Second-Quarter 2015 Corporate Buyback Scorecard; Industry Comparison

Buyback Scorecard Stock Buybacks Prepare for the Bear Market 标准普尔500指数股票回购者 Best & Worst Companies

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 Industries Compare as Stock Repurchasers
Industry	Market Cap ($ Millions)	Total Buyback (S Millions)	$ Total Buyback as % Market Cap	Buyback Strategy	Buyback Effectiveness	Buyback ROI
Healthcare Equipment and Services	989,857	58,443	5.9	30.6	1.7	32.8
Technology Hardware and Equipment	1,238,422	143,873	11.6	30.5	-1.7	28.3
Food and Staples Retailing	568,878	20,373	3.6	26.1	1.1	27.6
Retailing	948,102	56,904	6.0	22.9	2.9	26.4
Real Estate	472,327	2,517	0.5	12.4	9.8	23.3
Semiconductors and Semiconductor Equipment	431,756	28,078	6.5	24.3	-4.5	18.7
Consumer Services	356,266	16,976	4.8	17.4	1.1	18.6
Pharmaceuticals, Biotechnology and Life Sciences	1,820,868	70,125	3.9	22.2	-4.8	16.3
Transportation	396,593	28,379	7.2	27.8	-9.3	15.9
Software and Services	2,165,985	124,560	5.8	15.9	-1.6	14.0
伴侣rials	593189年	40,706	6.9	17.8	-3.3	14.0
Insurance	504,957	47,040	9.3	17.0	-2.6	13.9
Diversified Financials	762,182	52,590	6.9	18.7	-4.1	13.8
Banks	1,153,745	47,877	4.1	17.6	-3.6	13.4
Consumer Durables and Apparel	303,869	14,103	4.6	16.1	-2.7	13.0
Media	655,503	58,934	9.0	17.8	-4.2	12.9
Capital Goods	1,372,209	96,275	7.0	20.4	-7.2	11.6
Food, Beverage and Tobacco	981,971	44,985	4.6	11.0	-1.4	9.4
Commercial and Professional Services	122,122	9,060	7.4	15.0	-5.5	8.7
Automobiles and Components	202,385	15,738	7.8	14.2	-5.2	8.3
Telecommunication Services	415,495	12,148	2.9	2.1	3.7	5.9
Household and Personal Products	356,453	18,462	5.2	7.2	-2.4	4.6
Utilities	517,881	3,479	0.7	6.9	-5.2	1.3
Energy	1,455,533	73,758	5.1	3.3	-6.3	-3.2
S&P 500	18,786,549	1,085,382	5.8	19.5	-3.0	16.0
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.