Spirit Technology Solutions (ASX:ST1) 3-Year Share Buyback Ratio : -28.00% (As of Dec. 2024)

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What is Spirit Technology Solutions 3-Year Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Spirit Technology Solutions's current 3-Year Share Buyback Ratio was -28.00%.

The historical rank and industry rank for Spirit Technology Solutions's 3-Year Share Buyback Ratio or its related term are showing as below:

ASX:ST1' s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -250.1 Med: -71 Max: -19.5
Current: -28

During the past 13 years, Spirit Technology Solutions's highest 3-Year Share Buyback Ratio was -19.50%. The lowest was -250.10%. And the median was -71.00%.

ASX:ST1's 3-Year Share Buyback Ratio is ranked worse than
96.15% of 234 companies
in the Telecommunication Services industry
Industry Median: -0.55 vs ASX:ST1: -28.00

Competitive Comparison of Spirit Technology Solutions's 3-Year Share Buyback Ratio

For the Telecom Services subindustry, Spirit Technology Solutions's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback Ratio 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.

Spirit Technology Solutions's 3-Year Share Buyback Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Spirit Technology Solutions's 3-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Spirit Technology Solutions's 3-Year Share Buyback Ratio falls into.

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Spirit Technology Solutions 3-Year Share Buyback Ratio Calculation

This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Spirit Technology Solutions (ASX:ST1) 3-Year Share Buyback Ratio Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

Spirit Technology Solutions 3-Year Share Buyback Ratio Related Terms

Thank you for viewing the detailed overview of Spirit Technology Solutions's 3-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Spirit Technology Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Spirit Technology Solutions Ltd (ASX:ST1) » Definitions » 3-Year Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

19-25 Raglan Street, Level 2, South Melbourne, Melbourne, VIC, AUS, 3205

Website

https://www.spirit.com.au

Spirit Technology Solutions Ltd provides telecommunication services, cloud services, managed IT services, and cyber security services to small and medium-sized businesses. Geographically the group operates and generates revenue in Australia. It has three operating segments: Communication and Collaboration; Cyber Security; and Managed Services, out of which maximum revenue is derived from Cyber Security segment.

Spirit Technology Solutions Headlines

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