TASE:ELALAirlines
El Al (TASE:ELAL) Stock May Be 43% Undervalued As Cash Flow Holds Up
El Al Israel Airlines has seen a very large 5 year share price gain, which naturally raises a question for anyone looking at the stock today. Are the cash flows of El Al Israel Airlines strong and dependable enough to support the current price, or is the market leaning too heavily on optimism about the future?
Over the past 5 years the share price has delivered a very large total return. A lot now depends on whether the underlying cash generation can justify that journey.
The business model...