HCA HEALTHCARE INC (HCA) Fundamental Analysis & Valuation

NYSE:HCA • US40412C1018

Current stock price

434.78 USD
+2.86 (+0.66%)
At close:
431.06 USD
-3.72 (-0.86%)
After Hours:

This HCA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. HCA Profitability Analysis

1.1 Basic Checks

  • In the past year HCA was profitable.
  • In the past year HCA had a positive cash flow from operations.
  • In the past 5 years HCA has always been profitable.
  • Each year in the past 5 years HCA had a positive operating cash flow.
HCA Yearly Net Income VS EBIT VS OCF VS FCFHCA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

1.2 Ratios

  • HCA has a Return On Assets of 11.06%. This is amongst the best in the industry. HCA outperforms 95.00% of its industry peers.
  • HCA has a better Return On Invested Capital (22.31%) than 97.00% of its industry peers.
  • HCA had an Average Return On Invested Capital over the past 3 years of 19.10%. This is significantly above the industry average of 8.40%.
  • The 3 year average ROIC (19.10%) for HCA is below the current ROIC(22.31%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 11.06%
ROE N/A
ROIC 22.31%
ROA(3y)10.06%
ROA(5y)10.93%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)19.1%
ROIC(5y)18.5%
HCA Yearly ROA, ROE, ROICHCA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500 -500

1.3 Margins

  • The Profit Margin of HCA (8.89%) is better than 93.00% of its industry peers.
  • HCA's Profit Margin has improved in the last couple of years.
  • HCA has a Operating Margin of 15.67%. This is amongst the best in the industry. HCA outperforms 94.00% of its industry peers.
  • In the last couple of years the Operating Margin of HCA has grown nicely.
  • With an excellent Gross Margin value of 85.00%, HCA belongs to the best of the industry, outperforming 98.00% of the companies in the same industry.
  • In the last couple of years the Gross Margin of HCA has remained more or less at the same level.
Industry RankSector Rank
OM 15.67%
PM (TTM) 8.89%
GM 85%
OM growth 3Y1.74%
OM growth 5Y2.35%
PM growth 3Y-1.43%
PM growth 5Y4.26%
GM growth 3Y0.21%
GM growth 5Y0.29%
HCA Yearly Profit, Operating, Gross MarginsHCA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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2

2. HCA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), HCA is creating value.
  • Compared to 1 year ago, HCA has less shares outstanding
  • HCA has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, HCA has a worse debt to assets ratio.
HCA Yearly Shares OutstandingHCA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
HCA Yearly Total Debt VS Total AssetsHCA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.2 Solvency

  • The Debt to FCF ratio of HCA is 6.06, which is on the high side as it means it would take HCA, 6.06 years of fcf income to pay off all of its debts.
  • HCA has a Debt to FCF ratio (6.06) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 6.06
Altman-Z N/A
ROIC/WACC2.64
WACC8.44%
HCA Yearly LT Debt VS Equity VS FCFHCA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B 40B

2.3 Liquidity

  • HCA has a Current Ratio of 0.83. This is a bad value and indicates that HCA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • HCA's Current ratio of 0.83 is on the low side compared to the rest of the industry. HCA is outperformed by 83.00% of its industry peers.
  • A Quick Ratio of 0.75 indicates that HCA may have some problems paying its short term obligations.
  • HCA has a Quick ratio of 0.75. This is amonst the worse of the industry: HCA underperforms 80.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.83
Quick Ratio 0.75
HCA Yearly Current Assets VS Current LiabilitesHCA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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5

3. HCA Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 28.45% over the past year.
  • HCA shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.50% yearly.
  • Looking at the last year, HCA shows a small growth in Revenue. The Revenue has grown by 6.71% in the last year.
  • The Revenue has been growing slightly by 7.97% on average over the past years.
EPS 1Y (TTM)28.45%
EPS 3Y18.86%
EPS 5Y23.5%
EPS Q2Q%10.85%
Revenue 1Y (TTM)6.71%
Revenue growth 3Y7.87%
Revenue growth 5Y7.97%
Sales Q2Q%4.3%

3.2 Future

  • HCA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.99% yearly.
  • The Revenue is expected to grow by 5.83% on average over the next years.
EPS Next Y8.04%
EPS Next 2Y8.93%
EPS Next 3Y10.08%
EPS Next 5Y11.99%
Revenue Next Year3.86%
Revenue Next 2Y4.36%
Revenue Next 3Y4.82%
Revenue Next 5Y5.83%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
HCA Yearly Revenue VS EstimatesHCA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20B 40B 60B 80B 100B
HCA Yearly EPS VS EstimatesHCA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20 40 60

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6

4. HCA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 14.95 indicates a correct valuation of HCA.
  • Based on the Price/Earnings ratio, HCA is valued cheaper than 82.00% of the companies in the same industry.
  • HCA is valuated rather cheaply when we compare the Price/Earnings ratio to 26.54, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 12.91, the valuation of HCA can be described as correct.
  • HCA's Price/Forward Earnings ratio is rather cheap when compared to the industry. HCA is cheaper than 83.00% of the companies in the same industry.
  • HCA is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.68, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 14.95
Fwd PE 12.91
HCA Price Earnings VS Forward Price EarningsHCA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, HCA is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
  • 79.00% of the companies in the same industry are more expensive than HCA, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 12.26
EV/EBITDA 9.23
HCA Per share dataHCA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 100 200 300

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates HCA does not grow enough to justify the current Price/Earnings ratio.
  • HCA has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.86
PEG (5Y)0.64
EPS Next 2Y8.93%
EPS Next 3Y10.08%

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5

5. HCA Dividend Analysis

5.1 Amount

  • HCA has a yearly dividend return of 0.72%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.46, HCA pays a better dividend. On top of this HCA pays more dividend than 82.00% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, HCA's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.72%

5.2 History

  • On average, the dividend of HCA grows each year by 44.46%, which is quite nice.
  • HCA has paid a dividend for at least 10 years, which is a reliable track record.
  • HCA has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)44.46%
Div Incr Years5
Div Non Decr Years5
HCA Yearly Dividends per shareHCA Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • HCA pays out 10.04% of its income as dividend. This is a sustainable payout ratio.
  • HCA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP10.04%
EPS Next 2Y8.93%
EPS Next 3Y10.08%
HCA Yearly Income VS Free CF VS DividendHCA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B
HCA Dividend Payout.HCA Dividend Payout, showing the Payout Ratio.HCA Dividend Payout.PayoutRetained Earnings

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HCA Fundamentals: All Metrics, Ratios and Statistics

HCA HEALTHCARE INC

NYSE:HCA (4/29/2026, 8:20:20 PM)

After market: 431.06 -3.72 (-0.86%)

434.78

+2.86 (+0.66%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
Industry Strength59.63
Industry Growth65.84
Earnings (Last)04-24
Earnings (Next)07-23
Inst Owners62.11%
Inst Owner Change0.04%
Ins Owners1.65%
Ins Owner Change-50.98%
Market Cap97.20B
Revenue(TTM)76.39B
Net Income(TTM)6.79B
Analysts74.84
Price Target524.5 (20.64%)
Short Float %2.63%
Short Ratio3.68
Dividend
Industry RankSector Rank
Dividend Yield 0.72%
Yearly Dividend2.84
Dividend Growth(5Y)44.46%
DP10.04%
Div Incr Years5
Div Non Decr Years5
Ex-Date03-17
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.6%
Min EPS beat(2)-0.85%
Max EPS beat(2)8.05%
EPS beat(4)3
Avg EPS beat(4)8.98%
Min EPS beat(4)-0.85%
Max EPS beat(4)20.55%
EPS beat(8)5
Avg EPS beat(8)6.27%
EPS beat(12)8
Avg EPS beat(12)6.82%
EPS beat(16)11
Avg EPS beat(16)6.56%
Revenue beat(2)0
Avg Revenue beat(2)-1.4%
Min Revenue beat(2)-1.84%
Max Revenue beat(2)-0.96%
Revenue beat(4)1
Avg Revenue beat(4)-0.25%
Min Revenue beat(4)-1.84%
Max Revenue beat(4)2.2%
Revenue beat(8)2
Avg Revenue beat(8)-0.24%
Revenue beat(12)6
Avg Revenue beat(12)0.51%
Revenue beat(16)7
Avg Revenue beat(16)0.25%
PT rev (1m)1.02%
PT rev (3m)12.12%
EPS NQ rev (1m)-0.24%
EPS NQ rev (3m)0.51%
EPS NY rev (1m)0.43%
EPS NY rev (3m)2.63%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)-0.44%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)-0.51%
Valuation
Industry RankSector Rank
PE 14.95
Fwd PE 12.91
P/S 1.27
P/FCF 12.26
P/OCF 7.48
P/B N/A
P/tB N/A
EV/EBITDA 9.23
EPS(TTM)29.08
EY6.69%
EPS(NY)33.68
Fwd EY7.75%
FCF(TTM)35.46
FCFY8.16%
OCF(TTM)58.14
OCFY13.37%
SpS341.67
BVpS-28.19
TBVpS-75.18
PEG (NY)1.86
PEG (5Y)0.64
Graham Number0 (-100%)
Profitability
Industry RankSector Rank
ROA 11.06%
ROE N/A
ROCE 28.38%
ROIC 22.31%
ROICexc 22.82%
ROICexgc 30.62%
OM 15.67%
PM (TTM) 8.89%
GM 85%
FCFM 10.38%
ROA(3y)10.06%
ROA(5y)10.93%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)19.1%
ROIC(5y)18.5%
ROICexc(3y)19.68%
ROICexc(5y)19.06%
ROICexgc(3y)25.77%
ROICexgc(5y)29.22%
ROCE(3y)24.29%
ROCE(5y)23.53%
ROICexgc growth 3Y-3.7%
ROICexgc growth 5Y-0.21%
ROICexc growth 3Y8.29%
ROICexc growth 5Y7.06%
OM growth 3Y1.74%
OM growth 5Y2.35%
PM growth 3Y-1.43%
PM growth 5Y4.26%
GM growth 3Y0.21%
GM growth 5Y0.29%
F-Score8
Asset Turnover1.24
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 6.06
Debt/EBITDA 2.54
Cap/Depr 141.16%
Cap/Sales 6.64%
Interest Coverage 5.35
Cash Conversion 83.51%
Profit Quality 116.68%
Current Ratio 0.83
Quick Ratio 0.75
Altman-Z N/A
F-Score8
WACC8.44%
ROIC/WACC2.64
Cap/Depr(3y)147.23%
Cap/Depr(5y)143.02%
Cap/Sales(3y)6.92%
Cap/Sales(5y)6.83%
Profit Quality(3y)100.23%
Profit Quality(5y)90.24%
High Growth Momentum
Growth
EPS 1Y (TTM)28.45%
EPS 3Y18.86%
EPS 5Y23.5%
EPS Q2Q%10.85%
EPS Next Y8.04%
EPS Next 2Y8.93%
EPS Next 3Y10.08%
EPS Next 5Y11.99%
Revenue 1Y (TTM)6.71%
Revenue growth 3Y7.87%
Revenue growth 5Y7.97%
Sales Q2Q%4.3%
Revenue Next Year3.86%
Revenue Next 2Y4.36%
Revenue Next 3Y4.82%
Revenue Next 5Y5.83%
EBIT growth 1Y10.43%
EBIT growth 3Y9.74%
EBIT growth 5Y10.5%
EBIT Next Year33.96%
EBIT Next 3Y13.92%
EBIT Next 5Y10.58%
FCF growth 1Y45.93%
FCF growth 3Y23.07%
FCF growth 5Y3.76%
OCF growth 1Y28.74%
OCF growth 3Y14.03%
OCF growth 5Y6.48%

HCA HEALTHCARE INC / HCA Fundamental Analysis FAQ

What is the fundamental rating for HCA stock?

ChartMill assigns a fundamental rating of 5 / 10 to HCA.


What is the valuation status of HCA HEALTHCARE INC (HCA) stock?

ChartMill assigns a valuation rating of 6 / 10 to HCA HEALTHCARE INC (HCA). This can be considered as Fairly Valued.


Can you provide the profitability details for HCA HEALTHCARE INC?

HCA HEALTHCARE INC (HCA) has a profitability rating of 9 / 10.


What is the expected EPS growth for HCA HEALTHCARE INC (HCA) stock?

The Earnings per Share (EPS) of HCA HEALTHCARE INC (HCA) is expected to grow by 8.04% in the next year.


Is the dividend of HCA HEALTHCARE INC sustainable?

The dividend rating of HCA HEALTHCARE INC (HCA) is 5 / 10 and the dividend payout ratio is 10.04%.