Visszavásárlási

Visszavásárlási, often translated as buyback or repurchase, refers to a financial transaction where a company buys back its own shares from the open market. This action can be undertaken for several reasons. One primary motivation is to reduce the number of outstanding shares, which in turn can increase the earnings per share (EPS) and potentially boost the stock price. Companies may also use buybacks to return excess cash to shareholders in a tax-efficient manner compared to dividends.

Another reason for a buyback program is to signal confidence in the company's future prospects. Management may believe that their stock is undervalued by the market, and by repurchasing shares, they are effectively investing in their own company. Buybacks can also be used to offset the dilutive effect of employee stock options and grants, preventing the ownership percentage of existing shareholders from decreasing.

The implementation of a visszavásárlási program is typically authorized by the company's board of directors. The authorization specifies the maximum number of shares to be repurchased and the period over which the buyback can occur. Companies can conduct buybacks through various methods, including open market purchases, tender offers, or privately negotiated transactions. While buybacks can be beneficial for shareholders, they also draw scrutiny, as some argue they can artificially inflate stock prices or could be better utilized for internal investment or debt reduction.