Author: Anthony Summers, The Oxford Club

With strong cash flow generation, improving capital discipline, and ongoing portfolio simplification, it looks ‘extremely undervalued’ today.

It trades at a steep discount to the broader market while displaying above-average cash flow efficiency and improving operational discipline.

Right now, the company is quietly producing real cash, paying its bills, rewarding shareholders, and trading for less than it probably should.

In a market full of noise, this is the one metric that can’t be faked.

For patient investors, the setup is compelling: a debt-light balance sheet, a cash machine of a business, active share buybacks, and the potential for margin expansion if tariffs lift pricing and input costs ease after the third quarter.