IQVIA: Long-Term Compounder Throwing Off Free Cash Flow

Last time, I commented on the company's strengths in unlocking risk capital for shareholders, namely via 1) exceptional net operating profit after tax relative to the capital invested to produce these numbers, 2) decompression of post-tax margins with increasing capital turnover, and 3) the company's propensity to throw off stable, high amounts of free cash flow to its owners. Figure 1. IQV price evolution, 12 months Seeking Alpha You can check out a deeper analysis on what the company does, its business li ...