WBA - Walgreens: Fair Value Well Above Current Price
- The price multiples of Walgreens are very low, and through a discounted cash flow I calculated a fair value of $78.42, well above the current $43.
- Walgreens management has realized that the company needs a jolt to improve its growth rates, and over the past year has decided to invest heavily in the health care sector.
- In the current macroeconomic scenario, the certainty of having a profitable company that can issue such a high sustainable dividend is relevant.
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Walgreens: Fair Value Well Above Current Price