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Acronyms

The posts and analyses might contain certain short-forms, and acronyms.
For stock symbols, the commonly used symbols are typically used. Short-forms for the company’s name might also be used, and it should be apparent from the context that the short-form is referring to the company’s name.
This list would be gradually built up.

A
Amex: American Stock Exchange
AR: Annual Report
avg: average

B
BV: Book Value
BVPS: Book Value Per Share

C
CAGR: Compounded Annual Growth Rate
Cap: Capital or capitalisation
CD: Certificate of Deposit
CF: Cash Flow
CFA: Chartered Financial Analyst. Please refer to the CFA Institute’s website.
CFO: Operating Cash Flow
CY: Calendar Year

D
Div: Dividend

E
EBIT: Earnings Before Interest and Tax
EBITDA: Earnings Before Interest, Tax, Depreciation and Amortisation
EPS: Earnings Per Share
EV: Enterprise Value

F
f: Forecast (e.g. EPS_10f is forecasted earnings per share for 2010)
FCF: Free Cash Flow
FCFE: Free Cash Flow to Equity
FCFF: Free Cash Flow to the Firm
FV: Fair Value
FY: Financial / Fiscal Year

G

H

I
IPO: Initial Public Offering

J
JV: Joint Venture

K

L
LTD: Long Term Debt
LTEG: Long Term Economic Growth

M
MRP: Market Risk Premium
MV: Market Value

N
NTA: Net Tangible Assets (usually the same as TBV)
NCA: Net Current Assets
NYSE: New York Stock Exchange. Please refer to NYSE’s website

O
ops: operations

P
P: Price
PB: Price-to-Book ratio
PER: Price-to-Earnings Ratio
PTB: Price-to-Tangible Book ratio

Q
Q: Quarter (e.g. 3q or Q3 is third quarter)

R
ROA: Return on Assets
ROCE: Return on Capital Employed
ROE: Return on Equity
RFR: Risk Free Rate
RR: Retention Ratio
RP: Review Price

S
SGX: Singapore Exchange. Please refer to SGX’s website.
SMU: Singapore Management University. Please refer to SMU’s website.
SP500: This refers to the S&P 500 index of the a large cap collection of 500 firms by market capitalisation listed on US stock exchanges. The composition of the index is decided by a committee from Standard and Poors.

T
TBV: Tangible Book Value
ttm: Trailing twelve months
TP: Target Price

U

V

W

X
x: times or multiples of

Y
yr: Year
ytd: Year To Date

Z