Stock Buybacks Since 2000

Stock Buybacks Since 2000 Thanks to tax cuts and low interest rates, the stock market should get around $1 trillion boost via buybacks this year. Picture source: Goldman Sachs Global Investment Research

Dividends and Buybacks vs. Free Cash Flow

Dividends and Buybacks vs. Free Cash Flow Dividends and buybacks have exceeded free cash flow levels again, thanks to low interest rates. But companies cannot spend more than they earn forever. Picture source: Capital Group

Buyback Contribution to EPS Growth

Buyback Contribution to EPS Growth Buybacks constitute a very important part of the earnings payout. Without them, there is no EPS growth. Picture source: Credit Suisse Research

S&P 500 Buyback Index vs. S&P 500 Total Return Index

S&P 500 Buyback Index vs. S&P 500 Total Return Index This chart clearly shows the large divergence between the S&P 500 Buyback Index and the S&P 500 Total Return Index. Picture source: Real Investment Advice

S&P 500 Buybacks Index

S&P 500 Buybacks Index The S&P 500 Buyback Index is down on a YoY basis. As a reminder, buybacks are the source of the rally in the stock market since 2009. Picture source: Crescat Capital LLC

Share Buybacks in China

Share Buybacks in China Chinese companies are buying back record amounts of stocks. Picture source: Goldman Sachs Global Investment Research

S&P 500 Use of Cash and Buybacks

S&P 500 Use of Cash and Buybacks This chart shows that buybacks account for the largest share of cash spending by companies in the S&P 500. Picture source: Goldman Sachs Global Investment Research