Most realize that it gives shareholders a larger stake in the company.

 

BUT-

 

Here is what they don' t realize.

 

It makes every ' per share' metric look much better.

 

For example:

 

If ' Company A' brought in $1000 in revenue in 2022 and had 100 shares outstanding, then their revenue per share would be $10 per share.

 

But if they bought back 10% of their shares the following year, here is what happens-

 

in 2023, if ' Company A' brought in $1000 in revenue (same as last year) and had 90 shares outstanding, then their revenue per share would be $11.11 per share.

 

That' s an 11% increase in revenue per share, without the company actually increasing their actual revenue.

 

This gives them the ability to continue to reward shareholders without major increases in the underlying metric.

 

Think of the different metrics that become much healthier when companies buy back shares:

 

- Revenue per share

- Free cash flow per share

- Earnings per share

- Dividends per share

 

Share buybacks can have immense power when performed correctly (and at an undervaluation).

 

Look for companies that do a good job of buying back shares.

 

You' ll be glad you did!

 

Most realize that it gives shareholders a larger stake in the company.

 

BUT-

 

Here is what they don' t realize.

 

It makes every ' per share' metric look much better.

 

For example:

 

If ' Company A' brought in $1000 in revenue in 2022 and had 100 shares outstanding, then their revenue per share would be $10 per share.

 

But if they bought back 10% of their shares the following year, here is what happens-

 

in 2023, if ' Company A' brought in $1000 in revenue (same as last year) and had 90 shares outstanding, then their revenue per share would be $11.11 per share.

 

That' s an 11% increase in revenue per share, without the company actually increasing their actual revenue.

 

This gives them the ability to continue to reward shareholders without major increases in the underlying metric.

 

Think of the different metrics that become much healthier when companies buy back shares:

 

- Revenue per share

- Free cash flow per share

- Earnings per share

- Dividends per share

 

Share buybacks can have immense power when performed correctly (and at an undervaluation).

 

Look for companies that do a good job of buying back shares.

 

You' ll be glad you did!

Singtel has been a strong STI driver in 2025, with its share price rising from about $3.20 at the start of the year to $4.40 currently, supported by solid operating momentum and investor confidence.

At its recent investor day, management reaffirmed progress on the Singtel 28 strategy, with operating profit growing around 10% year-on-year in 1Q FY26, helped by margin improvements and cost savings.

Capital recycling remains a core lever, with $4 billion already realized out of a $9 billion target. This underpins a $2 billion inaugural share buyback program and provides flexibility for future growth investments.

Underlying net profit grew 11% in FY25 to $2.5 billion, and the positive trend has continued into FY26. Dividends rose to 17 cents per share in FY25 (including 4.7 cents value realization dividend), marking the fourth consecutive year of growth and more than doubling payouts since FY2021.

Growth drivers extend beyond its core telco operations (Singtel and Optus) to include NCS and its expanding data center business, alongside stable contributions from regional associates.

Singtel raised its FY25 dividend to 17 cents per share, including a 4.7-cent value realization dividend, marking the fourth consecutive year of growth.

With a healthy $4.3 billion cash balance, strong asset recycling pipeline, and consistent dividend growth, Singtel is positioning itself as a resilient cash flow generator while unlocking shareholder value through dividends and buybacks.