Indicators of market activity (Market value ratios)

In spite of the fact that market activity indicators are considered only for the annual period, all indicators are scaled for the periods of the month and quarter - cumulatively. The last month of the quarter corresponds to the value of the quarterly coefficient, respectively, the last month of the year - to the annual coefficient.

The average weighted average annual average number of ordinary shares in circulation during the reporting period is determined by summing up the number of ordinary shares in circulation on the first day of each calendar month of the reporting period and dividing the amount received by the number of calendar months in the reporting period.

Example of calculating the weighted average number of shares:.

Weighted average number of shares (for 5 months) = Total for 5 months / 5 = 6600/5 = 1,320 shares.
Weighted average number of shares (per year) = Total for 12 months / 12 = 17,700 / 12 = 1,475 shares.

Earnings per share is one of the most important indicators affecting the company's market value. Calculated by dividing the net profit or loss for the reporting period (in monetary units) by the number of ordinary shares in circulation:

EPS = (Net profit - Preferred dividends) / Average annual number of ordinary shares

The dividend coverage ratio - it demonstrates the company's ability to pay dividends out of profits. Shows how many times dividends can be paid out of net profit. Calculated by the formula:

ODS = (Net profit - Preferred dividends) / Dividends on ordinary shares.

This ratio is calculated as the ratio of market capitalization (share price) multiplied by the number of issued ordinary shares - to the profit received. A high P / E ratio usually indicates a stable profitability with the expectation of growth in the future. Usually, a high P / E level is considered to be a value of 15 or higher.

P / E = (Share price * Issued shares) / Net profit