Market capitalization (a.k.a. market cap) is the total market value of all the company's
outstanding equity shares.
Market capitalization (a.k.a. market cap) is the total market value of all the company's
outstanding equity shares.
Not exact matches
Book value per
share is total common shareholders»
equity divided by the number of common
shares outstanding.
Adjusted book value per
share is total common shareholders»
equity excluding net unrealized investment gains and losses, net of tax, included in shareholders»
equity, divided by the number of common
shares outstanding.
Marathon, or MPC, announced Monday that it had agreed to buy all of Andeavor's
outstanding shares that represent a total
equity value of $ 23.3 billion and total enterprise value of $ 35.6 billion.
Hudson's Bay said in a statement on Wednesday the company «believes that there is no merit to this appeal, particularly in light of the fact that written consent in support of the
equity investment, from sophisticated long - term shareholders representing well over 50 percent of HBC's
outstanding common
shares.»
If
shares outstanding stop declining as buyback activity recedes and net
equity issuance turns positive, it will put more onus on the numerator — the actual earnings — to propel earnings per
share higher.
There were also employee
share options
outstanding to purchase up to an additional 3.4 million
shares, at a weighted average exercise price of $ 31.37 per
share, 0.8 million of which were fully vested;
equity - settled
share appreciation rights (SARs) for 0.2 million
shares, at a weighted average measurement price of $ 32.18, all of which, excluding SARs for approximately 1,000
shares, were fully vested; and restricted
share units (RSUs) covering 13.0 million
shares, of which RSUs to acquire 4.3 million
shares were fully vested.
Accordingly, our approximately 25,050,954
outstanding awards (not including awards under our employee stock purchase plan) plus 25,865,562
Shares available for future grant under our
equity plans (not including under our employee stock purchase plan) as of March 31, 2018 represented approximately 10.5 % of our Common Stock
outstanding (commonly referred to as the «overhang»).
As of March 31, 2018,
equity awards
outstanding under Salesforce
equity plans were approximately: 24,905,926 stock options, no unvested restricted
shares, 23,871,234 restricted stock units and 806,427 performance - based restricted stock units.
Our three - year average burn rate, which we define as the number of
Shares subject to
equity awards granted in a fiscal year divided by the weighted average
Shares outstanding for that fiscal year, was 2.17 % for fiscal years 2016 through 2018 (see chart on page 60 for detailed calculation of our three - year burn rates).
As of December 31, 2014, none of our non-employee directors held any
outstanding equity awards to purchase
shares of our common stock, other than Messrs. McKelvey and Viniar and Dr. Summers as described below.
Marriott Vacations Worldwide Corporation (NYSE: VAC)(«MVW» or the «Company») and ILG (Nasdaq: ILG) today announced that they have entered into a definitive agreement under which MVW will acquire all of the
outstanding shares of ILG in a cash and stock transaction with an implied
equity value of approximately $ 4.7 billion.
ORLANDO, Fla. and MIAMI — April 30, 2018 — Marriott Vacations Worldwide Corporation (NYSE: VAC)(«MVW» or the «Company») and ILG (Nasdaq: ILG) today announced that they have entered into a definitive agreement under which MVW will acquire all of the
outstanding shares of ILG in a cash and stock transaction with an implied
equity value of approximately $ 4.7 billion.
In determining the size of the requested increase in the authorized
share pool, we considered the level of overhang and took into account the fact that a substantial portion of the current
outstanding equity awards are held by our CEO and had been granted to him prior to our initial public offering in 2006 (the «IPO»).
Mr. McMillon also held options to purchase
Shares as of the end of fiscal 2015, as disclosed on the
Outstanding Equity Awards at Fiscal 2015 Year - End table on page 71.
in the case of our directors, officers, and security holders, (i) the receipt by the locked - up party from us of
shares of Class A common stock or Class B common stock upon (A) the exercise or settlement of stock options or RSUs granted under a stock incentive plan or other
equity award plan described in this prospectus or (B) the exercise of warrants
outstanding and which are described in this prospectus, or (ii) the transfer of
shares of Class A common stock, Class B common stock, or any securities convertible into Class A common stock or Class B common stock upon a vesting or settlement event of our securities or upon the exercise of options or warrants to purchase our securities on a «cashless» or «net exercise» basis to the extent permitted by the instruments representing such options or warrants (and any transfer to us necessary to generate such amount of cash needed for the payment of taxes, including estimated taxes, due as a result of such vesting or exercise whether by means of a «net settlement» or otherwise) so long as such «cashless exercise» or «net exercise» is effected solely by the surrender of
outstanding stock options or warrants (or the Class A common stock or Class B common stock issuable upon the exercise thereof) to us and our cancellation of all or a portion thereof to pay the exercise price or withholding tax and remittance obligations, provided that in the case of (i), the
shares received upon such exercise or settlement are subject to the restrictions set forth above, and provided further that in the case of (ii), any filings under Section 16 (a) of the Exchange Act, or any other public filing or disclosure of such transfer by or on behalf of the locked - up party, shall clearly indicate in the footnotes thereto that such transfer of
shares or securities was solely to us pursuant to the circumstances described in this bullet point;
the disposition of
shares of common stock to us, or the withholding of
shares of common stock by us, in a transaction exempt from Section 16 (b) of the Exchange Act solely in connection with the payment of taxes due with respect to the vesting or settlement of RSUs granted under our
equity incentive plans or pursuant to a contractual employment arrangement described elsewhere in this prospectus, insofar as such RSU is
outstanding as of the date of this prospectus; provided, that, if required, any public report or filing under Section 16 of the Exchange Act will clearly indicate in the footnotes thereto that such disposition to us or withholding by us of
shares or securities was solely to us pursuant to the circumstances described in this clause;
Nevertheless, sales of substantial amounts of our Class A common stock, including
shares issued upon exercise of
outstanding stock options or warrants or settlement of RSUs, in the public market following this offering could adversely affect market prices prevailing from time to time and could impair our ability to raise capital through the sale of our
equity securities.
the sale of
shares of common stock in an underwritten public offering that occurs during the restricted period, including any concurrent exercise (including a net exercise or cashless exercise) or settlement of
outstanding equity awards granted under our
equity incentive plans or pursuant to a contractual employment arrangement described elsewhere in this prospectus in order to sell the
shares of common stock delivered upon such exercise or settlement in such underwritten public offering; provided that, if required, any public report or filing under Section 16 of the Exchange Act will clearly indicate in the footnotes thereto that such disposition to us or withholding by us of
shares or securities was solely to us pursuant to the circumstances described in this clause; or
The unaudited pro forma information as of March 31, 2015 presents the Company's stockholders»
equity as though all of the Company's redeemable convertible preferred stock
outstanding had automatically converted into
shares of common stock upon the completion of a qualifying initial public offering («IPO») of the Company's common stock.
The pro forma stockholders»
equity presents our stockholders»
equity as though all of the convertible preferred stock
outstanding automatically converted into
shares of common stock on a 1 for 1 basis, except for the Series C convertible preferred stock which is convertible on a 1 for 1.05 basis (see Note 6), upon completion of a qualifying initial public offering.
Upon closing of the proposed transaction all of the issued and
outstanding shares of capital stock of MoPub, and all
equity awards to purchase
shares of MoPub common stock held by individuals who will continue to provide service to the Company, will be converted into the right to receive an aggregate of 14.8 million
shares of the Company's common stock.
As of November 11, 2013, a total of 20.873 million
shares of the Company's common stock were subject to all
outstanding awards granted under the Company's
equity compensation plans (including the
shares then subject to
outstanding awards under the 2003 Plan and the Director Plan, as well as
outstanding awards assumed by the Company in connection with acquisitions, but exclusive of
shares that employees may purchase under the Employee Stock Purchase Plan), of which 17.265 million
shares were then subject to
outstanding restricted stock unit awards and 3.608 million
shares were then subject to
outstanding stock options.
To the extent that
outstanding options are exercised, new options are granted under our
equity incentive plans or we issue additional
shares of common stock in the future, there will be further dilution to the new investors participating in this offering.
The following table summarizes: (i) the
outstanding number of options and awards under the
equity incentive plans; and (ii) the number of
shares granted to directors, executive officers, and non-executive directors, as of March 1, 2018:
Q: Why does the number of
outstanding shares differ between the Company Profile page and the analysis of the
equity plan?
If the company is sold at the end of five years, without any additional dilution, everyone would vest all of their
equity and the independent directors would have earned about 0.5 % of the
shares outstanding at the end of the third round per year.
AZO has repurchased nearly half of its
outstanding shares over the past five to ten years, decimating common
equity while providing a nice boost to EPS.
This was exasperated recently when I was discussing the case of how most investors misunderstand how it can actually be good over the long - run to change a company's capitalization structure to replace
equity with debt by borrowing funds on a long - term, low - cost, fixed - rate basis to repurchase stock, lowering the total count of
outstanding shares.
They must deploy 100 % of any funds they receive into
equities, and they must buy and sell
shares so as to establish positions that are in exact relative proportion to the supply
outstanding.
In dividing intrinsic
equity value by diluted
shares outstanding, the investor then arrives at
equity value per
share.
For periods prior to the Spin - Off from Barnes & Noble on August 2, 2015, Diluted earnings per
share and weighted - average diluted
shares outstanding reflect potential common
shares from Barnes & Noble
equity plans in which our employees participated based on the distribution ratio.
As I wrote last year, the 500 largest U.S. companies repurchased about a quarter of their
equity's dollar value from 1998 to 2012, but the number of
shares outstanding actually grew more than 7 % over that same period.
-LSB-(Total
Equity)--(Redeemable Preferred Stock, Total)--(Preferred Stock — Non Redeemable, Net)-RSB- / (Total Common
Shares Outstanding)
There's three things we are looking for — total
equity, preferred stock
equity, and total common
shares outstanding.
Brompton
Equity Split Corp., $ 12.97, symbol BE on Toronto (
Shares outstanding: 1.7 million; Market cap: $ 21.9 million; www.bromptongroup.com) mainly invests in large - cap Canadian stocks.
With
outstanding debt of $ 1.8 billion, that would result in the transfer of about $ 9 per
share of value to
equity holders.
Share buybacks increase the ownership stake of
equity holders by reducing the number of
outstanding shares.
Note that TJX's high returns on
equity and invested capital (debt +
equity) are skewed upwards by the large amount of stock it buys back each year (14 % of total
shares outstanding during the past five years).
The debt - to -
equity ratio divides total debt by the value of the
outstanding shares and is another ratio used to assess financial strength.
These stocks were then sorted by the following historical financial metrics (using the most recently reported financials): market cap, annual trading volume to
shares outstanding, assets to revenues, total debt to
equity, cash to assets and year - over-year EBIT annual growth rate, one financial metric at a time.
The First Asset Canadian Buyback Index ETF (TSX: FBE) «provides investors with exposure to a portfolio of
equity securities of quality companies with active
share buyback programs that have significantly and consistently reduced their issued and
outstanding share count.»
an increase in a corporation's number of
outstanding shares of stock without any change in shareholder
equity or market value at the time of the split
Each shareholder's ownership interest is calculated by dividing
Equity by the number of
shares outstanding at the measurement date - book value per
share.
Some Canadian
equity funds invest in companies based on, among other things, market capitalization (the market value of all
outstanding company
shares).
I encourage you to try backtesting other
equity structure related formula variations, and maybe even test out the percent reduction in
shares outstanding in combination with valuation and debt ratios.
The book value is a company's
equity that does not include preferred stock divided by the
shares outstanding in the market.
Instead of overemphasizing the debt - to -
equity ratio, we recommend that you expand your research to look at the ratio between a company's debt and its market capitalization or «market cap» (the value of all
shares the company has
outstanding).
13) In the foreseeable future will the growth of the company require sufficient
equity financing so that the larger number of
shares then
outstanding will largely cancel the existing stockholders» benefit from this anticipated growth?