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2012 Corporate Buyback Scorecard

Buyback
Scorecard
 

The table below ranks the 253 companies in the S&P 500 that bought back at least 4 percent of their shares from June 30, 2010, through June 30, 2012. The companies are ranked according to their return on investment from these repurchases. As calculated by Fortuna Advisors, a New York City-based consultancy that compiled the data for Institutional Investor , buyback ROI measures the overall rate of return of buybacks, based on the internal rate of return of the cash flows associated with them. Buyback strategy tracks the performance of the underlying stock in terms of annualized total shareholder return. Once Fortuna determines buyback ROI and buyback strategy, buyback effectiveness can then be calculated as simply the difference between the two, determined as compounded return.

 
How the S&P 500 Stack Up
as Stock Repurchasers
  Company Industry Market
Capitalization
$ Total
Buyback
$ Total
Buyback
/ Market Cap
Buyback
Strategy
Buyback
Effectiveness
Buyback ROI
  Average $26,593 $2,644 11.9% 10.7% -1.0% 9.7%
  Median $12,515 $1,177 9.8% 9.6% -2.2% 7.4%
1 Sunoco Energy $4,969 $313 6.3% 34.2% 60.5% 115.4%
2 American International Group Insurance $55,466 $5,070 9.1% 0.0% 77.0% 76.9%
3 Seagate Technology Tech Hardware $10,516 $3,248 30.9% 28.9% 34.6% 73.5%
4 Ross Stores Retailing $14,092 $898 6.4% 51.9% 10.8% 68.3%
5 O'Reilly Automotive Retailing $10,563 $1,571 14.9% 43.1% 15.8% 65.6%
6 Discover Financial Services Financials $17,806 $899 5.0% 52.3% 8.0% 64.6%
7 Wyndham Worldwide Consumer Svcs $7,695 $1,401 18.2% 44.8% 12.6% 63.1%
8 Biogen Idec Pharma $34,588 $1,876 5.4% 61.4% 0.9% 62.8%
9 Dollar Tree Retailing $12,479 $919 7.4% 58.0% 2.2% 61.4%
10 The TJX Companies Retailing $31,809 $2,537 8.0% 36.9% 15.1% 57.6%
11 Scripps Networks Interactive Media $8,640 $700 8.1% 9.6% 43.1% 56.8%
12 The Sherwin-Williams Company Materials $13,669 $930 6.8% 29.8% 18.2% 53.4%
13 Macy's Retailing $14,192 $1,117 7.9% 32.7% 14.0% 51.2%
14 Expedia Retailing $6,109 $810 13.3% 40.2% 7.8% 51.1%
15 The Home Depot Retailing $81,110 $7,499 9.2% 26.8% 13.1% 43.5%
16 Ingersoll-Rand Cap Goods $13,056 $1,193 9.1% 5.8% 33.3% 41.1%
17 W.W. Grainger Cap Goods $13,413 $610 4.6% 38.5% 1.2% 40.2%
18 Lorillard Food and Bev $17,222 $2,151 12.5% 37.7% 1.2% 39.3%
19 Philip Morris International Food and Bev $148,827 $10,633 7.1% 40.6% -2.0% 37.8%
20 AutoZone Retailing $13,745 $2,915 21.2% 43.3% -4.6% 36.7%
21 ONEOK Utilities $8,794 $1,168 13.3% 38.5% -2.2% 35.4%
22 CBS Media $21,268 $1,416 6.7% 49.2% -9.3% 35.3%
23 Gap Retailing $13,385 $3,322 24.8% 10.7% 21.8% 34.9%
24 Unitedhealth Group Healthcare $60,691 $6,079 10.0% 39.0% -3.3% 34.4%
25 FMC Materials $7,334 $429 5.8% 30.2% 3.2% 34.4%
26 Bed Bath & Beyond Retailing $14,282 $2,127 14.9% 25.1% 7.4% 34.4%
27 Equifax Comm and Prof Svcs $5,610 $296 5.3% 20.7% 10.6% 33.5%
28 Comcast Media $85,868 $4,241 4.9% 30.0% 2.5% 33.2%
29 The Estée Lauder Companies Household $21,038 $989 4.7% 39.0% -4.3% 33.0%
30 Family Dollar Stores Retailing $7,769 $823 10.6% 32.9% -0.4% 32.3%
31 Airgas Materials $6,461 $600 9.3% 19.9% 10.1% 32.0%
32 Amgen Pharma $56,703 $12,397 21.9% 12.2% 17.6% 32.0%
33 eBay Software and Svcs $54,244 $2,370 4.4% 31.0% -0.1% 30.9%
34 CVS Caremark Food and Staples $59,885 $4,551 7.6% 15.4% 12.9% 30.3%
35 Ralph Lauren Consumer Drbls $12,985 $1,114 8.6% 35.6% -4.0% 30.2%
36 News Corp. Media $53,355 $4,589 8.6% 19.1% 9.1% 29.9%
37 Intel Semiconductors $134,076 $18,772 14.0% 14.8% 12.6% 29.3%
38 Mattel Consumer Drbls $11,048 $894 8.1% 25.0% 2.8% 28.5%
39 Ecolab Materials $20,024 $1,028 5.1% 18.8% 7.7% 27.9%
40 VeriSign Software and Svcs $6,884 $718 10.4% 32.1% -3.5% 27.6%
41 American Express Company Financials $66,995 $4,089 6.1% 18.0% 7.6% 27.0%
42 PPG Industries Materials $16,161 $1,431 8.9% 27.5% -0.5% 26.9%
43 Cintas Comm and Prof Svcs $5,011 $836 16.7% 21.7% 4.1% 26.7%
44 Nike Consumer Drbls $40,034 $3,673 9.2% 22.0% 3.7% 26.5%
45 Moody's Financials $8,213 $558 6.8% 30.6% -3.5% 26.1%
46 KLA-Tencor Semiconductors $8,241 $499 6.1% 29.2% -2.4% 26.1%
47 Fossil Consumer Drbls $4,740 $586 12.4% 58.0% -20.3% 25.9%
48 Marriott International Consumer Svcs $12,975 $2,032 15.7% 10.3% 13.6% 25.3%
49 International Business Machines Software and Svcs $225,598 $28,302 12.5% 26.9% -1.6% 24.8%
50 Gilead Sciences Pharma $38,835 $4,813 12.4% 13.2% 10.0% 24.6%
Source: Fortuna Advisors Analysis using data from the Capital IQ database. Financial Data from June 2010 to June 2012. Includes the 491 members of the current S&P 500 that were public for the full period. Market Capitalization as of: 6/30/2012. Companies Included here if $ Total Buyback / Market Capitalization is greater than 4%

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  • Yes
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