How to calculate total outstanding shares for companies with warrants? | The Investment Quadrant by The Fifth Person

Questions › Category: Valuation Quadrant › How to calculate total outstanding shares for companies with warrants?

Thomas asked 6 years ago

Hi Rusmin/Victor,

How do I determine the total outstanding shares of a company that issued warrants that have not matured yet? Should I exclude it bcos it haven’t reach the maturity date?

Thanks,
Thomas

1 Answers

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Victor Chng answered 5 years ago

Hi Thomas,

It is depend on how conservative you want to be. If you are very conservative, you may want to include the warrants to get a conservative figure. Other than that, it is ok to use the number of outstanding shares.