Buyback
Scorecard
CFOs Share Their Stock Buyback Secrets
Best and Worst Programs
Industry Comparisons
The table below ranks the 274 companies in the S&P 500 that bought back at least 4 percent of their shares from June 30, 2012, through June 30, 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—274
Company Industry Market
Capitalization $ Total
Buyback $ Total
Buyback
/ Market Cap Buyback
Strategy Buyback
Effectiveness Buyback ROI Average $47,210 $3,341 8.5% 24.7% 0.0% 24.5% Median $21,878 $1,619 7.4% 24.9% 0.1% 24.0% 251 Dollar Tree Retailing 11,263 1,376 12.2 1.6 0.9 2.5 252 CH Robinson Worldwide Transportation 9,468 1,010 10.7 0.9 1.5 2.4 253 Philip Morris International Food, Beverage and Tobacco 132,609 11,710 8.8 3.9 -1.9 1.9 254 Fossil Group Consumer Durables and Apparel 5,594 914 16.3 5.1 -3.4 1.6 255 Altera Corp. Semiconductors and Semiconductor Equipment 10,889 724 6.7 0.2 1.1 1.3 256 Quest Diagnostics Healthcare Equipment and Services 8,480 1,194 14.1 2.6 -2.1 0.5 257 Discovery Communications Media 21,191 2,308 10.9 22.3 -18.9 -0.8 258 International Business Machines Corp. Software and Services 183,478 31,680 17.3 -0.9 1.7 0.8 259 Citigroup Banks 143,080 2,463 1.7 26.1 -22.7 -2.5 260 NetApp Technology Hardware and Equipment 11,814 2,440 20.7 1.6 -5.1 -3.6 261 Staples Retailing 7,009 507 7.2 -5.4 1.2 -4.2 262 Target Corp. Retailing 36,723 2,206 6.0 3.9 -9.4 -5.8 263 eBay Software and Services 63,443 5,114 8.1 14.2 -18.0 -6.4 264 Bed Bath & Beyond Retailing 11,588 2,252 19.4 -5.1 -1.9 -6.9 265 Citrix Systems Software and Services 10,250 2,058 20.1 -12.2 5.5 -7.4 266 Mattel Consumer Durables and Apparel 13,221 653 4.9 13.6 -18.7 -7.6 267 PetSmart Retailing 5,933 829 14.0 3.0 -10.4 -7.8 268 Ralph Lauren Corp. Consumer Durables and Apparel 14,208 970 6.8 0.2 -8.2 -8.0 269 Navient Corp. Diversified Financials 7,487 720 9.6 15.9 -21.3 -8.8 270 Intuitive Surgical Healthcare Equipment and Services 15,815 2,332 14.7 -14.7 4.9 -10.6 271 Urban Outfitters Retailing 4,664 364 7.8 11.9 -23.9 -14.8 272 Teradata Corp. Software and Services 6,340 806 12.7 -20.7 0.9 -20.1 273 Coach Consumer Durables and Apparel 9,374 925 9.9 -18.7 -1.9 -20.3 274 Whole Foods Market Food and Staples Retailing 14,199 603 4.2 1.4 -21.7 -20.5 Source: Fortuna Advisors Analysis using data from the Capital IQ database. Financial Data from June 2012 to June 2014. Includes the 490 members of the current S&P 500 that were public for the full period. Market Capitalization as of: 06/01/2014. Companies Included here if $ Total Buyback / Market Capitalization is greater than 4% or if $ Total Buyback is greater than $1 Billion.