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Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. East African Cables's average basic shares outstanding for the quarter that ended in Dec. 2024 was 253 Mil.
East African Cables (NAI:CABL) Shares Outstanding (Basic Average) 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.
Be Aware
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.
East African Cables Shares Outstanding (Basic Average) Related Terms
East African Cables Shares Outstanding (Basic Average) Historical Data
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The historical data trend for East African Cables's Shares Outstanding (Basic Average) 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.
East African Cables Shares Outstanding (Basic Average) Chart
East African Cables Shares Outstanding (Basic Average) 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 exact time point. 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.
What does a Shares Outstanding (Basic Average) of 253 Mil mean?
East African Cables (NAI:CABL) has a Shares Outstanding (Basic Average) of 253 Mil as of Dec. 2024. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on East African Cables and its competitors.
Is East African Cables' Shares Outstanding (Basic Average) too high?
East African Cables' current Shares Outstanding (Basic Average) is 253 Mil. Overall, East African Cables has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does East African Cables' Shares Outstanding (Basic Average) compare to VRT and HUBB?
East African Cables' Shares Outstanding (Basic Average) of 253 Mil can be compared against companies in the Industrial Products 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 (Basic Average) for an Industrial Products company?
A good Shares Outstanding (Basic Average) depends on the Industrial Products industry context. However, Shares Outstanding (Basic Average) 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 (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on East African Cables and its competitors. East African Cables's current Shares Outstanding (Basic Average) is 253 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is East African Cables stock overvalued right now?
East African Cables (NAI:CABL) has a current Shares Outstanding (Basic Average) of 253 Mil. The current Shares Outstanding (Basic Average) is 253 Mil. East African Cables' overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For East African Cables (NAI:CABL), the current Shares Outstanding (Basic Average) is 253 Mil as of Dec. 2024. 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.
East African Cables Ltd manufactures a range of cables and conductors for applications in domestic and industrial lighting, transmission, and distribution of electricity. Its product portfolio comprises house wiring cables, flexible cables, armoured (underground) cables, auto and battery cables, electrical accessories, data and telecommunication cables, and others. The company has three reportable segments, which are its geographic locations, and include Kenya, Uganda, and Tanzania. The majority of the company's revenue is generated from Kenya and Uganda.
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