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Carpenter Technology has seen a powerful long term share price rise, and after such a strong run the real question is whether the current valuation lines up with the cash the business can generate. With the stock no longer flying under the radar, investors are increasingly asking how much of its cash flow story is already reflected in the price.
Over the past 5 years the share price has delivered a very large gain, which puts extra pressure on the underlying cash flows to support where…
