Thomson Resources (ASX:TMZO) 3-Year Share Buyback Ratio: -28.20% (As of Dec. 2023)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Thomson Resources 3-Year Share Buyback Ratio?

Thomson Resources ASX:TMZO 3-Year Share Buyback Ratio is -28.20 as of Dec. 2023. The stock has 4 warning signs investors should review.

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. Thomson Resources's current 3-Year Share Buyback Ratio was -28.20%.

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

ASX:TMZO' s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -94.2   Med: -11.5   Max: 1.4
Current: -28.2

During the past 13 years, Thomson Resources's highest 3-Year Share Buyback Ratio was 1.40%. The lowest was -94.20%. And the median was -11.50%.

ASX:TMZO's 3-Year Share Buyback Ratio is not ranked
in the Metals & Mining industry.
Industry Median: -17.8 vs ASX:TMZO: -28.20

Thomson Resources (ASX:TMZO) 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.

Thomson Resources 3-Year Share Buyback Ratio Related Terms

ASX:TMZO vs BHPBF: 3-Year Share Buyback Ratio Comparison

For the Other Industrial Metals & Mining subindustry, Thomson Resources'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.

Thomson Resources 3-Year Share Buyback Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Thomson Resources's 3-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Thomson Resources's 3-Year Share Buyback Ratio falls into.


Thomson Resources 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.

What does a 3-Year Share Buyback Ratio of -28.20 mean?
Thomson Resources (ASX:TMZO) has a 3-Year Share Buyback Ratio of -28.20 as of Dec. 2023. The 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. View historical data for Thomson Resources and its competitors.
Is Thomson Resources' 3-Year Share Buyback Ratio too high?
Thomson Resources' current 3-Year Share Buyback Ratio is -28.20.
How does Thomson Resources' 3-Year Share Buyback Ratio compare to BHPBF?
Thomson Resources' 3-Year Share Buyback Ratio of -28.20 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 3-Year Share Buyback Ratio for a Metals & Mining company?
A good 3-Year Share Buyback Ratio depends on the Metals & Mining industry context. However, 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 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. View historical data for Thomson Resources and its competitors. Thomson Resources's current 3-Year Share Buyback Ratio is -28.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thomson Resources stock overvalued right now?
Thomson Resources (ASX:TMZO) has a current 3-Year Share Buyback Ratio of -28.20. The current 3-Year Share Buyback Ratio is -28.20. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Thomson Resources (ASX:TMZO), the current 3-Year Share Buyback Ratio is -28.20 as of Dec. 2023. 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.

Thomson Resources Business Description

Address 63 Sinclair Street, Wollstonecraft, NSW, AUS, 2065
Silver Metal Group Ltd, formerly Thomson Resources Ltd is an Australian-based exploration company, which is focused on the discovery and development of mineral deposits within the New England Fold Belt of Northern NSW. The company explores gold, silver, tin, copper, and base metals. The company focuses on the Texas Silver Project, Mt Carrington Silver & Gold Project, Conrad Silver Project, Webbs Silver Project, Harry Smith Gold Project, Yalgogrin Gold Project, Bygoo Tin Project, Chillagoe Gold Project, and Other Projects.