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Barchart
Barchart
Mark R. Hake, CFA

Alphabet's FCF Results Are Better Than Expected - Time to Buy GOOG?

Google Alphabet TTM Barchart ITM Seeking Alpha

Alphabet Inc. (GOOG, GOOGL) reported higher Q1 free cash flow (FCF) results on Thursday, April 24, than last year. However, despite trailing 12-month (TTM) capex spending that surged over 50%, its FCF margins remained high. That makes GOOG stock look cheap here, worth at least 29% more at $211 per share. This article will describe why.

GOOG closed Friday, April 25, at $163.85, up from a recent low of $146.58 on April 8. However, this price is still well off its 3-month high of $207.71 on Feb. 4.

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