RE:WOW conservative CIBC859, while I agree with your post in general I don't see FCF suddenly increasing to $1.4 Bil in 2026. We are likely to see 900 to 1 Billion in 2025. I think its going to be a gradual increase say 1.2 Bil in 2026 increasing to 1.8 Bil in 2030 following RBC's long term projections. I also think we won't see EBITDA margin of 20% until 2030, gradually increasing every year
We saw what happened yesterday, a slight miss in margins of expected 15.8% and we got 15.2% and its dropped like a rock. We need to be cautious in projections, at least I will be.
Even with all analyst reports as positive its still dropping today