Shareholder return of the Euro Stoxx 50 companies: 2004 – 2020

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See all articles by Pablo Fernandez

Pablo Fernandez

IESE Business School

Eduardo de Apellániz

Instituto de Estudos Sociais e Economicos (IESE)

Date Written: May 13, 2020

Abstract

We calculate the shareholder returns of the companies in the Euro Stoxx 50 in the period 2004 - April 2020. We analyze 62 companies: 47 that were in the Euro Stoxx 50 in April 2020 and had trading records since December 2004 and 15 companies that had been in the Euro Stoxx 50 in the period.
In the period December 2004-April 30, 2020, 19 companies had negative return and the average annual return was 4,8%.
In the first four months of 2020, 6 companies had positive return and the average return was -24,4%.
In the period December 2018-April 30, 2020, 26 companies had positive return and the average return was -3,2%.
The correlation of return (December 2004-April 30, 2020) and Market Cap. in 2004 was -38%. The correlation of return (December 2018-April 30, 2020) and Market Cap. in 2018 was 43%.
34 companies had a price decrease (including dividends received) in the period 2004 – April 30, 2020 higher than 60%, 46 companies higher than 50% and 55 companies higher than 40%.

Keywords: Euro Stoxx 50, shareholder return, price decrease, capitalization

JEL Classification: G12, G31, M21

Suggested Citation

Fernandez, Pablo and de Apellániz, Eduardo, Shareholder return of the Euro Stoxx 50 companies: 2004 – 2020 (May 13, 2020). Available at SSRN: https://ssrn.com/abstract=

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Eduardo De Apellániz

Instituto de Estudos Sociais e Economicos (IESE)

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