Goldman: Misleading Accounting Makes Free Cash Flow Yield IrrelevantRupert Hargreaves
The S&P 500 may look expensive on most traditional valuation metrics, however, according to Goldman Sachs due to a record low level of capital spending; the index appears attractive when valued on free cash flow yield.
Indeed, according to a recent research report from the investment bank, capital expenditure as a percentage of cash flow from operations ranks in just . . .
This content is exclusively for paying members. Sign up here
If you are subscribed and having an account error please clear cache and cookies if that does not work email firstname.lastname@example.org or click chat