Infineon Offers Great Value In Semiconductors

Sinenkiy/iStock via Getty Images I last covered Infineon (OTCQX:IFNNY) (OTCQX:IFNNF) in March; I allocated a Buy rating at the time, and since then, the stock has gained 7.90% in price. At the time, I estimated that the stock was significantly undervalued based on my discounted earnings model. However, in this analysis, I am going to assess the company's valuation more acutely by looking in detail at its cash flows, in particular, how its high capex affects its valuation when forecasting growth in free cash ...