Today’s company has strong downside protection and seems like the perfect setup for a price explosion. In today’s article, we’ll check if that’s the case.
The Setup:
70% of the market cap in Net Cash
No debt (short- and long-term)
60% Free Cash Flow Yield
ROE, ROIC, and ROCE between 25% and 30%
Free Cash Flow CAGR of 65% since 2016