The Henry Fund utilizes a top-down approach to research that integrates economic, industry, and company analysis. Analysts employ a variety of valuation techniques including discounted cash flow (DCF), economic value added (EVA), relative multiples (P/E, P/B, EV/EBITDA ratio), and fundamental multiple (DDM) analysis. Finally, all models are sensitivity tested against critical assumptions.

2023 Research

Analyst Sector Spring 2023 Fall 2023
Clayton DeBrower Consumer Discretionary & Materials Quick Service Restaurants
McDonald's (MCD)
Boyd Gaming (BYD)
Amazon (AMZN)
Coca Cola Company (KO)
Walmart (WMT)
Yash Diwate Financial Services Regional Banks
SVB Financial Group (SIVB)
JPMorgan Chase (JPM)
Tesla (TSLA)
Moody's Corp. (MCO)
Marsh & McLennan Cos. (MMC)
Chellvyn Lai Health Care Managed Healthcare
CVS Health Corp. (CVS)
Johnson & Johnson (JNJ)
Humana (HUM)
Schlumberger Limited (SLB)
McKesson Corp. (MCK)
Emily Lopata Energy & Industrials Exploration & Production
ConocoPhillips (COP)
Waste Connections (WCN)
MasTec (MTZ)
Marathon Petroleum (MPC)
Connor Neuhaus Technology & Communications Technology Hardware
Apple (AAPL) (CRM)
Walt Disney Co. (DIS)
Alphabet (GOOGL)
Topgolf Callaway Brands (MODG)
Keelen Swain Consumer Staples, Real Estate & Utilities Prologis (PLD)
VICI Properties (VICI)
Tyson Foods (TSN)

Daniel Szabo Technology & Communications Semiconductors
Cisco Systems (CSCO)
Synopsys (SNPS)
Microsoft (MSFT)
Visa (V)

2022 Research

Analyst Sector Spring 2022 Fall 2022
John Agraz Health Care IDEXX Laboratories (IDXX)
CVS Health Care (CVS)
Managed Care Industry
Walt Disney Co. (DIS)
Humana (HUM)
Johnson & Johnson (JNJ)
Kelby Barnewolt Technology Shopify (SHOP)
Salesforce (CRM)
Software Applications
Cisco Systems (CSCO)
Alphabet (GOOGL)
Microsoft (MSFT)
Dan Chapman Financial Services SVB Financial Group (SIVB)
Moody's Corp. (MCO)
Credit Rating Agencies
Chubb Limited (CB)
Marsh & McLennan (MMC)
Waste Connections (WCN)
Nicholas Feldmann Consumer Staples & Energy ConocoPhillips (COP)
Tyson Foods (TSN)
Packaged Foods Industry
Coca-Cola (KO)
Marathon Petroleum (MPC)
Walmart (WMT)
Changze (Colin) Han Technology NVIDIA Corp. (NVDA)
Apple (AAPL)
Accenture plc (ACN)
Schlumberger Ltd. (SLB)
Visa (V)
Zoe Heimendinger Consumer Discretionary Dillard's (DDS)
Sally Beauty Holdings (SBH)
Beauty Retail Industry (AMZN)
Genuine Parts Co. (GPC)
McDonald's Corp. (MCD)
William Marietti Communications Iridium Communications (IRDM)
Netflix (NFLX)
Video Streaming Industry

Gregory Nebel Industrials & Materials Pentair plc (PNR)
MasTec Inc. (MTZ)
Transmission Line Construction Industry
Eastman Chemical (EMN)
JPMorgan Chase (JPM)
Raytheon Technologies (RTX)
Keelen Swain Real Estate & Utilities

Ameren Corp. (AEE)
NextEra Energy (NEE)
Electric Utilities