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Investment Strategies / Mechanical Investing
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Author: lizgdal   😊 😞
Number: of 3957 
Subject: Re: Buybacks
Date: 01/26/2024 1:15 PM
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No. of Recommendations: 4
A few screens have been posted, but underperformed over the past 10 years:

Screen                                                  CAGR
Shrinkage 7
PimVanVlietNetPayoutYield_20220608_orrsam 8
PimVanVlietShareholderYield_20220608_orrsam 6
PimVanVlietShareholderYield_ignoreCash_20220608_orrsam 7
Pim_Van_Vliet_Shareholder_Yield_20180907_Whoop8 6
ShareRatioRTM_20180105_borisnand 9
SP1500EqualWeight 10


The etf SYLD has done better, with a 10-year CAGR of 12%.
"Selection starts with the top 20% stocks by combining two popular themes dividend payments and share buybacks. The funds quantitative algorithm then factors in the debt paydowns of the remaining stocks and applies valuation factors."
https://etf.com/SYLD

I use a screen (not posted), with a 10-year CAGR of 14%, that uses 12m Earnings Yield, Current Earnings Yield, FCF Yield, and Shareholder Yield. (Shareholder Yield is Yield plus Buyback Yield.) This screen does not adjust for debt, because CAGR goes down when I add debt criteria.

https://gtr1.net/2013/?~Shrinkage:h21f0.4::styp.a:...(1,ord(1),-1,Q1End)am252:dspo(1)al252:MktCap:gt1000:aprc:gt10:Shrinkage:lt0.95:Shrinkage:gt0:Equity:gt0:ROE:tn5:MktCap:pref(product(csoq1d.s,sprc),product(cshoq1d.c,cprc)):Q1End:pref(perendq1.s,ordq1.c):Shrinkage:pref(ratio(shraq1.s,shraq5.s),ratio(cshoq1d.c,cshoq5d.c)):NetInc:pref(netinc12mq1d.s,ni12mq1d.c):Equity:pref(equityq1.s,ceqq1.c):ROE:ratio(NetInc,Equity)
https://gtr1.net/2013/?~PimVanVlietNetPayoutYield_...
https://gtr1.net/2013/?~PimVanVlietShareholderYiel...
https://gtr1.net/2013/?~PimVanVlietShareholderYiel...
https://gtr1.net/2013/?~Pim_Van_Vliet_Shareholder_...
https://gtr1.net/2013/?~ShareRatioRTM_20180105_bor...
https://gtr1.net/2013/?~SP1500EqualWeight:h63f0.4:...
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