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HCA Healthcare, Inc. (HCA)

Services-General Medical & Surgical Hospitals, NEC

Latest Price
$478.08
TTM P/E
15.87
Normalized P/E
20.58
TTM Div Yield
0.64%
Fwd Div Yield
0.65%
Book Value
--
P/B Ratio
--

Valuation metrics

adjust assumptions →
Norm. op. income: $10.3B (median of 7yr)
Tax rate: 21%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$148.91
69% downside
Base FCF: $5.4B (median of recent 5yr)
Growth: 17%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$776.48
+62% upside
EPS: $28.33
Target P/E: 21×
Formula: EPS × P/E
P/E Fair Value
$594.93
+24% upside

Institutional Ownership

61.2% held by institutions
InstitutionSharesValueOwnership %ChangeFiling Date
BlackRock, Inc.13.00M$5.07B6.17%-359.7K2026-06-30
Vanguard Capital Management LLC10.14M$3.95B4.81%-36.7K2026-06-30
Sanders Capital, LLC8.83M$3.44B4.19%-128.9K2026-06-30
State Street Corp7.47M$2.91B3.54%-70.5K2026-06-30
Wellington Management Group LLP4.71M$1.83B2.23%+799.8K2026-06-30
Geode Capital Management, LLC3.67M$1.42B1.74%-24.5K2026-06-30
First Eagle Investment Management, LLC3.30M$1.28B1.56%+41.0K2026-06-30
Vanguard Portfolio Management LLC2.71M$1.06B1.29%-45.0K2026-06-30
Morgan Stanley2.59M$1.01B1.23%+291.9K2026-06-30
Goldman Sachs Group Inc2.47M$962.0M1.17%+328.2K2026-06-30
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