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Fundamental Macro Trends & Sector Fundamentals

Core vs. GAAP Earnings
November 23, 20210Comments

S&P 500 & Sectors: Core Earnings Vs. GAAP Earnings Through 3Q21

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
Overstated Earnings
September 20, 20210Comments

S&P 500 Companies That Overstated EPS by 60%+ in 2Q21

See five S&P 500 companies with overstated Street Earnings and a Very Unattractive Stock Rating.
by Kyle Guske II, Senior Investment Analyst, MBA
Understated Earnings
September 15, 20210Comments

S&P 500 Companies That Understated EPS By ~70% Post 2Q21

This report shows why Street Earnings (and GAAP earnings) are flawed & five S&P 500 companies with understated Street Earnings and an Attractive-or-better Stock Rating.
by Kyle Guske II, Senior Investment Analyst, MBA
featured exec comp
September 8, 20211Comments

Using ROIC to Find the Best & Worst Stocks in the S&P 500

This report takes a closer look at the risk/reward for S&P 500 companies with high ROICs.
by Matt Shuler, Investment Analyst II
Sector & Industry Fundamentals
September 8, 20210Comments

Sector & Industry Fundamentals Updated Through 8/20/21

We’ve published an update to our Sector & Industry fundamentals page with data through 8/20/21.
by Kyle Guske II, Senior Investment Analyst, MBA
S&P 500 PEBV Ratio Analysis
September 2, 20210Comments

All Cap Index & Sectors: Price to Economic Book Value Through 2Q21 (Free, Abridged)

This report is an abridged and free version of All Cap Index & Sectors: Price to Economic Book Value Through 2Q21, one of the reports in our quarterly series on fundamental market and sector trends.
by Alex Sword
September 2, 20210Comments

All Cap Index & Sectors: Price to Economic Book Value Through 2Q21

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 Alex Sword
September 2, 20210Comments

All Cap Index & Sectors: Free Cash Flow Yield Through 2Q21 (Free, Abridged)

This report is an abridged and free version of All Cap Index & Sectors: Free Cash Flow Yield Through 2Q21, one of the reports in our quarterly series on fundamental market and sector trends.
by Kyle Guske II, Senior Investment Analyst, MBA
Economic Earnings
September 2, 20210Comments

All Cap Index & Sectors: ROIC Vs. WACC Through 2Q21 (Free, Abridged)

This report is an abridged and free version of All Cap Index & Sectors: ROIC vs. WACC Through 2Q21, one of the reports in our quarterly series on fundamental market and sector trends.
by Alex Sword
Most Likely to Beat Earnings
September 2, 20210Comments

All Cap Index & Sectors: ROIC Vs. WACC Through 2Q21

This report presents the drivers of economic earnings (ROIC, NOPAT margin, invested capital turns, and WACC) for our All Cap Index and each of its sectors.
by Alex Sword
September 1, 20210Comments

All Cap Index & Sectors: Core Earnings Vs. GAAP Earnings Through 2Q21 (Free, Abridged)

The Basic Materials sector had the most overstated YoY change in GAAP earnings for 2Q21.
by Kyle Guske II, Senior Investment Analyst, MBA
September 1, 20210Comments

All Cap Index & Sectors: Free Cash Flow Yield Through 2Q21

This report analyzes free cash flow (FCF), enterprise value, and the trailing FCF yield for the NC 2000.
by Kyle Guske II, Senior Investment Analyst, MBA
August 31, 20210Comments

All Cap Index & Sectors: Core Earnings Vs. GAAP Earnings Through 2Q21

Within the NC 2000, all but one sector, (Energy) saw a year-over-year (YoY) rise in Core Earnings in 2Q21.
by Kyle Guske II, Senior Investment Analyst, MBA
PEBV Ratio Analysis
August 27, 20210Comments

S&P 500 & Sectors: Price-to-Economic Book Value Through 2Q21 (Free, Abridged)

The Telecom Services sector has the lowest trailing PEBV ratio among all 11 S&P 500 sectors.
by Kyle Guske II, Senior Investment Analyst, MBA
August 27, 20210Comments

S&P 500 & Sectors: Free Cash Flow Yield Through 2Q21 (Free, Abridged)

Investors are getting more FCF for their investment dollar in the Basic Materials sector than any other sector.
by Alex Sword
August 26, 20210Comments

S&P 500 & Sectors: ROIC vs. WACC Through 2Q21 (Free, Abridged)

The Technology sector earns the highest ROIC of all sectors, by far, and the Energy sector earns the lowest ROIC.
by Matt Shuler, Investment Analyst II
August 26, 20210Comments

S&P’s “Operating Earnings” Remain Overstated in 2Q21

The Operating Earnings from S&P Global (SPGI) for the S&P 500 continue to overstate Core Earnings through 2Q21.
by Kyle Guske II, Senior Investment Analyst, MBA
Core v. GAAP Abridged
August 25, 20210Comments

S&P 500 & Sectors: Core Earnings Vs. GAAP Earnings Through 2Q21 (Free, Abridged)

This report is an abridged and free version of S&P 500 & Sectors: Core Earnings Vs. GAAP Earnings Through 2Q21.
by Kyle Guske II, Senior Investment Analyst, MBA
S&P 500 PEBV Ratio Analysis
August 25, 20210Comments

S&P 500 & Sectors: Price-to-Economic Book Value Through 2Q21

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 Kyle Guske II, Senior Investment Analyst, MBA
Free Cash Flow & FCF Yield
August 25, 20210Comments

S&P 500 & Sectors: Free Cash Flow Yield Through 2Q21

This report analyzes free cash flow, enterprise value, and the FCF yield for the S&P 500 and each of its sectors.
by Alex Sword
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