Investopedia

Spanish Companies

Considering Spanish companies those which are traded in Spanish markets and periodically provide information to the CNMV (Comisión Nacional de Mercado de Valores).

Financial Information

All the financial information shown in InvesDaBa comes from reports that every company provides semiannually to the CNMV. From these reports we select the most relevant consolidated results and incorporate them to our database. We only work with individual data in case a company doesn’t provide consolidated results. We also work with the data in order to achieve some complementary information as the assets rotations or the EBITDA. We make available all this records together with some comparison tools.

Common variables: these data are provided by all the Spanish companies, no matter the type of bussiness they perform.

  • Net Profit: Consolidated net profit (including discontinued operations). It is used in the earning per share calculation.

  • Earning before taxes.

  • Earning per share: It is the result of dividing the net profit by the total number of shares. It is calculated using the data that the different companies send to the corresponding institution (SEC or CNMV).

  • Equity.

  • Total Liabilities: It is equivalent to subtract equity to total assets.

  • Total Assets.

  • ROE (Return over equity): It is the result of dividing net profit by equity. ROE results from different amounts of time are not comparable (it is senseless to compare annual ROE to semestral ROE).

  • ROA: (Return over Assets): It is the result of dividing net profit by total assets. It is not possible to compare ROA data from different lenght time-lapses.

  • Leverage: It is the result of dividing total assets by equity.

  • Solvency: It is the result of dividing total assets by total liabilities. If the result is a number smaller than one, the company has a negative equity.

  • Indebtedness: It is the inverse of solvency and can be calculated as total liabilities divided by total assets. If the results is bigger than one, the company has a negative equity.

Industrial companies variables (companies that are neither banks nor insurance companies):

  • Revenue.

  • EBITDA (Earning Before Interest, Taxes, Depreciation and Amortization): It is an important variable that does not appear directly in the information sent to the CNMV. In InvesDaBa it is calculated subtracting to the operating result or EBIT the following variables:

    • Depreciation. (Amortización de inmovilizado).
    • Allocation to Profit or Loss of Grants Related to Non-financial Non-current Assets and other Grants (Imputación de subvenciones de inmovilizado no financiero y otras).
    • Deterioration and result from disposals of fixed assets (Deterioro y resultado por enajenación del inmovilizado).

  • EBIT (EBIT).

  • Financial Profit: Profit/Loss from financial operations.

  • Fixed Assets.

  • Current Assets.

  • Cash.

  • Fixed Liabilities.

  • Current Liabilities.

  • Working Capital: It is the result of subtracting current liabilities to current assets.

  • EBIT over revenue: It is the result of dividing operating result by revenue.

  • EBITDA over revenue: It is the result of dividing EBITDA by revenue.

  • Net Profit over revenue: It is the result of dividing net profit by revenue.

  • ROCE: The result of dividing the operating income by the employed capital, which is obtained substracting current liabilities to total assets. ROCE uses to be presented under percentage form, so the result above has to be multiplied by 100.

  • Liquidity: It is the result of dividing current assets by current liabilities.

  • Debt Quality: It is the result of dividing current liabilities by total liabilities.

  • Assets Rotation: It is the result of dividing revenue by total assets.

Banking companies variables:

  • Net Interest Revenue.

  • Gross Margin.

  • EBIT (EBIT).

Insurance companies variables:

  • T.A. Life Insurance.

  • T.A. Non-life Insurance.

  • Technical Account.

Stock Market Information

Historical quotes are provided by Yahoo Finance, and in some cases modified to correct errors.

Variables related to companies shares:

  • Number of shares: We work with the total number of shares, including shares with no right to vote. This number is provided by the CNMV, and it is used in InvesDaBa in the earning per share and capitalization calculation.
  • Capitalization: This variable is updated every day. It is the result of multiplying the last traded price by the total number of shares.
  • PER (Price Earning Ratio): It is calculated dividing the last traded price by the earning per share of the last annual result available.

Companies with multiple share types: Some companies such as Abengoa or Grifols have different share types listed in stock markets. Generally, share types differ on the right to vote. In these cases, we work with the type of share with more right to vote (in the case of Abengoa, for example, we work with shares of type A). On the other hand, the total number of shares, in those cases, is the sum of shares of all types (including shares with no right to vote), which may lead to deviations in the calculation of the capitalization, derived from the difference in prices between the different share types.

US Companies

We consider US companies those quoted in US stock-markets and sending regularly financial reports to the SEC.

Financial Information

All the financial information shown in InvesDaBa, about US companies, comes from reports that every company provide quaterly to the SEC. From these reports we select the most relevant consolidated results and incorporate them to our database. We also work with the data in order to achieve some complementary information as the assets rotation, the ROE or ROA. We make available all this records together with some comparison tools.

mComunUS

  • Net Profit: Consolidated net profit (including discontinued operations). It is used in the earning per share calculation.

  • Earning before taxes.

  • Earning per share: It is the result of dividing the net profit by the total number of shares. It is calculated using the data that the different companies send to the corresponding institution (SEC or CNMV).

  • Equity.

  • Total Liabilities: It is equivalent to subtract equity to total assets.

  • Total Assets.

  • ROE (Return over equity): It is the result of dividing net profit by equity. ROE results from different amounts of time are not comparable (it is senseless to compare annual ROE to semestral ROE).

  • ROA: (Return over Assets): It is the result of dividing net profit by total assets. It is not possible to compare ROA data from different lenght time-lapses.

  • Leverage: It is the result of dividing total assets by equity.

  • Solvency: It is the result of dividing total assets by total liabilities. If the result is a number smaller than one, the company has a negative equity.

  • Indebtedness: It is the inverse of solvency and can be calculated as total liabilities divided by total assets. If the results is bigger than one, the company has a negative equity.

Industrial companies variables (companies that are neither banks nor insurance companies):

  • Revenue.

  • EBITDA: In case of US companies what we are describing is actually the Gross profit. Some companies directly provide this variable which is stored in our database. Other companies do not provide the Gross profit directly so it is calculated in InvesDaBa. In these cases Groos profit is calculated substracting to the revenues the cost of good sold and the cost of services sold.

  • EBIT (EBIT).

  • Fixed Assets.

  • Current Assets.

  • Cash.

  • Fixed Liabilities.

  • Current Liabilities.

  • Working Capital: It is the result of subtracting current liabilities to current assets.

  • EBIT over revenue: It is the result of dividing operating result by revenue.

  • EBITDA over revenue: It is the result of dividing EBITDA by revenue.

  • Net Profit over revenue: It is the result of dividing net profit by revenue.

  • ROCE: The result of dividing the operating income by the employed capital, which is obtained substracting current liabilities to total assets. ROCE uses to be presented under percentage form, so the result above has to be multiplied by 100.

  • Liquidity: It is the result of dividing current assets by current liabilities.

  • Debt Quality: It is the result of dividing current liabilities by total liabilities.

  • Assets Rotation: It is the result of dividing revenue by total assets.

Stock Market Information

Historical quotes are provided by Yahoo and Google Finance, and in some cases modified to correct errors.

Variables related to companies shares:

  • Number of shares: We work with the total number of outstanding shares, including shares with no right to vote. This number is provided by companies in their periodic reports sent to the SEC, and it is used in InvesDaBa in the earning per share and capitalization calculation.
  • Capitalization: This variable is updated every day. It is the result of multiplying the last traded price by the total number of outstanding shares.
  • PER (Price Earning Ratio): It is calculated dividing the last traded price by the earning per share of the last annual result available.