Hi could someone explain to me the relevance of this stat in Stockreports It would appear that the lower the figure quoted the better if I have it correct a price to free cash flow figure of one would indicate that it would take 12 months for free cash flow to equal the current stock price.

I also get the impression that the free cash flow figure is more important than the earnings per share figure as its harder to manipulate ?

Any pointers welcome thanks.

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