Buyback Radar

Ashland

ASH

Ashland has retired 40.5% of its shares since 2014, from 77,000,000 to 45,793,370.

40.5%retired since 2014
24.6%last 5 years
-0.2%last 12 months
46Mshares today
Shares outstanding, 2014 to todaysplit adjusted, from SEC filings
a quarter gone 202077M shares, 201446M201520202025
2014, 77,000,0002026-06-30, 45,793,370

Early years use the fiscal-year average share count from the 10-K.

A share bought in 2014
1.7× more of Ashland today, without buying another share. It was one of 77,000,000 shares then. It is one of 45,793,370 now.
Every filing we read12 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20142014-09-3077,000,00010-Kfiscal-year average
20152015-09-3067,000,00010-K
20162016-09-3062,117,41210-K
20172017-09-3062,000,00010-K
20182018-10-3162,487,18810-K
20192019-10-3160,183,75410-K
20202020-10-3160,578,54610-K
20212021-10-3156,838,80410-K
20222022-10-3154,147,52810-K
20232023-10-3151,259,85210-K
20242024-10-3147,109,32610-K
20252025-10-3145,718,11310-K

Source: all 10-K filings of Ashland on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, since fiscal 2015cash flow statement against share count
$2.5Bspent on buybacks
31Mfewer shares outstanding
$81spent per share that actually disappeared
$226Mpaid in stock compensation over the same years

Part of every buyback only replaces shares handed to employees. That part costs money and retires nothing, so the cost per share that disappeared is higher than the average price the company paid.

The stock, long termprice chart by TradingView

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Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Ashland in depth on Cannibal Stocks.

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