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Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Newton Resources's shares outstanding for the quarter that ended in Dec. 2025 was 4,000 Mil.
Newton Resources's quarterly shares outstanding
stayed the same
from Jun. 2025 (4,000 Mil) to Dec. 2025 (4,000 Mil).
Newton Resources's annual shares outstanding
stayed the same
from Dec. 2024 (4,000 Mil) to Dec. 2025 (4,000 Mil).
Newton Resources (HKSE:01231) 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.
Newton Resources Shares Outstanding (EOP) Related Terms
Newton Resources Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for Newton 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.
HKSE:01231 vs NUE, STLD, RS: Shares Outstanding (EOP) Comparison
For the Steel subindustry, Newton 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.
Newton Resources Shares Outstanding (EOP) vs Steel Industry
For the Steel industry and Basic Materials sector, Newton Resources's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Newton Resources's Shares Outstanding (EOP) falls into.
Newton Resources 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.
What does a Shares Outstanding (EOP) of 4,000 Mil mean?
Newton Resources (HKSE:01231) has a Shares Outstanding (EOP) of 4,000 Mil as of Dec. 2025. The total shares a company has outstanding, at period-end. View historical data on Newton Resources and its competitors.
Is Newton Resources' Shares Outstanding (EOP) too high?
Newton Resources' current Shares Outstanding (EOP) is 4,000 Mil. Overall, Newton Resources has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Newton Resources' Shares Outstanding (EOP) compare to NUE and STLD?
Newton Resources' Shares Outstanding (EOP) of 4,000 Mil can be compared against companies in the Steel 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 a Steel company?
A good Shares Outstanding (EOP) depends on the Steel 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 Newton Resources and its competitors. Newton Resources's current Shares Outstanding (EOP) is 4,000 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newton Resources stock overvalued right now?
Based on GuruFocus' analysis, Newton Resources (HKSE:01231) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.17, compared to a current price of HK$0.30 — trading 76.5% above its estimated fair value. The current Shares Outstanding (EOP) is 4,000 Mil. Newton Resources' overall GF Score™ is 41/100 with 5 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 Newton Resources (HKSE:01231), the current Shares Outstanding (EOP) is 4,000 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 Newton Resources (HKSE:01231) Overvalued in 2026?
Based on GuruFocus' analysis, Newton Resources stock appears to be overvalued.
The current stock price of HK$0.30 is trading 76.5% above its estimated GF Value™ of HK$0.17.
GuruFocus considers Newton Resources to be Significantly Overvalued.
Key valuation signals for HKSE:01231:
Shares Outstanding (EOP): 4,000 Mil
GF Value™: HK$0.17 vs. price of HK$0.30 (76.5% above fair value)
No single metric tells the full story. See the HKSE:01231 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Newton Resources Ltd, through its subsidiary, is engaged in the trading of iron ore and other commodities. The company has one reportable segment, which is the Resources Business. The company derives the majority of its revenue from sales of iron ores. The firm also derives a small portion of its revenue from Shipping services. Geographically, all the revenue is derived from Mainland China.
41GF Score
Get the complete analysis for HKSE:01231
Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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