Novestra AB (OSTO:NOVE IL) 3-Year Share Buyback Ratio : 0.00% (As of Dec. 2024)

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What is Novestra AB 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. Novestra AB's current 3-Year Share Buyback Ratio was 0.00%.

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

During the past 13 years, Novestra AB's highest 3-Year Share Buyback Ratio was 1.10%. The lowest was -48.00%. And the median was -14.30%.

OSTO:NOVE IL's 3-Year Share Buyback Ratio is not ranked ^*
in the Hardware industry.
Industry Median: -1.6
* Ranked among companies with meaningful 3-Year Share Buyback Ratio only.

Competitive Comparison of Novestra AB's 3-Year Share Buyback Ratio

For the Communication Equipment subindustry, Novestra AB'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.

Novestra AB's 3-Year Share Buyback Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Novestra AB's 3-Year Share Buyback Ratio distribution charts can be found below:

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

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Novestra AB 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.

Novestra AB (OSTO:NOVE IL) 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.

Novestra AB 3-Year Share Buyback Ratio Related Terms

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

Novestra AB Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Master Samuelsgatan 10, Stockholm, SWE, 111 44

Website

https://www.strax.com

Strax AB is specialized in accessories that empower mobile lifestyles. Its portfolio of branded accessories covers all major mobile accessory categories: Protection, Power, Connectivity, as well as Personal Audio. Its Health & Wellness category offers branded Personal Protection products. Its distribution business reaches a broad customer base, through 70 000 brick and mortar stores around the globe, as well as through online marketplaces and direct-to-consumers. The company's wholly-owned brands include Urbanista, Clckr, Richmond & Finch, Planet Buddies, xqisit, AVO+, Dottir and grell, and licensed brands include adidas, Bugatti, Diesel, Superdry and WeSC. The firm's distribution business also services over 40 other major mobile accessory brands.

Novestra AB Headlines

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