Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Xiamen Tungsten Co's average basic shares outstanding for the quarter that ended in Mar. 2026 was 1,588 Mil.
Xiamen Tungsten Co (SHSE:600549) 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.
Xiamen Tungsten Co Shares Outstanding (Basic Average) Related Terms
Xiamen Tungsten Co Shares Outstanding (Basic Average) Historical Data
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The historical data trend for Xiamen Tungsten Co'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.
Xiamen Tungsten Co Shares Outstanding (Basic Average) Chart
Xiamen Tungsten Co 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 1,588 Mil mean?
Xiamen Tungsten Co (SHSE:600549) has a Shares Outstanding (Basic Average) of 1,588 Mil as of Mar. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Xiamen Tungsten Co and its competitors.
Is Xiamen Tungsten Co's Shares Outstanding (Basic Average) too high?
Xiamen Tungsten Co's current Shares Outstanding (Basic Average) is 1,588 Mil. Overall, Xiamen Tungsten Co has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Xiamen Tungsten Co's Shares Outstanding (Basic Average) compare to competitors?
Xiamen Tungsten Co's Shares Outstanding (Basic Average) of 1,588 Mil can be compared against companies in the Metals & Mining 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 a Metals & Mining company?
A good Shares Outstanding (Basic Average) depends on the Metals & Mining 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 Xiamen Tungsten Co and its competitors. Xiamen Tungsten Co's current Shares Outstanding (Basic Average) is 1,588 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xiamen Tungsten Co stock overvalued right now?
Based on GuruFocus' analysis, Xiamen Tungsten Co (SHSE:600549) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥30.12, compared to a current price of ¥84.50 — trading 180.5% above its estimated fair value. The current Shares Outstanding (Basic Average) is 1,588 Mil. Xiamen Tungsten Co's overall GF Score™ is 77/100 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 (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Xiamen Tungsten Co (SHSE:600549), the current Shares Outstanding (Basic Average) is 1,588 Mil as of Mar. 2026. 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 Xiamen Tungsten Co (SHSE:600549) Overvalued in 2026?
Based on GuruFocus' analysis, Xiamen Tungsten Co stock appears to be overvalued.
The current stock price of ¥84.50 is trading 180.5% above its estimated GF Value™ of ¥30.12.
GuruFocus considers Xiamen Tungsten Co to be Significantly Overvalued.
Key valuation signals for SHSE:600549:
Shares Outstanding (Basic Average): 1,588 Mil
GF Value™: ¥30.12 vs. price of ¥84.50 (180.5% above fair value)
No single metric tells the full story. See the SHSE:600549 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Xiamen Tungsten Co Ltd engages in the sale of tungsten, molybdenum, rare earth, and new energy materials in China. The company operates its businesses through four segments. The Tungsten, Molybdenum and Other Nonferrous Metal Products segment focuses on activities such as tungsten ore extraction, smelting, production of tungsten powder and wire, and processing of cemented carbide. The Rare Earth Business segment covers the extraction of rare earth minerals, their smelting and separation, and processing of rare earth-based products. The Battery Materials segment is involved in developing, producing, and marketing materials used in new energy batteries. The Real Estate & Supporting Management segment manages real estate development projects and provides related operational support services.
77GF Score
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