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Fundamental Macro Trends & Sector Fundamentals

ROIC vs. WACC
August 25, 20210Comments

S&P 500 & Sectors: ROIC vs. WACC Through 2Q21

Nine of eleven S&P 500 sectors saw an improvement in ROIC year-over-year (YoY) based on 2Q21 financial data.
by Matt Shuler, Investment Analyst II
Core vs. GAAP Earnings
August 25, 20210Comments

S&P 500 & Sectors: Core Earnings Vs. GAAP Earnings Through 2Q21

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
Core Earnings
June 15, 20210Comments

S&P 500 Companies With the Most Misleading Street Earnings

Most investors are not aware that Street Earnings suffer from significant flaws when compared to Core Earnings.
by Kyle Guske II, Senior Investment Analyst, MBA
Sector & Industry Fundamentals
June 14, 20210Comments

Sector & Industry Fundamentals Updated Through 5/21/21

We’ve published an update to our Sector & Industry fundamentals page with data through 5/21/21.
by Kyle Guske II, Senior Investment Analyst, MBA
Free Cash Flow & FCF Yield
June 9, 20212Comments

The Most Overstated & Understated FCF in the S&P 500 Post 1Q21 Earnings

We feature the firms and sectors (excluding Financials) with the most overstated and understated FCF in the S&P 500.
by Matt Shuler, Investment Analyst II
June 8, 20210Comments

All Cap Index & Sectors: Price to Economic Book Value Through 1Q21

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
June 7, 20210Comments

All Cap Index & Sectors: Free Cash Flow Yield Through 1Q21

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
June 7, 20210Comments

All Cap Index & Sectors: ROIC Vs. WACC Through 1Q21

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
June 7, 20210Comments

All Cap Index & Sectors: Core Earnings Vs. GAAP Earnings Through 1Q21

Within the NC 2000, all but three sectors, (Consumer Cyclicals, Industrials, and Energy) saw a year-over-year (YoY) rise in Core Earnings in 1Q21.
by Matt Shuler, Investment Analyst II
June 2, 20210Comments

The Most Overstated & Understated Earnings in the S&P 500 Post 1Q21 Earnings

We feature the firms and sectors with the most Earnings Distortion, both overstated and understated GAAP earnings, in the S&P 500.
by Matt Shuler, Investment Analyst II
June 2, 20212Comments

S&P 500 Is Still Priced for Continued Earnings Rebound

We think the companies with the best Core Earnings, not reported or SPGI Operating Earnings, have the best chance to outperform.
by Kyle Guske II, Senior Investment Analyst, MBA
S&P 500 PEBV Ratio Analysis
May 28, 20210Comments

S&P 500 & Sectors: Price-to-Economic Book Value Through 1Q21

This report analyzes market cap, economic book value, and the price-to-economic book value (PEBV) ratio for the S&P 500 and each of its sectors.
by Matt Shuler, Investment Analyst II
Free Cash Flow & FCF Yield
May 27, 20210Comments

S&P 500 & Sectors: Free Cash Flow Yield Through 1Q21

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
Most Likely to Beat Earnings
May 25, 20210Comments

S&P 500 & Sectors: ROIC vs. WACC Through 1Q21

The Technology, Basic Materials, Consumer Non-cyclicals, and Healthcare sectors saw an improvement in ROIC year-over-year (YoY) based on 1Q21 financial data.
by Kyle Guske II, Senior Investment Analyst, MBA
Core vs. GAAP Earnings
May 25, 20210Comments

S&P 500 & Sectors: Core Earnings Vs. GAAP Net Income Through 1Q21

All but four sectors (Real Estate, Consumer Cyclicals, Industrials, and Energy) saw a year-over-year (YoY) rise in Core Earnings in 1Q21.
by Kyle Guske II, Senior Investment Analyst, MBA
April 20, 20210Comments

All Cap Index & Sectors: Price to Economic Book Value Through 4Q20

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 Matt Shuler, Investment Analyst II
April 19, 20210Comments

All Cap Index & Sectors: Free Cash Flow Yield Through 4Q20

This report analyzes free cash flow (FCF), enterprise value, and the trailing FCF yield for the NC 2000 and each of its sectors.
by Alex Sword
PEBV Ratio Analysis
April 15, 20212Comments

All Cap Index & Sectors: ROIC Vs. WACC Through 4Q20

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 Kyle Guske II, Senior Investment Analyst, MBA
Economic Earnings
April 15, 20210Comments

All Cap Index & Sectors: Core Earnings Vs. GAAP Net Income Through 4Q20

This report presents the Core Earnings of our All Cap Index and each of its sectors.
by Kyle Guske II, Senior Investment Analyst, MBA
S&P 500 PEBV Ratio Analysis
April 15, 20210Comments

S&P 500 & Sectors: Price-to-Economic Book Value Through 4Q20

This report analyzes market cap, economic book value, and the price-to-economic book value (PEBV) ratio for the S&P 500 and each of its sectors.
by Alex Sword
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