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Fundamental Macro Trends & Sector Fundamentals

Core vs. GAAP Earnings
May 26, 20220Comments

S&P 500 & Sectors: Beware the GAAP Gap in S&P 500 Earnings

This report analyzes the Core Earnings and GAAP earnings of the S&P 500 and each of its sectors.
by Kyle Guske II, Senior Investment Analyst, MBA
April 8, 20220Comments

Overstated Operating Earnings Increase Risk for the S&P 500 Even After Index Falls in 2022

The Operating Earnings from S&P Global (SPGI) for the S&P 500 overstate Core Earnings, which increases downside risk for the index. 2022 Update.
by Kyle Guske II, Senior Investment Analyst, MBA
S&P 500 PEBV Ratio Analysis
April 6, 20220Comments

All Cap Index & Sectors: Price to Economic Book Value Through 3/11/22 (Free, Abridged)

This report is an abridged and free version of All Cap Index & Sectors: Price to Economic Book Value Through 3/11/22.
by Matt Shuler, Investment Analyst II
April 6, 20220Comments

All Cap Index & Sectors: Price to Economic Book Value Through 3/11/22

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
April 6, 20220Comments

All Cap Index & Sectors: Free Cash Flow Yield Through 3/11/22 (Free, Abridged)

This report is an abridged and free version of All Cap Index & Sectors: Free Cash Flow Yield Through 3/11/22.
by Matt Shuler, Investment Analyst II
April 6, 20220Comments

All Cap Index & Sectors: Free Cash Flow Yield Through 3/11/22

This report analyzes free cash flow (FCF), enterprise value, and the trailing FCF yield for the NC 2000.
by Matt Shuler, Investment Analyst II
Economic Earnings
April 6, 20220Comments

All Cap Index & Sectors: ROIC Vs. WACC Through 2021 (Free, Abridged)

This report is an abridged and free version of All Cap Index & Sectors: ROIC vs. WACC Through 2021.
by Kyle Guske II, Senior Investment Analyst, MBA
Most Likely to Beat Earnings
April 6, 20220Comments

All Cap Index & Sectors: ROIC Vs. WACC Through 2021

This report analysis 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
April 6, 20220Comments

All Cap Index & Sectors: Core Earnings Vs. GAAP Earnings Thru 2021 (Free, Abridged)

This report is an abridged and free version of All Cap Index & Sectors: Core Earnings Vs. GAAP Earnings Thru 2021.
by Matt Shuler, Investment Analyst II
April 6, 20220Comments

All Cap Index & Sectors: Core Earnings Vs. GAAP Earnings Thru 2021

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
Understated Earnings
April 5, 20220Comments

Street Earnings Understated for These S&P 500 Companies in 2021

Five S&P 500 companies with understated Street Earnings and a Very Attractive Stock Rating.
by Kyle Guske II, Senior Investment Analyst, MBA
Overstated Earnings
April 4, 20220Comments

Street Earnings Overstated for Most S&P 500 Companies in 2021

Five S&P 500 companies with overstated Street Earnings and a Very Unattractive Stock Rating in 2021.
by Kyle Guske II, Senior Investment Analyst, MBA
PEBV Ratio Analysis
April 1, 20220Comments

S&P 500 & Sectors: Price-to-Economic Book Value Looks Cheap Based on 2021 Profits (Free, Abridged)

This report is an abridged and free version of S&P 500 & Sectors: Price-to-Economic Book Value Looks Cheap Based on 2021 Profits.
by Matt Shuler, Investment Analyst II
S&P 500 PEBV Ratio Analysis
April 1, 20220Comments

S&P 500 & Sectors: Price-to-Economic Book Value Looks Cheap Based on 2021 Profits

This report analyzes market cap, economic book value, and the trailing price-to-economic book value (PEBV) ratio for the S&P 500 and each of its sectors.
by Matt Shuler, Investment Analyst II
April 1, 20220Comments

S&P 500 & Sectors: Free Cash Flow Yield Rises above Pre-Pandemic Levels (Free, Abridged)

This report is a free, abridged version of S&P 500 & Sectors: Free Cash Flow Yield Rises above Pre-Pandemic Levels, one of our quarterly series on fundamental market and sector trends.
by Matt Shuler, Investment Analyst II
Free Cash Flow & FCF Yield
April 1, 20220Comments

S&P 500 & Sectors: Free Cash Flow Yield Rises above Pre-Pandemic Levels

Cash flows rose faster than stock prices as the S&P 500's free cash flow yield rose to its highest level since 12/31/18.
by Matt Shuler, Investment Analyst II
March 30, 20220Comments

S&P 500 & Sectors: ROIC vs. WACC Through 4Q21: ROIC Rockets Higher to New High (Free, Abridged)

This report is an abridged and free version of S&P 500 & Sectors: ROIC vs. WACC Through 4Q21.
by Kyle Guske II, Senior Investment Analyst, MBA
ROIC vs. WACC
March 30, 20220Comments

S&P 500 & Sectors: ROIC vs. WACC Through 4Q21: ROIC Rockets Higher to New High

Return on invested capital (ROIC) spiked to a new high for the S&P 500 in 2021.
by Kyle Guske II, Senior Investment Analyst, MBA
Core v. GAAP Abridged
March 30, 20220Comments

S&P 500 & Sectors: Core Earnings Vs. GAAP Earnings Thru 2021 (Free, Abridged)

This report is an abridged and free version of S&P 500 & Sectors: Core Earnings Vs. GAAP Earnings Thru 4Q21.
by Kyle Guske II, Senior Investment Analyst, MBA
Core vs. GAAP Earnings
March 30, 20220Comments

S&P 500 & Sectors: Core Earnings Vs. GAAP Earnings Thru 2021

This report analyzes the Core Earnings and GAAP earnings of the S&P 500 and each of its sectors.
by Kyle Guske II, Senior Investment Analyst, MBA
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