share repurchase

简明释义

股份购回

英英释义

例句

1.The board of directors approved a share repurchase strategy to return capital to shareholders.

董事会批准了一项股票回购策略，以向股东返还资本。

2.Investors are optimistic about the share repurchase program that will reduce the number of outstanding shares.

投资者对这项将减少流通股数量的股票回购计划持乐观态度。

3.The company announced a new share repurchase plan to boost its stock price.

该公司宣布了一项新的股票回购计划，以提升其股价。

4.Many companies resort to share repurchase when they have excess cash on hand.

许多公司在手头有多余现金时会选择进行股票回购。

5.After the share repurchase, the earnings per share increased significantly.

在股票回购后，每股收益显著增加。

作文

In the world of finance and corporate governance, the term share repurchase refers to a company’s decision to buy back its own shares from the marketplace. This action can be part of a broader financial strategy aimed at enhancing shareholder value. When a company believes its shares are undervalued, it may opt for a share repurchase as a way to signal confidence in its future prospects. By reducing the number of outstanding shares, the company can increase earnings per share (EPS), thereby potentially boosting the stock price. One of the primary reasons companies engage in share repurchase is to return excess cash to shareholders. Instead of paying dividends, which are taxable to shareholders, a share repurchase allows companies to provide value in a more tax-efficient manner. Shareholders who wish to realize gains can sell their shares back to the company, while those who prefer to hold onto their shares can benefit from the increased value over time.Additionally, share repurchase can serve as a tool for improving financial metrics. For instance, by decreasing the number of shares outstanding, a company can enhance its return on equity (ROE) and other key performance indicators. This can create a favorable impression among investors and analysts, leading to a more robust stock performance.However, share repurchase is not without its criticisms. Some argue that companies should prioritize investing in growth opportunities rather than buying back shares. Critics contend that this practice can lead to short-termism, where management focuses on boosting stock prices to meet quarterly earnings targets rather than fostering long-term growth. Furthermore, if a company uses debt to finance a share repurchase, it could jeopardize its financial stability, particularly during economic downturns.It is also important to consider the timing of a share repurchase. Companies that buy back shares when their stock prices are high may end up wasting resources, whereas those that repurchase shares during market lows can capitalize on undervalued assets. Therefore, effective timing and strategic planning are crucial for the success of a share repurchase program.In conclusion, share repurchase is a significant financial strategy that companies utilize to enhance shareholder value and improve financial metrics. While it offers various benefits, including tax efficiency and increased EPS, it is essential for companies to weigh the potential risks and criticisms associated with this practice. Ultimately, a well-executed share repurchase can signal confidence in a company's future and provide value to shareholders, but it must be approached with careful consideration of the broader financial landscape.

在金融和公司治理的世界中，术语股份回购指的是公司决定从市场上回购自身股票的行为。这一举措可以作为更广泛的财务战略的一部分，旨在提高股东价值。当公司认为其股票被低估时，它可能选择进行股份回购，以此来传达对未来前景的信心。通过减少流通股数量，公司可以增加每股收益（EPS），从而潜在地提升股票价格。公司进行股份回购的主要原因之一是将多余现金返还给股东。与其支付股息（对股东征税），不如通过股份回购以更具税收效率的方式为股东提供价值。希望实现收益的股东可以将他们的股票出售给公司，而那些希望继续持有股票的股东则可以随着时间的推移受益于价值的增加。此外，股份回购还可以作为改善财务指标的工具。例如，通过减少流通股数量，公司可以提高其股东权益回报率（ROE）和其他关键绩效指标。这可以在投资者和分析师中创造出良好的印象，从而导致更强劲的股票表现。然而，股份回购并非没有其批评意见。一些人认为公司应该优先考虑投资于增长机会，而不是回购股票。批评者认为，这种做法可能导致短期主义，即管理层专注于提升股票价格以满足季度盈利目标，而不是促进长期增长。此外，如果公司使用债务来融资股份回购，则可能会危及其财务稳定性，尤其是在经济低迷时期。同样，考虑股份回购的时机也很重要。在股票价格高企时回购股票的公司可能会浪费资源，而在市场低迷时回购股票的公司则可以利用被低估的资产。因此，有效的时机把握和战略规划对于股份回购计划的成功至关重要。总之，股份回购是一项重要的财务战略，公司利用它来提高股东价值和改善财务指标。虽然它提供了各种好处，包括税收效率和每股收益的增加，但公司必须权衡与这一做法相关的潜在风险和批评意见。最终，成功执行的股份回购可以传达对公司未来的信心，并为股东提供价值，但必须在对更广泛的金融环境进行仔细考虑的情况下进行。