Carnaby Resources (ASX:CNB) 5-Year Share Buyback Ratio : -14.40% (As of Dec. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Carnaby Resources 5-Year Share Buyback Ratio?

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

5-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past five years. It is calculated as the annualized percentage change in shares outstanding from five 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. Carnaby Resources's current 5-Year Share Buyback Ratio was -14.40%.

ASX:CNB's 5-Year Share Buyback Ratio is ranked better than
57.36% of 1841 companies
in the Metals & Mining industry
Industry Median: -18.3 vs ASX:CNB: -14.40

Competitive Comparison of Carnaby Resources's 5-Year Share Buyback Ratio

For the Other Precious Metals & Mining subindustry, Carnaby Resources's 5-Year Share Buyback Ratio, along with its competitors' market caps and 5-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.

Carnaby Resources's 5-Year Share Buyback Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Carnaby Resources's 5-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Carnaby Resources's 5-Year Share Buyback Ratio falls into.

Save Embed

;

Save Embed

;

Carnaby Resources 5-Year Share Buyback Ratio Calculation

This is the annualized percentage change in shares outstanding from five years ago to the current year. The annualized percentage change is calculated with least-square regression based on the latest six 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.

Carnaby Resources (ASX:CNB) 5-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.

Carnaby Resources 5-Year Share Buyback Ratio Related Terms

Thank you for viewing the detailed overview of Carnaby Resources's 5-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Carnaby Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Carnaby Resources Ltd (ASX:CNB) » Definitions » 5-Year Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

78 Churchill Avenue, Subiaco, Perth, WA, AUS, 6008

Website

https://www.carnabyresources.com.au

Carnaby Resources Ltd is an Australia-based mineral exploration company. It is engaged in acquiring, exploring, and developing gold and other mineral deposits. Its projects are located in established mining provinces of the Mount Isa Inlier of Queensland and the Pilbara and Yilgarn Margin of Western Australia. Some of the projects in which the company is engaged are the Greater Duchess Copper and Gold Project, Strelley Gold Project, Hemi Gold Deposit, Big Hill Gold and Lithium, Malmac, Throssel, Pardoo Gold and Lithium, Devoncourt, and Mount Grant Gold and Lithium project among others.

Carnaby Resources Headlines

No Headlines