Phillips 66 (PSX) Stock May Be 42% Undervalued As Strike Risks Loom

Phillips 66 has delivered a powerful run, and at a recent price of US$281.47 the question for investors is whether that market value still lines up with the cash the business is expected to generate. With the stock now shaped by both fuel market tightness and labor headlines, the focus naturally turns to what its cash flows can support. Over the past 5 years the stock has returned 317.3%, which puts a lot of expectations onto how much free cash flow Phillips 66 can sustainably produce and...