Here is a free copy of our report on MCD for readers of Ask Matt.
The valuation of MCD’’s stock implies the company will grow its after-tax cash flow (NOPAT) by less than 10% over its remaining life. I think market expectations are too low, especially when the company’s return on invested capital (ROIC) is so high at 14.5%.
For details on our analysis of the economic earnings of MCD and our stock rating system, see the free report available at the link above as well as Investment Strategy 101.
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