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Second-Quarter 2015 Corporate Buyback Scorecard; Industry Comparison
How Industries Compare as Stock Repurchasers. The table below ranks the 284 companies in the S&P 500 that bought back at least 4 percent of their shares from June 30, 2013, through June 30, 2015.
Buyback Scorecard |
The table below ranks the 284 companies in the S&P 500 that bought back at least 4 percent of their shares from June 30, 2013, through June 30, 2015. 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 Industries Compare as Stock Repurchasers | |||||||||
| Industry | Market Cap ($ Millions) | Total Buyback (S Millions) | $ Total Buyback as % Market Cap | Buyback Strategy | Buyback Effectiveness | Buyback ROI | |||
| Healthcare Equipment and Services | 989,857 | 58,443 | 5.9 | 30.6 | 1.7 | 32.8 | |||
| Technology Hardware and Equipment | 1,238,422 | 143,873 | 11.6 | 30.5 | -1.7 | 28.3 | |||
| Food and Staples Retailing | 568,878 | 20,373 | 3.6 | 26.1 | 1.1 | 27.6 | |||
| Retailing | 948,102 | 56,904 | 6.0 | 22.9 | 2.9 | 26.4 | |||
| Real Estate | 472,327 | 2,517 | 0.5 | 12.4 | 9.8 | 23.3 | |||
| Semiconductors and Semiconductor Equipment | 431,756 | 28,078 | 6.5 | 24.3 | -4.5 | 18.7 | |||
| Consumer Services | 356,266 | 16,976 | 4.8 | 17.4 | 1.1 | 18.6 | |||
| Pharmaceuticals, Biotechnology and Life Sciences | 1,820,868 | 70,125 | 3.9 | 22.2 | -4.8 | 16.3 | |||
| Transportation | 396,593 | 28,379 | 7.2 | 27.8 | -9.3 | 15.9 | |||
| Software and Services | 2,165,985 | 124,560 | 5.8 | 15.9 | -1.6 | 14.0 | |||
| Materials | 593,189 | 40,706 | 6.9 | 17.8 | -3.3 | 14.0 | |||
| Insurance | 504,957 | 47,040 | 9.3 | 17.0 | -2.6 | 13.9 | |||
| Diversified Financials | 762,182 | 52,590 | 6.9 | 18.7 | -4.1 | 13.8 | |||
| Banks | 1,153,745 | 47,877 | 4.1 | 17.6 | -3.6 | 13.4 | |||
| Consumer Durables and Apparel | 303,869 | 14,103 | 4.6 | 16.1 | -2.7 | 13.0 | |||
| Media | 655,503 | 58,934 | 9.0 | 17.8 | -4.2 | 12.9 | |||
| Capital Goods | 1,372,209 | 96,275 | 7.0 | 20.4 | -7.2 | 11.6 | |||
| Food, Beverage and Tobacco | 981,971 | 44,985 | 4.6 | 11.0 | -1.4 | 9.4 | |||
| Commercial and Professional Services | 122,122 | 9,060 | 7.4 | 15.0 | -5.5 | 8.7 | |||
| Automobiles and Components | 202,385 | 15,738 | 7.8 | 14.2 | -5.2 | 8.3 | |||
| Telecommunication Services | 415,495 | 12,148 | 2.9 | 2.1 | 3.7 | 5.9 | |||
| Household and Personal Products | 356,453 | 18,462 | 5.2 | 7.2 | -2.4 | 4.6 | |||
| Utilities | 517,881 | 3,479 | 0.7 | 6.9 | -5.2 | 1.3 | |||
| Energy | 1,455,533 | 73,758 | 5.1 | 3.3 | -6.3 | -3.2 | |||
| S&P 500 | 18,786,549 | 1,085,382 | 5.8 | 19.5 | -3.0 | 16.0 | |||