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Second-Quarter 2013 Corporate Buyback Scorecard 201-250

Second-Quarter 2013 Corporate Buyback Scorecard 201-250

Buyback
Scorecard

The table below ranks the 268 companies in the S&P 500 that bought back at least 4 percent or $1 billion of their shares from June 30, 2011 through June 30, 2013. 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$38,681$2,9129.3%13.5%10.4%25.0%
Median$15,858$1,3508.1%13.5%9.7%24.1%
201Ball Corp.Materials$6,180$1,01216.4%10.1%3.0%13.4%
202Waters Corp.Pharmaceuticals, Biotechnology and Life Sciences$8,573$6848.0%1.0%12.1%13.3%
203BorgWarnerAutomobiles and Components$9,955$5355.4%4.1%8.7%13.2%
204Agilent TechnologiesPharmaceuticals, Biotechnology and Life Sciences$14,730$1,1077.5%-4.9%18.9%13.1%
205BMC SoftwareSoftware and Services$6,384$1,83028.7%-7.0%21.4%12.9%
206Allergan.Pharmaceuticals, Biotechnology and Life Sciences$25,908$1,7216.6%-14.3%-1.5%12.5%
207Yum! BrandsConsumer Services$31,192$1,7275.5%15.7%-3.0%12.2%
208ONEOKUtilities$8,514$6017.1%20.1%-6.7%12.0%
209Loews Corp.Insurance$17,270$7024.1%3.9%7.7%11.9%
210Abercrombie & Fitch Co.Retailing$3,545$44512.5%-14.7%30.8%11.5%
211McDonald's Corp.Consumer Services$99,252$4,6324.7%15.4%-3.5%11.3%
212St. Jude MedicalHealthcare Equipment and Services$12,930$2,10116.2%-5.5%17.7%11.3%
213Oracle Corp.Software and Services$142,212$16,87711.9%0.4%10.6%11.0%
214CSX Corp.Transportation$23,699$1,8657.9%0.7%10.0%10.8%
215IntuitSoftware and Services$18,124$1,1926.6%7.7%2.8%10.7%
216CorningTechnology Hardware and Equipment$20,991$1,7328.3%-11.7%25.3%10.6%
217Bed Bath & BeyondRetailing$15,426$2,29914.9%11.8%-1.2%10.5%
218Laboratory Corp. of AmericaHealthcare Equipment and Services$9,306$1,31714.2%0.0%10.5%10.5%
219Deere & Co.Capital Goods$31,529$2,9139.2%1.2%9.2%10.4%
220Norfolk Southern Corp.Norfolk Southern Corporation$22,891$2,86112.5%6.5%3.6%10.3%
221QUALCOMMTechnology Hardware and Equipment$105,553$2,7442.6%8.9%1.1%10.0%
222Darden RestaurantsConsumer Services$6,553$4276.5%7.2%2.6%10.0%
223Exxon Mobil Corp.Energy$401,730$41,61010.4%7.1%2.5%9.8%
224Cardinal Health.Healthcare Equipment and Services$16,134$9075.6%4.4%5.1%9.7%
225PraxairMaterials$34,059$1,4204.2%7.1%2.3%9.5%
226The Mosaic Co.Materials$22,910$1,1635.1%-7.2%17.1%8.7%
227CR BardHealthcare Equipment and Services$8,747$1,06312.2%-0.6%9.4%8.7%
228AutodeskSoftware and Services$7,630$7189.4%-5.6%15.0%8.5%
229Family Dollar StoresRetailing$7,163$4245.9%9.8%-1.3%8.4%
230Fluor Corp.Capital Goods$9,660$6706.9%-3.7%12.4%8.2%
231International Business Machines Corp.Software and Services$211,902$25,16511.9%12.3%-3.7%8.1%
232Intuitive Surgical.Healthcare Equipment and Services$20,327$8354.1%18.6%-8.9%8.1%
233StaplesRetailing$10,536$9358.9%-8.4%17.8%8.0%
234Fossil GroupConsumer Durables and Apparel$6,061$61910.2%-0.2%8.0%7.8%
235FLIR SystemsTechnology Hardware and Equipment$3,827$46812.2%-13.9%24.9%7.5%
236Monster Beverage Corp.Food, Beverage and Tobacco$10,096$8798.7%28.3%-16.5%7.1%
237CF IndustriesMaterials$10,168$2,41623.8%15.7%-7.6%6.9%
238Quest DiagnosticsHealthcare Equipment and Services$9,581$8128.5%2.7%3.6%6.3%
239Varian Medical SystemsHealthcare Equipment and Services$7,313$5477.5%-0.1%6.3%6.2%
240The AES Corp.Utilities$8,951$3734.2%0.5%5.3%5.8%
241Best Buy Co.Retailing$9,288$94010.1%-5.1%11.5%5.7%
242Intel Corp.Semiconductors and Semiconductor Equipment$120,447$14,62512.1%7.9%-3.1%4.6%
243HumanaHealthcare Equipment and Services$13,290$9897.4%2.9%1.4%4.3%
244Hewlett-Packard Co.Technology Hardware and Equipment$47,828$3,1696.6%-21.4%32.5%4.2%
245Jabil CircuitTechnology Hardware and Equipment$4,130$45210.9%-1.4%4.7%3.2%
246Kohl's Corp.Retailing$11,186$2,71724.3%-0.6%3.6%3.0%
247The Western Union Co.Software and Services$9,532$1,22812.9%-9.9%13.9%2.7%
248Cablevision Systems Corp.Media$4,492$3848.5%-20.0%26.6%1.3%
249SchlumbergerEnergy$95,268$2,1132.2%-5.5%6.7%0.8%
250Cognizant Technology Solutions Corp.Software and Services$18,893$8504.5%-6.5%7.6%0.6%
Source: Fortuna Advisors Analysis using data from the Capital IQ database. Financial Data from June 2011 to June 2013. Includes the 487 members of the current S&P 500 that were public for the full period. Market Capitalization as of: 06/30/2013. Companies Included here if $ Total Buyback / Market Capitalization is greater than 4% or if $ Total Buyback is greater than $1 Billion.

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