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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Investment Strategies / Mechanical Investing
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Author: lizgdal   😊 😞
Number: of 6132 
Subject: Re: Buybacks
Date: 01/26/24 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.

gtr1.net: GTR1 Backtester - Shrinkage(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)
gtr1.net: GTR1 Backtester - PimVanVlietNetPayoutYield_20220608_orrsam
https://gtr1.net/2013/?~PimVanVlietShareholderYiel...
https://gtr1.net/2013/?~PimVanVlietShareholderYiel...
gtr1.net: GTR1 Backtester - Pim_Van_Vliet_Shareholder_Yield_20180907_Whoop8
gtr1.net: GTR1 Backtester - ShareRatioRTM_20180105_borisnand
gtr1.net: GTR1 Backtester - SP1500EqualWeight
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This community has written 6,115 posts about Mechanical Investing. The article-length ones it recommended most:
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