Glossary


S
Safety Rank

 

A measurement of relative potential risk associated with individual common stocks. The safety rank is computed by averaging two other value line indexes the price stability index and the financial strength rating. Safety ranks range from 1 (highest) to 5 (lowest). Conservative investors should try to limit their purchases to equities ranked 1 (highest) and 2 (above average) for safety.

Sales

Gross volume less returns, discounts, and allowances; net sales.

Sales Per Share

Net sales divided by the number of common shares outstanding at year end.

Sales Trailing 12 Months

Sum of past four quarters of sales

Sales/Revenues

Quarterly revenues

Saved Screen

After using Value Line’s online Screener to search for stocks that meet your specific criteria, you are able to save that list, so you can review it at a later date. Saved Screens can be accessed directly from the Screener or from the Browse Research tab.


Savings Deposits

Amount of savings deposits

Savings Deposits per share

Savings deposits per common share

Savings Deposits Per Share (Thrift Industry)

Total savings deposits at year end divided by the number of common shares outstanding at year end.

Savings Rate

The personal savings rate, expressed as a percentage, published monthly by the Commerce Department.

Screw Clause

A provision in the bond's prospectus by which a holder who voluntarily converts into common shares between interest payment dates forfeits any income accrued since the last payment.

Seasonally Adjusted

A statistical method of adjusting economic data for seasonal differences in economic activity. For example, monthly retail sales are adjusted for the surge of buying that takes place during the end-of-year holiday season.

Senior Debt

Senior debt in millions as listed in Financial Positions

Senior Debt to Capital Funds

The ratio of senior debts to capital funds as listed in Financial Positions for REITS

Senior Notes

Debit that takes priority over other unsecured debt owed

Separate Account Business

Represent funds for which the investment income and investment gains and losses accrue directly to the variable annuity contractholders and variable life insurance policyholders

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SG & A Expenses

Sales, general, and administrative expense

Shareholders' Equity

A balance sheet item showing net worth less the liquidating or redemption value of any preferred issues outstanding. Represents the sum of the value of common stock at par, the surplus of capital received (over par value), and retained earnings (i.e., earned surplus). Retained earnings are the sum of net profits earned in all years less dividends paid in all years.

Shareholders’ Equity

A balance sheet item showing a company's net worth. Represents the sum of common and preferred equity including redeemable preferred. Also includes intangibles.

 

Short History

Description of pertinent information about a company's history, current configuration, or initial public offering (IPO)

Short-Term Debt

All debt due in the next 12 months and, therefore, considered a current liability. Same as Debt Due. See Total Debt.

SIC Code

A standardized code used to identify the industry in which a company operates

Small & Mid-Cap Performance Rank

Value Lines's Performance Rank - 0 displayed as dash (-)

Small & Mid-Cap Safety Rank

The Value Line proprietary measurement of potential risk associated with a stock for companies in The Value Line Investment Survey - Small & Midcap

Small & Mid-Cap Technical Rank

Uses a proprietary formula to predict short-term (three to six month) future price returns relative to the Value Line universe. It is the result of an analysis which relates price trends of different durations for a stock during the past year to the relative price changes of the same stock over the succeeding three to six months. The Technical Rank is best used as a secondary investment criterion. We do not recommend that it replace the Performance Rank. As with the other ranks, the Technical Rank goes from 1 (highest) to 5 (lowest).

Small Cap

A market capitalization (stock price times shares outstanding) of less than $1 billion.

Smoothed Annualized Book Value Growth over Trailing 10 Year Period

The smoothed annualized rate of book value growth over trailing 10 years as of latest fiscal year

Smoothed Annualized Book Value Growth over Trailing 5 Year Period

The smoothed annualized rate of book value growth over trailing 5 years as of latest fiscal year

Smoothed Annualized Cash Flow Growth over Trailing 10 Year Period

The smoothed annualized rate of cash flow growth over trailing 10 years as of latest fiscal year

Smoothed Annualized Cash Flow Growth over Trailing 5 Year Period

The smoothed annualized rate of cash flow growth over trailing 5 years as of latest fiscal year

Smoothed Annualized Dividends Growth over Trailing 10 Year Period

The smoothed annualized rate of dividends growth over trailing 10 years as of latest fiscal year

Smoothed Annualized Dividends Growth over Trailing 5 Year Period

The smoothed annualized rate of dividends growth over trailing 5 years as of latest fiscal year

Smoothed Annualized Earnings Growth over Trailing 10 Year Period

The smoothed annualized rate of earnings growth over trailing 10 years as of latest fiscal year

Smoothed Annualized Earnings Growth over Trailing 5 Year Period

The smoothed annualized rate of earnings growth over trailing 5 years as of latest fiscal year

Smoothed Annualized Sales Growth over Trailing 10 Year Period

The smoothed annualized rate of sales growth over trailing 10 years as of latest fiscal year

Smoothed Annualized Sales Growth over Trailing 5 Year Period

The smoothed annualized rate of sales growth over trailing 5 years as of latest fiscal year

Smoothed Projected Book Value Growth over 3-5 Year Period

The projected smoothed annualized rate of book value growth over 3-5 years as of latest fiscal year

Smoothed Projected Cash Flow Growth over 3-5 Year Period

The projected smoothed annualized rate of cash flow growth over 3-5 years as of latest fiscal year

Smoothed Projected Dividends Growth over 3-5 Year Period

The projected smoothed annualized rate of dividends growth over 3-5 years as of latest fiscal year

Smoothed Projected Earnings Growth over 3-5 Year Period

The projected smoothed annualized rate of earnings growth over 3-5 years as of latest fiscal year

Smoothed Projected Sales Growth over 3-5 Year Period

The projected smoothed annualized rate of sales growth over 3-5 years as of latest fiscal year

Split Factor

Split Factor

Spot Market

A market in which commodities are purchased or sold and delivered quickly, that is, on the spot.

Standard & Poor's 500

A market-capitalization weighted index of 500 large U.S. common stocks.

Standard & Poor’s 500

A market-capitalization weighted index of 500 large U.S. common stocks.

 

Standard Deviation

A statistical measure of volatility.

Standard Deviation 10-Year

Standard deviation over the trailing 10 years

Standard Deviation 3-Year

Standard deviation over the trailing three years

Standard Deviation 5-Year

Standard deviation over the trailing five years

Statistical Array
Statutory Insurance Accounting (Insurance Industries)

The accounting method required for insurance companies reporting to state insurance regulatory authorities. It is a cash bookkeeping technique, rather than the usual method used in business.

Stock (Common)

Units of ownership of a public corporation.

 

Stock (Preferred)

A class of stock that generally has preference over common stock in the payment of dividends and the liquidation of assets and normally pays dividends at a specified rate.

Stock Dividend

The issuance of additional common shares to common stockholders, with no change in total common equity. From an accounting standpoint, retained earnings (i.e., the earned surplus) are reduced and the value of the reported common stock component of common equity (usually called the ``par value'' account) is increased. (The reduced level of retained earnings is important since bond indentures limit dividend payouts by stipulating minimum levels of retained earnings.) See Stock Split.

Stock Split

An increase in the number of common shares outstanding by a fixed ratio, say 2-to-1 or 3-to-1, with proportionate allocation of underlying common equity (i.e., the sum of common stock, capital surplus, and retained earnings) and earnings to the increased number of shares outstanding. Total common equity remains the same. From an accounting standpoint, the mix of retained earnings, capital surplus, and common stock remains unchanged. See Stock Dividend. When there is a stock split or dividend, all historical per-share numbers (including past share prices) are adjusted to reflect the new shares outstanding. If, for example, a company's stock traded in a range of 40 to 60 last year and it reported earnings of $2.00 per share, after adjustment for a 2-for-1 stock split, the price range for last year would be 20 to 30 and earnings would be $1.00 a share.

Stock Splits

Indicator of stock splits

Stock's Price Stability

A relative ranking of the standard deviation of weekly percent changes in the price of a stock over the past five years. The ranks go from 100 for the most stable to 5 for the least stable.

Stock’s Price Stability

A relative ranking of the standard deviation of weekly percent changes in the price of a stock over the past five years. The ranks go from 100 for the most stable to 5 for the least stable.

 

Successful Efforts Accounting (Canadian Energy, Natural Gas [Diversified], and Petroleum Industries)

A method of accounting under which exploratory wells found to be dry are expensed as incurred. See Full Cost Accounting.

Supplementary Report
Supplementary Report(2)
Brief, analyst-created content that discusses an important news item (e.g. earnings release, acquisition rumor, etc.) that concerns a particular company or industry that Value Line tracks. The analyst’s assessment of the news, and how it will impact the stock or industry, is also included. Supplementary Reports are also commonly referred to as Research Notes.
Surplus (Insurance Industries)

The amount by which assets exceed liabilities on a legally defined accounting basis.