Waters (WAT) Stock Looks 26% Overvalued On Cash Flow Estimates

Waters Corporation has logged a powerful run in recent years, and the stock now sits at a level where investors naturally ask whether the current price is in line with the cash the business is expected to generate. With a Discounted Cash Flow (DCF) view available, the question is how that cash flow based estimate stacks up against a share price that has already moved a long way. Over the past 3 years Waters has returned 77.7%, which puts real weight on getting the cash flow valuation call...