Free cash flow (FCF) is the cash a business has left over after it has paid its capital expenditures. It is also arguably a better metric to measure a company’s long-term profitability. The sectors that have generated the highest FCF yields have historically been ones in which the value of their business comes from intangible [...] The post How Intangible Assets and IP Drive Profitability – and Free Cash Flow appeared first on ETF Trends .