IQVIA: Long-Term Compounder Throwing Off Free Cash Flow
IQVIA(IQV) seekingalpha.com·2024-05-28 03:57
Pgiam/iStock via Getty Images Investment Summary Since my last publication on IQVIA Holdings Inc. (NYSE:IQV) in January 2023, there have been multiple positive updates to the company's fundamental economics. 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 pr ...