Free cash flow (FCF) is the cash a company has after it’s paid its capital expenditures. It’s used to buy back stocks, pay dividends, or participate in mergers and acquisitions. But, a company with high FCF yields in the past may not necessarily have strong FCF yields going forward. That’s why Michael Mack, Associate Portfolio [...] The post Why Enterprise Value Paints a Fuller Picture of a Company’s Free Cash Flow appeared first on ETF Trends .