Sovereign Cloud Holdings (ASX:SOV) Buyback Yield % : -0.58 (As of May. 25, 2024)

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What is Sovereign Cloud Holdings Buyback Yield %?

Buyback yield is the net repurchase of shares outstanding over the market capital of the company. It is a measure of shareholder return.

Sovereign Cloud Holdings's current buyback yield was -0.58%.

Sovereign Cloud Holdings Buyback Yield % Historical Data

The historical data trend for Sovereign Cloud Holdings's Buyback Yield % 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.

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Sovereign Cloud Holdings Buyback Yield % Chart

Sovereign Cloud Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Buyback Yield %

-37.88

-81.98

-42.36

Sovereign Cloud Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Buyback Yield %	Get a 7-Day Free Trial			-56.20	0.05	-	-	-2.36

Competitive Comparison of Sovereign Cloud Holdings's Buyback Yield %

For the Software - Infrastructure subindustry, Sovereign Cloud Holdings's Buyback Yield %, along with its competitors' market caps and Buyback Yield % 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.

Sovereign Cloud Holdings's Buyback Yield % Distribution in the Software Industry

For the Software industry and Technology sector, Sovereign Cloud Holdings's Buyback Yield % distribution charts can be found below:

* The bar in red indicates where Sovereign Cloud Holdings's Buyback Yield % falls into.

Sovereign Cloud Holdings Buyback Yield % Calculation

Buyback yield is a measure of shareholder return.

Sovereign Cloud Holdings's Buyback Yield for the fiscal year that ended in Jun. 2023 is calculated as

Buyback Yield	=	Net Issuance of Stock			/	Market Cap
	=	- (Repurchase of Stock	+	Issuance of Stock)	/	Market Cap
	=	- (-0.078	+	7.985)	/	18.666754613
	=	-42.36%

Sovereign Cloud Holdings's annualized Buyback Yield for the quarter that ended in Dec. 2023 is calculated as

Buyback Yield	=	Net Issuance of Stock		(Annualized)			/	Market Cap
	=	- (Repurchase of Stock	+	Issuance of Stock)	*	Annualized Factor	/	Market Cap
	=	- (-0.216	+	0.5)	*	2	/	24.097129531
	=	-2.36%

In calculating the annualized semi-annual data, the Repurchase of Stock and Issuance of Stock data used here is two times the semi-annual (Dec. 2023) data.

Sovereign Cloud Holdings Buyback Yield % Related Terms

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Sovereign Cloud Holdings (ASX:SOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sovereign Cloud Holdings Ltd (ASX:SOV) » Definitions » Buyback Yield %

Comparable Companies

Traded in Other Exchanges

N/A

Address

15-21 Beaconsfield Street, Unit 7, Fyshwick, ACT, AUS, 2609

Website

https://www.australiacloud.com.au

Sovereign Cloud Holdings Ltd provides sovereign cloud services to Australian Governments and critical national industries. It has built a cloud-based platform, which is accredited by Government standards to PROTECTED controls or higher. The platform is available to rent computation cycles and data storage to customers on a pay-as-you-go basis, referred to as Infrastructure as a Service (IaaS).

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