Watch for actual repurchase activity under the new NCIB, especially given full utilization of the prior bid. The buyback provides a modest floor of support but is not a catalyst; focus on upcoming earnings for fundamentals. The 12-month authorization runs through Aug 18, 2027.
Price Chart
Executive Summary
Brookfield Business Corporation announced the renewal of its normal course issuer bid, authorizing the repurchase of up to 10,272,100 class A subordinate voting shares (~5% of outstanding) over the next year. The prior NCIB was fully utilized at a weighted average price of US$32.98 per share. This is a routine capital return program that signals management's view of undervaluation but does not alter the company's fundamentals.
Key Facts
- TSX accepted notice to renew NCIB for class A subordinate voting shares
- Authorized to purchase up to 10,272,100 shares, representing 5% of 205,442,014 shares outstanding as of Aug 7, 2026
- Purchases commence Aug 19, 2026 and terminate Aug 18, 2027
- Daily purchase limit of 33,379 shares on TSX (25% of average daily volume of 133,517 shares in Mar 31–Jul 31, 2026 period)
- Prior NCIB fully utilized: 3,499,836 shares purchased at weighted average price of US$32.98 per share
- Automatic share purchase plan pre-cleared by TSX for trading black-out periods
Financial Impact
Authorized repurchase of up to 10,272,100 shares (5% of outstanding). Prior NCIB was fully utilized at a weighted average price of US$32.98 per share; no dollar target for the new bid has been disclosed.
Risk Factors
- Buyback may not be fully executed
- Stock may continue to trade below management's view of intrinsic value
- Capital allocated to buybacks could limit other uses of cash
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-096479 |
| Document: tm2622998d1_6k.htm | 0001104659-26-096479 |
| Document: 0001104659-26-096479-index-headers.html | 0001104659-26-096479 |
| Document: 0001104659-26-096479-index.html | 0001104659-26-096479 |
| Document: 0001104659-26-096479.txt | 0001104659-26-096479 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 15, 2026 6w ago | Institutional Cluster | $28.95 $25.61 | ▼ −11.54% | ▼ −9.56% | $25.69 (−11.24%) |
Aug 14, 2026 7w ago | 6-K | $29.37 $25.87 | ▼ −11.92% | ▼ −9.93% | $25.69 (−12.51%) |
Jul 31, 2026 9w ago | 6-K | $29.63 $27.97 | ▼ −5.60% | ▼ −8.59% | $25.69 (−13.28%) |
May 11, 2026 20w ago | 6-K | $32.72 $32.04 | ▼ −2.08% | ▼ −0.35% | $25.69 (−21.47%) |
May 8, 2026 21w ago | 6-K | $30.85 $32.89 | ▲ +6.61% | ▲ +6.59% | $25.69 (−16.71%) |
May 8, 2026 21w ago | Press Release | $30.85 $32.89 | ▲ +6.61% | ▲ +6.59% | $25.69 (−16.71%) |
Apr 13, 2026 24w ago | 15-12G | $34.11 $31.81 | ▼ −6.74% | ▼ −14.47% | $25.69 (−24.67%) |
Apr 1, 2026 26w ago | Press Release | $33.45 $33.39 | ▼ −0.18% | ▼ −9.90% | $25.69 (−23.18%) |
Mar 31, 2026 26w ago | Press Release | $31.64 $33.30 | ▲ +5.25% | ▼ −4.18% | $25.69 (−18.79%) |
Mar 27, 2026 26w ago | 6-K | $31.65 $33.43 | ▲ +5.62% | ▼ −6.97% | $25.69 (−18.82%) |
US Market Status
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