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One of the financial metrics I use to find large-cap stocks trading at a discount is their free cash flow yield. Free cash flow (or FCF) is the remaining cash flow from operations after subtracting a company’s capital expenditures. Uses for FCF include dividends, share repurchases, debt repayment, acquisitions, and investing in the business. If a company’s FCF yield is 8% or higher, there is a strong possibility that investors are undervaluing its shares. The inverse of FCF yield is price-to-fre