Drawing Capital Research

Drawing Capital Research

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Drawing Capital Research
Drawing Capital Research
Capex, Capital Intensity, and Cash Flow [Premium Subscribers]

Capex, Capital Intensity, and Cash Flow [Premium Subscribers]

Weekly updates on the innovation economy and market commentary.

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Drawing Capital
Mar 14, 2025
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Drawing Capital Research
Drawing Capital Research
Capex, Capital Intensity, and Cash Flow [Premium Subscribers]
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Introduction

There is a difference between capital intensity and capital efficiency, and earnings are not everything. Companies that trade at low P/E multiples may not necessarily be “cheap in value” …

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