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Fundamental Macro Trends & Sector Fundamentals

Free Cash Flow & FCF Yield
March 24, 20230Comments

S&P 500 & Sectors: Free Cash Flow Yield in 4Q22 Falls From Recent High

This report analyzes, free cash flow, enterprise value, and the trailing FCF yield for the S&P 500 and each of its sectors through 2022.
by Kyle Guske II, Senior Investment Analyst, MBA
March 24, 20230Comments

S&P 500 & Sectors: ROIC Rebounds In 4Q22 (Free, Abridged)

This report is a free and abridged version of S&P 500 & Sectors: ROIC Rebounds in 4Q22.
by Kyle Guske II, Senior Investment Analyst, MBA
ROIC vs. WACC
March 23, 20230Comments

S&P 500 & Sectors: ROIC Rebounds In 4Q22

This report presents the drivers of economic earnings, ROIC, NOPAT margin, invested capital turns, and WACC, for the S&P 500.
by Kyle Guske II, Senior Investment Analyst, MBA
Core v. GAAP Abridged
March 22, 20230Comments

S&P 500 & Sectors: GAAP Earnings Continue to Fall in 4Q22 (Free, Abridged)

This report is an abridged and free version of S&P 500 & Sectors: GAAP Earnings Continue to Fall in 4Q22.
by Kyle Guske II, Senior Investment Analyst, MBA
Core vs. GAAP Earnings
March 22, 20230Comments

S&P 500 & Sectors: GAAP Earnings Continue to Fall in 4Q22

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
December 16, 20220Comments

S&P’s Operating Earnings Fall Again in 3Q22, Further Understate Core Earnings

3Q22 Operating Earnings for the S&P 500 continued to drop from record highs and remain lower than Core Earnings for the 2nd consecutive quarter.
by Kyle Guske II, Senior Investment Analyst, MBA
December 16, 20220Comments

Economic Earnings Continue to Fall in 3Q22 (Free, Abridged)

This report is an abridged and free version of All Cap Index & Sectors: Economic Earnings Continue to Fall in 3Q22.
by Kyle Guske II, Senior Investment Analyst, MBA
Economic Earnings Vs GAAP Earnings
December 16, 20220Comments

All Cap Index & Sectors: Economic Earnings Continue to Fall in 3Q22

This report analyzes the economic earnings and GAAP earnings of the NC 2000 and its sectors for 3Q22.
by Kyle Guske II, Senior Investment Analyst, MBA
S&P 500 PEBV Ratio Analysis
December 16, 20220Comments

All Cap Index & Sectors: Price to Economic Book Value Continues to Rise (Free, Abridged)

This report is an abridged and free version of All Cap Index & Sectors: Price to Economic Book Value Continues to Rise.
by Matt Shuler, Investment Analyst II
December 16, 20224Comments

All Cap Index & Sectors: Price to Economic Book Value Continues to Rise

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 for 3Q22.
by Matt Shuler, Investment Analyst II
December 14, 20220Comments

Free Cash Flow Yield Climbs Through 11/25/22 (Free, Abridged)

This report is an abridged and free version of All Cap Index & Sectors: Free Cash Flow Yield Climbs Through 11/25/22.
by Matt Shuler, Investment Analyst II
December 14, 20220Comments

All Cap Index & Sectors: Free Cash Flow Yield Climbs Through 11/25/22

This report analyzes free cash flow (FCF), enterprise value, and the trailing FCF yield for the NC 2000 and each of its sectors through 11/25/22.
by Matt Shuler, Investment Analyst II
Economic Earnings
December 14, 20220Comments

All Cap Index & Sectors: ROIC Falls in 3Q22 (Free, Abridged)

This report is an abridged and free version of All Cap Index & Sectors: ROIC Falls in 3Q22.
by Matt Shuler, Investment Analyst II
Most Likely to Beat Earnings
December 14, 20220Comments

All Cap Index & Sectors: ROIC Falls in 3Q22

This report analyzes the ROIC, NOPAT margin, invested capital turns, and weighted average cost of capital for the NC 2000 and its sectors 3Q22.
by Matt Shuler, Investment Analyst II
December 14, 20220Comments

All Cap Index & Sectors: GAAP Earnings Continue Fall in 3Q22 (Free, Abridged)

This report is an abridged and free version of All Cap Index & Sectors: GAAP Earnings Continue Fall in 3Q22.
by Kyle Guske II, Senior Investment Analyst, MBA
December 14, 20220Comments

All Cap Index & Sectors: GAAP Earnings Continue Fall in 3Q22

This report analyzes the Core Earnings and GAAP earnings of the NC 2000 and each of its sectors for 3Q22.
by Kyle Guske II, Senior Investment Analyst, MBA
Understated Earnings
December 13, 20220Comments

Street Earnings Understated for 22% of S&P 500 in 3Q22

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
December 13, 20220Comments

Street Earnings Overstated for 76% of S&P 500 in 3Q22

Five S&P 500 companies with overstated Street Earnings and a Very Unattractive Stock Rating.
by Kyle Guske II, Senior Investment Analyst, MBA
Sector & Industry Fundamentals
December 9, 20220Comments

Sector & Industry Fundamentals 3Q22 Update

We’ve published an update to our Sector & Industry fundamentals page with 3Q22 data.
by Kyle Guske II, Senior Investment Analyst, MBA
Core Earnings
December 8, 20220Comments

S&P 500 Economic Earnings: Downward Trend Continues In 3Q22 (Free, Abridged)

This report is an abridged and free version of S&P 500 Economic Earnings: Downward Trend Continues In 3Q22.
by Kyle Guske II, Senior Investment Analyst, MBA
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