Altria Group (MO) Stock Could Be 50% Undervalued On Cash Flow

Altria Group has delivered strong long term returns, and that puts fresh attention on a simple issue. Are you now paying a share price that is fully explained by the cash it can generate for shareholders? The stock has returned 121.7% over the past 5 years, which raises the question of how closely the current valuation lines up with the cash the business can produce. Altria Group relies heavily on mature tobacco cash flows, so ongoing cigarette demand, pricing power and cost control can all...