The 10 Cheapest Large-Cap Stocks This Week

This week’s Acquirer’s Multiple® Large-Cap screen has undergone another significant reshuffling, with energy companies reclaiming dominance of the cheapest stocks.

Energy accounts for six of the top 10 companies, compared with just one last week. Equinor (EQNR) takes first place, replacing Sun Life Financial (SLF), while HF Sinclair (DINO) enters second.

The Acquirer’s Multiple® compares enterprise value with operating earnings.

Here are the 10 cheapest large-cap stocks this week:

1. Equinor (EQNR) — 2.6x

Equinor climbs from third to first place as its Acquirer’s Multiple falls from 3.7x to 2.6x. The Norwegian energy producer has an 11.5% free-cash-flow yield, 7.7% shareholder yield and 3.8% dividend yield.

2. HF Sinclair (DINO) — 3.4x

HF Sinclair enters second place at 3.4x. The US refining company offers a 19.6% free-cash-flow yield, 7.4% shareholder yield and 5.2% buyback yield.

3. SK Hynix (SKHY) — 4.4x

SK Hynix returns to the top 10 at 4.4x. The semiconductor manufacturer reports a 9.5% free-cash-flow yield and a strong 61.2% five-year average return on assets.

4. Petrobras (PBR) — 4.7x

Petrobras returns at 4.7x, with a 16.8% free-cash-flow yield and 6.8% dividend yield. Oil prices and Brazilian government influence remain important considerations.

5. BP (BP) — 5.0x

BP re-enters at 5.0x, offering a 20.2% free-cash-flow yield, 7.8% shareholder yield and 4.5% dividend yield.

6. Valero Energy (VLO) — 5.5x

Valero enters sixth at 5.5x. The refiner reports a 14.8% free-cash-flow yield and 9.0% shareholder yield, including a 7.5% buyback yield.

7. Vale (VALE) — 5.7x

Vale slips from seventh place while its multiple increases from 4.9x to 5.7x. The Brazilian miner offers an 8.5% free-cash-flow yield and 10.5% dividend yield.

8. Kinross Gold (KGC) — 5.8x

Kinross rises from tenth to eighth despite its multiple increasing from 5.2x to 5.8x. The gold producer reports a 9.5% free-cash-flow yield and 3.6% buyback yield.

9. Gold Fields (GFI) — 6.2x

Gold Fields slips from ninth place as its multiple rises from 5.2x to 6.2x. It offers a 12.6% free-cash-flow yield and 4.6% dividend yield.

10. TotalEnergies (TTE) — 6.4x

TotalEnergies enters tenth at 6.4x, with an 11.3% free-cash-flow yield, 6.6% shareholder yield and 4.2% dividend yield.

Bottom Line

Energy has regained control of the cheapest end of the large-cap screen, accounting for six positions, including the top two.

Six companies enter or return to the top 10, replacing Sun Life Financial, Synchrony Financial, Northern Trust, Sasol, Allstate and Alcoa.

Equinor’s move into first place is particularly notable, while the return of Petrobras, BP and SK Hynix reverses part of last week’s reshuffling.

The valuation range has widened, with the tenth-ranked company now trading at 6.4x, compared with 5.2x last week.

Although energy and mining dominate, investors should consider commodity-price exposure, earnings sustainability and balance-sheet strength alongside headline valuations.