Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Thungela Resources's shares outstanding for the quarter that ended in Dec. 2025 was 127 Mil.
Thungela Resources's quarterly shares outstanding
declined
from Jun. 2025 (129 Mil) to Dec. 2025 (127 Mil).
It means Thungela Resourcesbought back shares from Jun. 2025 to Dec. 2025 .
Thungela Resources's annual shares outstanding
declined
from Dec. 2024 (134 Mil) to Dec. 2025 (127 Mil).
It means Thungela Resourcesbought back shares from Dec. 2024 to Dec. 2025 .
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thungela Resources Shares Outstanding (EOP) Related Terms
Thungela Resources Shares Outstanding (EOP) Historical Data
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The historical data trend for Thungela Resources's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CHIX:TGAL vs CNR: Shares Outstanding (EOP) Comparison
For the Thermal Coal subindustry, Thungela Resources's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) 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.
Thungela Resources Shares Outstanding (EOP) vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Thungela Resources's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Thungela Resources's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 127 Mil mean?
Thungela Resources (CHIX:TGAL) has a Shares Outstanding (EOP) of 127 Mil as of Dec. 2025. The total shares a company has outstanding, at period-end. View historical data on Thungela Resources and its competitors.
Is Thungela Resources' Shares Outstanding (EOP) too high?
Thungela Resources' current Shares Outstanding (EOP) is 127 Mil. Overall, Thungela Resources has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thungela Resources' Shares Outstanding (EOP) compare to CNR?
Thungela Resources' Shares Outstanding (EOP) of 127 Mil can be compared against companies in the Other Energy Sources industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for an Other Energy Sources company?
A good Shares Outstanding (EOP) depends on the Other Energy Sources industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Thungela Resources and its competitors. Thungela Resources's current Shares Outstanding (EOP) is 127 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thungela Resources stock overvalued right now?
Based on GuruFocus' analysis, Thungela Resources (CHIX:TGAL) is currently considered Modestly Undervalued. The stock's GF Value™ is £5.25, compared to a current price of £4.31 — trading 17.9% below its estimated fair value. The current Shares Outstanding (EOP) is 127 Mil. Thungela Resources' overall GF Score™ is 64/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Thungela Resources (CHIX:TGAL), the current Shares Outstanding (EOP) is 127 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Thungela Resources (CHIX:TGAL) Overvalued in 2026?
Based on GuruFocus' analysis, Thungela Resources stock appears to be undervalued.
The current stock price of £4.31 is trading 17.9% below its estimated GF Value™ of £5.25.
GuruFocus considers Thungela Resources to be Modestly Undervalued.
Key valuation signals for CHIX:TGAL:
Shares Outstanding (EOP): 127 Mil
GF Value™: £5.25 vs. price of £4.31 (17.9% below fair value)
No single metric tells the full story. See the CHIX:TGAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thungela Resources Ltd is a pure-play producer and exporter of thermal coal with operations in South Africa and Australia. The group focuses on high-quality coal reserves and marketable production, positioning as a key player in the energy market by delivering coal through world-class ports, and powering nations. It owns interests in various mining operations, namely Goedehoop, Greenside, Isibonelo, Khwezela, AAIC, Mafube Coal Mining, and Butsanani Energy which consist of both underground and open cast mines located in the Mpumalanga province of South Africa. Its operational segments are Opencast, Underground, and Services.
64GF Score
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Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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