Michelin (CHIX:MLP) 3-Year Share Buyback Ratio : 0.40% (As of Dec. 2024)

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What is Michelin 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. Michelin's current 3-Year Share Buyback Ratio was 0.40%.

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

CHIX:MLp' s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -6.3 Med: -0.1 Max: 1.1
Current: 0.4

During the past 13 years, Michelin's highest 3-Year Share Buyback Ratio was 1.10%. The lowest was -6.30%. And the median was -0.10%.

CHIX:MLp's 3-Year Share Buyback Ratio is ranked better than
75.84% of 741 companies
in the Vehicles & Parts industry
Industry Median: -0.8 vs CHIX:MLp: 0.40

Competitive Comparison of Michelin's 3-Year Share Buyback Ratio

For the Auto Parts subindustry, Michelin'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.

Michelin's 3-Year Share Buyback Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Michelin's 3-Year Share Buyback Ratio distribution charts can be found below:

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

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Michelin 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.

Michelin (CHIX:MLp) 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.

Michelin 3-Year Share Buyback Ratio Related Terms

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Michelin Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Michelin (CHIX:MLp) » Definitions » 3-Year Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

MGDDY:USA MGDDF:USA 0OFM:UK ML:France MCHA:Germany

Address

23, Place des Carmes, Dechaux, Puy-de-Dome, Clermont-Ferrand, FRA, 63000

Website

https://www.michelin.com

Michelin manufactures tires for passenger vehicles. The company also makes tires for all types of commercial vehicles as well as bicycle, motorcycle, earthmover, aviation, and agricultural tires. Its operations are organized into three operating segments namely Automotive and related distribution; Road transportation and related distribution; Specialty businesses and related distribution. The company generates maximum revenue from Automotive and related distribution segments. The Specialty businesses include the Mining, Beyond-road, Two-wheel and Aircraft tire activities, as well as the High-Tech Materials activities. The Services & Solutions businesses are included for the most part in the "Road transportation and related distribution" segment.