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HCA Healthcare, Inc. (HCA)

Services-General Medical & Surgical Hospitals, NEC

Latest Price
$402.59
TTM P/E
13.87
Normalized P/E
17.66
Div Yield
0.73%
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
63% 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
+93% upside
EPS: $28.33
Target P/E: 18×
Formula: EPS × P/E
P/E Fair Value
$509.94
+27% upside

Institutional Ownership

55.4% held by institutions
InstitutionSharesValueOwnership %ChangeFiling Date
BlackRock, Inc.13.36M$6.32B6.01%+782.2K2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC10.18M$4.82B4.57%--2026-03-31
Sanders Capital, LLC8.96M$4.24B4.03%-1.51M2026-03-31
STATE STREET CORP7.54M$3.57B3.39%-27.1K2026-03-31
FMR LLC4.40M$2.08B1.98%+567.6K2026-03-31
WELLINGTON MANAGEMENT GROUP LLP3.91M$1.85B1.76%+483.7K2026-03-31
GEODE CAPITAL MANAGEMENT, LLC3.69M$1.74B1.66%+28.8K2026-03-31
First Eagle Investment Management, LLC3.25M$1.54B1.46%-391.6K2026-03-31
Capital International Investors3.03M$1.44B1.36%--2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC2.76M$1.30B1.24%--2026-03-31
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