[Verse 1] When companies buy back their shares from the street They're pulling stock from circulation complete Fewer shares outstanding means the pie gets split Among less pieces, making each one benefit [Chorus] Buy back shares, EPS goes high Book value per share will also fly But watch the ratios, see how they bend ROE might drop when buybacks spend Less shares, more earnings per piece Financial metrics find their release [Verse 2] Earnings per share calculation's clear Total earnings divided by shares that appear When the denominator shrinks from the buyback move The EPS number starts to improve [Chorus] Buy back shares, EPS goes high Book value per share will also fly But watch the ratios, see how they bend ROE might drop when buybacks spend Less shares, more earnings per piece Financial metrics find their release [Verse 3] Book value per share follows the same rule Shareholders' equity is the calculation tool Divided by shares outstanding on the books When shares decrease, the ratio looks Much better than before the repurchase date Higher book value is the shareholder's fate [Bridge] But hold on tight, there's more to see ROE might fall dramatically Return on equity uses book value as base When that grows larger, returns lose their pace Price to book ratio starts to decline Making the stock look more refined [Chorus] Buy back shares, EPS goes high Book value per share will also fly But watch the ratios, see how they bend ROE might drop when buybacks spend Less shares, more earnings per piece Financial metrics find their release [Outro] Remember the rule when shares go away Per share metrics improve that day But ratios using equity as the floor Might not look as strong as before
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