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2016年第一季度Corporate Buyback Scorecard; 301-305

    Buyback ScorecardHave Stock Buybacks Lost Their Credibility? Best & Worst Companies Industry Comparisons

    The table below ranks the 305 companies in the S&P 500 that bought back at least 4 percent or more than $1 billion of their shares from March 31, 2014 to March 31, 2016. 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亚博赞助欧冠, 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 Repurchasers1—50|51—100|101—150|151—200|201—250|251—300|301—305
    Company Industry Market
    Capitalization
    $ Total
    Buyback
    $ Total
    Buyback
    / Market Cap
    Buyback
    Strategy
    Buyback
    Effectiveness
    Buyback ROI
    Average $45,750 $3,542 10.2% 3.0% -8.6% -5.3%
    Median $20,394 $1,726 7.8% 3.6% -7.4% -5.3%
    301 E*TRADE Financial Corp. Diversified Financials 6,844 351 5.1 5.1 -52.1 -49.6
    302 Marathon Oil Corp. Energy 9,399 449 4.8 -45.9 -13.3 -53.1
    303 NRG Energy Utilities 4,110 476 11.6 -35.1 -34.9 -57.8
    304 Murphy Oil Corp. Energy 4,338 375 8.6 -40.2 -30.1 -58.2
    305 Micron Technology Semiconductors and Semiconductor Equipment 10,862 1,034 9.5 -31.4 -42.9 -60.8
    Source: Fortuna Advisors Analysis using data from the Capital IQ database.

    Financial Data from March 2014 to March 2016. Includes the 486 members of the
    current S&P 500 that were public for the full period.

    Market Capitalization as of: 3/31/2016.

    Companies Included here if $ Total Buyback / Market Capitalization is greater than
    4% or if $ Total Buyback is greater than $1 billion.