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SSG (front side) | |
| Ctrl+F: | Flip to the back of the SSG. |
| Alt+P: | Save the front of the SSG as a ".pic" image file. |
| Alt+R: | Show Preferred Procedure calculation summary (in the lower right-hand corner of the growth chart). |
| Alt+Y: |
Shifts the current Fiscal Year on the section 1 chart. (v4.0.18) The current FY can be shifted forward (without the shift key) or backward (with the shift key, Alt+Shift+Y) in time. By moving it backward you can see how well (or poorly) trailing 12 month (ttm) quarterly data has tracked the estimated future growth rates. With a company opened from the Toolkit database you may need to display the PERT-A screen and then go back to the SSG screen before you can see all of the quarterly ttm data points. |
| Alt+Z: |
Show the "PEG" ratio. (v4.0.18) This is the Projected PE (from section 3) divided by the Est. Future EPS Growth Rate (from section 1). For example, a PEG value of 1.5 means the current PE is 1.5 times larger than the Est. Future EPS Growth Rate. (This also works on the back of the SSG.) If PE is the number of dollars investors are willing to pay for a dollars worth of earnings, then PEG is the number of dollars investors are willing to pay for a pennys worth of earnings growth over a year. |
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Ctrl+Alt+T (std. in TK5): |
In Toolkit version 4 this makes two independent changes (and works on the back side of the SSG too). (v4.0.9) In Toolkit version 5 this feature is always "on" (both the FIRST and SECOND time periods described below are always exactly 5 years in Toolkit 5). FIRST, a full 5 year holding period will be assumed by the PAR and Total Return calculation in Section 5 (lower right corner). See Alt+N below for more about this. SECOND, Sales and EPS growth in Section 1 will be projected for 5 full years. The EPS projection will be carried over to the back of the SSG (affecting, in particular, the 4A High Price calculation) and the Sales projection will carry to the Preferred Procedure calculation. Often, this is not a change. The normal projection will only be for less than 5 years if the Section 1 projections do not start at the last FY end. (Click on the Section 1 chart then on "Start Projection" and then on "Last quarterly data" to select this.) On the Section 1 chart, this change is made visually by shifting the growth projection lines horizontally to the left so they appear to begin at the end of the most recent full fiscal year (and, thus, have room to "project" for 5 years). Note that the time periods in FIRST and SECOND above are not changed by an equal amount. They are independently changed as necessary to both be exactly 5 years. NOTE ... Ctrl+Alt+T is only supposed to provide a temporary view of the effect of these changes. It is supposed to affect the SSG form (both on screen and when printed) but it is not intended to affect any other forms or reports and is not supposed to be "saved" in any way once the SSG form is closed. WARNING ... it is in fact possible for the effects of Ctrl+Alt+T to be "saved". (Investware has confirmed that this is a bug. I last verified the problem in Toolkit v4.0.18.) This also affects (in undesirable ways!) the Total Return and Price information shown on the various PERT reports (PERT - Portfolio, Portfolio Trend Report, and Portfolio Summary). This is only a problem if all of the following are true: 1) Ctrl+Alt+T changed the section 4A high price (see "SECOND" above); 2) Ctrl+Alt+T is in effect when you close the SSG form; 3) Other changes were made on the SSG (i.e., upon closing the SSG form the "Save Data for ...?" dialog appears). If all three of these are true then some of the effects of Ctrl+Alt+T are saved in the Toolkit database and will have undesirable effects on the information for that company in the various PERT reports. If this happens it can be corrected by opening the SSG again, making a data change, and closing it to save the SSG again (i.e., without the effects of Ctrl+Alt+T). |
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Visual Analysis (from SSG Front, click on the "Adj. Graph" button or on the SSG chart) | |
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Ctrl+Click (replaced in TK5): | Hold down Ctrl key and click on a slider bar. The slider will move to the location closest to the mouse which results in the plotted points aligning with the vertical scale. (In other words, so the plotted points are scaled by a multiple of 10.) |
| Right-Click: | in the Est. Sales (or EPS) Growth box and the historical growth rate multiplied by R-squared will be inserted. This is intended to represent the historical growth rate "tempered" by the degree of historical consistency. |
| Alt+G: | Same as clicking on "Hist. Growth" button at the top of the window. |
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Historical Growth Rate Change Graph (from Visual Analysis, click on "Hist. Growth") | |
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Alt+R (std. in TK5): | Show R-squared values for earnings and sales. The computation (last verified v4.0.15) does not account for outliers. It always uses 10 years of Sales and EPS data. This can be misleading since the window from which Alt+R is activated does account for outliers. |
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SSG (back side) | |
| Ctrl+F: | Flip to the front of the SSG. |
| Alt+B: |
Show "Potential Buy Price". This is the highest price that satisfies both the 3-to-1 up-side down-side ratio and the 15% total return goal. As of Toolkit v4.0.18 this does not properly take into account the changes made by Ctrl+Alt+T. (This also works on the front of the SSG.) |
| Alt+C: |
Show "Rational Value". (v4.0.18) This is the Current Price divided by the Relative Value. It's intended to indicate what the current price of the stock would be if the Current PE (SSG section 3 row 9) were equal to the Average PE (section 3 row 8). (I.E., if investors were currently willing to pay what has historically been a "rational" PE for the stock.) It assumes that appropriate PE outliers (if any) have been eliminated in section 3 so they don't affect the Average PE. (This also works on the front of the SSG.) |
| Alt+D: |
Shows section 2C (% Debt to Equity). (v4.0.18) This is a "toggle" key that shows either section 2B or section 2C. You can't see both at the same time. Prior to v4.0.18 Toolkit did not store information about debt. If you see all zeros when using this feature (for a company that isn't debt-free) you'll need to update your data using a data source that provides debt information (such as NAIC's OPS). Toolkit does not provide a way to enter debt information manually. In v4.0.18, the calculations in section 2C are done incorrectly. Until this is fixed, the values shown for section 2C are not reliable. |
| Alt+N: | Show the length of the holding period assumed by the PAR and Total Return calculation in Section 5 (lower right). On the paper SSG form (and in Toolkit version 5), the assumed holding period is always exactly 5 years (the amount of time from the current price to when the high price is achieved). In Toolkit version 4, this assumed holding period (without Ctrl+Alt+T) is virtually never 5 years. The holding period in Toolkit version 4 starts on the date of the current price and ends 5 years after the end of the most recent full fiscal year. That time period will be five years only if the date of the current price falls on the day after the end of the most recent fiscal year. (v4.0.9) |
| Alt+P: | Save the back of the SSG as a ".pic" image file. (This was fixed to work properly in v4.0.18. Prior to that version not all of the numeric values were included in the image). |
| Alt+Q: | Set the section 4B(a) est. low EPS value to the latest TTM EPS value. (By default, it's the last FY end EPS value.) |
| Alt+R: | Compute ROE (section 2B) and % Debt to Equity (section 2C, see Alt+D) using beginning book value (ending book value from prior year). (v4.0.8) |
| Alt+S: |
Show "Sustainable Growth". (v4.0.18) For an explaination of the concept, see Implied Growth Tutorial. The formula is ( 100% - Avg%Payout ) x AvgROE. Avg%Payout is the value as used in section 5B. Normally it's the value from SSG section 3G7, however it can be changed by judgment in section 5B. AvgROE is the section 2B Last 5 Year Average computed using beginning equity (Alt+R on the back of the SSG will show this). Alt+S also works on the front of the SSG. |
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Judgment - Average High/Low P/E (from SSG Back, click on the green outlined Avg. High P/E (4A) or Avg. Low P/E (4Ba)) | |
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Alt+X (std. in TK5): | Show 10 years of High/Low P/E history and allow you to mark outliers. The outliers marked here are only to facilitate the computation of the High/Low P/Es in 4A and 4B. They are not saved and are not coordinated with the P/E outliers in section 3. (For example, marking outliers in section 3 affects the Relative Value calculations; marking outliers with Alt+X does not.) Also, the P/Es here are apparently not properly rounded; they do not always agree with the P/Es in section 3. (v4.0.8) |
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Alt+M (replaced in TK5): |
Calculate 10 year median High/Low P/E history. (v4.0.18) This works while viewing the 10 year P/E history (Alt+X). |
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Judgment - Potential Low Stock Price Selection (from SSG Back, click on the green outlined Selected Estimate Low Price value (at the end of 4B)) | |
| Alt+R: | Compute "Other" value using Gayle Olson's Price Variant Quotient method. (Compute the historic average ratio of low to high prices over the past 5 years and apply that ratio to the current 52-week high price to get a low price.) |