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Firstrand (NAM:FST) 6-Month Share Buyback Ratio : 0.17% (As of Dec. 2024 )


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What is Firstrand 6-Month Share Buyback Ratio?

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

6-Month Share Buyback Ratio measures the proportion of a company's outstanding shares repurchased over the past six months, calculated as the percentage change in shares outstanding from two quarters ago to the current quarter. A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance. Firstrand's current 6-Month Share Buyback Ratio was 0.17%.

Competitive Comparison of Firstrand's 6-Month Share Buyback Ratio

For the Banks - Diversified subindustry, Firstrand's 6-Month Share Buyback Ratio, along with its competitors' market caps and 6-Month 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.

Firstrand's 6-Month Share Buyback Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Firstrand's 6-Month Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Firstrand's 6-Month Share Buyback Ratio falls into.


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Firstrand 6-Month Share Buyback Ratio Calculation

Firstrand's 6-Month Share Buyback Ratio for the quarter that ended in Dec. 2024 is calculated as

6-Month Share Buyback Ratio=(Shares Outstanding (EOP) (Jun. 2024 ) - Shares Outstanding (EOP) (Dec. 2024 )) / Shares Outstanding (EOP) (Jun. 2024 )
=(5603.723 - 5594.358) / 5603.723
=0.17%

* 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.

Firstrand  (NAM:FST) 6-Month Share Buyback Ratio Explanation

A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance.

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.

Firstrand 6-Month Share Buyback Ratio Related Terms

Firstrand Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Firstrand Ltd (NAM:FST) » Definitions » 6-Month Share Buyback Ratio
Comparable Companies
JSE:CPI JSE:SBK JSE:ABG JSE:NED JSE:INL JSE:RMH JSE:FGL JPM BAC SHSE:601398 SHSE:601288 SHSE:601939 WFC SHSE:601988 LSE:HSBA ASX:CBA TSX:RY C TSE:8306 TSX:TD
Traded in Other Exchanges
FSR:South Africa FANDY:USA FANDF:USA FSRA:Germany
Address
Corner Fredman Drive and Rivonia Road, 4 Merchant Place, C Low, Sandton, Johannesburg, GT, ZAF, 2196
Website
https://www.firstrand.co.za
Firstrand Ltd wholly owns FirstRand Bank, a full-service bank providing a comprehensive range of retail, commercial, corporate and investment banking services in South Africa and offers niche products. The bank has three divisions, which are separately branded: First National Bank (FNB), WesBank and Rand Merchant Bank (RMB). The bank's retail and commercial brand is the contributor of normalized earnings, followed by its corporate and investment brand. FirstRand's retail and commercial division emphasizes a diverse range of financial services with a strategic emphasis on cost controls and digital platforms. The bank's corporate and investment brand heavily relies on its origination franchise as part of its value proposition.