S&P 500

Expectations (Reverse-DCF)

What growth is baked into the price. For every name we solve the free-cash-flow growth rate the current price implies (a 2-stage reverse-DCF) and compare it to the growth the business has actually delivered. Priced for far LESS than it delivers = cheap expectations; far MORE = priced for perfection. Equity-basis, uniform 9% discount — decision-support, not advice.

150 of 383 · S&P 500
#NameFCF yldImplied gr.DeliveredGapDCF upside
1NVDAInformation Technology2.1%30.8%100.0%-69.2%-19%
2SMCIInformation Technology7.7%-2.0%61.7%-63.7%+201%
3LVSConsumer Discretionary5.7%5.0%46.9%-41.9%+122%
4TKOCommunication Services2.8%22.6%60.7%-38.1%+9%
5FConsumer Discretionary22.1%-24.0%5.8%-29.8%+302%
6TTDCommunication Services9.1%-5.5%22.4%-28.0%+221%
7CCLConsumer Discretionary5.9%4.1%29.8%-25.7%+130%
8CMCSACommunication Services23.2%-25.0%0.6%-25.6%+238%
9CIHealth Care11.2%-10.1%15.1%-25.3%+199%
10CNCHealth Care13.3%-13.7%10.5%-24.2%+194%
11NEMMaterials7.1%-0.1%23.9%-24.0%+166%
12CHTRCommunication Services21.1%-23.1%0.5%-23.5%+204%
13SWMaterials4.9%8.7%32.2%-23.4%+90%
14GENInformation Technology10.3%-8.4%14.7%-23.0%+170%
15ADBEInformation Technology12.2%-12.0%10.5%-22.5%+170%
16WYNNConsumer Discretionary6.6%1.5%23.9%-22.4%+148%
17FOXCommunication Services15.5%-16.9%5.3%-22.2%+176%
18CAGConsumer Staples19.3%-21.3%0.2%-21.6%+176%
19GDDYInformation Technology14.1%-14.9%6.6%-21.5%+164%
20MGMConsumer Discretionary11.6%-10.9%10.1%-21.0%+153%
21WDAYInformation Technology9.1%-5.5%15.4%-20.9%+144%
22FOXACommunication Services14.2%-15.1%5.3%-20.4%+153%
23OMCCommunication Services13.4%-13.9%6.5%-20.4%+151%
24AREReal Estate14.7%-15.8%4.6%-20.3%+153%
25VICIReal Estate8.6%-4.3%15.5%-19.8%+131%
26CRMInformation Technology11.1%-9.9%9.8%-19.7%+139%
27ITInformation Technology13.0%-13.3%5.9%-19.1%+137%
28OReal Estate6.8%0.9%19.8%-18.9%+117%
29LDOSIndustrials12.7%-12.7%6.1%-18.8%+133%
30ACNInformation Technology13.8%-14.4%4.2%-18.6%+134%
31INTUInformation Technology8.3%-3.6%14.0%-17.6%+111%
32CTSHInformation Technology13.7%-14.3%2.8%-17.1%+119%
33APTVConsumer Discretionary12.0%-11.5%5.3%-16.8%+113%
34DECKConsumer Discretionary7.6%-1.5%14.7%-16.2%+98%
35FSLRInformation Technology4.6%10.0%25.8%-15.8%+80%
36TAPConsumer Staples13.7%-14.4%1.4%-15.7%+106%
37EXPEConsumer Discretionary9.9%-7.4%8.1%-15.5%+97%
38UHSHealth Care9.3%-6.2%9.0%-15.2%+94%
39UBERIndustrials6.3%2.7%17.7%-15.1%+86%
40EXRReal Estate5.6%5.6%20.6%-15.0%+83%
41DOCReal Estate8.4%-3.9%11.0%-15.0%+90%
42BKNGConsumer Discretionary6.5%2.1%16.3%-14.3%+81%
43ROPInformation Technology7.1%-0.2%13.7%-13.9%+80%
44TCommunication Services12.3%-12.1%1.3%-13.4%+85%
45HCAHealth Care8.9%-5.0%7.9%-12.9%+75%
46GISConsumer Staples11.9%-11.4%0.9%-12.3%+75%
47BXPReal Estate10.4%-8.4%3.9%-12.3%+73%
48DVAHealth Care9.4%-6.3%5.5%-11.9%+69%
49NOWInformation Technology4.5%10.8%22.4%-11.6%+58%
50KHCConsumer Staples13.0%-13.3%-2.0%-11.3%+69%
51BMYHealth Care10.9%-9.6%1.4%-11.0%+65%
52LULUConsumer Discretionary6.9%0.6%11.0%-10.5%+56%
53INCYHealth Care5.9%4.4%14.8%-10.5%+54%
54PTCInformation Technology6.4%2.3%12.3%-10.1%+52%
55MCKHealth Care6.1%3.6%13.4%-9.8%+50%
56DGConsumer Staples9.1%-5.6%4.1%-9.7%+54%
57HPQInformation Technology13.4%-13.8%-4.2%-9.6%+57%
58APAEnergy15.2%-16.5%-7.0%-9.6%+72%
59BSXHealth Care5.2%7.3%16.5%-9.3%+46%
60ZBHHealth Care7.9%-2.4%5.9%-8.3%+44%
61PODDHealth Care3.2%19.3%27.5%-8.3%+24%
62VZCommunication Services10.1%-7.9%0.3%-8.3%+45%
63SJMConsumer Staples9.4%-6.2%2.0%-8.2%+44%
64ADSKInformation Technology5.7%4.8%12.9%-8.1%+40%
65RMDHealth Care5.7%5.1%12.9%-7.8%+38%
66ABNBConsumer Discretionary5.4%6.4%13.4%-7.0%+34%
67KRConsumer Staples9.8%-7.2%-0.1%-7.0%+37%
68VEEVHealth Care5.1%7.7%14.0%-6.3%+30%
69SLBEnergy6.5%2.1%8.3%-6.3%+31%
70TMUSCommunication Services7.8%-2.2%3.5%-5.8%+29%
71CORHealth Care5.8%4.7%10.4%-5.7%+27%
72ZTSHealth Care7.2%-0.3%5.4%-5.7%+28%
73HIIIndustrials7.1%-0.2%5.4%-5.6%+27%
74DALIndustrials6.3%2.6%7.8%-5.2%+25%
75KIMReal Estate6.4%2.2%7.4%-5.2%+25%
76BRIndustrials6.6%1.5%6.5%-5.0%+24%
77UALIndustrials5.8%4.6%9.5%-4.9%+23%
78EXEEnergy7.8%-2.1%2.1%-4.2%+21%
79DLTRConsumer Staples5.9%4.3%8.0%-3.7%+17%
80DXCMHealth Care4.0%13.7%17.0%-3.3%+14%
81CVSHealth Care5.9%4.3%7.6%-3.3%+15%
82OKEEnergy4.4%11.5%14.5%-3.1%+13%
83VTRSHealth Care9.7%-7.1%-4.2%-2.9%+14%
84ADMConsumer Staples11.4%-10.4%-7.5%-2.9%+28%
85HONIndustrials7.4%-0.9%1.8%-2.8%+13%
86ALLEIndustrials5.7%4.9%7.5%-2.6%+12%
87REGReal Estate5.4%6.2%8.3%-2.1%+9%
88BDXHealth Care6.2%3.0%5.0%-2.0%+9%
89IQVHealth Care6.4%2.2%4.2%-2.0%+9%
90DPZConsumer Discretionary6.8%1.0%2.9%-1.9%+9%
91EFXIndustrials5.9%4.0%5.8%-1.8%+8%
92METACommunication Services3.3%18.4%19.9%-1.5%+6%
93PHMConsumer Discretionary6.7%1.3%2.7%-1.3%+6%
94REGNHealth Care5.7%5.1%5.6%-0.5%+2%
95TYLInformation Technology5.1%7.5%8.0%-0.5%+2%
96TXTIndustrials5.9%4.3%4.8%-0.4%+2%
97DHIConsumer Discretionary7.0%0.4%0.8%-0.4%+2%
98LHXIndustrials4.9%8.4%8.6%-0.3%+1%
99INVHReal Estate5.3%6.6%6.8%-0.2%+1%
100DISCommunication Services5.9%4.3%4.5%-0.2%+1%
101LMTIndustrials5.9%4.2%4.4%-0.2%+1%
102NTAPInformation Technology6.3%2.8%2.9%-0.1%+0%
103MOConsumer Staples7.4%-0.9%-0.9%-0.0%+0%
104DASHConsumer Discretionary2.3%28.1%27.7%+0.4%-11%
105HSTReal Estate5.0%8.2%7.6%+0.6%-2%
106SWKSInformation Technology10.5%-8.8%-9.3%+0.6%+19%
107STEHealth Care4.6%10.0%9.4%+0.6%-2%
108LHHealth Care5.4%6.2%5.6%+0.6%-3%
109DGXHealth Care5.8%4.4%3.7%+0.6%-3%
110AMGNHealth Care4.2%12.4%11.8%+0.6%-3%
111XYLIndustrials3.3%18.5%17.8%+0.7%-3%
112ADPIndustrials4.9%8.5%7.6%+0.9%-4%
113PLDReal Estate3.8%14.7%13.7%+1.0%-4%
114VRSKIndustrials5.0%8.1%7.2%+1.0%-4%
115STZConsumer Staples7.1%-0.2%-1.1%+1.0%-4%
116ULTAConsumer Discretionary5.1%7.7%6.7%+1.0%-4%
117BKREnergy4.5%10.5%9.4%+1.1%-4%
118APPInformation Technology2.5%26.1%24.8%+1.3%-5%
119UNHHealth Care4.1%12.7%11.4%+1.4%-5%
120HALEnergy5.9%4.4%3.0%+1.4%-6%
121GILDHealth Care6.0%4.0%2.6%+1.4%-6%
122AOSIndustrials6.4%2.2%0.7%+1.5%-7%
123BBYConsumer Discretionary7.7%-1.9%-3.4%+1.6%-7%
124AVBReal Estate5.2%7.1%5.4%+1.6%-7%
125MDTHealth Care5.2%7.0%5.2%+1.8%-7%
126CLXConsumer Staples6.5%2.1%-0.0%+2.1%-9%
127GDIndustrials4.2%12.2%10.1%+2.1%-8%
128QCOMInformation Technology6.4%2.2%0.1%+2.1%-9%
129PAYXIndustrials4.8%9.0%6.5%+2.5%-10%
130CPRTIndustrials4.2%12.4%9.9%+2.5%-10%
131ZBRAInformation Technology6.9%0.4%-2.3%+2.7%-11%
132EMEIndustrials3.3%18.0%15.3%+2.7%-10%
133ANETInformation Technology2.1%29.9%27.1%+2.8%-17%
134BF-BConsumer Staples7.0%0.4%-2.4%+2.8%-12%
135PSAReal Estate5.1%7.7%4.9%+2.8%-11%
136LNTUtilities5.9%4.3%1.2%+3.1%-13%
137PNRIndustrials6.0%3.6%0.4%+3.2%-13%
138TELInformation Technology5.5%5.6%2.0%+3.6%-14%
139SBACReal Estate5.5%5.9%2.2%+3.7%-15%
140MKCConsumer Staples5.4%6.3%2.5%+3.8%-15%
141GEHCHealth Care5.0%7.9%4.0%+4.0%-15%
142BIIBHealth Care6.2%3.1%-0.9%+4.1%-16%
143CLConsumer Staples4.9%8.4%4.3%+4.1%-16%
144CDWInformation Technology6.4%2.3%-1.9%+4.2%-17%
145TSNConsumer Staples5.7%4.9%0.7%+4.2%-17%
146CFMaterials11.1%-9.9%-14.1%+4.2%+25%
147EQRReal Estate4.9%8.7%4.2%+4.5%-17%
148DRIConsumer Discretionary4.2%12.4%7.8%+4.5%-17%
149NVRConsumer Discretionary6.0%4.0%-0.6%+4.6%-18%
150ESSReal Estate4.6%10.2%5.5%+4.7%-18%

Reverse-DCF on free cash flow (FCF = FCF-yield × market cap), 5yr stage-1 + Gordon terminal at 2.5%, uniform 9% discount; only positive-FCF non-financials. "Delivered" is the 3yr revenue CAGR (a proxy for sustainable FCF growth). Approximate by design — a screen, not a target. Not investment advice.