Is AZZ (AZZ) Above Fair Value After Raised Guidance?

AZZ Inc. has treated shareholders to a powerful run over the past few years, and the question now is whether the cash the business can generate really backs up today’s share price around US$137.66. With the stock already pricing in a lot of optimism, investors are increasingly focused on what its underlying cash flows say about the valuation. AZZ has returned about 206.3% over the past 3 years, which puts a lot of weight on whether the recent share price reflects cash flows rather than just...