2012 Corporate 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
|
| |
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% |