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 Video: What is a Stock Split?
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| Ritchie Bros Auctioneers is a holding company. Through its subsidiaries, Co. is engaged in asset management technologies and disposition of commercial assets. Co. provides its customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Auctions and Marketplaces is Co.'s only reportable segment, which consists of its live on site auctions, its online auctions and marketplaces, and its brokerage service. Other includes the activities of its subsidiary, Ritchie Bros. Financial Services, Rouse, SmartEquip, Mascus & RitchieList online services, and various other services and make-ready activities. According to our RBA split history records, Ritchie Bros Auctioneers has had 2 splits. | |
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Ritchie Bros Auctioneers (RBA) has 2 splits in our RBA split history database. The first split for RBA took place on May 07, 2004. This was a 2 for 1 split, meaning for each share of RBA owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. RBA's second split took place on April 28, 2008. This was a 3 for 1 split, meaning for each share of RBA owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 6000 share position following the split.
When a company such as Ritchie Bros Auctioneers splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the RBA split history from start to finish, an original position size of 1000 shares would have turned into 6000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Ritchie Bros Auctioneers shares, starting with a $10,000 purchase of RBA, presented on a split-history-adjusted basis factoring in the complete RBA split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/02/2013 |
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| End date: |
03/28/2023 |
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| Start price/share: |
$21.06 |
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| End price/share: |
$55.52 |
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| Starting shares: |
474.83 |
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| Ending shares: |
593.07 |
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| Dividends reinvested/share: |
$8.49 |
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| Total return: |
229.27% |
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| Average Annual Total Return: |
12.67% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$32,934.96 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/02/2013 |
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| End date: |
03/28/2023 |
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| Start price/share: |
$21.06 |
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| End price/share: |
$55.52 |
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| Dividends collected/share: |
$8.49 |
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| Total return: |
203.95% |
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| Average Annual Total Return: |
11.77% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$30,398.72 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 05/07/2004 | 2 for 1 | | 04/28/2008 | 3 for 1 |
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