Here are four companies that are becoming increasingly capital efficient - take a look at their cash return on capital. Which do you own?
$Lam Research(LRCX)$ $MSCI Inc(MSCI)$ $Fair Isaac(FICO)$ $Visa(V)$
PS: I don't personally believe we can look at FCF yield in isolation. If a company has a 4% yield, but a 1% growth rate, then I would find that very expensive.
If a company has a 2% yield, but a very predictable 25% growth rate, then I would find that very cheap.
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