Share Buyback
A company repurchasing its own shares from the market, which reduces shares outstanding and returns cash to shareholders.
What it is
A share buyback (or repurchase) is when a company uses its cash to buy back its own stock, either on the open market or through a tender offer. The repurchased shares are retired or held as treasury stock, lowering the share count. It is an alternative to dividends for returning capital to shareholders.
Why it matters
By shrinking the share count, a buyback can raise earnings per share and each remaining holder's ownership stake. The pitfall is that buybacks add value only when shares are repurchased below intrinsic value; companies that buy back high-priced stock, or fund it with debt, can destroy value rather than create it.
How it's calculated
There is no single formula; the effect is measured by the drop in shares outstanding and the cash spent. Buyback yield expresses the value of net repurchases as a percentage of market capitalization.
How Quintarthai uses it
Share counts and capital-return trends are visible in the Financials and per-share Ratios tabs on each company's deep-analysis page in the app.