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Fundamental Macro Trends & Sector Fundamentals

S&P 500 PEBV Ratio Analysis
June 2, 20220Comments

All Cap Index & Sectors: Price to Economic Book Value Looks Cheaper Through 5/16/22, But Downside Risks Loom (Free, Abridged)

This report is an abridged and free version of All Cap Index & Sectors: Price to Economic Book Value Looks Cheaper Through 5/16/22, But Downside Risks Loom.
by Kyle Guske II, Senior Investment Analyst, MBA
June 2, 20220Comments

All Cap Index & Sectors: Price to Economic Book Value Looks Cheaper Through 5/16/22, But Downside Risks Loom

This report analyzes market cap, economic book value, and the trailing price-to-economic book value (PEBV) ratio for the NC 2000 and each of its sectors.
by Kyle Guske II, Senior Investment Analyst, MBA
June 2, 20220Comments

All Cap Index & Sectors: Free Cash Flow Yield Near Record Highs Through 5/16/22 (Free, Abridged)

This report is an abridged and free version of All Cap Index & Sectors: Free Cash Flow Yield Near Record Highs Through 5/16/22.
by Kyle Guske II, Senior Investment Analyst, MBA
June 2, 20220Comments

All Cap Index & Sectors: Free Cash Flow Yield Near Record Highs Through 5/16/22

This report analyzes free cash flow (FCF), enterprise value, and the trailing FCF yield for the NC 2000 and each of its sectors.
by Kyle Guske II, Senior Investment Analyst, MBA
Economic Earnings
June 2, 20220Comments

All Cap Index & Sectors: Inflation Inflates ROICs for 1Q22 (Free, Abridged)

This report is an abridged and free version of All Cap Index & Sectors: Inflation Inflates ROICs for 1Q22.
by Kyle Guske II, Senior Investment Analyst, MBA
Most Likely to Beat Earnings
June 2, 20220Comments

All Cap Index & Sectors: Inflation Inflates ROICs for 1Q22

This report analyzes the return on invested capital (ROIC), NOPAT margin, invested capital turns, and weighted average cost of capital (WACC) for the NC 2000.
by Kyle Guske II, Senior Investment Analyst, MBA
June 2, 20220Comments

All Cap Index & Sectors: Earnings Distortions Flash Warning Signs for Equity Investors (Free, Abridged)

This report is an abridged and free version of All Cap Index & Sectors: Earnings Distortions Flash Warning Signs For Equity Investors.
by Kyle Guske II, Senior Investment Analyst, MBA
June 2, 20220Comments

All Cap Index & Sectors: Earnings Distortions Flash Warning Signs for Equity Investors

This report analyzes the Core Earnings and GAAP earnings of the NC 2000 and each of its sectors.
by Kyle Guske II, Senior Investment Analyst, MBA
June 2, 20220Comments

Operating Earnings Growth Slowing, But Still Overstated After 1Q22

Operating Earnings calculated by S&P Global (SPGI) for the S&P 500 overstate Core Earnings and stocks are more expensive than they appear.
by Kyle Guske II, Senior Investment Analyst, MBA
Core Earnings
June 2, 20220Comments

S&P 500 Economic Earnings Set Records, but WACC Is a Drag (Free, Abridged)

This report is an abridged and free version of S&P 500 Economic Earnings Set Records, but WACC Is a Drag.
by Matt Shuler, Investment Analyst II
Economic Earnings vs. GAAP Earnings
June 2, 20220Comments

S&P 500 Economic Earnings Set Records, but WACC Is a Drag

This report analyzes the economic earnings and GAAP earnings for the S&P 500 and its sectors based on financial filings through the first quarter of 2022.
by Matt Shuler, Investment Analyst II
Overstated Earnings
May 27, 20220Comments

Street Earnings Overstated for 67% of S&P 500 Companies in 1Q22

Five S&P 500 companies with overstated Street Earnings and an Unattractive-or-worse Stock Rating.
by Kyle Guske II, Senior Investment Analyst, MBA
Understated Earnings
May 27, 20220Comments

Street Earnings Understated for 30% of S&P 500 Companies in 1Q22

Five S&P 500 companies with understated Street Earnings and a Very Attractive Stock Rating.
by Kyle Guske II, Senior Investment Analyst, MBA
PEBV Ratio Analysis
May 26, 20220Comments

S&P 500 & Sectors: Price-to-Economic Book Value Looks  Cheaper But Still Not Cheap (Free, Abridged)

This report is an abridged and free version of S&P 500 & Sectors: Price-to-Economic Book Value Looks  Cheaper But Still Not Cheap.
by Kyle Guske II, Senior Investment Analyst, MBA
S&P 500 PEBV Ratio Analysis
May 26, 20220Comments

S&P 500 & Sectors: Price-to-Economic Book Value Looks Cheaper But Still Not Cheap

This report analyzes the trailing PEBV ratio for the S&P 500 and each of its sectors based on financial filings through the first quarter of 2022.
by Kyle Guske II, Senior Investment Analyst, MBA
May 26, 20220Comments

S&P 500 & Sectors: Free Cash Flow Is Up But Prices Are Down (Free, Abridged)

This report is an abridged and free version of S&P 500 & Sectors: Free Cash Flow Is Up But Prices Are Down.
by Kyle Guske II, Senior Investment Analyst, MBA
Free Cash Flow & FCF Yield
May 26, 20220Comments

S&P 500 & Sectors: Free Cash Flow Is Up But Prices Are Down

This report analyzes, free cash flow, enterprise value, and the trailing FCF yield for the S&P 500 and each of its sectors through 1Q22.
by Kyle Guske II, Senior Investment Analyst, MBA
May 26, 20220Comments

S&P 500 & Sectors: ROIC Hits New Peak, but Can It Last? (Free, Abridged)

This report is an abridged and free version of S&P 500 & Sectors: ROIC Hits New Peak, but Can It Last?.
by Kyle Guske II, Senior Investment Analyst, MBA
ROIC vs. WACC
May 26, 20220Comments

S&P 500 & Sectors: ROIC Hits New Peak, but Can It Last?

This report presents the drivers of economic earnings for the S&P 500.
by Kyle Guske II, Senior Investment Analyst, MBA
Core v. GAAP Abridged
May 26, 20220Comments

S&P 500 & Sectors: Beware the GAAP Gap in S&P 500 Earnings (Free, Abridged)

This report is an abridged and free version of S&P 500 & Sectors: Beware the GAAP Gap in S&P 500 Earnings.
by Kyle Guske II, Senior Investment Analyst, MBA
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