
Abercrombie & Fitch has delivered a powerful run in recent years, which puts fresh focus on whether the current share price lines up with the cash the business is expected to generate. With that backdrop, the question is how well the stock’s recent momentum matches the intrinsic value suggested by its cash flows. Over the past 5 years the stock has returned 237.1%, which raises the stakes on whether today’s valuation can still be explained by its underlying cash generation. The expanded...























