Is HP (HPQ) Above Fair Value After A 47% Run?

HP Inc. has delivered a strong share price run this year, which naturally puts a spotlight on whether the cash it can generate over time really matches the current market tag. With the stock now trading well above where it started the year, the question for anyone looking at HP is how today’s price lines up with the cash flows implied by a Discounted Cash Flow (DCF) view. HP is up 46.7% year to date, so a lot of future cash generation is already being referenced in the current valuation...