Zep (FRA:14Z) Shares Outstanding (EOP) : 22.7 Mil (As of Feb. 2015)

Zep Shares Outstanding (EOP) Chart

Zep Annual Data
	Trend	Aug05	Aug06	Aug07	Aug08	Aug09	Aug10	Aug11	Aug12	Aug13	Aug14
Shares Outstanding (EOP)		Get a 7-Day Free Trial					21.34	21.63	21.83	22.07	22.40

Zep Quarterly Data
	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15
Shares Outstanding (EOP)	Get a 7-Day Free Trial															22.36	22.38	22.40	22.47	22.66

Competitive Comparison of Zep's Shares Outstanding (EOP)

For the Specialty Chemicals subindustry, Zep'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.

Zep's Shares Outstanding (EOP) Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zep's Shares Outstanding (EOP) distribution charts can be found below:

* The bar in red indicates where Zep's Shares Outstanding (EOP) falls into.

Zep Shares Outstanding (EOP) Calculation

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.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that end of period. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

Zep  (FRA:14Z) Shares Outstanding (EOP) Explanation

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.

Zep Shares Outstanding (EOP) Related Terms

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Zep (FRA:14Z) Business Description