DOCN - 3 Stocks That Are Fantastic Deals Right Now
Operating cash flow (OCF) provides a terrific insight into the health of a stock's underlying business, showing the amount of cash generated before spending on capital expenditures (capex).
This figure is instrumental when looking at younger companies still in their growth stage, because many high-growth stocks reinvest most of the cash generated back into the business. This often leaves little (or negative) free cash flow (FCF) and net income to be used in price-to-free-cash-flow or price-to-earnings ratios -- making the price-to-operating-cash-flow (P/OCF) ratio handy for valuations.
Today we will look at Airbnb (NASDAQ: ABNB) , Trex (NYSE: TREX) , and DigitalOcean (NYSE: DOCN) , whose low respective P/OCFs of 21, 13, and 20 make them attractively priced. Let's take a deeper look at each.
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3 Stocks That Are Fantastic Deals Right Now