Research / Stock / HCA
H
HCA
HCA Healthcare, Inc.
428.76
-0.48 -0.11%
close 2026-08-25
Assumptions
-7.6%
Market is pricing -7.6%— you agree
Actually grew +3.8%/yrFCF, 2020–2025 — the market is pricing 11.4pts SLOWER than history
10 yrs
3.00%
6.36%
6.4% derived for this company beta 0.66 (1254d vs the S&P 500) · cost of equity 7.7% = 4.7% risk-free + 0.66 × 4.5% premium · 34% debt at 4.8%, taxed at 21%
Fair value
$430.12
+0.3%
At the market's assumptionsCurrent price $428.76Enterprise value 96.2B
Bear $284.33 (-12.6% growth)Bull $656.18 (-2.6%)
Today's market price is inside the range · band = your growth ±5pts, same model · the market itself prices -7.6%
Y1
Y2
Y3
Y4
Y5
Y6
Y7
Y8
Y9
Y10
Present value of each projected year, Y1–Y10
40% the 10 forecast years60% terminal value