Textron (TXT) Stock May Be 48% Undervalued On Fresh Cessna Order

Textron shares closed at US$76.83 after a year to date slide of 11.7%, which puts fresh focus on whether the current market value lines up with the cash the business is expected to generate over time. With the Discounted Cash Flow (DCF) estimate available, the key issue now is how that cash flow picture lines up against a stock that has moved sideways in the past month and only modestly over longer horizons. The year to date decline of 11.7% has reset expectations around Textron, which makes...