Buyback
Scorecard
Stock Buybacks Prepare for the Bear Market
Best & Worst Companies
Industry Comparisons
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 the S&P 500 Stack Up
as Stock Repurchasers
1—50 | 51—100 | 101—150 | 151—200 | 201—250 | 251—284
Company Industry Market
Capitalization $ Total
Buyback $ Total
Buyback
/ Market Cap Buyback
Strategy Buyback
Effectiveness Buyback ROI Average $49,337 $3,692 9.5% 17.8% -3.2% 14.2% Median $22,959 $1,908 7.6% 17.9% -3.7% 14.9% 251 Loews Corp. Insurance 14,302 957 6.7 -4.2 -1.8 -5.9 252 The Hershey Co. Food, Beverage and Tobacco 19,458 892 4.6 5.5 -11.1 -6.3 253 American Express Co. Diversified Financials 78,948 8,201 10.4 6.8 -12.4 -6.4 254 Caterpillar Capital Goods 51,201 5,763 11.3 3.4 -10.5 -7.4 255 Jacobs Engineering Group Capital Goods 5,101 451 8.8 -9.3 1.8 -7.7 256 Teradata Corp. Software and Services 5,482 1,057 19.3 -12.6 5.2 -8.1 257 Chevron Corp. Energy 181,410 6,878 3.8 -3.5 -4.9 -8.2 258 Keurig Green Mountain Food, Beverage and Tobacco 11,799 2,033 17.2 21.4 -25.2 -9.2 259 Viacom Media 25,671 6,796 26.5 2.6 -11.8 -9.6 260 Occidental Petroleum Corp. Energy 59,737 3,951 6.6 -1.0 -8.8 -9.7 261 SanDisk Corp. Technology Hardware and Equipment 12,105 3,598 29.7 9.7 -17.9 -9.9 262 Pentair Capital Goods 12,350 1,126 9.1 8.2 -16.8 -9.9 263 Garmin Ltd. Consumer Durables and Apparel 8,410 380 4.5 19.7 -24.8 -10.0 264 Cameron International Corp. Energy 10,024 3,348 33.4 -8.7 -2.2 -10.7 265 Harley-Davidson Automobiles and Components 11,728 1,245 10.6 4.6 -15.4 -11.6 266 NetApp Technology Hardware and Equipment 9,625 2,627 27.3 -0.6 -11.3 -11.8 267 Precision Castparts Corp. Capital Goods 27,628 2,254 8.2 1.8 -13.7 -12.1 268 Owens-Illinois Materials 3,699 158 4.3 -5.1 -7.4 -12.1 269 Hess Corp. Energy 19,220 5,295 27.5 2.5 -15.1 -13.0 270 Marathon Oil Corp. Energy 17,913 1,500 8.4 -6.5 -7.2 -13.2 271 Discovery Communications Media 21,401 2,730 12.8 -8.0 -6.0 -13.5 272 Scripps Networks Interactive Media 8,396 1,491 17.8 1.8 -15.5 -14.0 273 Flowserve Corp. Capital Goods 7,093 538 7.6 2.5 -17.6 -15.6 274 Ralph Lauren Corp. Consumer Durables and Apparel 11,344 1,058 9.3 -11.4 -4.9 -15.7 275 Coach Consumer Durables and Apparel 9,562 525 5.5 -15.0 -2.1 -16.8 276 Fluor Corp. Capital Goods 7,815 1,189 15.2 -1.4 -15.8 -17.0 277 Murphy Oil Corp. Energy 7,398 875 11.8 -6.1 -13.6 -18.9 278 Joy Global Capital Goods 3,528 533 15.1 -13.3 -6.7 -19.1 279 FMC Technologies Energy 9,581 407 4.2 -13.1 -11.6 -23.2 280 Mattel Consumer Durables and Apparel 8,692 519 6.0 -20.0 -4.2 -23.3 281 Apache Corp. Energy 21,732 2,612 12.0 -9.9 -18.1 -26.2 282 Fossil Group Consumer Durables and Apparel 3,385 1,007 29.7 -12.3 -16.9 -27.2 283 National Oilwell Varco Energy 18,726 2,556 13.6 -6.7 -26.4 -31.3 284 Michael Kors Holdings Ltd. Consumer Durables and Apparel 8,372 849 10.1 -1.9 -42.9 -44.0 Source: Fortuna Advisors Analysis using data from the Capital IQ database. Financial Data from June 2013 to June 2015. Includes the 488 members of the current S&P 500 that were public for the full period. Market Capitalization as of: 06/30/2015. Companies included here if $ Total Buyback / Market Capitalization is greater than 4% or if $ Total Buyback is greater than $1 billion.