|
Buyback Scorecard CFOs Share Their Stock Buyback Secrets Best and Worst Programs Industry Comparisons |
The table below ranks the 270 companies in the S&P 500 that bought back at least 4 percent of their shares from March 31, 2012, through March 31, 2014. 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 1—50 | 51—100 | 101—150 | 151—200 | 201—250 | 251—270 | ||||||||
| Company | Industry | Market Capitalization | $ Total Buyback | $ Total Buyback / Market Cap | Buyback Strategy | Buyback Effectiveness | Buyback ROI | |
| Average | $46,040 | $3,349 | 8.6% | 22.3% | 4.3% | 27.5% | ||
| Median | $21,057 | $1,530 | 7.2% | 22.4% | 3.4% | 27.4% | ||
| 251 | Laboratory Corp. of America | Healthcare Equipment and Services | 8,377 | 1,518 | 18.1 | 1.8 | -3.3 | -1.6 |
| 252 | Jabil Circuit | Technology Hardware and Equipment | 3,712 | 278 | 7.5 | -12.6 | 12.3 | -1.9 |
| 253 | Family Dollar Stores | Retailing | 6,599 | 319 | 4.8 | 7.6 | -9.0 | -2.1 |
| 254 | International Game Technology | Consumer Services | 3,469 | 827 | 23.8 | 0.1 | -2.7 | -2.6 |
| 255 | Denbury Resources | Energy | 5,777 | 757 | 13.1 | -7.0 | 4.4 | -2.9 |
| 256 | PetSmart | Retailing | 6,798 | 876 | 12.9 | 10.9 | -12.4 | -2.9 |
| 257 | International Business Machines Corp. | Software and Services | 200,448 | 31,005 | 15.5 | -0.9 | -2.5 | -3.4 |
| 258 | Target Corp. | Retailing | 38,313 | 2,744 | 7.2 | 7.5 | -10.4 | -3.7 |
| 259 | Philip Morris International | Food, Beverage and Tobacco | 129,388 | 12,302 | 29.5 | 3.9 | -8.6 | -5.1 |
| 260 | Intuitive Surgical | Healthcare Equipment and Services | 16,790 | 1,348 | 8.0 | -7.6 | 1.6 | -6.2 |
| 261 | Marathon Oil Corp. | Energy | 24,573 | 1,051 | 4.3 | 3.8 | -11.6 | -8.2 |
| 262 | CH Robinson Worldwide | Transportation | 7,719 | 1,004 | 13.0 | -7.1 | -1.5 | -8.5 |
| 263 | Mattel | Consumer Durables and Apparel | 13,652 | 555 | 54.1 | 16.3 | -21.3 | -8.5 |
| 264 | Coach | Consumer Durables and Apparel | 13,785 | 1,094 | 7.9 | -15.1 | 4.7 | -11.1 |
| 265 | Quest Diagnostics | Healthcare Equipment and Services | 8,356 | 1,219 | 14.6 | -2.5 | -9.3 | -11.6 |
| 266 | Apache Corp. | Energy | 32,742 | 1,500 | 4.6 | -9.9 | -1.9 | -11.6 |
| 267 | Citrix Systems | Software and Services | 10,555 | 557 | 5.3 | -9.2 | -3.7 | -12.6 |
| 268 | Edwards Lifesciences Corp. | Healthcare Equipment and Services | 7,797 | 1,050 | 13.5 | -3.1 | -10.0 | -12.8 |
| 269 | CenturyLink | Telecommunication Services | 18,980 | 1,940 | 10.2 | -4.3 | -9.6 | -13.4 |
| 270 | Teradata Corp. | Software and Services | 7,848 | 745 | 9.5 | -13.4 | -10.8 | -22.8 |
| Source: Fortuna Advisors Analysis using data from the Capital IQ database. Financial Data from March 2012 to March 2014. Includes the 490 members of the current S&P 500 that were public for the full period. Market Capitalization as of: 03/31/2014. Companies Included here if $ Total Buyback / Market Capitalization is greater than 4% or if $ Total Buyback is greater than $1 Billion. | ||||||||