Would you pay 22 times free cash flow for a stock growing at only 4%?Koninklijke Philips (PHG 12.98%) stock surged 14.5% through 10:05 a.m. ET Monday after the company reported strong earnings this morning.Analysts had forecast the Dutch medical devices company would earn $0.27 per share on sales of$4.8 billion, according to data from Yahoo! Finance. Philips' sales of 4.5 billion euros roughly matched that prediction. Net earnings were 452 million euros -- about 0.48 cents per share -- which works out to a ...