Equatorial Resources (ASX:EQX) 10-Year Share Buyback Ratio : -0.40% (As of Dec. 2024)

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What is Equatorial Resources 10-Year Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

10-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past ten years. It is calculated as the annualized percentage change in shares outstanding from ten years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Equatorial Resources's current 10-Year Share Buyback Ratio was -0.40%.

ASX:EQX's 10-Year Share Buyback Ratio is ranked better than
67.96% of 362 companies
in the Steel industry
Industry Median: -1.7 vs ASX:EQX: -0.40

Competitive Comparison of Equatorial Resources's 10-Year Share Buyback Ratio

For the Steel subindustry, Equatorial Resources's 10-Year Share Buyback Ratio, along with its competitors' market caps and 10-Year Share Buyback Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Equatorial Resources's 10-Year Share Buyback Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Equatorial Resources's 10-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Equatorial Resources's 10-Year Share Buyback Ratio falls into.

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Equatorial Resources 10-Year Share Buyback Ratio Calculation

This is the annualized percentage change in shares outstanding from ten years ago to the current year. The annualized percentage change is calculated with least-square regression based on the eleven years of annual data on Shares Outstanding (EOP).

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Equatorial Resources (ASX:EQX) 10-Year Share Buyback Ratio Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

Equatorial Resources 10-Year Share Buyback Ratio Related Terms

Thank you for viewing the detailed overview of Equatorial Resources's 10-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Equatorial Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Equatorial Resources Ltd (ASX:EQX) » Definitions » 10-Year Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

PBU:Germany

Address

28 The Esplanade, Level 9, BGC Centre, Perth, WA, AUS, 6000

Website

https://www.equatorialresources.com.au

Equatorial Resources Ltd is an iron ore exploration and development company. The company's iron ore projects are located in the Republic of Congo (ROC). The company focuses on advancing its existing mineral resource assets in Africa, as well as searching for new opportunities in the resources sector. It operates the Badondo Iron Project located in the northwest region of the Republic of Congo. Central & West Africa hosts a regional distribution of undeveloped world-class high-grade iron ore deposits. It is comprised of the same rock type and similar geological formation as the Carajas System in South America.