Weekly Research
Names in the News: CCK and F (report)
We cover two U.S. Large Cap names, Crown Holdings, Inc. (CCK, rated ‘Buy’) and Ford Motor Company (F, rated ‘Overweight’). CCK’s reported strong quarterly numbers, with economic profitability trending closer to record highs. F, an ‘Attractive Value’ play, trended higher after U.S. President Donald Trump approved a 25% tariff on imported medium and heavy-duty trucks and parts, effective November 1. The company’s Q3 earnings call, scheduled for today, will have high expectations after recent positive GM (rated ‘Hold’) guidance.
Weekly Watchlist: Tracking the Top EVA Standouts (report)
For this week’s improvers in the PRVit Framework, we take a deep dive look at three firms at different points in their Economic Profitability cycle: Travelers Cos Inc (TRV, rated ‘Overweight’), Koninklijke Philips (PHG, rated ‘Overweight’), and Genuine Parts (GPC, rated ‘Overweight’).
EVA Analyst Focus List: October 2025 (report)
In this report we update the EVA Analyst Focus List, which is a selection of stocks chosen by the EVA analyst team using the EVA framework to pick what the sector specialists view as most attractive within their sectors. The Analyst Focus List is not a model portfolio but a focus on the most favored stocks in each sector.
Earnings Update: U.S. Regional Banks (report)
Several banks have reported large charge-offs of bad loans stemming from several bankruptcies (including Tricolor Holdings and First Brands). In EVA, we show the Net Charge-Offs FEA (Financial Earning Assets) on our EVA Income Statement.
Attractive EU & UK Firms with a Solid EVA Track Record (report)
We seek out European & U.K firms with a market cap over $2bn that have been compounding wealth over time and have an attractive trade-off between Quality and Valuation. The factor performance shows that a strong Profitability Trend has mattered for performance in Europe and the U.K., which is the area we also capture with a wealth compounder, demonstrating a persistence in economic Profitability.
When Profitability and Risk Diverge: Themes (report)
Profitability has been trending higher since the end of 2024. Value has also been working year-to-date. However, our Risk factor has been negative (high-Risk names have outperformed low-Risk names since December 2024). Given the market’s appetite for Risk (the negative Risk spread) and the desire to own good Profitability, we think it’s appropriate to look at our themes.
Industry Snapshot: Global Beverages (report)
EVA Momentum (growth) for the industry has been pressured since H2 2023, at a time when EVA growth for the Consumer Staples sector has recovered close to positive territory. Embedded growth expectations have moved lower over the past two years but relative Valuation levels, especially for the Large Cap names, remain elevated. With P&L Profitability already near historic highs, we expect the recovery in top-line growth to drive the next leg of growth in EVA.
Quant Reports
Quant Corner: October 23rd, 2025 (report)
Through the third week of October, we see PRVit working in AxJ, Japan, the Emerging Markets, and the Global universe. Quality continued to struggle in all regions except AxJ and the Emerging Markets. Cheap Value outperformed expensive Value in all regions except the U.S.
Chart of the Week
Past performance is not indicative of future results.
For the last 5 months, investors in the Developed Markets have been adding Risk as indicated by the orange line in our Chart of the Week above. High-Risk names have outperformed low-Risk names by an average of 350bps/month over this time frame. Our Profitability factor (blue line) has continued to generate alpha. The divergence of Profitability and Risk has encouraged us to look at our life cycle themes where we look at Profitability and Value to form initial quadrants and then dissect those quadrants using our Risk metric. Please see our When Profitability and Risk Diverge report for a list of companies that fit two of the zones currently outperforming.
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Originally Posted on October 24, 2025
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