A few high return companies that aggressively buy back shares.
A few high return companies, that aggressively buy back shares.
I was looking for companies with: 1) 10 yr avg ROIC over 10%, 2) 5 yr annualized buyback rate over 3%, and 3) fwd PE under 17.
For the 5 yr annualized BB rate, I took the most recent yr’s share count, and the share count from 5 years ago, and simply plugged them in this CAGR calculator: http://www.moneychimp.com/calculator/discount_rate_calculator.htm
For added context, I also threw in data on dividend yield, the sum of 5 yr bb rate % and current dividend yield, ev/ebit, p/fcf, and roic trend
Share count, ROIC, fwd PE, div yield data all came from Morningstar, and ev/ebit and p/fcf info came from Gurufocus.
I found 28 companies that essentially fit these requirements. The 28 companies on this list aren’t necessarily stocks to go out and buy right this second, (though some are), it’s really just a watch list of sorts. Most of these companies are decent and worth following.
Here are 28 intriguing, high return companies that aggressively buyback shares:
p.s. the NMF means “no meaningful figure” and is showing in the ROIC column for companies with negative book value.
The 28 companies on this list aren’t necessarily stocks to go out and buy right this second, (though some are), it’s really just a watch list of sorts. Many of these companies are of decent quality and worth following.
p.s.s. If you can think of any other companies that would make this list…please comment and let me know.
p.s.s.s. I still don't know how to format these correctly. I don't know why some parts are bold. I have the tech skills of a 4 year old.