Sumitomo Mitsui Financial Group (NGO:8316) 5-Year Share Buyback Ratio : 1.00% (As of Dec. 2024)

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What is Sumitomo Mitsui Financial Group 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. Sumitomo Mitsui Financial Group's current 5-Year Share Buyback Ratio was 1.00%.

NGO:8316's 5-Year Share Buyback Ratio is ranked better than
80.83% of 1106 companies
in the Banks industry
Industry Median: -0.5 vs NGO:8316: 1.00

Competitive Comparison of Sumitomo Mitsui Financial Group's 5-Year Share Buyback Ratio

For the Banks - Diversified subindustry, Sumitomo Mitsui Financial Group'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.

Sumitomo Mitsui Financial Group's 5-Year Share Buyback Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Sumitomo Mitsui Financial Group's 5-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Sumitomo Mitsui Financial Group's 5-Year Share Buyback Ratio falls into.

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Sumitomo Mitsui Financial Group 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.

Sumitomo Mitsui Financial Group (NGO:8316) 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.

Sumitomo Mitsui Financial Group 5-Year Share Buyback Ratio Related Terms

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

Sumitomo Mitsui Financial Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sumitomo Mitsui Financial Group Inc (NGO:8316) » Definitions » 5-Year Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

SMFNF:USA SMFG:USA SMFG19:Thailand SMFG N:Mexico 8316:Japan 0LAF:UK XMFA:Germany XMF:Germany XMFA:Germany XMF:Germany S1MF34:Brazil

Address

1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

https://www.smfg.co.jp

Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2024, its market share of domestic loans was 7.2%, compared with 8.0% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan's largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan's third-largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management.

Sumitomo Mitsui Financial Group Headlines

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