q

S-8

A

Employee Benefit plans

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19
Q

S-11

A

REITS

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20
Q

Current Yield

A

Annual Interest/Market Price

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21
Q

Equity Value

A

Total shares outstanding * stock price, or enterprise value - net debt

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22
Q

Enterprise Value

A

Equity Value + Debt - Cash + Preferred Stock + Non-Contrilling Interest

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23
Q

Gross Profit Margin

A

Gross Profit/Sales

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24
Q

EBITDA Margin

A

EBITDA/Sales

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25
Q

Operating Margin

A

EBIT/Sales

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26
Q

Net Profit Margin

A

Net Income/Sales

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27
Q

Ending Shareholders Equity

A

Beginning SHE+Net Income-Dividends

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28
Q

Total Debt

A

Loans + Bonds + Notes + Debentures + Capital Leases + Short Term Debt + Current Maturities of Long-Term Debt

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29
Q

Basic EPS

A

Net Income / Reported Shares Outstanding

30
Q

Diluted EPS

A

Net Income / Diluted Shares Outstanding

31
Q

P/E Ratio

A

Stock Price / Earnings Per Share OR Equity Value / Net Income

32
Q

PEG Ratio

A

(P/E) / Annual Growth Rate

33
Q

Price-to-Book Ratio

A

Equity Value / Book Value of Equity OR Stock Price / Book Value per Share

34
Q

Price to Tangible Book Value

A

Equity Value / (Book Value of Equity ? Goodwill) OR Stock Price / Tangible Book Value per Share

35
Q

Dividend Yield

A

Annual Dividend / Stock Price OR Total Dividends / Market Cap

36
Q

Dividend Payout Ratio

A

Annual Dividend / Reported EPS OR Total Dividends / Net Income

37
Q

Earnings Yield

A

EPS / Stock Price OR Net Income / Equity Value OR 1 / (P/E)

38
Q

Name three enterprise value Multiples

A

EV/Sales, EV/EBITDA, EV/EBIT

39
Q

Interest Coverage Ratio

A

Adj. EBITDA / Interest Expense

40
Q

Debt-To-Capitalization Ratio

A

Total Debt / (Total Debt + Book Equity)

41
Q

Invested Capital

A

Average Equity + Average Net Debt

42
Q

ROA

A

Net Income / Average Assets

43
Q

ROE

A

Net Income / Average Shareholders’ Equity

44
Q

ROIC

A

Adj. EBIT / Invested Capital; Or EBIAT / Invested Capital

45
Q

ROC

A

Net Income / Invested Capital

46
Q

Accounts Receivable Turnover

A

Sales / Average Accounts Receivable

47
Q

Days Sales Outstanding

A

(Average Accounts Receivable / Sales) × 365

48
Q

Inventory Turnover

A

COGS / Average Inventory

49
Q

Days Inventory Held (DIH)

A

(Average Inventory / COGS) × 365

50
Q

Accounts Payable Turnover

A

COGS / Average Accounts Payable

51
Q

Days Payable Outstanding

A

(Average Accounts Payable / COGS) × 365

52
Q

Equity Turnover

A

Sales / Average Shareholders’ Equity

53
Q

Current Ratio

A

Current Assets / Currents Liabilities

54
Q

Quick Ratio

A

(Current Assets – Inventory) / Currents Liabilities

55
Q

Implied Enterprise Value

A

Sales × (EV/ Sales) OR EBITDA × (EV/ EBITDA) OR EBIT × (EV/ EBIT)

56
Q

Implied Equity Value

A

Net Income × P/E Multiple

57
Q

Implied Stock Price

A

EPS × P/E Multiple

58
Q

WACC

A

(After Tax Cost of Debt(debt/debt+equity))+(Cost of Equity)(equity/debt+equity))

59
Q

Cost of Debt

A

Current Yield × (1 – Tax Rate)

60
Q

Cost of Equity (CAPM)

A

Risk-Free Rate + (Levered Beta × Market Risk Premium)

61
Q

Market Risk Premium

A

S&P 500 Expected Return – Risk Free Rate

62
Q

Levered beta

A

Unlevered Beta x [1 + (1 – Tax Rate) x Debt/Equity]

63
Q

Unlevered Free Cash Flow

A

EBIAT + D&A – CAPEX – Increase in Net Working Capital

64
Q

Free Cash Flow to Firm (FCFF)

A

EBIAT + D&A – CAPEX – Increase in Net Working Capital

65
Q

Implied EV by perpetuity growth

A

[Free Cash Flow x (1 + Growth Rate)]/ (Discount Rate – Growth Rate)

66
Q

Implied stock price by dividend discount model

A

[Annual Dividend x (1 + Growth Rate)]/ (Discount Rate – Growth Rate)

67
Q

Economic Value Added

A

EBIAT – (Purchase Price x Discount Rate)

68
Q

Effective EBITDA Multiple

A

(EBITDA x Purchase Multiple) / (EBITDA + Synergies)

69
Q

Maximum Purchase Price

A

(EBITDA x Max Leverage Multiple) – current debt + cash

70
Q

338 Election

A

§338 (including its various subsections such as §338(h)(10) of the Internal Revenue Code permits, if all conditions are met, a stock sale to be treated as an asset sale for tax purposes. This allows the seller the benefits of a stock sale (i.e. clean exit of the business) and provides the buyer with potential value enhancement from the tax shield generated from the asset step-up.

71
Q
A

Series 79 Flash Cards (1 decks)

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